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Daily Mirror
20-05-2025
- Entertainment
- Daily Mirror
Newsboy's racing tips for Wednesday's five meetings, including Brighton nap
Newsboy's has two big fancies at Brighton on Wednesday, with his Nap, Pop Dancer running in the 6.00 and his next best, Devasboy, going in the 7.30 POP DANCER can prove a big hit for punters in the Handicap (6.00) over five and a half furlongs at Brighton tomorrow evening. A two-time course and distance winner, the eight-year-old came good 18 days ago after an 18-race losing streak, making all to comfortably land a five-runner Goodwood handicap by half a length over the minimum trip. Undulating courses suit Tony Carroll's gelding, and a third win on the Sussex Downs course looks on the cards as he takes a drop in class. Later on the same card, DEVASBOY has had an even longer gap in between victories, his last being at Chester nearly three years ago. But despite the wait, the six-year-old has the opportunity to score a second course and distance success in the Download The Star Sports App Handicap (7.30) over a mile. He ran well at Chepstow last week on fast ground over seven furlongs, running on strongly under Tom Marquand in the closing stages to finish third of 13, a length and a half behind Ravenglass. And the fact trainer Michael Appleby has booked the same jockey again to ride him is a bonus. Wednesday's selections AYR 2.00 NELSON GAY 2.30 UNDERWRITER 3.00 WOOHOO 3.30 ABDUCTION 4.05 SHIMMERING SANDS 4.42 INANNA 5.17 BELTANE WARWICK 2.40 ROADSHOW 3.10 RUKAANA 3.40 PRIDE OF PARIS 4.15 TARA ITI 4.50 GWENNIE MAY STAR 5.25 GETALEAD
Yahoo
01-05-2025
- Business
- Yahoo
CVS posts Q1 earnings beat, raises full-year guidance
CVS (CVS) reported first quarter earnings Thursday, beating Wall Street's expectations. The company also raised its full-year 2025 guidance, with adjusted earnings per share now expected in the range of $6.00 to $6.20, up from $5.75 to $6.00. CVS reported adjusted earnings per share of $2.25 compared to Wall Street's consensus of $1.69. Revenue came in at $94.6 billion, compared to estimates of $93.6 billion. The company's stock was up nearly 7% in pre-market trading Thursday. The Street had been concerned about Medicare Advantage players, like CVS's Aetna, after UnitedHealth Group's (UNH) miss, in part related to higher-than-expected utilization of Medicare Advantage, which would have extended a concerning trend last year. But with the improvement in medical loss ratio (MLR) — the ratio of premiums received to claims paid out, mandated to be at 85% by the Affordable Care Act — CVS has helped show the hit to UnitedHealth was a one-off. CVS reported an MLR of 87.3%, in line with peer Humana (HUM), and a 3% drop from the same period in 2024, when the company reported 90.4%. The company attributed the improvement to the increased star ratings of its plans, awarded last year, which results in increased payments from Medicare. In addition, CVS has exited the ACA marketplace, which gave it more control over cost management. CVS announced two key developments in the hot weight-loss market Thursday, marking a shift from insurers that are ending coverage and employers that have put restrictions on access and coverage. The first development was placing Novo Nordisk's (NVO) blockbuster GLP-1 drug Wegovy as a preferred drug on its formulary, to the exclusion of competitor Eli Lilly's (LLY) Zepbound, for $499 per month. "Now that there's adequate supply of both of these GLP-1s, CVS Caremark was able to negotiate Wegovy against Zepbound to determine which manufacturer of these clinically similar products could deliver the greatest overall value and lowest net cost for our clients that choose to participate on our standard commercial formularies," a spokesperson told Yahoo Finance in a statement Thursday. That means patients will be steered to Wegovy if they are prescribed a weight-loss drug and have CVS Caremark as their pharmacy benefit manager (PBM). CVS "is taking a formulary action on July 1, 2025 to prefer Wegovy for its members. The company will enhance the value of these new medications by combining them with additional lifestyle clinical support as part of the CVS Weight Management program offered to clients through CVS Caremark," the company said in a statement. Caremark is one of the largest PBMs in the country, boasting a 27% market share. The move could help Novo, which has recently been lagging competitor Lilly, with new prescriptions for weight-loss injectables. The second major development Thursday was CVS noting it is the first retail pharmacy partnered with NovoCare, Novo's online direct-to-consumer platform. To date, Novo has partnered with telehealth and online pharmacies — most recently popular platforms Hims & Hers (HIMS) and Ro. "This will enable CVS Pharmacy to provide convenient, safe and affordable access to Wegovy for eligible patients at its more than 9,000 community health locations across the country," CVS said in a statement. Anjalee Khemlani is the senior health reporter at Yahoo Finance, covering all things pharma, insurance, care services, digital health, PBMs, and health policy and politics. That includes GLP-1s, of course. Follow Anjalee as AnjKhem on social media platforms X, LinkedIn, and Bluesky @AnjKhem. Sign in to access your portfolio
Yahoo
29-04-2025
- Business
- Yahoo
Kraft Heinz (NASDAQ:KHC) Reports Q1 In Line With Expectations
Packaged foods company Kraft Heinz (NASDAQ:KHC) met Wall Street's revenue expectations in Q1 CY2025, but sales fell by 6.4% year on year to $6.00 billion. Its non-GAAP profit of $0.62 per share was 2.7% above analysts' consensus estimates. Is now the time to buy Kraft Heinz? Find out in our full research report. Revenue: $6.00 billion vs analyst estimates of $6.02 billion (6.4% year-on-year decline, in line) Adjusted EPS: $0.62 vs analyst estimates of $0.60 (2.7% beat) Adjusted EBITDA: $1.43 billion vs analyst estimates of $1.43 billion (23.8% margin, in line) Management lowered its full-year Adjusted EPS guidance to $2.59 at the midpoint, a 3.5% decrease Operating Margin: 19.9%, in line with the same quarter last year Free Cash Flow was -$166 million, down from $477 million in the same quarter last year Organic Revenue fell 4.7% year on year (-0.5% in the same quarter last year) Sales Volumes fell 5.6% year on year (-3.2% in the same quarter last year) Market Capitalization: $34.38 billion The result of a 2015 mega-merger between Kraft and Heinz, Kraft Heinz (NASDAQ:KHC) is a packaged foods giant whose products span coffee to cheese to packaged meat. A company's long-term performance is an indicator of its overall quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. With $25.43 billion in revenue over the past 12 months, Kraft Heinz is one of the most widely recognized consumer staples companies. Its influence over consumers gives it negotiating leverage with distributors, enabling it to pick and choose where it sells its products (a luxury many don't have). However, its scale is a double-edged sword because there are only a finite number of major retail partners, placing a ceiling on its growth. For Kraft Heinz to boost its sales, it likely needs to adjust its prices, launch new offerings, or lean into foreign markets. As you can see below, Kraft Heinz struggled to increase demand as its $25.43 billion of sales for the trailing 12 months was close to its revenue three years ago. This is mainly because consumers bought less of its products - we'll explore what this means in the "Volume Growth" section. This quarter, Kraft Heinz reported a rather uninspiring 6.4% year-on-year revenue decline to $6.00 billion of revenue, in line with Wall Street's estimates. Looking ahead, sell-side analysts expect revenue to decline by 1.8% over the next 12 months, similar to its three-year rate. This projection doesn't excite us and indicates its products will see some demand headwinds. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Revenue growth can be broken down into changes in price and volume (the number of units sold). While both are important, volume is the lifeblood of a successful staples business as there's a ceiling to what consumers will pay for everyday goods; they can always trade down to non-branded products if the branded versions are too expensive. To analyze whether Kraft Heinz generated its growth (or lack thereof) from changes in price or volume, we can compare its volume growth to its organic revenue growth, which excludes non-fundamental impacts on company financials like mergers and currency fluctuations. Over the last two years, Kraft Heinz's average quarterly sales volumes have shrunk by 2.8%. This isn't ideal for a consumer staples company, where demand is typically stable. In Kraft Heinz's Q1 2025, sales volumes dropped 5.6% year on year. This result represents a further deceleration from its historical levels, showing the business is struggling to move its products. We struggled to find many positives in these results. The company's organic revenue fell short of Wall Street's estimates and full-year EPS guidance missed after being lowered. Overall, this was a weaker quarter. The stock traded down 1% to $28.49 immediately after reporting. Kraft Heinz underperformed this quarter, but does that create an opportunity to invest right now? If you're making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here, it's free.
Time of India
24-04-2025
- Entertainment
- Time of India
Anzac Day 2025 in New Zealand: Everything you need to know about services, events, and what's open
Events across New Zealand Live Events Trading Restrictions and Surcharge New Zealand will come to a solemn pause this Friday to observe Anzac Day. In ceremonies from dawn until midday, citizens will stand with veterans, defence force personnel, and dignitaries to honour New Zealand's military will host one of the nation's largest dawn services at the War Memorial Museum in Parnell. The parade is set to begin at 5.45 am, with the official service commencing at 6.00 am at the Court of Honour. Vanguard Military School will perform a powerful haka in honour of the fallen. With both paid and free parking available around the venue and numerous road closures, attendees are encouraged to arrive early or plan alternative Wellington, the capital's commemorations will take place at Pukeahu National War Memorial Park, beginning at 6.00 am. Veterans and attendees are expected to gather on Tasman Street from 5.30 am. The ceremony will include speeches, hymns, and the playing of the Last Post. Dignitaries, members of Parliament, and senior defence officials are also expected to attend the will mark the day with a service in Cathedral Square, beginning at 6.15 am. Veterans will assemble at Worcester Bridge before parading into the square. The New Zealand Army Band will perform, concluding with the traditional Last Post, a minute of silence, and the national will host both a Dawn Service and a Civic Service at the Cenotaph in Memorial Park. The dawn parade starts at 5.50 am and will be followed by a 40-minute service including performances by the Waikato Rivertones Chorus and Salvation Army Band. The Civic Parade begins at 9.50 am, with a formal service from 10.00 am to 11.15 am featuring the Hamilton Brass Band and another performance from the Fields of Remembrance Trust will install 350 white crosses, while over 5000 poppies will decorate the corner of Memorial Drive and Anzac Parade to honour local service will host services across several locations, including Mount Maunganui, Pāpāmoa, Te Puna, and Pyes Pā. In Tauranga's city centre, the dawn service will begin at 6.00 am at the RSA Cenotaph, with the Civic Memorial Service to follow at 9.00 am in Memorial Park. Mount Maunganui will hold its dawn service at 6.00 am at the Marine Parade Cenotaph, followed by a 9.30 am civic Pāpāmoa, the memorial service begins at 6.00 am at Stella Place. Te Puna will hold a 5.45 am ceremony at Poututerangi Marae, while Pyes Pā's service will take place at 11.00 am at the cemetery.A significant New Zealand-led commemoration will be held on April 27 in Le Quesnoy, France. The event marks the liberation of the town by New Zealand troops in 1918. Dignitaries from both nations will attend alongside travelling New Zealanders and French wearing of red poppies will be visible throughout the day, and Anzac biscuits made from ingredients with long shelf lives and once sent to soldiers at war will be throughout the country will be flown at half-mast as a symbol of national mourning and will be several trading restrictions on Anzac Day.. Most shops are prohibited from opening until 1.00 pm, with exceptions for pharmacies, service stations, dairies, and certain cafés. Tourist hotspots like Queenstown are permitted to open from noon, while towns such as Whitianga, Tairua, and Whangamatā can open from 8.00 am due to regional exemptions if the date falls on a Monday or Friday, as it does in sales at hospitality venues are allowed only with meals. Many cafés and restaurants will also apply a public holiday surcharge, which must be displayed to customers under Commerce Commission regulations.
Associated Press
22-04-2025
- Sport
- Associated Press
Max Meyer strikes out a career-high 14 to lead Marlins over Reds 6-3
MIAMI (AP) — Max Meyer struck out a career-high 14 in six scoreless innings, pinch-hitter Kyle Stowers had a three-run homer in the seventh and the Miami Marlins beat the Cincinnati Reds 6-3 on Monday night. Meyer struck out the side in the sixth and walked into the dugout to a standing ovation with Miami's first double-digit strikeout game since last June 1. Meyer (2-2) allowed five hits and walked none, lowering his ERA to 2.10. His previous strikeout high was eight strikeouts. Jesús Tinoco got three straight outs for his second save as the Marlins won their second straight following a five-game losing streak. Nick Lodolo (2-2) allowed three runs and seven hits in 5 2/3 innings. Jesús Sánchez hit a run-scoring single in the second for his first RBI this season and Ronny Simon following with another run-scoring single. Eric Wagaman hit his third home run this season for in the fifth, a 407-foot shot just over the glove of leaping center fielder TJ Friedl. Gavin Lux hit his first home run this season, a two-run drive off Tyler Phillips in the eighth. Key moment Agustín Ramírez and Simo got their first major league hits in the second inning. Ramírez had an infield single and later scored on Simon's single to center. Ramírez followed Stowers' homer with a double and he took third for his first big league steal. Key stat Meyer tied for the third-most strikeouts in Marlins history behind Ricky Nolasco's 16 against Atlanta on Sept. 30, 2009, and Liván Hernández's 15 vs. the Braves in Game 5 of the 1997 NL Championship Series. Up next Miami RHP Edward Cabrera (0-1, 6.52 ERA), who began the season on the IL with a right middle finger blister, is set to make his third start of the season on Tuesday against Cincinnati RHP Nick Martinez (0-3, 6.00 ERA). ___ AP MLB:
