Sentieo (an AlphaSense Company)

#AI-Powered Financial Intelligence Platform enabling analysts to surface, visualize, and share alpha-driving insights. Tweets are not investment advice.

[Sentieo (an AlphaSense Company) @Sentieo]

Hey there!

Follow us now on @AlphaSenseInc for all the latest news, updates, and market insights!

Thanks for your support!

[AlphaSense @AlphaSenseInc]

$MTB Earnings:

- Net income of $531 million or $3.02 of diluted earnings per common share

"We are off to a solid start in 2024 as we were able to grow certain sectors of our commercial and consumer loan portfolios, while continuing to shrink our commercial real estate exposure. Expenses were prudently managed in the recent quarter and our selective approach to allocating resources to our strategic priorities with utmost care has not wavered. M&T's liquidity and capital position strengthened, reflecting a stable deposit base, higher levels of borrowings and solid earnings after considering seasonal employee compensation expenses and an incremental FDIC special assessment. I thank my colleagues at M&T for their stewardship of shareholder capital and their continuous support of our mission to make a difference in the lives of our customers and the communities in which we serve." - Daryl N. Bible, M&T's Chief Financial Officer

https://t.co/BqSDAsmIRn

[AlphaSense @AlphaSenseInc]

$GNTY Earnings:

- Net income was $6.7 million, or $0.58 per basic share

“We are pleased with our first quarter 2024 results. During the quarter, net interest margin continued to improve, we paid down borrowings from the FHLB, we repaid the remaining $25.0 million of brokered CDs that were obtained to test as a source of liquidity, our core deposits are stable and grew slightly and credit quality remains manageable. Although we’ve strategically shrunk the balance sheet primarily through more conservative loan underwriting, our balance sheet remains strong and continues to provide consistent earnings results. Liquidity and capital remain solid and our board of directors increased the dividend paid on GNTY stock from $0.23 last quarter to $0.24 this quarter, further improving shareholder returns and value,” said Ty Abston, the Company’s Chairman and Chief Executive Officer.

https://t.co/76NFhhtieM

[AlphaSense @AlphaSenseInc]

$GS Earnings:

- EPS: $11.58
- Net earnings: $4.13 billion
- Net revenue: $14.21 billion
- Book value per share: $321.10
- Annualized ROTE: 15.9%
- Annualized ROE: 14.8%
- Global Banking & Markets generated quarterly net revenues of $9.73 billion, driven by strong performances in Investment banking fees, Fixed Income, Currency and Commodities (including record quarterly net revenues in financing) and Equities (including the second highest quarterly net revenues in financing).
- Asset & Wealth Management generated quarterly net revenues of $3.79 billion, including record quarterly Management and other fees.

“Our first quarter results reflect the strength of our world-class and interconnected franchises and the earnings power of Goldman Sachs. We continue to execute on our strategy, focusing on our core strengths to serve our clients and deliver for our shareholders.” - David Solomon, Chairman and Chief Executive Officer

[AlphaSense @AlphaSenseInc]

$FAST Earnings:

- Net sales: $1.895 billion
- Net income: $297.7 million
- Diluted net income per share: $0.52

https://t.co/AUt4vG4ryb

[AlphaSense @AlphaSenseInc]

$KMX Earnings:

- Net revenues were $5.6 billion, down 1.7% compared with the prior year fourth quarter.
- Net earnings per diluted share of $0.32 versus $0.44 a year ago; last year’s quarter benefited by $0.08 or $16.0 million due to the receipt of extended protection plan (EPP) profit sharing revenues as well as $0.04 from a 16.5% tax rate compared to a more normalized 23.3% tax rate this year.
- Retail used unit sales increased 1.3% and comparable store used unit sales increased 0.1% from the prior year’s fourth quarter; wholesale units declined 4.0% from the prior year’s fourth quarter.
- CarMax Auto Finance (CAF) income of $147.3 million, grew 18.9% from the prior year fourth quarter due to a lower provision for loan losses, reflecting tightened lending standards, and an increase in average managed receivables, partially offset by compression in the net interest margin percentage (NIM). NIM of 5.9% was consistent with this year’s third quarter.

“We are encouraged by the performance of our business during the fourth quarter. We reported growth in total used unit sales and comps, delivered strong retail and wholesale gross profit per unit, continued to actively manage SG&A and grew CAF income significantly year-over-year,” said Bill Nash, president and chief executive officer. “During fiscal 2024, we enhanced our omni-channel experience and capabilities by making it even easier for consumers and dealers to transact, and we leveraged data science, automation and AI to drive operating efficiencies across our stores, CECs and corporate office. Our focus and progress have made our foundation stronger than ever and we are positioned well for the future.”

https://t.co/epFWWzSgTy

[AlphaSense @AlphaSenseInc]

$LOVE Earnings:

- Net sales: $250 miilion
- Net income was $31.0 million in the fourth quarter of fiscal 2024, or $1.87 net income per diluted share, compared to $26.2 million, or $1.65 net income per diluted share, in the prior year period. During the fourth quarter of fiscal 2024 and 2023, the Company recorded an income tax expense of $10.2 million.
- Gross profit increased $15.9 million, or 11.9%, to $149.6 million in the fourth quarter of fiscal 2024 from $133.7 million in the prior year period.
- Operating income was $40.4 million in the fourth quarter of fiscal 2024 compared to $36.5 million in the prior year period. Operating margin was 16.0% of net sales in the fourth quarter of fiscal 2024 compared to 15.4% of net sales in the prior year period.

Shawn Nelson, Chief Executive Officer, stated, “Lovesac delivered market leading fiscal fourth quarter and full year 2024 sales performances. We surpassed $700 million in revenues for the fiscal year, representing a net sales increase of $49.1 million, or 7.5%, despite another year of significant category decline for the home furnishing sector. Interest in – and passion for – the Lovesac brand, from new and existing customers alike, continues to grow. We will fortify our momentum by doubling-down on what we do best: strengthening our unique omni-channel infinity flywheel, reinforcing our designed for life platform, investing in genuine innovation, and making the strategic investments necessary to profitably scale our brand and business for years to come.”

Mr. Nelson continued, “Lovesac enters fiscal 2025 in a position of strength with a truly massive opportunity ahead. We’re primed to over-participate in an eventual category rebound through continued market share gains driven by our core platform. In addition, this fiscal year, we plan to enhance our core Sactional and Sac platforms with an impressive pace of complementary product innovation launches, positioning us well to build-on our track record of delivering profitable growth.”

https://t.co/1W74qMYIwX

[AlphaSense @AlphaSenseInc]

$CONN Earnings:

- Total consolidated revenue increased 9.3% to $366.1 million, due to an 8.6% increase in total net sales, and a 10.7% increase in finance charges and other revenues
- Net income per diluted share was $1.75, and included $16.3 million of one-time transaction expenses, $14.2 million of one-time expenses related to the extinguishment of debt, and a $104.9 million bargain purchase gain associated with the Badcock transaction
- Adjusted net loss was $1.25 per diluted share

“Since completing the transformative transaction with W.S. Badcock ("Badcock") in December 2023, we have focused on successfully integrating the two organizations, aligning around a common culture, and establishing a platform to drive significant revenue and cost synergies in the coming quarters.   As a result of our team’s efforts, we have removed approximately $50 million of combined expenses during the fourth quarter and we have identified over $50 million of additional cost synergies that we expect to realize over the next 18 months.   In addition, during this period we expect to drive over $50 million of revenue synergies as we transition Badcock’s credit program to Conn’s in-house loan product, offer Conn’s successful eCommerce capabilities to Badcock’s customers, and pursue shared retail growth strategies,” stated Norm Miller, President and Chief Executive Officer.

“While we expect the macro-environment to remain challenging throughout our fiscal year 2025, I am confident that the Badcock transaction, combined with existing strategic initiatives underway, will position us to emerge stronger and more resilient than ever before. As a result, we expect to experience year-over-year improvements in both retail sales and profitability throughout fiscal year 2025,” concluded Mr. Miller.

https://t.co/qhHDiUsr6q

[AlphaSense @AlphaSenseInc]

🥳 The milestones keep coming! Today, we announced that AlphaSense has surpassed a whopping $200M in ARR, doubling our revenue in under 2 years 📈—a huge testament to the growing demand for AI-powered market intelligence in the business world.

In an exclusive interview with @FortuneMagazine, our CEO and Founder, Jack Kokko, shared more about what this milestone means, how we are gearing up for a future IPO, and the appointment of our new powerhouse CMO, @hzynczak:

https://t.co/rs8rP9LPXF

Darren Cohen, the CIO of @GoldmanSachs growth equity team, who led both AlphaSense’s C and D financing rounds, also told Fortune why AlphaSense is the perfect fit for their broader investment thesis: “AlphaSense is, by far, the poster child. It’s one of the largest positions in our fund.”

We’re so proud of this incredible achievement, and we are even more excited for what’s next as we continue to further our mission of helping the world’s most sophisticated companies make better decisions quickly and more confidently.

[AlphaSense @AlphaSenseInc]

$PVH Earnings:

- Fourth quarter revenue of $2.490 billion was flat as compared to the prior year period (decreased 1% on a constant currency basis) and exceeded guidance of a decrease of 3% to 4%
- GAAP basis: $4.55 (fourth quarter) compared to guidance of approximately $3.48 and $10.76 (full year) compared to guidance of approximately $9.75

2024 full year outlook:
- Revenue: Projected to decrease 6% to 7% (decrease 6% to 7% on a constant currency basis) as compared to 2023, inclusive of a 2% reduction resulting from the sale of the Heritage Brands women’s intimates business in November 2023 and a 1% reduction from the 53rd week in 2023
- Operating margin: Projected to be approximately flat compared to 10.1% in 2023
- EPS: Projected to be $10.75 to $11.00

Stefan Larsson, Chief Executive Officer, commented, “We delivered a strong fourth quarter and fiscal 2023, generating high single-digit direct-to-consumer growth, with growth in both Calvin Klein and Tommy Hilfiger and all regions. We significantly expanded our gross margins, drove strong pricing power, and are beginning to realize the benefits from the early buildout of our demand-driven supply chain, which allowed us to decrease inventory 21% to last year with much better stock freshness to start the new spring season.”

Mr. Larsson added, “Looking ahead to 2024, we will continue to build momentum with our PVH+ Plan, driving brand desirability for both Calvin and Tommy in product, consumer engagement and marketplace execution, powered by our demand-driven underlying operating engine. This will directly translate into growth in Asia and North America, while in Europe where the macro has become more challenged, our focus is on quality of sales to further strengthen our market-leading position. We see big, value-creating upside through the compounded effect of our consistency in PVH+ Plan execution and strong brand-building focus as we drive long-term, profitable, brand-accretive growth.”

Zac Coughlin, Chief Financial Officer, said, “Our disciplined execution of the PVH+ Plan drove strong gross margin expansion and EPS growth for 2023. In a tougher macroeconomic backdrop in 2024, we are leaning into the next level of PVH+ Plan execution across the Company to create value by increasing quality of sales, driving gross margin improvements and cost efficiencies to deliver significant cash flow and attractive returns for our shareholders. Reflecting confidence in our long-term growth potential, the Board authorized a $2.0 billion increase to the Company’s stock repurchase program.”

https://t.co/ZDf9K5wXWt

[AlphaSense @AlphaSenseInc]

$RH Earnings:

- GAAP Net Revenues of $738M
- Diluted Net Income Per Share: $0.57
- GAAP Operating Margin of 8.7%
- Adjusted Operating Margin of 9.1%
- GAAP Net Income of $11M
- Adjusted Net Income of $14M
- Adjusted EBITDA Margin of 15.3%

"Fiscal 2023 was a year of adversity, innovation, and investment for team RH as we faced the most challenging housing market in three decades while investing in the most compelling product transformation and platform expansion in our history. We have positioned the RH brand to gain significant market share in 2024 and beyond while building the foundation for our global expansion across the United Kingdom, Europe, Australia and the Middle East over the next several years.

While aggressively investing during a downturn has put pressure on short-term results, it also positions us to capitalize on the long-term opportunities that present themselves during times of disruption and dislocation.

We’ve demonstrated our confidence in our strategy by repurchasing 7.6 million shares of our stock during fiscal 2022 and 2023, representing approximately 35 percent of the shares outstanding and believe that investment will create meaningful long-term value for our shareholders. Turning to our fourth quarter and full year results, revenue was negatively impacted by $40 million in the fourth quarter due to the severe January weather and shipping delays related to the ongoing conflict in the Red Sea.

We do expect the majority of the deferred revenue will be realized in 2024 when transit times normalize. Adjusted operating margin was 9.1% and 13.0%, and adjusted EBITDA margin was 15.3% and 18.2% for the fourth quarter and the full year, respectively, reflecting deleverage from lower revenues, increased markdowns to support our product transformation and investments in international expansion."

[AlphaSense @AlphaSenseInc]

$CXM Earnings:

- Total revenue for the fourth quarter was $194.2 million, up from $165.3 million one year ago, an increase of 17% year-over-year. Subscription revenue for the fourth quarter was $177.0 million, up from $148.3 million one year ago, an increase of 19% year-over-year.
- Fourth quarter net income per share, basic was $0.08, compared to net loss per share, basic of $0.00 in the fourth quarter of fiscal year 2023. Non-GAAP net income per share, basic for the fourth quarter was $0.13, compared to non-GAAP net income per share, basic of $0.06 in the fourth quarter of fiscal year 2023.
- Fourth quarter GAAP operating income was $18.5 million, compared to an operating loss of $1.8 million one year ago. Non-GAAP operating income for the fourth quarter was $32.4 million, compared to non-GAAP operating income of $14.3 million one year ago. For the fourth quarter, GAAP operating margin was 10% and non-GAAP operating margin was 17%.
- Total cash, cash equivalents and marketable securities as of January 31, 2024 was $662.6 million.

“We are pleased with Sprinklr’s fourth quarter performance and overall success in FY 24. Our vision is clear: to unify customer-facing teams on an AI-powered platform. We’re strengthening our foundation and recruiting top-tier leaders to fuel our next phase of growth. With strong conviction, we believe we are the natural third or fourth front office platform for global brands at the forefront of exceptional customer experience,” said Ragy Thomas, Founder and CEO at Sprinklr.

https://t.co/EviFUqiCNi

[AlphaSense @AlphaSenseInc]

$RUM Earnings:

- Fourth quarter revenue increased to $20.4 million, compared to $20.0 million in the fourth quarter of 2022, and $18.0 million in the third quarter of 2023.
- Average global Monthly Active Users (“MAUs”) of 67 million in the fourth quarter of 2023, an increase of 16% from 58 million in the third quarter of 2023. Of the 67 million MAUs, 48 million were based in the U.S. and Canada.
- Revenue for the full year 2023 increased 106% to $81.0 million, compared to $39.4 million for the year ended December 31, 2022.

Rumble’s Chairman and CEO Chris Pavlovski commented, “As planned, 2023 was a year of product focus for Rumble as we concentrated on execution, prioritizing our infrastructure and product. Today, Rumble has four top-of-the-line products: our video platform, the Rumble Advertising Center (RAC), our unique Rumble Studio platform, and our biggest accomplishment to date, the Rumble Cloud. We have a beautiful business, and I am incredibly proud of the Company we have built and the team behind this incredible undertaking. The fact that today we have this portfolio of assets able to compete in such sizable addressable markets is an unbelievable accomplishment.

“Looking ahead, with our functioning products now online, we expect clarity on the performance of our assets beginning in the second quarter, leading to a stronger topline in the second half of the year. With this solid foundation in place, we are now positioned to benefit from the synergies of our full suite of offerings and focus on selling to yield topline momentum. We continue to stay true to principle, running the un-cancelable highway of the free and open internet that we can proudly offer as a service. With our trajectory for monetization becoming more evident as we progress through 2024, our commitment to deliver long-term value to all stakeholders and our path towards breakeven in 2025 are well underway,” concluded Mr. Pavlovski

https://t.co/QFlgFXedKf

[AlphaSense @AlphaSenseInc]

$BRZE Earnings:

- Revenue was $131.0 million compared to $98.7 million in the fourth quarter of the fiscal year ended January 31, 2023, up 33% year-over year, driven primarily by new customers, upsells, and renewals.
- GAAP net loss per basic and diluted share attributable to Braze common stockholders was $0.29 compared to $0.35 in the fourth quarter of the fiscal year ended January 31, 2023.
- Non-GAAP net loss per basic and diluted share attributable to Braze common stockholders was $0.04 compared to $0.14 in the fourth quarter of the fiscal year ended January 31, 2023.
- GAAP operating loss was $32.3 million compared to an operating loss of $36.5 million in the fourth quarter of the fiscal year ended January 31, 2023. Contributors to the operating loss in the quarter included $24.2 million of stock-based compensation expense.
- Subscription revenue in the quarter was $125.9 million compared to $94.8 million in the fourth quarter of the fiscal year ended January 31, 2023, and professional services and other revenue was $5.1 million compared to $3.9 million in the fourth quarter of the fiscal year ended January 31, 2023.
- Remaining performance obligations as of January 31, 2024 was $639.2 million, of which $409.1 million is current, which we define as less than one year.

"Fiscal 2024 marked another significant year for Braze, as we strengthened our position as the leading customer engagement platform and grew revenue by 33%, helping over 2,000 global brands foster growth, loyalty, and retention," said Bill Magnuson, cofounder and CEO of Braze. "In 2023, we orchestrated the delivery of over 2.6 trillion outgoing actions, including message sends, webhook executions, and Canvas actions taken to transform data and manage audiences, demonstrating the performance, reliability, and scalability of the Braze Customer Engagement Platform. We remain committed to helping brands embrace the craft of customer engagement by harnessing the power of rich first-party data, advanced machine learning, and artificial intelligence to create brilliant, meaningful experiences at scale."

https://t.co/JcAQwFISoY

[AlphaSense @AlphaSenseInc]

$PLBY Earnings:

- Total revenue from continuing operations in the fourth quarter was $39.4 million versus $44.9 million in the prior year period, reflecting a year-over-year decrease of 12%. Of the $5.5 million decrease in revenue, $6.8 million was attributable to the elimination of https://t.co/A8GXXwEoXW e-commerce, as well as a decline in licensing, partially offset by growth in Honey Birdette and the digital business.
- Net loss from continuing operations in the fourth quarter was $9.6 million, including $8.3 million of trademark and other impairments. The adjusted EBITDA income from continuing operations was $1.1 million.
- Direct-to-consumer revenue from continuing operations declined $4.3 million, or 18%, year-over-year to $20.4 million in the fourth quarter of 2023. Revenues from https://t.co/A8GXXwEoXW e-commerce declined by $6.8 million, as the Company completed the transition from an owned-and-operated model to a licensing model. Also, during the quarter, revenue from Honey Birdette increased by $2.5 million, or 14% year-over-year, to $20.4 million from $17.9 million due to improvement in consumer demand.

“In 2023, we worked on five main goals. First, restructure the Company and move to a capital-light business model; second, reduce overhead; third, stabilize and reposition Honey Birdette back to a premium brand; fourth, move our China business to a JV model with better accountability and control; and fifth, grow our creator platform, the Playboy Club. We made major progress on all five goals in 2023.

As part of our restructuring, we sold Yandy and Lovers, two businesses that were not core to our future plans. We also organized our art and furniture collection for auction, signed contracts with two auction houses, completed one successful sale in November of fine art and plan to have two other, larger auctions in 2024, which we expect will result in the sale of a majority of our collection. We also successfully outsourced operation of our e-commerce business, eliminating approximately $11 million of direct losses, as incurred in the full year of 2022.

We have significantly reduced our corporate overhead from approximately $50 million for the full year of 2022, to this year’s projected corporate overhead of approximately $27 million. We remain burdened by long-term fixed overhead costs, such as our corporate office lease that was signed before COVID, but we are actively working to reduce overhead where we can."

https://t.co/FSth2TuW0k

[AlphaSense @AlphaSenseInc]

$NKE Earnings:

- Third quarter revenues were slightly up on both a reported and currency-neutral basis at $12.4 billion
- Diluted earnings per share was $0.77, including $0.21 of restructuring charges. Excluding these charges, Diluted earnings per share would have been $0.98
- NIKE Direct revenues were $5.4 billion, slightly up on a reported and currency-neutral basis
- NIKE Brand Digital sales decreased 3 percent on a reported basis and 4 percent on a currency-neutral basis
- Wholesale revenues were $6.6 billion, up 3 percent on a reported and currency-neutral basis
- Gross margin increased 150 basis points to 44.8 percent, including a detriment of 50 basis points due to restructuring charges
- Selling and administrative expense increased 7 percent to $4.2 billion, including $340 million of restructuring charges

“We are making the necessary adjustments to drive NIKE’s next chapter of growth,” said John Donahoe, President & CEO, NIKE, Inc. “We’re encouraged by the progress we’ve seen, as we build a multiyear cycle of new innovation, sharpen our brand storytelling and work with our wholesale partners to elevate and grow the marketplace.”

Matthew Friend, Executive Vice President & Chief Financial Officer, NIKE, Inc. said, “Our teams are focused on what matters most to return to strong growth. We are taking action to build a faster, more efficient NIKE and maximize the impact of our new innovation cycle.”

https://t.co/qNvkVLxHID

[AlphaSense @AlphaSenseInc]

$AIR Earnings:

- Record third quarter sales of $567 million, up 9% over the prior year
- Third quarter GAAP diluted earnings per share from continuing operations of $0.39, compared to $0.62 in Q3 FY2023
- Record third quarter adjusted diluted earnings per share from continuing operations of $0.85, up 13% from $0.75 in Q3 FY2023
- Third quarter cash flow provided by operating activities from continuing operations of $20 million

"During the quarter, we drove 18% sales growth in our commercial business capitalizing on the continued strong demand for both our parts supply activities and MRO services. We expect commercial demand to remain elevated as the life and high utilization of current generation aircraft continue to extend," said John M. Holmes, Chairman, President and Chief Executive Officer of AAR CORP.

https://t.co/boAVqopryi

[AlphaSense @AlphaSenseInc]

$FDX Earnings:

- Diluted EPS of $3.51 and Adjusted Diluted EPS of $3.86
- Revenue: $21.7 billion
- FedEx expects to repurchase an additional $500 million of common stock during the fiscal fourth quarter, which will bring the fiscal 2024 buyback total to $2.5 billion.

“FedEx delivered another quarter of improved profitability in what remains a difficult demand environment, reflecting outstanding service and continued benefits from DRIVE,” said Raj Subramaniam, FedEx Corp. president and chief executive officer. “We are making meaningful progress on our transformation, while strengthening our value proposition and improving the customer experience. I've never been more confident in our path ahead as we build a more flexible, efficient, and intelligent network.”

https://t.co/CR8oK5sxXJ

[AlphaSense @AlphaSenseInc]

$SCHL Earnings:

- Revenues were approximately level in the quarter at $323.7 million, a decrease of $1.2 million from $324.9 million in the prior year. Lower U.S. Book Clubs revenues of approximately $14.4 million related to the strategic repositioning of the business, were offset by strong trade publishing revenues in the U.S., Canada and the UK, which benefited from the sales of popular book series titles.
- Operating loss increased 26.0% to $34.9 million in the quarter, including one-time items of $4.3 million, compared to $27.7 million a year ago, as anticipated. Excluding one-time items in the current period, operating loss increased 10%, reflecting higher spending on growth initiatives, partly offset by increased profitability from higher trade revenues, favorable freight costs in the U.S. markets and lower promotion costs in book clubs. Adjusted EBITDA (a non-GAAP measure of operations explained in the accompanying tables) decreased $1.8 million to a loss of $7.2 million.

Peter Warwick, President and Chief Executive Officer, said, "Last quarter Scholastic's continued successes in children's book publishing and entertainment demonstrated our leadership in building beloved children's franchises and brands. In Trade Publishing, multiple new releases expanded Scholastic's presence on bestseller lists, including Heroes: A Novel of Pearl Harbor by Alan Gratz and the latest titles in our popular graphic novel series HeartstopperTM by Alice Oseman, Wings of FireTM by Tui Sutherland, Amulet by Kazi Kibuishi and The Baby-Sitters Club® by Ann Martin. Looking ahead, we are excited about the next title in Dav Pilkey's Dog Man® series, as well as other frontlist titles publishing this year. Following the success of the live-action Goosebumps® TV debut last fall, based upon R.L. Stine's worldwide bestselling Scholastic book series and co-produced by Scholastic Entertainment, Disney announced it has greenlit a second season of the hit series for Disney+®.

"We are thrilled to significantly broaden the scope of our 360° content creation strategy, which taps the virtuous circle from page to screen back to page, with our recently announced agreement to invest in 9 Story Media Group, acquiring 100% of the economic interest in the company. This strategic investment in a leading creator, producer and distributor of premium animated and live-action children's content significantly grows Scholastic's footprint in children's media as well as opportunities to build and monetize Scholastic's trusted global brand, best-selling publishing and unique distribution channels, reaching kids where they are and creating more value for our shareholders.

"In line with our expectations, Scholastic experienced modest revenue declines and higher losses in our seasonally small third quarter, reflecting the continued impact of the currently complex environment in U.S. schools on our School Reading Events and Education divisions. During the quarter, Scholastic returned over $60 million to shareholders through repurchases and our regular dividend, demonstrating our confidence in the business. As we begin our largest and most profitable quarter of the year with strong expectations, we are affirming our revised fiscal 2024 guidance. Scholastic remains committed to executing on our long-term strategy, investing in content and capabilities to drive growth, maintaining a strong, efficient balance sheet, and returning capital to shareholders, as we build on our unique strengths as the world's largest and most trusted publisher and distributor of children's books and media."

https://t.co/3CUXMuYYAI

[AlphaSense @AlphaSenseInc]

$LULU Earnings:

- Net revenue increased 16% to $3.2 billion
- Diluted earnings per share were $5.29 compared to $0.94 in the fourth quarter of 2022. Adjusted diluted earnings per share were $4.40 for the fourth quarter of 2022
- Gross profit increased 25% to $1.9 billion. Adjusted gross profit increased 20% to $1.9 billion
- Gross margin increased 430 basis points to 59.4%. Adjusted gross margin increased 200 basis points to 59.4%
- Income from operations increased 191% to $913.9 million. Adjusted income from operations increased 16%
- Comparable sales increased 12%

Calvin McDonald, Chief Executive Officer, stated: "We are pleased with the strong finish to our 2023 fiscal year and continue to be ahead of our Power of Three ×2 strategy. During the fourth quarter, we saw continued momentum across our channels, geographies, and merchandise categories, driven by our teams around the world. As we step into 2024, we are focused on the significant opportunities ahead for lululemon as we navigate the dynamic retail environment and deliver for guests through innovative new products and brand activations."

https://t.co/2vUPDhaxi1

[AlphaSense @AlphaSenseInc]

$ACN Earnings:

- Revenues were $15.8 billion, and were flat in both U.S. dollars and local currency compared to the second quarter of fiscal 2023.
- GAAP diluted earnings per share were $2.63, an increase of 10% over $2.39 for the second quarter of fiscal 2023. Adjusted EPS were $2.77, an increase of 3% over $2.69 for the second quarter of fiscal 2023.
- GAAP operating income was $2.05 billion, compared to $1.94 billion for the second quarter of fiscal 2023, and operating margin was 13.0% compared to 12.3% for the second quarter last year. Adjusted operating income was $2.16 billion, compared to $2.19 billion for the second quarter of fiscal 2023 and adjusted operating margin was 13.7%, compared to 13.8% for the second quarter last year.
- Consulting revenues for the quarter were $8.02 billion, a decrease of 3% in both U.S. dollars and local currency compared with the second quarter of fiscal 2023.
- Managed Services revenues for the quarter were $7.78 billion, an increase of 3% in both U.S. dollars and local currency compared with the second quarter of fiscal 2023.
- Generative AI new bookings of over $600 million in the quarter for a total of $1.1 billion through the first half of the fiscal year
- Accenture updates business outlook for fiscal 2024; now expects full-year revenue growth of 1% to 3% in local currency; GAAP operating margin of 14.8%; adjusted operating margin of 15.5%; GAAP EPS of $11.41 to $11.64; and adjusted EPS of $11.97 to $12.20

Julie Sweet, chair and CEO, Accenture, said, “In an uncertain macro environment, we remain the trusted partner to our clients for reinvention with a record 39 clients with quarterly bookings of over $100 million. We also extended our early lead in generative AI with $1.1 billion in new bookings in the first half of the year. And we are investing to serve the needs of our clients and expand our growth opportunities with $2.9 billion of capital deployed in the first half in strategic acquisitions. Thank you to our more than 740,000 people around the world for your dedication to delivering value for our clients.”

https://t.co/b9tfhDSBZR