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The Latest Breaking News from Supply chain

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.

StockNews.com

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

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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…

Benzinga

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…

Asharq Al-Awsat

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

Evening Standard

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SRJ's £73 million takeover of STATS UK falls through

Decision is the result of market volatility caused by underlying macro, geopolitical and supply chain events

Insider UK

US manufacturing gauge unexpectedly falls to lowest since 2020

A measure of U.S. manufacturing activity unexpectedly dropped in April to the lowest level since 2020 as growth in orders, production and employment softened.

Tribune News Service

Is XPeng a Buy at $25?

Chinese electric vehicle (EV) manufacturer XPeng (XPEV) reported a 75% year-over-year increase in its EV sales last month. However, the persisting supply chain issues threaten to disrupt its production capabilities. The stock has declined about 16% over the past month, closing the last session at $24.61. So, will it be…

StockNews.com

Akoustis Registers 83% Revenue Growth In Q3; Adds Another Tier-1 5G Mobile RF Module Customer

Akoustis Technologies, Inc (NASDAQ:AKTS) reported third-quarter FY22 revenue growth of 83% year-on-year (25% Q/Q) to $4.61 million, missing the consensus of $4.70 million. Non-GAAP EPS loss of $(0.27) missed the consensus loss of $(0.22). Akoustis held $55.9 million in cash and equivalents. CEO Jeff Shealy stated, "Despite the persistent macro headwinds presented by…

Benzinga

‘What am I going to do?’: soaring prices fuel calls for US government to step in

Large corporations are passing on higher-than-needed price increases to customers under the cover of inflation, war and supply chain squeezes, experts say

The Guardian - US

RBC Capital, BMO Boost Toromont Industries Price Target

Toromont Industries Ltd (TSX:TIH) (OTC:TMTNF) price target has been raised to C$130 from C$126 by BMO Capital analyst Devin Dodge with an Outperform rating for the shares. Dodge stated that the demand backdrop remains very favorable for Toromont, and they expect activity levels in TIH's territories to gain momentum through 2022. Supply chain challenges tempers…

Benzinga

3 Trucking Stocks to Avoid with Increasing Fears of Oversupply and Recession

Supply chain disruptions have led to rising trucking rates, and those rising rates have been attracting more supply. Furthermore, many analysts expect the economy to suffer a recession due to aggressive interest rate hikes and rising geopolitical tensions. With the possibility of oversupply and recession, we think it could be…

StockNews.com

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Benzinga

CalAmp Shares Soar On Upbeat Q4

CalAmp Corp (NASDAQ:CAMP) reported a fourth-quarter FY22 revenue decline of 16.6% year-on-year to $68.38 million missing the consensus of $68.43 million. Software & Subscription Services revenue rose 18.9% Y/Y to $41.2 million. Total S&SS subscribers were 1.1 million, up 11% Y/Y. Telematics Products revenue declined 42.6% Y/Y to $27.1 million. Due to continuing…

Benzinga

Barnes Slides Post Q1 Results, Surpasses Street Estimates

Barnes Group Inc. (NYSE:B) reported first-quarter FY22 sales growth of 4% year-over-year to $312.4 million, +6% on an organic basis, beating the consensus of $306.63 million. Operating income declined by 3.9% Y/Y to $31.11 million, and the margin was 10% down by 70 bps. Adjusted operating margin was 10.2%, down 50 bps. Industrial…

Benzinga

ResMed's Q3 Earnings Short Of Expectations, Profit Margins Contract

ResMed Inc's (NYSE:RMD) Q3 FY22 sales increased by 12% Y/Y (+14% on a constant currency basis) to $864.5 million, missing the consensus of $897 million. The revenue growth was driven by increased demand for sleep and respiratory care devices and an increased demand following an ongoing recall of rival Koninklijke Philips N.V. (NYSE:PHG) products. ResMed…

Benzinga

US Solar Industry Warns Against Slowdown Due To Tariffs On Solar Panel Imports

The U.S. solar industry cautioned against a significant slowdown in project installations in 2022 triggered by global supply chain disruptions and new U.S. tariffs on panel imports from Southeast Asia, Reuters reports. U.S.' lengthy investigation of the alleged tariff dodging by Chinese panel makers could lead them to implement the tariffs…

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Insider UK

UK Government delays checks on EU goods for a fourth time

Jacob Rees-Mogg claims change would lead to supply chain disruption and costs increasing by 71%

The Guardian - UK

Eurozone faces stagflation as prices surge; Russia cuts interest rates as recession looms – as it happened

Rolling coverage of the latest economic and financial news, including growth figures from across the eurozone

Benzinga

Apple's Q2 Exceeds Expectations Buoyed By Record Services Revenue, Authorizes $90B Stock Buyback

Apple, Inc. (NASDAQ: AAPL) delivered another strong quarter, just ahead of the intensification of supply chain issues due to COVID disruptions in China.

Benzinga

Roku Shares Gain After Q1 Revenue Beat, 1.1M incremental Active Accounts

Roku Inc (NASDAQ:ROKU) reported first-quarter FY22 revenue growth of 28% year-over-year to $733.7 million, beating the consensus of $718.31 million. Platform revenue increased 39% Y/Y to $647 million. In Q1, Roku added 1.1 million incremental Active Accounts to reach 61.3 million; Streaming Hours increased by 1.4 billion hours over the…

RideApart

Harley-Davidson Reports Six-Percent Revenue Increase In Q1 2022

Harley-Davidson posts six percent revenue growth in Q1 2022 despite supply chain challenges and rising production costs.

StockNews.com

3 Stocks to Buy as Supply Chain Issues Keep Improving

Supply chain disruptions are expected to persist for the rest of 2022 owing to extended COVID-19 lockdowns across several parts of China and the Russia-Ukraine war. However, the Global Supply Chain Pressure Index points to an easing in supply chain pressure since December 2021. If the disruptions continue easing, Honda…

Benzinga

Church & Dwight Q1 Earnings Top Estimates; Warns On Inflation Pressures

Church & Dwight Co Inc (NYSE:CHD) reported first-quarter FY22 sales growth of 4.7% year-on-year to $1.297 billion, marginally beating the consensus of $1.290 billion. Organic sales grew 2.7%, driven by a positive product mix and pricing of 7.8%, offset by a volume decline of -5.1%, reflecting the impact of continued supply chain disruption…

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