Latest news with #Brunswick
Yahoo
3 hours ago
- Business
- Yahoo
Earnings To Watch: Clarus (CLAR) Reports Q2 Results Tomorrow
Outdoor lifestyle and equipment company Clarus (NASDAQ:CLAR) will be announcing earnings results this Thursday afternoon. Here's what to expect. Clarus beat analysts' revenue expectations by 7.5% last quarter, reporting revenues of $60.43 million, down 12.8% year on year. It was a softer quarter for the company, with a significant miss of analysts' adjusted operating income estimates and a significant miss of analysts' EBITDA estimates. Is Clarus a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Clarus's revenue to decline 5.5% year on year to $53.38 million, a further deceleration from the 2.5% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.01 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Clarus has missed Wall Street's revenue estimates five times over the last two years. Looking at Clarus's peers in the consumer discretionary segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Polaris's revenues decreased 5.6% year on year, beating analysts' expectations by 9.2%, and Brunswick reported flat revenue, topping estimates by 16.4%. Polaris traded up 17% following the results while Brunswick was down 6%. Read our full analysis of Polaris's results here and Brunswick's results here. There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 7.5% on average over the last month. Clarus is up 9.2% during the same time and is heading into earnings with an average analyst price target of $4.36 (compared to the current share price of $3.79). 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. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. 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
The Irish Sun
4 hours ago
- Business
- The Irish Sun
Popular seaside town with stunning castle & Tudor streets announces shopping centre closure ahead of £20m makeover
A UK seaside resort with a stunning castle and Tudor streets is to officially close its shopping centre for a major revamp ahead of a £20m makeover. The North Yorkshire town, once dubbed a Advertisement 5 An artist's impression of the new Odeon cinema in Scarborough on the Brunswick Centre site Credit: VISIT SCARBOROUGH It was announced this week that Scarborough's Brunswick Centre will officially close on September 17, with redevelopment work beginning in the autumn. The site was bought by a developer in 2021 after a decline in footfall. Plans for its transformation include building an Odeon cinema and new food court at the site. The revamp of the town centre site is central to wider plans to regenerate Advertisement READ MORE IN NEWS A spokesperson for Scarborough Group International (SGI), which owns the Brunswick Centre, said: "This is about more than buildings. "It's about reimagining the heart of the town and creating a place where people want to spend time." The announcement of the closure comes just months after North Yorkshire Council revealed £19.5m had been allocated to as part of the government's Plan for Neighbourhoods scheme. 5 The Brunswick shopping centre in Scarborough has suffered a decline in footfall over the years Advertisement The authority said it had previously devised a "10-year vision document" following public consultation, which named improving the town centre and bus services as priorities. Most read in The Sun The plans for Brunswick Centre were officially approved in 2023, with the cinema expected to take up to 29,060 sq ft (2,700 sq m) of the Brunswick's almost 150,690 sq ft (14,000 sq m) of space. 5 Britney Spears performs at Scarborough Open Air Theatre for her Piece Of Me tour in 2018 Credit: Mark Jackson, project lead for SGI, said: "The closure of Brunswick is a major step forward, not just for the project, but for the wider regeneration of Scarborough. Advertisement "While change can be disruptive in the short term, this marks the start of a much-needed transformation that will help the town centre match the strength of its visitor appeal." The As well as the cinema, the scheme is expected to see the redevelopment of the interior and exterior of the building, a multi-storey car park, refurbished shop fronts along Westborough and the opening of the facade with large glass panels to allow in more natural light. Incredible on stage footage shows thousands of Oasis fans going wild at sold out Wembley gig A North Yorkshire Council spokesperson said the project could help "uplift the whole area". Advertisement They added: "It's very obvious when you visit Scarborough, particularly that part of the town, what a key role this building could hold in the revitalisation of this part of Scarborough." While the locals call it Scarbados, the Queen of the Coast – it has an ancient castle, spectacular cliffs, Tudor streets and two sandy beaches – there is a downside to living in Scarborough. 5 There is a natural beauty to Scarborough, which boasts two sandy beaches Credit: Alamy In 2017, the Office for National Statistics reported the town had the lowest average income in Britain while it has also been described as being a personal bankruptcy hotspot and a social mobility coldspot. Advertisement But in recent years the town has been fighting back. In April it was named as one of Britain's best seaside towns by Conde Nasté Traveller while there has been something of a cultural renaissance too with the success of the 6,000-capacity Open Air Theatre. 5 Noel Gallagher's High Flying Birds headline Scarborough Open Air Theatre in 2016 Credit: Alamy The theatre was reopened by the Queen in 2010 and now claims to be Europe's largest amphitheatre 'since antiquity'. Advertisement Each year since its renovation it has attracted bigger names to its stage, which sits in the middle of a lake next to England's bracing east coast. Promoters Cuffe and Taylor (C&T) book the acts for the council-owned venue and secured the services of Britney Spears in 2018 and Noel Gallagher's High Flying Birds twice: in 2016 and 2018. C&T's Peter Taylor reportedly discovered that one of Spears's representatives is originally from Leeds, and liked the idea of bringing the American superstar to the Yorkshire seaside. This summer's headliners include The Corrs, Gary Barlow, Pendulum, Shed Seven and Judas Priest, whose frontman Rob Halford paid tribute to the late Ozzy Osbourne at their show in the theatre on July 23. Advertisement Why is Scarborough so popular with tourists? As the UK's oldest holiday resort, The Yorkshire town first became a popular spot for staycationers almost 400 years ago, in the mid 1600s. And it's still held in very high esteem now, with only nearby One of the reasons Scarborough attracts visitors in the numbers that it does is because of its long stretches of sandy beach. According to It's favoured by "bathers, families, surfers and a variety of water sports enthusiasts" accord to the The castle's ruins are cared for by English Heritage and visitors can take in the spectacular views out to sea from on top of the hill, surrounded by its remaining turrets towers.
Yahoo
2 days ago
- Business
- Yahoo
What To Expect From Polaris's (PII) Q2 Earnings
Off-Road and powersports vehicle corporation Polaris (NYSE:PII) will be reporting results this Tuesday before the bell. Here's what you need to know. Polaris beat analysts' revenue expectations by 1% last quarter, reporting revenues of $1.56 billion, down 11.4% year on year. It was a mixed quarter for the company, with a solid beat of analysts' EBITDA estimates but revenue guidance for next quarter missing analysts' expectations. Is Polaris a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Polaris's revenue to decline 13.5% year on year to $1.72 billion, a further deceleration from the 11.2% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.02 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Polaris has missed Wall Street's revenue estimates twice over the last two years. Looking at Polaris's peers in the consumer discretionary segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Brunswick posted flat year-on-year revenue, beating analysts' expectations by 16.4%, and Hasbro reported a revenue decline of 1.5%, topping estimates by 11.2%. Brunswick traded down 6% following the results while Hasbro was also down 3.3%. Read our full analysis of Brunswick's results here and Hasbro's results here. There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 10.3% on average over the last month. Polaris is up 23.6% during the same time and is heading into earnings with an average analyst price target of $39.82 (compared to the current share price of $50.24). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
3 days ago
- Business
- Yahoo
Brunswick Second Quarter 2025 Earnings: Revenues Beat Expectations, EPS Lags
Brunswick (NYSE:BC) Second Quarter 2025 Results Key Financial Results Revenue: US$1.45b (flat on 2Q 2024). Net income: US$59.6m (down 43% from 2Q 2024). Profit margin: 4.1% (down from 7.3% in 2Q 2024). EPS: US$0.90 (down from US$1.55 in 2Q 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Brunswick Revenues Beat Expectations, EPS Falls Short Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) missed analyst estimates by 7.5%. Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Leisure industry in the US. Performance of the American Leisure industry. The company's shares are up 1.9% from a week ago. Risk Analysis Don't forget that there may still be risks. For instance, we've identified 4 warning signs for Brunswick (1 is significant) you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
CNN
3 days ago
- CNN
Baby sea turtles in Georgia are struggling to find the ocean this season. Massive interstate lights are to blame, experts say
During the first week of July, the popular travel center and gas station chain Buc-ee's opened its largest location in Georgia, just off coastal Interstate 95. But it's not the beaver-branded merchandise or the smell of barbecue that's attracting Georgia's sea turtles — it's the harsh glare of towering high-mast lights. Under normal conditions, the soft glow of moonlight guides newly hatched loggerhead sea turtles from the beaches of Little St. Simons Island to the ocean. But this summer, brighter and taller lights are disrupting that instinct. Instead of heading toward the sea, the hatchlings are being drawn miles inland, where they risk falling to predators or dying from exhaustion before they find the water, said Scott Coleman, ecological manager of Little St. Simons Island. The loggerheads are the only sea turtle species to regularly nest on Georgia's barrier islands, including the Golden Isles. St. Simons Island, the largest of the isles, has long struggled with hatchlings losing their sense of direction and becoming what's known as 'misoriented,' largely due to the artificial glow from beachfront homes and vacation rentals, according to Catherine Ridley, vice president of education and communication at One Hundred Miles, a nonprofit working to conserve Georgia's coastal habitats. The problem has only intensified in recent months. A previously dark stretch near I-95's Exit 42 in Brunswick, Georgia, is now flooded with intense, artificial light from the high-mast light fixtures illuminating the Buc-ee's exit. The lights were there before the proposal and construction of Buc-ee's, according to Brittany Dozier, Glynn County's director of communications. Buc-ee's itself is not responsible for the lights. The county is choosing to keep them on 'for the safety of the motoring public,' Dozier said. However, the set up casts light far beyond the highway, extending onto beaches even 12 miles away, including Little St. Simons and Sapelo. 'It's more than sky glow — you can see the light from the actual bulbs shining directly onto the beach,' Ridley said. 'When you have unshielded artificial lights shining brightly onto the nesting beach, it can override the natural cues the turtles use to find their way to the ocean, and we see misorientations as the result.' A brightness crisis Georgia's Department of Natural Resources monitors sea turtle nests and misorientations on Little St. Simons Island. In 2024, 11% of nests had more than 10 misoriented hatchlings, according to a report from the department's Wildlife Resources Division. On average, each loggerhead nest has around 120 hatchlings, Ridley said. However, it's not just hatchlings at risk from artificial lighting. Nesting females also avoid brightly lit areas, reducing their options for safe nesting grounds along the coast, according to Coleman. The turtles typically nest on the same beaches each season from late May to mid-August. Although conservationists monitor nests closely, rescuing misoriented hatchlings is not always an option. 'We never really know exactly when the nests are going to hatch, and in any given nesting season we are monitoring 75+ nests, and often more than 100 nests,' Coleman said in an email. 'When hatchlings emerge and crawl in the opposite direction of the ocean, they are much more vulnerable to predators.' Little St. Simons Island and Sapelo bear the brunt of the problem sitting closest to Exit 42. If these types of high-intensity lights continue to expand, even underdeveloped parts of the isles like Jekyll Island — home to the greatest population of nesting turtles along the coast — could see serious long-term consequences for their turtle populations, Coleman warned. The rise in artificial light has been impacting threatened species of sea turtles all along the Southeast coast. In North Carolina, light-polluted beaches sometimes cause turtles to return to the sea without laying eggs, the National Park Service says. In Florida, there were more than 10,000 loggerhead turtle misorientation events from 2020 to 2023 alone, and that number only accounts for the turtles tracked by the state's Fish and Wildlife Conservation Commission. Across the country, light pollution continues to soar. Based on measurements from citizen scientists, the average night sky in the US increased in brightness by 9.6% each year from 2011 to 2022, the National Park Service reported — equal to doubling the brightness of the sky every eight years. Experts urge quick fixes with hatching season underway The Georgia Department of Transportation owns the high-mast lights, but by agreement, Glynn County is responsible for ensuring the lights are operational, said Dozier, the county's communications director. The same high-mast lights exist at three other I-95 interchanges in Glynn County, according to Dozier, and the lights near Exit 42 do not violate any county ordinance. The county's public works department said the county and state transportation department discussed turning the high-mast lights off after street lights were installed at roundabouts, according to emails between Glynn County Public Works and a Georgia Department of Natural Resources biologist in May and June, shared with CNN by Ridley. The standard streetlights have since been installed, Ridley said, but the towering high mast lights remain in use as of late July, except during maintenance. Despite pleas from conservationists to dim or turn off the lights during the loggerhead hatching season, which began on July 15, county officials have not committed to shutting them off, Ridley said. Dozier told CNN on Wednesday the 'lighting installed at the roundabouts or near Buc-ee's was never meant to replace the high-mast system that serves the interchange.' The Georgia Department of Transportation is currently evaluating the installation of an alternative lighting system, she said. CNN has also reached out to Buc-ee's for comment, though they are not responsible for building, operating or maintaining the high-mast lights. In the meantime, conservationists are pushing for temporary fixes to protect this year's hatchlings. 'It's hard to understand why anyone needs lights that blindingly bright to begin with, but in the short-term, we'd be open to even temporary fixes that lower the risk to turtles this season, (such as) adding shields so they point in a downward direction,' Ridley said. These turtles are also beloved by residents and visitors alike, the nonprofit leader noted. 'I speak to tourists and residents every day on the beach that have moved here or have vacationed here for decades, all in hopes of seeing one (turtle) in person,' Ridley said. 'But if we're going to put sea turtles on billboards and magazine ads, we need to hold up our end of the bargain.'
