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Halloween

2:45 a.m. Feb. 25, 2021 - By Tomi Kilgore
SeaWorld reports narrower-than-expected loss, as attendance and guest spending rise above forecastsSeaWorld Entertainment Inc. reported Thursday a fifth straight quarterly loss, but beat bottom-line expectations for the first time in six quarters, as revenue, attendance and guest spending all beat forecasts. Thje stock was still inactive in premarket trading. The fourth-quarter net loss widened to $45.5 million, or 58 cents a share, from $24.2 million, or 31 cents a share, in the year-ago period. The FactSet consensus was for a per-share loss of 71 cents. Revenue fell 48.3% to $154.1 million, but was well above the FactSet consensus of $122.1 million. Attendance dropped 52.8% to 2.2 million but beat the FactSet consensus of 2.0 million, while admission per capita rose 9.4% to $41.44 to beat expectations of $40.80 and total revenue per capita increased 9.4% to $69.40 to top forecasts of $68.30. The company currently has eight of its 12 parks open, at limited capacity, and is planning to have all 12 of its parks open for the 2021 season. "Guests showed a continuing desire and interest to visit our parks, especially during our Halloween and Christmas events," said Chief Executive Marc Swanson. " As we enter 2021, we are pleased that guests are returning, including for our popular food and music festivals." The stock has rallied 42.4% over the past three months, while the S&P 500 has gained 8.2%.
2:15 a.m. Nov. 9, 2020 - By Tomi Kilgore
Party City's stock rockets after surprise profit, big revenue beat and upbeat outlookShares of Party City Holdco Inc. rocketed 22% in premarket trading Monday, after the party goods and costumes retailer reported a surprise third-quarter profit, a big revenue beat and provided a upbeat fourth-quarter outlook. The company swung to net income of $239.7 million, or $2.24 a share, from a loss of $281.5 million, or $3.02 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share came to 10 cents, compared with the FactSet per-share loss consensus of 32 cents. Revenue slipped 1.2% to $533.8 million, well above the FactSet consensus of $489.3 million. Same-store sales grew 8.3%, helped by strength in balloon, birthday and entertainment categories, to beat expectations of a 2.3% decline. October revenue fell 15.9% to $364.3 million, while same-store sales for the month declined 2.9%, as Halloween declines were partially offset by strength in core categories. "Our Halloween results were ahead of our expectations, driven by strong results within décor and better than expected sales of costumes, despite the challenges of a pandemic-impacted backdrop," said Chief Executive Brad Weston. For the fourth quarter, the company expects adjusted EPS of 31 cents to 37 cents, above the FactSet consensus of 29 cents, and revenue of $675 million to $695 million, which is above expectations of $660 million. The stock was unchanged year to date through Friday, while the SPDR S&P Retail ETF has climbed 16.7% and the S&P 500 has gained 8.6%.
5:11 p.m. Nov. 7, 2020 - By Ciara Linnane
Coronavirus update: Third straight single-day case record in U.S.; Trump chief of staff Meadows tests positive President-elect Joe Biden will announce a COVID-19 task force on Monday, Axios reportsThe U.S. case tally from the coronavirus illness COVID-19 rose by a record of almost 133,000 on Friday, a third straight day of record-setting levels, as hospitals in rural areas of the Midwest and southern states including Texas and Florida continued to feel the strain.
1:20 p.m. Nov. 6, 2020 - By Ciara Linnane
Coronavirus update: U.S. new cases jump 20% to record 121,200 in a single day; ‘We North Dakotans are in crisis,’ says doctor 13 states posted record case numbers on Thursday, including Illinois, Ohio, Indiana, Minnesota, Iowa, Oklahoma, Nebraska and North DakotaJust one day after the U.S. surpassed 100,000 new cases of the coronavirus illness COVID-19 in a singe day, it set a fresh record that was 20% higher, straining hospitals in areas of the Midwest and South as they struggle to cope with an influx of patients.
3:38 a.m. Nov. 6, 2020 - By Tomi Kilgore
Hershey's stock surges after profit and sales beats, as consumers 'reach for small treats' during the pandemicShares of Hershey Co. surged 2.8% in premarket trading Friday, after the chocolate and confectionery products company reported third-quarter profit and revenue that rose above expectations, and provided an upbeat full-year outlook. "Our core U.S. business remains healthy as consumers reach for small treats during the pandemic, and our decision to lean into Halloween ahead of the season supported consumers' desire to find new and creative ways to celebrate safely," said Chief Executive Michele Buck. Net income rose to $447.3 million, or $2.14 a share, from $325.3 million, or $1.54 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share came to $1.86, above the FactSet consensus of $1.74. Revenue rose 4.0% to $2.22 billion, just above the FactSet consensus of $2.18 billion, as price realization provided a 2.9 percentage point benefit and volume growth was a 90 basis point benefit. Gross margin improved to 48.7% from 44.2% last year. The company reinstated its 2020 earnings guidance, after withdrawing it in April because of the uncertain effects of the COVID-19 pandemic. The company now expects 2020 adjusted EPS of $6.18 to $6.24, above the FactSet consensus of $6.05. The stock has slipped 1.6% year to date through Thursday, while the S&P 500 has advanced 8.7%.
4:54 a.m. Aug. 20, 2020 - By Tonya Garcia
Target reports record-setting quarterly profits and comparable sales, $5 billion in market share gains for first half of 2020 Target added 10 million new digital customers in the first half of the yearTarget says its most recent quarter set a record in a number of metrics and saw an uptick in customers returning to stores.
11:08 a.m. July 28, 2020 - By Ciara Linnane
Coronavirus update: U.S. case tally climbs above 4.30 million as Texas becomes fourth state with more than 400,000 cases Pfizer, McDonald’s, 3M and Raytheon Technologies are latest Dow components to report earnings with mixed resultsThe U.S. tally for confirmed cases of the coronavirus illness COVID-19 climbed above 4.30 million on Tuesday, and the death toll exceeded 148,000, after Texas became the fourth state with more than 400,000 cases, joining California, Florida and early hot spot New York.
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