Citi's digital assets head 'much more optimistic' amid current U.S. crypto regulatory environment
Ryan Rugg, head of digital assets for Citibank's Treasury and Trade Solutions (TTS) business, discusses the bank's crypto plans from Consensus 2025 in Toronto, Canada.
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Virco Manufacturing Corporation (VIRC) Reports Q1 Loss, Misses Revenue Estimates
Virco Manufacturing Corporation (VIRC) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 92.31%. A quarter ago, it was expected that this company would post a loss of $0.15 per share when it actually produced a loss of $0.35, delivering a surprise of -133.33%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Virco Manufacturing , which belongs to the Zacks Furniture industry, posted revenues of $33.75 million for the quarter ended April 2025, missing the Zacks Consensus Estimate by 17.87%. This compares to year-ago revenues of $46.74 million. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Virco Manufacturing shares have lost about 19.9% since the beginning of the year versus the S&P 500's gain of 1%. While Virco Manufacturing has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Virco Manufacturing: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.81 on $113.8 million in revenues for the coming quarter and $0.79 on $270.5 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Furniture is currently in the bottom 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. La-Z-Boy (LZB), another stock in the same industry, has yet to report results for the quarter ended April 2025. The results are expected to be released on June 17. This furniture company is expected to post quarterly earnings of $0.93 per share in its upcoming report, which represents a year-over-year change of -2.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. La-Z-Boy's revenues are expected to be $558.55 million, up 0.9% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Virco Manufacturing Corporation (VIRC) : Free Stock Analysis Report La-Z-Boy Incorporated (LZB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Guess? Q1 Loss Narrower Than Expected, Revenues Up 9% Y/Y
Guess?, Inc. GES reported first-quarter fiscal 2026 results, wherein the top line increased year over year and surpassed the Zacks Consensus Estimate. While the bottom line fared better than the Zacks Consensus Estimate, it declined from the prior-year reported figure. The sales growth was primarily driven by the acquisition of rag & bone (concluded in April 2024). The company also updated its full-year guidance. Guess? reported adjusted loss of 44 cents per share, which was narrower than the Zacks Consensus Estimate of a loss of 70 cents. However, the bottom line deteriorated from an adjusted loss of 27 cents in the year-ago quarter. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Guess?, Inc. price-consensus-eps-surprise-chart | Guess?, Inc. Quote Net revenues amounted to $647.8 million, up 9% year over year, surpassing the consensus mark of $631 million. On a constant-currency (cc) basis, net revenues rose 12%. The strong performance was driven by the rag & bone acquisition and positive momentum in the wholesale businesses across Europe and the Americas. Gross margin contracted to 39.9% from 41.9% reported in the year-ago quarter. As a percentage of sales, adjusted SG&A expenses increased to 44% from 43.2% in the prior-year loss from operations was $25.8 million compared with a loss of $7.7 million in the year-ago quarter. Adjusted operating margin declined to negative 4% from negative 1.3% in the same-period last year. This decline was primarily due to increased expenses, including higher advertising, store-related costs and performance-based compensation, as well as the unfavorable impact of business mix and currency. These pressures were partially offset by contributions from newly acquired businesses. Revenues in the Americas Retail segment rose 9% in U.S. dollars and 12% at cc. However, retail comparable sales, including e-commerce, declined 11% in U.S. dollars and 9% at cc. The operating margin in the segment was negative 10.5%, down 3.3% year over year. This decline was caused by the adverse effects of negative retail comparable sales, increased markdowns and higher expenses, including increased store costs, partially offset by the impact of newly acquired Wholesale revenues soared 63% on a reported basis and 70% at cc. The segment's operating margin fell to 19.9%, down 2.8% year over year, due to the impact of newly acquired businesses and increased expenses, partially offset by the favorable impact of elevated Europe segment's revenues increased 8% on a reported basis and 9% at cc. Retail comp sales (including e-commerce) decreased 4% on a reported basis and 3% at cc. The segmental operating margin was negative 2.9%, down 2.7% year over year, due to higher expenses, including elevated advertising and store costs, and an unfavorable currency revenues decreased 20% on a reported basis and 16% at cc. Retail comp sales (including e-commerce) dropped 24% and 20% on a reported basis and at cc, respectively. The operating margin in the segment was negative 3.1%, down 8.2% year over year. This downside was due to reduced revenues, partially offset by lower revenues decreased 14% on a reported basis and at cc. Segmental operating margin was 92.1% compared with 92% in the year-ago quarter. The company exited the quarter with cash and cash equivalents of $151.2 million and long-term debt and finance lease obligations of nearly $241.7 million. Stockholders' equity was around $483.6 cash used in operating activities for the fiscal first quarter ended May 3, 2025, was negative $73.4 million. Free cash flow for the same period amounted to negative $96.4 million. For fiscal 2026, free cash flow is expected to be $55 announced a quarterly dividend of 30 cents per share, payable on July 3, 2025, to its shareholders on record as of June 18. For fiscal 2026, Guess? now expects revenues to grow between 5.5% and 7.4%, an increase from its prior outlook of 3.9% to 6.2%.The adjusted operating margin is projected in the range of 4.4% to 5.1%, which is slightly down from the previous estimate of 4.5% to 5.4%. The GAAP operating margin is now forecasted between 3.9% and 4.6%, down from the earlier range of 4.3% to 5.2%.Management anticipates adjusted earnings per share (EPS) of $1.32 to $1.64 compared with the prior projection of $1.32 to $1.76 and actual EPS of $1.96 in fiscal 2025. On a GAAP basis, EPS is now expected to be in the range of 87 cents to $1.11, down from the previous outlook of $1.03 to $1.37. The metric was 77 cents per share in fiscal the second quarter of fiscal 2026, Guess? expects revenue growth of 2.9% to 4.7%. Adjusted EPS is expected to range from 11-21 cents, while GAAP EPS is projected between 11 cents and 18 of this Zacks Rank #4 (Sell) company have risen 3.7% in the past three months against the industry's 2.1% decline. Image Source: Zacks Investment Research Urban Outfitters, Inc. URBN offers lifestyle products and services. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks Zacks Consensus Estimate for Urban Outfitters' current fiscal-year earnings and sales indicates growth of 20.9% and 8%, respectively, from the year-ago period's reported figures. URBN delivered a trailing four-quarter average earnings surprise of 29%.Canada Goose Holdings Inc. GOOS designs, manufactures and sells performance luxury apparel for men, women, youth, children and babies. It carries a Zacks Rank of 2 (Buy) at present. GOOS delivered a trailing four-quarter average earnings surprise of 57.2%.The Zacks Consensus Estimate for Canada Goose's current fiscal-year earnings and sales implies a decline of 10% and 2.9%, respectively, from the year-ago Inc. BIRD manufactures and sells footwear and apparel products for men and women in the United States and internationally, flaunting a Zacks Rank #2. BIRD delivered a trailing four-quarter earnings surprise of 21.3%, on Zacks Consensus Estimate for Allbirds' current fiscal-year earnings indicates growth of 16.1%, from the year-ago period's reported figures. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Urban Outfitters, Inc. (URBN) : Free Stock Analysis Report Guess?, Inc. (GES) : Free Stock Analysis Report Canada Goose Holdings Inc. (GOOS) : Free Stock Analysis Report Allbirds, Inc. 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Cracker Barrel Q3 Earnings Surpass Estimates, Revenues Miss
Cracker Barrel Old Country Store, Inc. CBRL posted third-quarter fiscal 2025 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. The top line increased year over year, while the bottom line fell from the prior-year quarter's reported figure. Following the results, the company's shares declined 7.2% yesterday during trading hours. Negative investor sentiments were witnessed as the company cited concerns over softer traffic trends and macroeconomic uncertainty. For third-quarter fiscal 2025, the company reported adjusted earnings per share (EPS) of 58 cents, beating the Zacks Consensus Estimate of 17 cents. The company's earnings declined 34.1% year over year. (See the Zacks Earnings Calendar to stay ahead of market-making news.) Cracker Barrel Old Country Store, Inc. price-consensus-eps-surprise-chart | Cracker Barrel Old Country Store, Inc. Quote Quarterly revenues of $821.1 million missed the consensus mark of $827 million. The top line increased 0.5% year over year. Comparable-store restaurant sales increased 1% in the reported quarter compared with the same period in fiscal 2024. Comparable-store retail sales decreased 3.8% year over year. In the quarter, menu pricing increases were 4.9% year over year. Our model predicted comparable-store restaurant sales growth of 1.8%. In the fiscal third quarter, the cost of goods sold (excluding depreciation and rent) was $247.3 million, which was up 1% year over year. As a percentage of total revenues, the cost of goods sold (excluding depreciation and rent) increased 10 basis points year over year to 30.1%. Per our model, the metric was anticipated at 30.5%. General and administrative expenses totaled $46 million, down 16% year over year. Our prediction for the metric was $53.9 net income in the fiscal third quarter amounted to $13.1 million compared with $19.6 million reported in the year-ago quarter. Our prediction for the metric was $5 million. As of May 2, 2025, cash and cash equivalents were $9.8 million compared with $11.9 million as of April 26, at the fiscal third-quarter end reached $168.9 million, down 3.8% year over debt as of May 2, 2025, was $489.4 million compared with $472.2 million as of April 26, declared a cash dividend of 25 cents per share. The dividend will be paid out on Aug. 13, 2025, to its shareholders on record as of July 18. For fiscal 2025, the company expects revenues in the range of $3.45-$3.5 billion. Adjusted EBITDA is anticipated to be between $215 million and $225 million, up from the earlier projection of $210 million to $220 continues to expect commodity inflation to be in the mid-2% range compared with the prior expectation of 2% to 3%. Hourly wage inflation is anticipated to be in the mid-2% range compared with the prior estimate of 3%.Capital expenditures are envisioned in the range of $160-$170 million. Cracker Barrel currently has a Zacks Rank #3 (Hold).Some better-ranked stocks in the Zacks Retail-Wholesale sector are BJ's Restaurants, Inc. BJRI, Wingstop Inc. WING and Brinker International, Inc. EAT. BJ's Restaurants currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. BJ's Restaurants delivered a trailing four-quarter earnings surprise of negative 101.2%, on average. The stock has inched up 24.6% in the year-to-date period. The Zacks Consensus Estimate for BJ's Restaurants' 2025 sales and EPS implies growth of 3.1% and 21.1%, respectively, from the year-ago levels. Wingstop presently has a Zacks Rank #2. The company delivered a trailing four-quarter earnings surprise of 6.1%, on average. The stock has gained 30.7% in the year-to-date period. The Zacks Consensus Estimate for Wingstop's 2025 sales and EPS indicates an increase of 16.8% and 6.6%, respectively, from the year-ago currently carries a Zacks Rank #2. The company delivered a trailing four-quarter earnings surprise of 24.5%, on average. The stock has increased 28% in the year-to-date period. The Zacks Consensus Estimate for Brinker's 2025 sales and EPS indicates growth of 20.9% and 113.7%, respectively, from the year-ago period's levels. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cracker Barrel Old Country Store, Inc. (CBRL) : Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI) : Free Stock Analysis Report Brinker International, Inc. (EAT) : Free Stock Analysis Report Wingstop Inc. (WING) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
