Kraft Heinz press release ( KHC ): Q1 Non-GAAP EPS of $0.58 beats by $0.08 . Revenue of $6.05B (+0.8% Y/Y) beats by $170M . For fiscal year 2026, the Company is reaffirming its outlook. The Company continues to expect: Organic Net Sales down 1.5 percent to down 3.5 percent versus the prior year. This includes an approximate 100 basis point impact from incremental SNAP headwinds. Adjusted EPS in th...
Kraft Heinz press release ( KHC ): Q1 Non-GAAP EPS of $0.58 beats by $0.08 . Revenue of $6.05B (+0.8% Y/Y) beats by $170M . For fiscal year 2026, the Company is reaffirming its outlook. The Company continues to expect: Organic Net Sales down 1.5 percent to down 3.5 percent versus the prior year. This includes an approximate 100 basis point impact from incremental SNAP headwinds. Adjusted EPS in the range of $1.98 to $2.10 vs $2.04 consensus. The Company now expects an effective tax rate on Adjusted EPS to be approximately 25 percent. Additionally, the Company now expects interest expense to be approximately $920 million and other expense/(income) to be approximately $200 million of income for the full year. Shares +2.8% PM. More on Kraft Heinz Kraft Heinz: No Growth, Consumer Headwinds, And Depleting Margins Kraft Heinz: It Only Needs To Get Less Bad Kraft Heinz Vs. Mondelez: Same Roots, Diverging Trajectories Kraft Heinz Q1 preview: What to expect ahead of earnings Reading the tea leaves on Berkshire's view on Kraft Heinz
(Bloomberg) -- This earnings season has delivered plenty of good news for the artificial intelligence trade, but instead of bidding up Nvidia Corp. shares, investors have been dumping them.Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysUS Says Offensive Phase of Iran War Over as Ship Hit in StraitAnthropic Unveils AI Agents to Field Financial Services TasksTrum...
(Bloomberg) -- This earnings season has delivered plenty of good news for the artificial intelligence trade, but instead of bidding up Nvidia Corp. shares, investors have been dumping them.Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysUS Says Offensive Phase of Iran War Over as Ship Hit in StraitAnthropic Unveils AI Agents to Field Financial Services TasksTrump Pauses Plan to Guide Ships While Seeking Iran DealWhite House Weighs AI Working Group, Model Testi
Steven Madden press release ( SHOO ): Q1 Non-GAAP EPS of $0.45 beats by $0.08 . Revenue of $653.1M (+18.0% Y/Y) beats by $3.06M . Updated Fiscal 2026 Outlook The Company is raising its fiscal 2026 revenue guidance and introducing fiscal 2026 diluted earnings per share guidance. The Company now expects fiscal 2026 revenue will increase 10% to 12% compared to fiscal 2025 (prior increase 9% to 11%) v...
Steven Madden press release ( SHOO ): Q1 Non-GAAP EPS of $0.45 beats by $0.08 . Revenue of $653.1M (+18.0% Y/Y) beats by $3.06M . Updated Fiscal 2026 Outlook The Company is raising its fiscal 2026 revenue guidance and introducing fiscal 2026 diluted earnings per share guidance. The Company now expects fiscal 2026 revenue will increase 10% to 12% compared to fiscal 2025 (prior increase 9% to 11%) vs. estimated growth of 11.24%Y/Y . The Company expects fiscal 2026 diluted EPS will be in the range of $2.55 to $2.65. The Company expects Adjusted diluted EPS will be in the range of $2.00 to $2.10 vs. $2.11 consensus . More on Steven Madden Steven Madden Wants To Return To Organic Growth, And Pricing Remains Aggressive Steven Madden, Ltd. (SHOO) Q4 2025 Earnings Call Transcript Steven Madden Q1 2026 Earnings Preview Steven Madden faces weak Q1, but guidance could blunt share pressure—Citi Research Seeking Alpha’s Quant Rating on Steven Madden
ronniechua/iStock via Getty Images Oil prices continued to slide on Wednesday, dropping to their lowest levels in about two weeks after a report indicated the United States may be nearing a preliminary agreement with Iran aimed at ending the conflict. Brent crude ( CO1:COM ) was down 6.1% to $103.16 a barrel, after earlier touching its weakest level in nearly two weeks. U.S. West Texas Intermediat...
ronniechua/iStock via Getty Images Oil prices continued to slide on Wednesday, dropping to their lowest levels in about two weeks after a report indicated the United States may be nearing a preliminary agreement with Iran aimed at ending the conflict. Brent crude ( CO1:COM ) was down 6.1% to $103.16 a barrel, after earlier touching its weakest level in nearly two weeks. U.S. West Texas Intermediate ( CL1:COM ) fell 6.6% to $95.49. Both benchmarks were headed for their steepest single-day declines, in both percentage and dollar terms, since mid-April. The losses follow a roughly 4% drop in the prior session. According to Axios, U.S. officials expect feedback from Iran within the next 48 hours on several outstanding issues tied to a potential framework agreement. While no deal has been finalized, the report said negotiations appear closer to a breakthrough than at any point since hostilities began. Iran has previously said it would only agree to terms it considers fair and comprehensive. Geopolitical developments in the Strait of Hormuz have played a central role in recent price swings. The U.S. military said earlier this week it had destroyed several Iranian vessels while assisting ships attempting to leave the waterway, a critical chokepoint for global oil shipments. Disruptions to maritime traffic since the conflict began in February have constrained supply, helping drive Brent prices to their highest level since March 2022 last week. The limited flow through the strait has also contributed to declining global fuel inventories, as refiners draw down stockpiles to offset reduced production. In the United States, crude inventories fell for a third consecutive week, according to market sources citing data from the American Petroleum Institute. Stockpiles dropped by 8.1 million barrels in the week ended May 1. Gasoline inventories declined by 6.1 million barrels, while distillate supplies fell by 4.6 million barrels. Official inventory figures from the Energy Informati...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Spotify . Getty Images Good morning! Here's the latest in trending: Project Freedom: Trump pauses the U.S. effort to help ships exit the Strait of Hormuz to see if a deal can be reached with Iran . Stellar results: AMD ( AMD ) soars as strong AI infrastructure demand pushes earning...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Spotify . Getty Images Good morning! Here's the latest in trending: Project Freedom: Trump pauses the U.S. effort to help ships exit the Strait of Hormuz to see if a deal can be reached with Iran . Stellar results: AMD ( AMD ) soars as strong AI infrastructure demand pushes earnings and guidance above Street forecasts . AI updates: Anthropic ( ANTHRO ) unveils 10 AI agents for financial services , and inks a $200B pact with Google ( GOOGL ). AI chip rally South Korea's benchmark stock index has crossed the 7,000-point mark for the first time ever, led by chip giant Samsung Electronics ( SSNLF ). Investor sentiment was lifted by the global AI-driven chip rally a day ago and strong economic data released on Monday. Record high: The KOSPI index closed 6.5% higher at 7,384.56 on Wednesday, paring some gains after reaching a record intraday high of 7,426.60. The index's top gainers were Samsung, whose Seoul-listed shares rose over 14% , and Nvidia supplier SK hynix, which gained about 11% . Samsung's market cap also surpassed $1T, making it the second Asian company to join the trillion-dollar club after Taiwan Semiconductor ( TSM ). KOSPI's latest rally added to Monday's gains, which were fueled by strong manufacturing activity and exports due to AI-driven chip demand. The stock market was closed on Tuesday. The index gained 71% YTD, and is up about 187% over the past year. To note, KOSPI rose 76% in 2025, which was its best annual performance since 1999. Bigger picture: "If the demand for AI chips continues at this level, KOSPI could reach 10,000 points by the end of this year," Seo Sang-young, analyst at Mirae Asset Securities, told Reuters . "But if the demand collapses with worries over inflation and weak growth due to the Iran war, it could plummet to as low as 4,500." Inflation in South Korea accelerated in April , but government measures like fo...
Global Payments press release ( GPN ): Q1 Non-GAAP EPS of $2.96 beats by $0.15 . Revenue of $2.86B (+29.4% Y/Y) beats by $40M . Whipple continued, “For the full year 2026, we continue to expect normalized , constant currency adjusted vs. $13.73 consensuset revenue growth of approximately 5% and adjusted earnings per share of $13.80 to $14.00. We continue to expect normalized 1 adjusted operating m...
Global Payments press release ( GPN ): Q1 Non-GAAP EPS of $2.96 beats by $0.15 . Revenue of $2.86B (+29.4% Y/Y) beats by $40M . Whipple continued, “For the full year 2026, we continue to expect normalized , constant currency adjusted vs. $13.73 consensuset revenue growth of approximately 5% and adjusted earnings per share of $13.80 to $14.00. We continue to expect normalized 1 adjusted operating margin expansion of approximately 150 basis points for the full year 2026.” Shares +2% PM. More on Global Payments Global Payments: Cheap For A Reason Or Turnaround In The Making? Global Payments: Significantly Undervalued But Affected By The Persian Gulf Conflict Shift4 Vs. Global Payments: Which Is The Better Recovery Play? Global Payments Q1 2026 Earnings Preview Raymond James downgrades Fiserv, Global Payments, Shift4 Payments
As photography became mainstream in the mid-20th century, a group of Princeton teachers helped solidify art photography as a movement. The work and lives of Minor White, Aaron Siskind, Harry Callahan and other photographers is celebrated in a new exhibition. Photography as a Way of Life is on display at the Princeton University Art Museum until 7 September Continue reading...
As photography became mainstream in the mid-20th century, a group of Princeton teachers helped solidify art photography as a movement. The work and lives of Minor White, Aaron Siskind, Harry Callahan and other photographers is celebrated in a new exhibition. Photography as a Way of Life is on display at the Princeton University Art Museum until 7 September Continue reading...
The leader of the Green party has faced antisemitic attacks, and yet his thoughts on the subject don’t count as far as the rightwing UK press is concerned The surge of the Green party has emphasised an iron rule of British politics: those on the left cannot be treated as legitimate political actors. A case in point came at the weekend, when the Green party leader, Zack Polanski, was interviewed by...
The leader of the Green party has faced antisemitic attacks, and yet his thoughts on the subject don’t count as far as the rightwing UK press is concerned The surge of the Green party has emphasised an iron rule of British politics: those on the left cannot be treated as legitimate political actors. A case in point came at the weekend, when the Green party leader, Zack Polanski, was interviewed by Sky News’ Trevor Phillips, who barely concealed his contempt. Two weeks ago, in an interview with Haaretz newspaper , Polanski was asked what the Green party’s response was to the recent wave of attacks against Jewish sites in the UK. His response : “I’m concerned about rising antisemitic attacks. We saw arson attacks on ambulances, for instance, and we know that, increasingly, Jewish communities are feeling unsafe. Now, there’s a conversation to be had about whether it’s a perception of unsafety [sic] or whether it’s actual unsafety [sic], but neither are acceptable.” Owen Jones is a Guardian columnist Continue reading...
It is feared soft-power politics and a $240m war-chest could leave Samoa and Tonga uniquely vulnerable There’s a new war in the Pacific brewing, with the Super Rugby side Moana Pasifika collapsing and rugby league on a new signing spree in union’s traditional heartlands. The conflict spells trouble for Rugby Australia (RA), whose federal government is funding a $600m NRL franchise in Papua New Gui...
It is feared soft-power politics and a $240m war-chest could leave Samoa and Tonga uniquely vulnerable There’s a new war in the Pacific brewing, with the Super Rugby side Moana Pasifika collapsing and rugby league on a new signing spree in union’s traditional heartlands. The conflict spells trouble for Rugby Australia (RA), whose federal government is funding a $600m NRL franchise in Papua New Guinea, $240m of which will go into poaching talent and creating pathways throughout Fiji, Tonga, Samoa and the Cook Islands. Continue reading...
After his party’s stunning conquest of West Bengal, Narendra Modi stands at a juncture that would have seemed implausible mere months ago. The prime minister who lost his parliamentary majority in 2024, briefly inviting talk of a weakened leader, now controls roughly 70 per cent of India’s state legislatures through his ruling coalition, the National Democratic Alliance. The Bharatiya Janata Party...
After his party’s stunning conquest of West Bengal, Narendra Modi stands at a juncture that would have seemed implausible mere months ago. The prime minister who lost his parliamentary majority in 2024, briefly inviting talk of a weakened leader, now controls roughly 70 per cent of India’s state legislatures through his ruling coalition, the National Democratic Alliance. The Bharatiya Janata Party’s (BJP) sweep of West Bengal, winning 207 of 294 assembly seats and ending three consecutive terms...