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The Latest Breaking News from Supply chain

Bausch Health's Q1 Sales, Profits Fall On Supply Chain Challenges, Cuts FY22 Outlook

Bausch Health Companies Inc (NYSE:BHC) has reported Q1 revenues of $1.92 billion, down 5% Y/Y. Excluding the unfavorable impact of foreign exchange of $41 million and divestitures & discontinuations of $72 million, revenue was flat organically compared to Q1 FY21. Adjusted net income declined to $263 million from $370 million a year…

Benzinga · May 10, 2022

Scottish PPE supplier invests £4.8m in manufacturing facility

Scottish PPE supplier invests £4.8m in manufacturing facility

New factory should result in a more resilient supply chain and more jobs in Dumfries

Insider UK · May 10, 2022

Is Hanesbrands a Good High-Yield Dividend Stock to Invest In?

Is Hanesbrands a Good High-Yield Dividend Stock to Invest In?

The iconic apparel brand marketer Hanesbrands Inc. (HBI) posted solid sales and earnings growth in its last reported quarter, led by year-over-year improvement in segmental revenue. In addition, the company declared a regular cash dividend of 0.15. The stock delivers a 4.8% dividend yield currently. But is it worth adding…

StockNews.com · May 10, 2022

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Li Auto Q1 Earnings Smashes Estimates

Li Auto Inc (NASDAQ:LI) reported first-quarter FY22 revenue growth of 167.5% year-on-year to RMB9.56 billion ($1.51 billion), beating the consensus of $1.44 billion. Non-GAAP earnings per ADS attributable to ordinary shareholders were RMB0.47 or $0.07, above the consensus of $(0.10). Deliveries of Li ONEs jumped 152.1% Y/Y to 31,716 vehicles. Vehicle margin rose 550…

Benzinga · May 10, 2022

Sony hit by Playstation 5 parts shortage

Sony has been forced to slash its sales target for Playstation 5 consoles this year due to part shortages and supply chain woes.

Evening Standard · May 10, 2022

2 Industrial Goods Stocks to Avoid After Cutting Guidance

Amid a deepening supply chain crisis owing to the war between Russia and Ukraine, reinstated lockdown measures in China, and heightened inflationary pressures, the industrial sector is expected to remain under immense pressure in the coming months. Given their bleak growth prospects, we think one should consider avoiding fundamentally weak…

StockNews.com · May 9, 2022

KeyBanc Remains Upbeat On Auto-Based Companies Like Microchip, Indie; Shares View On Semiconductor Stocks

KeyBanc analyst John Vinh said nine companies were under coverage (Advanced Micro Devices, Inc (NASDAQ: AMD), Cirrus Logic, Inc (NASDAQ:CRUS), Lattice Semiconductor Corporation (NASDAQ:LSCC), Monolithic Power Systems, Inc (NASDAQ: MPWR), NXP Semiconductors N.V. (NASDAQ:NXPI), ON Semiconductor Corporation (NASDAQ: ON), Qorvo, Inc (NASDAQ: QRVO), Skyworks Solutions, Inc (NASDAQ: SWKS), Synaptics Inc (NASDAQ:SYNA)) and reported positive results but mixed guidance. The broad-based analog (LSCC, MPWR, NXPI, ON) reported robust results/guidance, and China smartphone-exposed companies…

Benzinga · May 9, 2022

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Why Johnson Outdoors Shares Are Plunging Today

Why Johnson Outdoors Shares Are Plunging Today

Johnson Outdoors Inc (NASDAQ:JOUT) reported a second-quarter FY22 sales decline of 8% year-on-year to $189.62 million, missing the consensus of $202.32 million. EPS of $0.97 missed the analyst consensus of $1.85. The gross margin contracted 903 basis points Y/Y to 36.2%, primarily due to increased materials and inbound freight costs driven by supply…

Benzinga · May 9, 2022

2 Copper Stocks to Consider Buying on the Dip

2 Copper Stocks to Consider Buying on the Dip

With continuing production and supply chain hurdles, the copper shortage has become worldwide. However, demand for copper across several industries continues to be strong. Thus, amid surging copper price estimates, we think it could be wise to bet on the stocks of quality copper companies Southern Copper (SCCO) and Freeport-McMoRan…

StockNews.com · May 9, 2022

Biting Back: Will FAANG Favorites Recapture their Form on Wall Street in Q3 2022?

Biting Back: Will FAANG Favorites Recapture their Form on Wall Street in Q3 2022?

Despite having an extraordinary track record on Wall Street, 2022 has been a testing year for FAANG stocks. Having taken a battering from tech stock sell-offs in the wake of record-breaking inflation and supply chain issues arising from the Covid-19 pandemic, leading growth stocks have struggled to recapture the form…

Benzinga · May 9, 2022

Why Energizer Shares Are Gaining Today

Why Energizer Shares Are Gaining Today

Energizer Holdings Inc (NYSE:ENR) reported second-quarter FY22 sales of $685.4 million, beating the consensus of $655.38 million. The gross margin for the quarter contracted 470 basis points to 34.8%. Selling, general and administrative expenses were nearly flat at $123.4 million. The company held $213.2 million in cash and equivalents as of March 31,…

Benzinga · May 9, 2022

Why Lordstown Motors Shares Are Sliding Today

Why Lordstown Motors Shares Are Sliding Today

Lordstown Motors Corp (NASDAQ:RIDE) reported a first-quarter FY22 loss per share of $(0.46), in line with the consensus of $(0.46) and against a loss of $(0.72) last year. The total operating expenses declined 17.3% Y/Y to $87.9 million. The operating loss incurred for the quarter was $(87.88) million versus $(106.21) million last…

Benzinga · May 9, 2022

Why Party City Holdco Shares Are Trading Lower Today

Why Party City Holdco Shares Are Trading Lower Today

Party City Holdco Inc (NYSE:PRTY) reported first-quarter FY22 sales growth of 1.4% year-on-year to $432.98 million, missing the consensus of $435.80 million. Brand comparable sales increased 2.1% versus last year. Total retail sales increased 2.3%. The gross profit margin decreased 380 basis points Y/Y to 31.9%. The operating loss for the quarter was…

Benzinga · May 9, 2022

Defense Companies Experience Supply Issues As Demand For US Weaponry Surges: FT

Defense Companies Experience Supply Issues As Demand For US Weaponry Surges: FT

Northrop Grumman Corporation (NYSE: NOC) CEO Kathy Warden gave both good and bad news: the aerospace company anticipates increased demand for its weapons systems, but supply chain issues may hinder efforts to increase output,

Benzinga · May 9, 2022

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The Independent UK · May 6, 2022

Contract talks near for thousands of West Coast dockworkers

Contract negotiations between 22,000 workers at 29 West Coast ports and representatives of shipping companies will begin next week with automation and its impact on jobs emerging as a major point of contention amid supply chain issues

Bangkok Post · May 6, 2022

Bourse dips 1.6% in April, foreign fund inflows increase

The Thai stock market slid 1.6% in April from the previous month, in line with other bourses in the region, but still recorded growth in foreign fund inflows despite global supply chain issues.

StockNews.com · May 6, 2022

Buy The Dip: 4 Mega-Cap Stocks Wall Street Predicts Will Rally 28% - 58%

Concerns over historically high inflation, the Fed's aggressive interest rate increases, deepening supply chain issues due to rising COVID-19 cases worldwide, and the Russia-Ukraine war drove a broad sell-off in U.S. stocks last month. However, the market sell-off has created opportunities to buy high-quality mega-cap stocks at bargain prices. Thus,…

Benzinga · May 6, 2022

Adidas Shares Slide As China Lockdown Weighs On Q1 Earnings, FY22 Outlook

Adidas AG (OTC:ADDYY) reported first-quarter FY22 sales growth of 0.6% year-on-year to €5.3 billion. Currency-neutral sales declined 3% as supply constraints reduced the top-line by €400 million. Currency-neutral sales across North America rose 13%, EMEA improved 9%, and Latin America jumped 38%. The challenging market environment and COVID-19-related lockdowns in Greater China and…

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Benzinga · May 6, 2022

Here's How Liberty Media Fared In Q1

Liberty Media Corp (NASDAQ:FWONA) reported first-quarter 2022 results, with results attributed to Liberty SiriusXM Group, Formula One Group, and Braves Group. Liberty SiriusXM Group: Liberty SiriusXM reported first-quarter FY22 revenue growth of 6% year-on-year to $2.19 billion. Liberty SiriusXM operating income expanded 108% Y/Y to $493 million. Liberty SiriusXM's adjusted OIBDA was $690…

StockNews.com · May 6, 2022

Snatch Up These 5 Oversold Tech Stocks Before They Rebound

Worries over the Fed’s monetary policy tightening, and intensifying supply chain disruptions, have caused a broad-based sell-off in the stock market of late. Since technology has been one of the worst-hit sectors, many quality tech stocks have entered oversold territory. So, given the industry’s solid growth prospects, we think it…

Benzinga · May 6, 2022

Goodyear Q1 Earnings Beat Estimates Aided By Cooper Tire, Pricing Actions

Goodyear Tire & Rubber Co (NASDAQ:GT) reported first-quarter FY22 net sales growth of 39.8% year-on-year to $4.91 billion, beating the consensus of $4.65 billion. Cooper Tire merger, improvements in price/mix, higher volume, and increased sales from other tire-related businesses drove the growth. Sales in the Americas rose 63% Y/Y, Europe, Middle East &…

Benzinga · May 6, 2022

Why Qurate Retail Shares Are Plunging Today

Qurate Retail Inc (NASDAQ:QRTEA) reported a first-quarter FY22 revenue decline of 13.6% year-on-year to $2.88 billion, missing the consensus of $3 billion. The e-commerce revenue declined 14% to $1.8 billion, constituting 61% of total revenue. QxH revenue decreased 13%, QVC International fell 13%, Zulily shed 38%, and Cornerstone increased 19%. The operating margin…

Reason · May 6, 2022

Problems With the Supply Chain Began Before the Pandemic. Here's What Biden Can Do About It.

Protectionist policies stymie trade and make Americans poorer.

Daily Record · May 6, 2022

Morrisons in McColl's 'rescue talks' as group warns 1,100 stores are at risk

The retailer has been in talks with with potential lenders, including the supermarket Morrisons, to save the business, which struggled during the Covid-19 pandemic due to supply chain issues, inflation and debt.

Benzinga · May 6, 2022

Lucid To Hike EV Prices From June, Sticks To Lowered 2022 Target As Supply Issues Linger

Lucid Group Inc (NASDAQ: LCID) said on Thursday it would increase the prices of its electric vehicles from June and stick to its lowered production target for 2022 that it had provided in March due to supply chain issues.

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