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The Latest Breaking News from Supply chain

Berry Global Group Inc (NYSE:BERY) reported second-quarter FY22 sales growth of 12% year-on-year to $3.78 billion, beating the consensus of $3.70 billion. The net sales growth is primarily attributed to increased selling prices of $576 million due to the pass-through of inflation. Organic volumes were down 2% in the quarter, primarily due to…

Benzinga

Wrangler, Lee Parent's Q1 Earnings Exceed Street View; Cuts Q2 EPS Outlook

Kontoor Brands Inc (NYSE:KTB) reported first-quarter FY22 sales growth of 4% year-on-year to $679.74 million, beating the consensus of $655.33 million. The company attributed the revenue growth to strength in Digital and continued positive trends in the U.S. wholesale business and solid performance in international markets. Revenue in the U.S. increased 4% Y/Y,…

Benzinga

Cardinal Health's Shares Fall as Inflation and Supply Chain Constraints Hit Q3 Earnings

Cardinal Health Inc (NYSE:CAH) has reported Q3 FY22 adjusted EPS of $1.45, down 5% Y/Y, missing the consensus of $1.52 Q2 sales increased 14% Y/Y to $44.8 billion, beating the consensus estimate of $43.16 billion. The pharmaceutical segment increased 17% to $41 billion, driven primarily by branded pharmaceutical sales growth from large…

Benzinga

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Xinjiang cotton found in Adidas, Puma and Hugo Boss tops, researchers say

Traces in shirts and T-shirts appear to contradict German firms’ promises to revise supply chains

The Guardian - UK

ChipMOS Clocks 4% Revenue Growth in Q1; Margin Expands Amid Inflation, Supply Chain Woes

ChipMOS TECHNOLOGIES INC (NASDAQ:IMOS) reported first-quarter FY22 revenue growth of 4% year-on-year to $235 million. Revenue decreased by 1% Q/Q. The gross margin expanded 80 bps amid global inflation and supply chain constraints. Net non-operating income was $8 million versus $0.9 million a year ago. Earnings per basic ADS were $1.18 versus $0.92…

Benzinga

Not enough houses: a look at why South Florida is suffering from a severe lack of inventory

A severe shortage of housing has plagued South Florida home buyers, helping fuel the insane real estate market.

Tribune News Service

Phibro Animal Reports Mixed Q3 Earnings, Lifts FY22 Sales Outlook

Phibro Animal Health Corp (NASDAQ:PAHC) posted Q3 FY22 sales of $239.6 million, +13% Y/Y, beating the consensus of $226.26 million. Adjusted EPS decreased 3% to $0.33, missing the consensus of $0.35. The gross margin decreased 280 basis points to 29.9%. Adjusted EBITDA of $28.0 million, comparable to the prior year. "Our fiscal…

Benzinga

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China's Covid controls prompting firms to consider moving elsewhere

SHENZHEN: European businesses in China are increasingly looking to shift their investments to other markets due to the country's strict Covid-19 containment measures and supply chain disruptions, the European Chamber of Commerce in China said on Thursday.

Bangkok Post

Christmas Island residents going without fresh produce, postal services due to supply chain woes

While the Indian Ocean territory has had its fair share of isolation-related issues, recent wait times for deliveries have blown out severely, with some residents saying it's putting their health at risk.

ABC News

Meet Dat Bike, An Electric Motorcycle Startup From Vietnam

Dat Bike is an electric motorbike startup hailing from Vietnam, which keeps its supply chain as local as possible to make things simple and well priced.

RideApart

What's Going On With LL Flooring Shares Today

LL Flooring Holdings Inc (NYSE:LL) reported a first-quarter FY22 sales decline of 1.6% year-on-year to $279.03 million, missing the consensus of $281.40 million. Comparable store sales decreased 3.6% versus last year and increased 3.3% on a two-year stack basis. Merchandise sales decreased 2.3% Y/Y to $244.27 million, while Services sales rose 4.1% to…

Benzinga

3 Buy-Rated Chemical Stocks That Should Be on This Month's Watchlist

Although the intensifying supply chain disruptions and consequent costs increases are hurting chemical manufacturers, the surging demand for basic and essential chemicals along with federal policy support should help the industry weather these conditions. Therefore, we think it could be wise to add quality chemical stocks Huntsman (HUN), Celanese (CE),…

StockNews.com

Masimo Posts Better Than Expected Q1 Earnings Despite 'Unexpected' Supply Chain Issues

Masimo Corp's (NASDAQ:MASI) Q1 revenue increased 1.7% Y/Y (+3.2% on a constant currency basis) to $304.2 million, beating the consensus of $303.83 million. Excluding handheld and fingertip pulse oximeters, shipments of noninvasive technology boards and instruments were 75,700 in Q1 of 2022. The adjusted operating margin remained unchanged at 22.9%. The company reported…

Benzinga

Generac Stock Gains On Solid Q1, Raised FY22 Sales Growth Outlook

Generac Holdings Inc (NYSE:GNRC) reported first-quarter FY22 sales growth of 41% year-on-year to $1.14 billion, beating the consensus of $1.09 billion. Residential product sales grew 43% to $777 million, and Commercial & Industrial (C&I) product sales increased 38% to $279 million. Domestic segment sales increased 39% to $964.7 million, and the International segment…

Benzinga

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Birmingham Post

Leonardo discusses Somerset Covid recovery at manufacturing event

The defence firm hosted firms from its UK supply chain near its Yeovil hub

Benzinga

EXCLUSIVE: Cannatech Co. Lucid Green Expands COA Integrations To Hundreds Of Testing Labs Nationwide

Lucid Green is teaming up with three new cannabis testing labs and lab information systems (LIMS) to expand the full digitization of Certificates of Analysis (COAs) in the cannabis supply chain.

Al Jazeera

Taiwan cracks down on China poaching tech talent

Taipei is ramping up efforts to stem brain drain in semiconductor industry as officials warn of a ‘red supply chain’.

Insider UK

Inflation challenges rising for Scottish firms

Supply chain issues also predicted to pose significant challenges for the rest of 2022

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StockNews.com

Hormel Foods vs. Campbell Soup: Which Stock is a Better Buy?

Despite the rising prices of packaged food products due to intensifying supply chain disruptions, Hormel Foods (HRL) and Campbell Soup (CPB) should benefit substantially from surging demand. But which of these stocks is a better buy now? Read more to learn our view.

Benzinga

Standard Motor Q1 Earnings Top Estimates; Cautiously Optimistic For Rest Of 2022

Standard Motor Products Inc (NYSE:SMP) reported first-quarter FY22 sales growth of 16.7% year-on-year to $322.83 million, beating the consensus of $304.30 million. Engine Management segment revenue rose 12.8% Y/Y, and Temperature Control segment sales gained 30.2%. Gross profit rose 7.2% Y/Y to $89.8 million with a gross margin of 27.8%. The operating margin…

Benzinga

Why Zebra Technologies Shares Are Trading Lower Today

Zebra Technologies Corp (NASDAQ:ZBRA) reported first-quarter FY22 net sales growth of 6.3% year-on-year to $1.43 billion, beating the consensus of $1.37 billion. Consolidated organic net sales for the quarter increased 5.4%. Net sales in the Enterprise Visibility & Mobility (EVM) segment rose 12.7% Y/Y to $1.04 billion. Asset Intelligence & Tracking (AIT) segment…

Benzinga

Kopin Q1 Top-Line Misses Due To Supply Chain Crisis Which Are Likely To Persist

Kopin Corp (NASDAQ:KOPN) reported a flattish first-quarter FY22 revenue year-on-year of $11.6 million, missing the consensus of $12.03 million. Revenues from Defense Applications declined 4% Y/Y to $4.8 million, while Industrial/Enterprise Applications decreased 25% Y/Y to $1.5 million. Product revenues declined 14% Y/Y to $6.51 million, while R&D revenues grew 37.8% Y/Y to…

Benzinga

Tim Hortons, Burger King Parent Clocks Strong Performance In Q1

Restaurant Brands International Inc (NYSE:QSR) (TSX:QSR) reported first-quarter FY22 sales growth of 15.1% year-on-year to $1.45 billion, beating the consensus of $1.41 billion. Comparable Sales for Tim Horton rose 8.4%, Burger King increased 10.3%, and Popeyes Louisiana Kitchen fell 3%. Revenue for Tim Horton's climbed 16.8% Y/Y, Burger King rose 9%, and Popeyes…

Asharq Al-Awsat

Estee Lauder Cuts Annual Sales Forecast on China COVID Curbs, Ukraine Crisis

Estee Lauder Cos Inc cut its full-year sales forecast on Tuesday, as fresh COVID-19 restrictions in China and Russia's invasion of Ukraine dampen demand for the cosmetics maker's luxury products. The company's shares were down 9% in pre-market trading on low volumes. The maker of MAC lipsticks and Bobbi Brown…

Evening Standard

McColl’s suspends shares as rescue talks delay results

The convenience chain store is desperately trying to avoid collapse as supply chain issues, inflation and high debt weigh on the business

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