JHVEPhoto The Kraft Heinz Company ( KHC ) reported a 0.8% increase in revenue during Q1 to $6.05B. Organic sales fell 0.4% during the quarter to miss the consensus expectation for a drop of 2.4%. Organic sales were down 1.1% in the North America segment while rising 3.8% in the emerging markets segment. Pricing increased 0.8 percentage points during the quarter. The favorable pricing was primarily...
JHVEPhoto The Kraft Heinz Company ( KHC ) reported a 0.8% increase in revenue during Q1 to $6.05B. Organic sales fell 0.4% during the quarter to miss the consensus expectation for a drop of 2.4%. Organic sales were down 1.1% in the North America segment while rising 3.8% in the emerging markets segment. Pricing increased 0.8 percentage points during the quarter. The favorable pricing was primarily due to price increases taken in certain categories to mitigate higher input costs. Volume/mix declined 1.2 percentage points, with declines in each segment. Unfavorable volume/mix was primarily driven by declines in coffee, cold cuts, and Indonesia, which more than offset the favorable impact to certain categories as a result of the shift in Easter timing. The Chicago-based food company saw its adjusted operating income decrease 11.8% in Q1 to $1.1B, primarily due to increased advertising expenses, inflationary pressures in manufacturing and logistics costs that outpaced our efficiency initiatives, and unfavorable volume/mix. These unfavorable impacts more than offset higher pricing, certain nonrecurring procurement cost recoveries, and a favorable impact from foreign currency. Adjusted EPS was reported at $0.58 vs. $0.50 consensus and $0.62 a year ago. "The investments we made in 2025 are now driving early traction, with improving market share trends, particularly within must-win parts of our portfolio like Taste Elevation. This is proof that our brands respond well when we invest behind them," stated CEO Steve Cahillane. "Our goal is to ultimately deliver profitable growth through volume and market share recovery while continuing to deliver strong free cash flow. In 2026, we are focused on turning around our U.S. business and accelerating growth in our international markets," he added. Looking ahead, Kraft Heinz ( KHC ) sees FY26 organic sales down 1.5% to down 3.5% and EPS of $1.98 to $2.10 vs. $2.03 consensus. The EPS forecast includes an approximate 100 basis point im...
Councillor announces plan to withdraw from government-funded programme in run-up to May elections UK politics live – latest updates The Reform-led Lancashire county council will withdraw from the government’s refugee resettlement scheme, one of its cabinet members has said. Councillor Joshua Roberts announced plans for Lancashire to leave the scheme, which would make it the first local authority t...
Councillor announces plan to withdraw from government-funded programme in run-up to May elections UK politics live – latest updates The Reform-led Lancashire county council will withdraw from the government’s refugee resettlement scheme, one of its cabinet members has said. Councillor Joshua Roberts announced plans for Lancashire to leave the scheme, which would make it the first local authority to do so. Continue reading...
Currenc Group ( CURR ) on Wednesday said it has extended the exclusivity period for its proposed reverse merger with Animoca Brands to June 30, as both sides continue work toward a deal. The extension prevents the parties from pursuing competing transactions while due diligence and documentation advance. All other terms of the previously announced agreement remain unchanged. Under the proposed dea...
Currenc Group ( CURR ) on Wednesday said it has extended the exclusivity period for its proposed reverse merger with Animoca Brands to June 30, as both sides continue work toward a deal. The extension prevents the parties from pursuing competing transactions while due diligence and documentation advance. All other terms of the previously announced agreement remain unchanged. Under the proposed deal, Currenc would acquire Animoca, with Animoca shareholders expected to own about 95% of the combined company. The transaction is targeted to close in the third quarter of 2026. More on Currenc Financial information for Currenc
Eli Lilly & Co has kicked off the sale of investment-grade debt as part of an effort to fund its acquisition spree. The drugmaker is offering notes in as many as eight tranches, with maturities ranging from two to 40 years, according to a person with direct knowledge of the matter. Initial price talk on the longest tenor — a bond maturing in 2066 — is for a spread of about 1.13 percentage points a...
Eli Lilly & Co has kicked off the sale of investment-grade debt as part of an effort to fund its acquisition spree. The drugmaker is offering notes in as many as eight tranches, with maturities ranging from two to 40 years, according to a person with direct knowledge of the matter. Initial price talk on the longest tenor — a bond maturing in 2066 — is for a spread of about 1.13 percentage points above Treasuries, the person added, asking not to be identified disclosing private details. The move comes as Eli Lilly has embarked on a spree of large acquisitions. In the past two months, the company forged deals worth as much as $7.8 billion for sleep drugmaker Centessa Pharmaceuticals Plc and as much as $7 billion for cancer drug developer Kelonia Therapeutics — two of its most expensive transactions ever — with Chief Executive Officer Dave Ricks saying investors should expect more to come. The bond offering also followed first-quarter results that beat even the highest of analyst estimates compiled by Bloomberg, with the company raising its full-year sales and profit forecast amid soaring demand for weight-loss medications. Read More: Lilly Boosts Sales View to $85 Billion on Obesity-Drug Surge Proceeds from the bond offering will be used for general corporate purposes and potentially fund all or a portion of the upfront cash consideration and related fees and expenses tied the firm’s pending acquisitions of Centessa and Kelonia, the person added. Citigroup Inc. , Deutsche Bank AG , Goldman Sachs Group Inc. and Morgan Stanley are running the debt offering.
Kat Wade/Getty Images News Par Pacific Holdings ( PARR ) shares fell 11% in premarket trading Wednesday, even as the energy company reported improved profitability and strong refining performance, with investors focusing on an earnings miss and signs of operational headwinds. The operator of oil refineries, fuel logistics assets and retail fuel brands such as Hele in Hawaii and Nomnom convenience ...
Kat Wade/Getty Images News Par Pacific Holdings ( PARR ) shares fell 11% in premarket trading Wednesday, even as the energy company reported improved profitability and strong refining performance, with investors focusing on an earnings miss and signs of operational headwinds. The operator of oil refineries, fuel logistics assets and retail fuel brands such as Hele in Hawaii and Nomnom convenience stores in the Pacific Northwest, reported first-quarter adjusted earnings of $0.78 a share, missing Wall Street estimates of $0.99. Revenue of about $1.82 billion was roughly in line with expectations near $1.78 billion. The stock reaction comes despite a massive run-up, with Par Pacific ( PARR ) shares up 364% through Tuesday’s close, suggesting elevated expectations heading into the release. Net income rose to $54.5 million, or $1.10 a share, from a loss of $30.4 million, or -$0.57 a share, a year earlier. The company generated $91.5 million in earnings before interest, taxes, depreciation and amortization, a sharp increase from the prior year, reflecting stronger refining margins and improved operational performance. Still, several negatives in the report appear to be driving the selloff. A key issue was a large “price lag” effect in Hawaii, where contractual pricing tied to prior periods reduced realized margins during a rising price environment. The impact cut adjusted gross margin by about $125.5 million, or $15.52 per barrel, masking underlying strength in refining conditions. Investors also appeared concerned about weakness in the retail segment, where operating income fell to $13.0 million from $16.0 million a year earlier, with fuel volumes and in-store sales both declining. Cash flow was another pressure point. Par Pacific ( PARR ) reported net cash used in operations of $40.7 million, driven in part by working capital outflows, a reversal from the prior year and a potential concern for near-term liquidity trends. Operationally, results were mixed across the comp...
Getty Images Thesis I view Nexxen International ( NEXN ) as one of the most overlooked value stocks on the market. Its stock price has been heavily punished in recent years due to the lack of stable revenue growth. However, this apparent weakness masks margin strength, diversification of revenue streams through successful M&A, and heavy focus on shareholder returns. I expect the company should gro...
Getty Images Thesis I view Nexxen International ( NEXN ) as one of the most overlooked value stocks on the market. Its stock price has been heavily punished in recent years due to the lack of stable revenue growth. However, this apparent weakness masks margin strength, diversification of revenue streams through successful M&A, and heavy focus on shareholder returns. I expect the company should grow its position in the AdTech space thanks to its strong pipeline of exclusive, equity-linked partnerships with key players in the market, as well as new data-based products that will enable new fast-growing revenue streams. The company is essentially debt-free, has over $130 million in cash on a $409 million market cap, and effectively returns capital to shareholders through aggressive buybacks. The company trades at a 4x EV/FCF multiple, valuation usually given to dying businesses. While Nexxen is tied to specific risk factors, its long-term position in the industry does not warrant such a low multiple. I view Nexxen as a Strong Buy at current prices of $7.34, as future growth of the stock price could be driven by a combination of cash flow growth as well as multiple expansion. Figure 1 - Stock Price of NEXN (YCharts) Business and Strategy Nexxen International is an Israeli advertising technology company that operates a unified, end-to-end advertising platform for Connected TVs (CTV), desktop, and mobile devices. Unlike The Trade Desk ( TTD ), which operates primarily as a demand-side platform, or Magnite ( MGNI ), which operates as a supply-side platform, Nexxen bridges both sides of the auction and sits in the middle. The company built this full stack through a series of targeted M&A, integrating platforms such as Unruly (2020), Spearad (2021) and Amobee (2022) to build out their SSP and DSP capabilities. In the summer of 2023, it brought all distinct entities under the Nexxen brand, effectively hitting a reset button on its previous corporate identity. Today, Nexxen use...
(RTTNews) - Hut 8 Corp. (HUT), an energy infrastructure platform, on Wednesday reported a wider loss for the first quarter compared to the prior year, even as revenues jumped. The deeper loss reflects a higher cost of revenues and a substantial increase in operating expenses.
(RTTNews) - Hut 8 Corp. (HUT), an energy infrastructure platform, on Wednesday reported a wider loss for the first quarter compared to the prior year, even as revenues jumped. The deeper loss reflects a higher cost of revenues and a substantial increase in operating expenses.
ChronoScale ( NASDAQ: CHRN ) said on Wednesday it has appointed Cenly Chen as Chief Executive Officer and a member of its board, as the AI compute infrastructure company looks to scale capacity and meet rising demand. Chen brings over two decades of experience in enterprise infrastructure and high-performance computing. She previously served as chief growth officer, senior vice president, and mana...
ChronoScale ( NASDAQ: CHRN ) said on Wednesday it has appointed Cenly Chen as Chief Executive Officer and a member of its board, as the AI compute infrastructure company looks to scale capacity and meet rising demand. Chen brings over two decades of experience in enterprise infrastructure and high-performance computing. She previously served as chief growth officer, senior vice president, and managing director at Super Micro Computer. ChronoScale, formed from the combination of Applied Digital’s cloud business and EKSO Bionics Holdings, operates as an independent public company focused on GPU-based infrastructure for AI workloads. The company said the leadership change comes amid accelerating demand for reliable, high-performance compute delivered at scale. Source: Press Release More on Super Micro Computer, Ekso Bionics Holdings Super Micro Computer: Market Has Completely Misunderstood Its Latest Earnings Super Micro surges after Q3, but analysts remain neutral on corporate governance concerns Biggest stock movers Wednesday: AMD, SMCI, and more