Wingstop press release ( WING ): Q1 Non-GAAP EPS of $1.18 beats by $0.15 . Revenue of $183.7M (+7.4% Y/Y) misses by $4.06M . Royalty revenue, franchise fees and other increased $8.7 million, of which $12.2 million was due to net new franchise development and $3.4 million related to an increase in vendor rebates, partially offset by a decrease of $5.9 million due to an 8.7% decline in domestic same...
Wingstop press release ( WING ): Q1 Non-GAAP EPS of $1.18 beats by $0.15 . Revenue of $183.7M (+7.4% Y/Y) misses by $4.06M . Royalty revenue, franchise fees and other increased $8.7 million, of which $12.2 million was due to net new franchise development and $3.4 million related to an increase in vendor rebates, partially offset by a decrease of $5.9 million due to an 8.7% decline in domestic same store sales contributed by lower transaction volumes, reflecting continued pressure on consumer spending. Advertising fees increased $1.0 million due to a 5.9% increase in system-wide sales in the first quarter 2026. Company-owned restaurant sales increased $2.9 million due to the six additional corporate stores opened or acquired since the prior year period. 97 net new openings Domestic restaurant AUV of $2.0 million Domestic same store sales decreased 8.7% vs. Q1 2025 Digital sales represented 72.5% of system-wide sales The Company's outlook is dependent on the macro-environment which is inherently difficult to predict given current high levels of uncertainty. The Company is providing updated guidance for 2026: Low-single digit decline in domestic same store sales growth; SG&A of between $146 - $149 million, which includes $3 million of restructuring charges related to corporate realignment; Stock-based compensation expense of approximately $28 million. Additionally, the Company reiterates guidance for 2026: Global unit growth rate of 15% to 16%; Interest expense, net of approximately $43 million; and Depreciation and amortization of approximately $30 million. More on Wingstop Wingstop: The Same-Store Sales Decline Is Priced In, The Recovery Catalysts Are Not Wingstop: Can The Moat Survive The Fried Chicken War? (Rating Downgrade) Wingstop: Losing Patience With Poor Franchisee Performance (Rating Downgrade) Wingstop Q1 2026 Earnings Preview Citi Research sees buying opportunity in Wingstop's selloff as turnaround heats up
tupungato/iStock Editorial via Getty Images Midea Group (OTC: MGCOF ) is a Chinese manufacturing conglomerate known for being one of the largest home appliance manufacturers. On top of that, it is also a leading producer of air conditioners and industrial robots. Midea is also engaged in several other high-growth applications and it is growing rapidly in international markets. Midea’s competitiven...
tupungato/iStock Editorial via Getty Images Midea Group (OTC: MGCOF ) is a Chinese manufacturing conglomerate known for being one of the largest home appliance manufacturers. On top of that, it is also a leading producer of air conditioners and industrial robots. Midea is also engaged in several other high-growth applications and it is growing rapidly in international markets. Midea’s competitiveness is reflected in strong margins, return on equity and continuous growth. Its valuation appears attractive considering its robust balance sheet, strong track record and numerous opportunities. Over the past years Midea’s business has been highly cash generative. Considering the quality of the business Midea’s shares are attractively valued. Returns are supported by high dividend yield and share buybacks. Seven-armed industrial robot Midea is a fairly recent constituent of CSI 300 and Hang Seng indexes that follow companies listed in Chinese mainland and Hong Kong. It has a market capitalization of approximately $86 billion. Midea’s businesses and operations span wide and deep. Geographically, around 57% of the revenue comes from mainland China. It has 65 manufacturing sites, of which 43 are outside of China. The company employs nearly two hundred thousand people. Midea has seven business units. Smart Home segment represents over 65% of the revenue and consists of home appliances, air conditioners and domestic water systems. By volume Midea is the largest manufacturer of residential air conditioners. Intelligent Building Technology is a collection of companies engaged in commercial heating and cooling solutions and elevators. Industrial Technology is a division behind the manufacturing of components such as compressors, motors, chips and motion control. Robotics and Automation includes German industrial robotics brand KUKA that was acquired fully in 2022. Smart Logistics, also called ANNTO, is a provider of warehouse automation. Last but not least, Midea Healthcare and Mid...
primeimages/E+ via Getty Images Hedge fund billionaire Ken Griffin has warned that wealthy investors may not fully grasp the risks of the booming $3.5tn private credit market, particularly the difficulty of accessing their money during a downturn, according to a report by Financial Times. “The real issue here is the liquidity mismatch between the retail investor and the duration of the investments...
primeimages/E+ via Getty Images Hedge fund billionaire Ken Griffin has warned that wealthy investors may not fully grasp the risks of the booming $3.5tn private credit market, particularly the difficulty of accessing their money during a downturn, according to a report by Financial Times. “The real issue here is the liquidity mismatch between the retail investor and the duration of the investments,” the founder of $67bn hedge fund Citadel said in an interview with the FT. The private credit sector has exploded over the past decade as major alternative investment firms including Blackstone, Apollo Global Management, KKR and Ares Management expanded beyond institutional clients to target wealthy individuals with the promise of higher returns. Griffin questioned whether this aggressive push was accompanied by adequate disclosure, asking: “But did the retail investors really understand the nature of the investment they were making?” The hedge fund billionaire pointed to a fundamental mismatch between investor expectations and the reality of these products. “We live in a world where retail investors have become accustomed to having immediate liquidity for their investments . . . investing in private credit is a different story,” Griffin noted, explaining that “semi-liquid” private credit funds only permit periodic withdrawals unlike traditional mutual funds. Cracks are already emerging in the sector, according to Financial Times calculations showing that wealthy investors sought to pull more than $20bn from private credit funds in the first quarter of 2025, of which just over half was permitted under strict withdrawal rules. Blue Owl Capital, which aggressively courted retail investors, has limited withdrawals from its two flagship funds amid billions of dollars in redemption requests. JPMorgan Chase boss Jamie Dimon reinforced these concerns, warning that when the credit cycle turns “it will be worse than people think” given weaker lending standards across the more than...
AM-C/iStock Unreleased via Getty Images Deutsche Bank ( DB ) was trading lower despite reporting higher earnings during the first quarter as provisions jumped at the investment banking unit. Shares were 2.63% lower at $31.11 during pre-market trading on Wednesday. Post-tax profit was up 8% to a quarterly record of €2.2B. The quarter saw net revenues increase 2% year-over-year to €8.67M from €8.52M...
AM-C/iStock Unreleased via Getty Images Deutsche Bank ( DB ) was trading lower despite reporting higher earnings during the first quarter as provisions jumped at the investment banking unit. Shares were 2.63% lower at $31.11 during pre-market trading on Wednesday. Post-tax profit was up 8% to a quarterly record of €2.2B. The quarter saw net revenues increase 2% year-over-year to €8.67M from €8.52M. Earnings per share rose 7% to €1.06. Segment-wise, the private bank unit saw its revenue rise by 5% to €2.57M and asset management by 10% to €802M. The corporate bank segment saw its revenue fall by 3% to €1.82B, while the revenue was unchanged at the investment bank unit at €3.37B. In March, Deutsche Bank CEO Christian Sewing had said that the investment bank's revenue in Q1 will likely be flat year-over-year, with capital market growth offsetting a decline in trading. At the group level, provision for credit losses surged by 10% to €519M. The rise was driven by a 77% rise in provisions at the investment banking unit to €290M. The unit saw its loan loss provisions jump because of a single-name exposure and macro-economic overlay. Another major European bank, Barclays ( BCS ) ( BCLYF ), had reported a similar surge in a one-off charge and impairments on account of its exposure to Market Financial Solutions, a property lender that collapsed earlier this year. BCS was trading lower despite posting a rise in Q1 earnings. For Deutsche, the common equity Tier 1 capital ratio stood at 13.8% at the end of March. For 2026, the German lender said its Q1 revenue provides a solid step-off point for its full-year 2026 revenue ambition of €33B. Provisions for credit losses are expected to see a year-over-year improvement in a normalized environment. More on Deutsche Bank Deutsche Bank Aktiengesellschaft (DB) Presents at European Financials Conference 2026 Transcript Deutsche Bank: Recent Pullback Provides A Buying Opportunity Deutsche Bank: A Bullish Refocus On European Banks Emerges ...
Welcome to our guide to the commodities driving the global economy. Today, OPEC reporter Grant Smith explores the rationale behind Abu Dhabi’s surprise decision to leave the organization after 60 years. The story of the UAE’s shock exit from OPEC is ultimately about the twilight of the oil age. On the surface, the decision by the United Arab Emirates to leave the organization appears to be a matte...
Welcome to our guide to the commodities driving the global economy. Today, OPEC reporter Grant Smith explores the rationale behind Abu Dhabi’s surprise decision to leave the organization after 60 years. The story of the UAE’s shock exit from OPEC is ultimately about the twilight of the oil age. On the surface, the decision by the United Arab Emirates to leave the organization appears to be a matter of frustration with group leader Saudi Arabia. For much of this decade, Abu Dhabi’s impatience to use new oil-production capacity it’s built up has brought the country into conflict with Riyadh, which urged supply restraint to defend prices. But during the past year, the Saudis have also embraced a much looser stance on output, steering OPEC and its allies to swiftly bring back idled barrels. The question, then, becomes why the UAE is in such a hurry to slip the confines of the Organization of the Petroleum Exporting Countries. Its public announcement of the departure offers clues, such as allusions to a “new energy age.” One person familiar with the country’s policymaking said it’s pursuing a strategy to optimize the use of abundant resources while the energy transition gathers pace. Put more simply, the UAE feels an urgency to pump as much oil as possible before the world’s pivot away from fossil fuels erodes consumption. To be sure, that’s not exactly the official line. In its statement, Abu Dhabi pointed to “sustained growth in global energy demand.” The organization it’s just left insists that oil consumption will keep rising until at least the middle of the century . But views among the wider industry suggest a much more imminent demand plateau, perhaps within the next decade. Predictions have been pushed back recently. The difficulty of hitting climate targets and the necessity of ensuring supplies amid conflicts such as Russia’s war on Ukraine focused minds on energy security. Yet the mere suggestion of a peak on the horizon, whatever the date, undermines OPEC’s c...
The European Commission’s plan to curb some duty-free sugar imports to bolster prices is pitting beet growers against cane refiners and multinational food giants, in a dispute that risks undermining the region’s competitiveness. The European Union’s executive arm is proposing temporarily suspending the EU’s so-called inward processing regime due to concern that the mechanism — allowing companies t...
The European Commission’s plan to curb some duty-free sugar imports to bolster prices is pitting beet growers against cane refiners and multinational food giants, in a dispute that risks undermining the region’s competitiveness. The European Union’s executive arm is proposing temporarily suspending the EU’s so-called inward processing regime due to concern that the mechanism — allowing companies to import sugar duty-free so long as it’s re-exported after being processed — is being abused. On Thursday, members states are set to vote on a one-year suspension that would take force on May 27, according to an EU official. Beet growers and processors say there’s a mismatch between the roughly 700,000 tons of sugar imported under the regime and what’s later re-exported from the 27-nation bloc. European farmers hope that suspending those imports — even though they only account for about 5% of total EU sugar consumption — would support prices. But sugar cane refiners and lobby groups representing food makers from Mars Inc. to Coca-Cola Co. warn that blocking such supplies could make European goods pricier, forcing some manufacturers to move elsewhere. “It’s posing some questions on where do we manufacture longer term,” Katie Whalen, global head of sugar sourcing at Mars, said at the S&P Global Commodity Insights Geneva Sugar Conference last week. “Do we put that manufacturing closer to where the consumption is growing or do we continue to leave that in the EU.” The clash reflects a long-running conflict between two parts of the sugar industry: the beet growers in countries such as France, Germany and Poland who are struggling with higher input costs and faltering local consumption, versus the refiners that import raw sugar from cane producers like Brazil. The regime also helps European manufacturers, particularly in sectors such as confectionery and soft drinks, to compete internationally despite higher domestic sugar costs. Removing it, they warn, risks pushing production a...
Parsons (PSN) delivered earnings and revenue surprises of +12.86% and -0.55%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Parsons (PSN) delivered earnings and revenue surprises of +12.86% and -0.55%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Regeneron (REGN) delivered earnings and revenue surprises of +11.18% and +4.88%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Regeneron (REGN) delivered earnings and revenue surprises of +11.18% and +4.88%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Humana (HUM) delivered earnings and revenue surprises of +3.46% and +0.51%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Humana (HUM) delivered earnings and revenue surprises of +3.46% and +0.51%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Prosperity Bancshares (PB) delivered earnings and revenue surprises of +6.23% and +4.17%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Prosperity Bancshares (PB) delivered earnings and revenue surprises of +6.23% and +4.17%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
TPG Mortgage Investment Trust (MITT) delivered earnings and revenue surprises of +4.00% and -1.70%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
TPG Mortgage Investment Trust (MITT) delivered earnings and revenue surprises of +4.00% and -1.70%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
LXP Industrial (LXP) delivered FFO and revenue surprises of -1.24% and -0.48%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
LXP Industrial (LXP) delivered FFO and revenue surprises of -1.24% and -0.48%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
JHVEPhoto/iStock Editorial via Getty Images Teva Pharmaceutical ( TEVA ) added ~6% in the premarket on Wednesday after the generic drugmaker exceeded Street forecasts with its Q1 2026 financials but lowered its full-year earnings outlook, citing a charge attributed to its latest buyout target, Emalex Biosciences. Earlier in the day, Teva ( TEVA ) announced a deal worth up to $900M to acquire Emale...
JHVEPhoto/iStock Editorial via Getty Images Teva Pharmaceutical ( TEVA ) added ~6% in the premarket on Wednesday after the generic drugmaker exceeded Street forecasts with its Q1 2026 financials but lowered its full-year earnings outlook, citing a charge attributed to its latest buyout target, Emalex Biosciences. Earlier in the day, Teva ( TEVA ) announced a deal worth up to $900M to acquire Emalex, a Chicago, Illinois-based biotech, and its lead candidate, ecopipam, designed as a treatment for certain central nervous system disorders. The selective dopamine D1 receptor antagonist has completed a late-stage trial for a neurodevelopmental disorder called pediatric Tourette syndrome successfully. Under the deal, expected to close by Q3 2026, Emalex shareholders will receive $700M upfront and up to $200M in payments based on commercial milestones in addition to royalties on global net sales of ecopipam. Teva ( TEVA ) projects the transaction to lower its previously announced 2026 non-GAAP EPS outlook of $2.57 - $2.77 by $0.66 to $1.91 - $2.11, compared to $2.68 in the consensus. However, the company maintained its 2026 revenue outlook of $16.4B - $16.8B, in line with Street forecasts of $16.50B. As for Q1 financials, the Israeli drugmaker reported $4B in revenue with ~3% YoY growth, beating Street forecasts by $210M as sales from its movement disorder therapy, Austedo, jumped ~41% YoY to $578M in the U.S. and internationally. However, its revenue from its generic products fell globally, with U.S. and international sales for the segment declining ~28% YoY and ~18%, respectively, to $612M and $386M, while generic sales in Europe rose ~ 10% YoY to $1.1B. More on Teva Pharmaceutical Teva: The Market Is Pricing The Past, Not The Pipeline - Initiating Buy Teva: Shedding The Generics Skin To Reveal A Fairly Priced, Branded Powerhouse Teva Pharmaceutical Industries Limited (TEVA) Presents at Barclays 28th Annual Global Healthcare Conference Transcript Teva Pharmaceutical beats...
hatchapong/iStock Editorial via Getty Images In the last five years, Visa ( V ) gained 36%, underperforming the S&P 500’s (I V V) gain of 58% . The credit card giant also underperformed the market since 2024 by around 10% . Back then, the firm’s stock bounced back from a Department of Justice lawsuit. V stock peaked at around $375.51 and fell below $300. The stock will trade at around $320 after p...
hatchapong/iStock Editorial via Getty Images In the last five years, Visa ( V ) gained 36%, underperforming the S&P 500’s (I V V) gain of 58% . The credit card giant also underperformed the market since 2024 by around 10% . Back then, the firm’s stock bounced back from a Department of Justice lawsuit. V stock peaked at around $375.51 and fell below $300. The stock will trade at around $320 after posting fiscal second-quarter results that beat both earnings and revenue expectations. What did investors like about the company’s results? Growth in the Second Quarter of 2026 Visa posted GAAP net income of $6.0 billion, or $3.14 per share . Revenue jumped by 17% to $11.2 billion. Chief Executive Officer Ryan McInerney attributed the strong results to resilient consumer spending. Additionally, the company’s strategy and innovation lifted its consumer payments, commercial, value-added services, and money movement solutions. From its Q2 results presentation , total U.S. payment volume growth rose through April 21, 2026 (left, below). Debit transactions jumped from 6% in March to over 8% this month. That helped minimize the recent monthly drop in processed transactions growth in the last month. Visa Although card present and card not present travel volume fell recently, CNP excluding travel (and excluding Intra-EU) rose: Visa The markets may have potentially punished Visa stock on worries that boycotting American goods and tourism would hurt credit card activity. However, operational performance from cross-border volume demonstrated strength. Total growth topped 21% in the quarter, compared to the 18% growth over the last 12 months. Visa Reconciliation of GAAP to Non-GAAP Measures The litigation provision of $311 million is the biggest item on the non-GAAP results. It added $0.13 to the non-GAAP EPS, after the $69 million income tax provision. Visa Although expenses increased, net revenue growth more than offset those figures. Still, the company increased expenses in personne...
TORONTO, April 29, 2026 (GLOBE NEWSWIRE) -- Celestica Inc. (NYSE: CLS) (TSX: CLS), a global leader in data center infrastructure and advanced technology solutions, today announced its DS6000-series 1.6TbE switches are available for order to initial customers. This milestone signals the platform’s transition from development to ready-to-order status, providing the critical backbone for the next gen...
TORONTO, April 29, 2026 (GLOBE NEWSWIRE) -- Celestica Inc. (NYSE: CLS) (TSX: CLS), a global leader in data center infrastructure and advanced technology solutions, today announced its DS6000-series 1.6TbE switches are available for order to initial customers. This milestone signals the platform’s transition from development to ready-to-order status, providing the critical backbone for the next generation of generative AI and machine learning infrastructure. The DS6000-series is available in two
Gabe Plotkin Plans ETF Comeback After Melvin Capital Collapse After closing his hedge fund in the aftermath of the meme-stock upheaval, Gabe Plotkin is exploring a new investment structure, according to Bloomberg . He’s looking to place a portion of his personal holdings into an exchange-traded fund, using a method that has become increasingly attractive for wealthy investors seeking to postpone c...
Gabe Plotkin Plans ETF Comeback After Melvin Capital Collapse After closing his hedge fund in the aftermath of the meme-stock upheaval, Gabe Plotkin is exploring a new investment structure, according to Bloomberg . He’s looking to place a portion of his personal holdings into an exchange-traded fund, using a method that has become increasingly attractive for wealthy investors seeking to postpone capital gains taxes. As co-chair of the Charlotte Hornets, Plotkin is expected to contribute most of the starting assets for a proposed vehicle called the Snowball ETF, according to people familiar with the plans. The fund—initially filed late last year—would be built through a “351 conversion,” a mechanism that allows an existing basket of investments to be transferred into an ETF format. This approach has gained popularity because it can offer tax deferral along with the flexibility and liquidity associated with ETFs. Bloomberg reports that he first drew widespread attention during the 2021 retail-trading frenzy, when his firm, Melvin Capital Management, suffered major losses from bets against so-called meme stocks. Retail investors, many coordinating online during the pandemic, pushed up shares of companies like GameStop Corp. and AMC Entertainment Holdings Inc.—positions Melvin had expected to fall. The resulting losses forced the closure of a fund that had once managed roughly $13 billion and delivered strong returns for years. Plotkin resurfaced in the news again in 2023 when he helped lead the purchase of Michael Jordan’s majority stake in the Hornets. The strategy behind the new ETF relies on a provision in the tax code—Section 351—that allows investors to contribute appreciated assets without immediately triggering taxes. Once inside the ETF, those holdings can be rebalanced more efficiently, potentially reducing future tax burdens while also benefiting from the tradability of the ETF structure. Some of the assets expected to seed the Snowball ETF reportedly carry u...
Amid the US far right’s hijacking of Christianity and his very public row with Trump, Pope Leo XIV’s visit is symbolic of the ‘growing centrality of Africa and its Black diaspora’ • Don’t get The Long Wave delivered to your inbox? Sign up here Almost a year after his election, Pope Leo XIV made his first visit to Africa, the longest international trip of his tenure so far. The visit is heavy with ...
Amid the US far right’s hijacking of Christianity and his very public row with Trump, Pope Leo XIV’s visit is symbolic of the ‘growing centrality of Africa and its Black diaspora’ • Don’t get The Long Wave delivered to your inbox? Sign up here Almost a year after his election, Pope Leo XIV made his first visit to Africa, the longest international trip of his tenure so far. The visit is heavy with symbolism at a time of global unsettlement, one during which the stature and importance of the pope extends far beyond the church. I spoke with Father Ambroise Tine, formerly secretary general of Caritas Senegal, and currently of the diocese of Thiès in Senegal, about the significance of the papal visit. Continue reading...
Oil futures rallied further Wednesday, with the key contract nearing its highs reached in the early days of the Iran war with little progress made on getting oil tankers through the Strait of Hormuz.
Oil futures rallied further Wednesday, with the key contract nearing its highs reached in the early days of the Iran war with little progress made on getting oil tankers through the Strait of Hormuz.
A developer has created a method to get Linux running on some versions of Sony's PlayStation 5 console. Andy Nguyen previously showed off a ported version of Ubuntu running PC games on a PS5 last month, and he's now published the installation steps on GitHub this week. This is a soft mod, so it won't persist between power downs or restarts, but the Linux installation will let you play PC games onc...
A developer has created a method to get Linux running on some versions of Sony's PlayStation 5 console. Andy Nguyen previously showed off a ported version of Ubuntu running PC games on a PS5 last month, and he's now published the installation steps on GitHub this week. This is a soft mod, so it won't persist between power downs or restarts, but the Linux installation will let you play PC games once it's up and running. So far we've seen GTA V running with enhanced ray tracing at 60fps in Ubuntu on a PS5, as well as Spider-Man running at 1440p resolution and 60fps. Nguyen is relying on a patched vulnerability to transform a PS5 into a Linux … Read the full story at The Verge.