Copart press release ( CPRT ): Q3 GAAP EPS of $0.43 beats by $0.02 . Revenue of $1.24B (+3.3% Y/Y) beats by $40M . More on Copart Copart: A Wide-Moat Compounder Trading At Discount Copart: A Wonderful Company At A Wonderful Price Copart: A Valuation Derating Has Made It A Buy (Rating Upgrade) Copart Q3 2026 Earnings Preview Nasdaq enters correction; oversold stocks in focus amid Middle East tensio...
Copart press release ( CPRT ): Q3 GAAP EPS of $0.43 beats by $0.02 . Revenue of $1.24B (+3.3% Y/Y) beats by $40M . More on Copart Copart: A Wide-Moat Compounder Trading At Discount Copart: A Wonderful Company At A Wonderful Price Copart: A Valuation Derating Has Made It A Buy (Rating Upgrade) Copart Q3 2026 Earnings Preview Nasdaq enters correction; oversold stocks in focus amid Middle East tensions
Canada will require streaming giants such as Netflix Inc. and Spotify Technology SA to spend 15% of their domestic annual revenues on Canadian content, moving ahead with a law that’s been identified as a trade irritant by the US Trade Representative . The Canadian Radio-television and Telecommunications Commission announced new regulations for the country’s Online Streaming Act, which brings globa...
Canada will require streaming giants such as Netflix Inc. and Spotify Technology SA to spend 15% of their domestic annual revenues on Canadian content, moving ahead with a law that’s been identified as a trade irritant by the US Trade Representative . The Canadian Radio-television and Telecommunications Commission announced new regulations for the country’s Online Streaming Act, which brings global streaming platforms under domestic broadcasting rules, including a requirement to pay into funds that support Canadian content. The rules unveiled on Thursday seek “to ensure traditional and online broadcasters contribute to the creation of Canadian and Indigenous content in an equitable way that reflects their size and business models,” the federal broadcast regulator said in a news release. Traditional broadcasters must contribute 25% of their domestic annual revenues to Canadian content, down from the current requirement range of 30% to 45%. Meanwhile, online broadcasters, which refers to streaming platforms, will have to contribute 15%, up from the 5% base contribution they were previously required to make. More than half of the contributions streamers will have to make can be made directly through content, while some will go toward funds. The regulator also set out rules on the discoverability of Canadian content on platforms. In a report last month, US Trade Representative Jamieson Greer ’s office again cited Canada’s laws about online platforms as trade barriers . Global streaming giants have been fighting the new law, and were able to obtain a temporary pause on the 5% contribution requirement from the Federal Court of Appeal in December 2024.
Estee Lauder Cos. and Spanish company Puig Brands SA said Thursday that they have walked away from a multibillion-dollar deal that would have created one of the world’s largest beauty businesses. The two companies had confirmed talks of a potential business combination in March without disclosing any terms.
Estee Lauder Cos. and Spanish company Puig Brands SA said Thursday that they have walked away from a multibillion-dollar deal that would have created one of the world’s largest beauty businesses. The two companies had confirmed talks of a potential business combination in March without disclosing any terms.
Earnings Call Insights: Hovnanian Enterprises (HOV) Q2 fiscal 2026 Management view "Despite a continued choppy demand environment, we delivered solid execution coming in at or above nearly all of our targeted metrics, including a meaningful outperformance in our adjusted gross margin." (CEO & Chairman Ara Hovnanian) "We generated total revenues of $668 million" and "our adjusted gross margin was 1...
Earnings Call Insights: Hovnanian Enterprises (HOV) Q2 fiscal 2026 Management view "Despite a continued choppy demand environment, we delivered solid execution coming in at or above nearly all of our targeted metrics, including a meaningful outperformance in our adjusted gross margin." (CEO & Chairman Ara Hovnanian) "We generated total revenues of $668 million" and "our adjusted gross margin was 14.3% for the quarter" while "our SG&A came in at 12.6%." (CEO & Chairman Hovnanian) "This quarter, incentives represented 11.9% of our average sales price" and "this represented a 70 basis point decline and marks the first time in nearly two years that incentive levels have decreased sequentially." (CEO & Chairman Hovnanian) "Our month-to-date contracts in May were up 12% versus the prior year, which would represent an increased trend if it holds through the end of the month." (CEO & Chairman Hovnanian) "We ended the second quarter with $442 million in liquidity" after "spending $232 million on land and land development and $10 million on stock repurchases." (CFO Brad O'Connor) "Net debt to capital is now 43.1%" and "we remain on track toward our 30% net debt to capital target." (CFO O'Connor) Outlook "We are providing financial guidance for the next quarter only." (CFO O'Connor) "We expect total revenues between $650 million and $750 million" and "adjusted gross margin is expected to be in the range of 14% to 15%." (CFO O'Connor) "We expect SG&A as a percentage of total revenues to be between 12.5% and 13.5%" and "our guidance for adjusted EBITDA is between $30 million and $40 million." (CFO O'Connor) "Our expectation for adjusted pretax income for the third quarter is between breakeven and $10 million" and "we anticipate a rebound in adjusted pretax income during the fourth quarter of fiscal '26." (CFO O'Connor) "It's very difficult to provide meaningful visibility beyond the next quarter." (CEO & Chairman Hovnanian) Financial results "Our unconsolidated joint ventures co...
Cavco press release ( CVCO ): Q4 GAAP EPS of $5.42 beats by $0.16 . Revenue of $550.12M (+8.2% Y/Y) misses by $20.94M . More on Cavco Cavco Industries: Declining Backlog And Challenging Market Conditions Worry Me (Downgrade) Homebuilding stocks surge after House passes amended housing bill Seeking Alpha’s Quant Rating on Cavco Historical earnings data for Cavco Financial information for Cavco
Cavco press release ( CVCO ): Q4 GAAP EPS of $5.42 beats by $0.16 . Revenue of $550.12M (+8.2% Y/Y) misses by $20.94M . More on Cavco Cavco Industries: Declining Backlog And Challenging Market Conditions Worry Me (Downgrade) Homebuilding stocks surge after House passes amended housing bill Seeking Alpha’s Quant Rating on Cavco Historical earnings data for Cavco Financial information for Cavco
Deckers Outdoor press release ( DECK ): Q4 GAAP EPS of $0.96 beats by $0.13 . Revenue of $1.12B (+9.8% Y/Y) beats by $30M . Full Year FY 2026 Revenue Increased 10% to a Record $5.47 Billion Full Year FY 2026 Diluted EPS Increased 11% to a Record $7.02 Full Fiscal Year 2027 Outlook for the Twelve Month Period Ending March 31, 2027 Net consolidated sales are expected to be in the range of $5.86 bill...
Deckers Outdoor press release ( DECK ): Q4 GAAP EPS of $0.96 beats by $0.13 . Revenue of $1.12B (+9.8% Y/Y) beats by $30M . Full Year FY 2026 Revenue Increased 10% to a Record $5.47 Billion Full Year FY 2026 Diluted EPS Increased 11% to a Record $7.02 Full Fiscal Year 2027 Outlook for the Twelve Month Period Ending March 31, 2027 Net consolidated sales are expected to be in the range of $5.86 billion to $5.91 billion vs. consensus revenue of $5.82B HOKA is expected to increase by a low-double-digit percentage versus last year. UGG is expected to increase by a mid-single-digit percentage versus last year. Gross margin is expected to be approximately 56.5%. SG&A expenses as a percentage of net sales are expected to be approximately 35%. Operating margin is expected to be approximately 21.5%. The effective tax rate is expected to be approximately 23%. Diluted earnings per share are expected to be in the range of $7.30 to $7.45 vs. consensus of $7.34. The earnings per share guidance assumes the repurchase of shares with a value equal to approximately 80% of the projected fiscal year 2027 free cash flow. More on Deckers Outdoor Deckers: As Hoka Turns The Corner, So Can The Stock Deckers: Material Improvement Since Last Hold, But Q4 Could Be The Proving Ground Deckers Brands attracts an upgrade from Piper Sandler ahead of earnings Deckers brings back the pandemic favorite UGG Fluff Yeah line Seeking Alpha’s Quant Rating on Deckers Outdoor
July NY world sugar #11 (SBN26) on Thursday closed up +0.17 (+1.15%), and Aug London ICE white sugar #5 (SWQ26) closed up +4.00 (+0.91%). Sugar prices rallied on Thursday amid growing worries that dry weather from an El Niño weather event could disrupt global sugar production. The emergence of an El Niño is likely to curb rainfall in Brazil, India, and Thailand, the world's three largest sugar-pro...
July NY world sugar #11 (SBN26) on Thursday closed up +0.17 (+1.15%), and Aug London ICE white sugar #5 (SWQ26) closed up +4.00 (+0.91%). Sugar prices rallied on Thursday amid growing worries that dry weather from an El Niño weather event could disrupt global sugar production. The emergence of an El Niño is likely to curb rainfall in Brazil, India, and Thailand, the world's three largest sugar-producing regions. The US National Oceanic and Atmospheric Administration (NOAA) estimates a 82% probability that El Niño conditions will emerge between May and July and persist through the end of the year, with a 67% chance of a "Super El Niño." Don’t Miss a Day: On Monday, sugar prices fell to 1.5-week lows after the ISO forecast a record global sugar crop for the 2025/26 season and raised its global surplus estimate. The ISO forecasts 2025/26 global sugar production at a record 182 MMT, up +3.5% y/y, and raised its 2025/26 global sugar surplus estimate to 2.2 MMT from a February forecast of 1.22 MMT, rebounding from a -3.46 MMT deficit in 2024-25. Strength in sugar exports from Thailand, the world's second-largest sugar exporter, is bearish for prices. Thailand's 2026 sugar exports Jan-Apr are up +29% y/y at 1.6 MMT. Sugar prices have support on projections from the International Sugar Organization (ISO) that 2026/27 global sugar production will fall -1.15 y/y to 180 MMT, and that there will be a global sugar deficit of 262,000 MT, citing the potential impact of an El Niño weather pattern on harvests in India and Thailand. Last Monday, Citigroup projected Brazil's 2026/27 sugar production at 39.50 MMT, well below Conab's estimate of 43.95 MMT, citing Brazilian sugar mills' allocation of more sugarcane to ethanol production amid soaring gasoline prices. Also, Citigroup said a potentially strong El Niño weather pattern this year could have "a significant impact" on sugar production in India and Thailand over the next 6 to 12 months. Sugar prices are also supported by India's ...