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2021-07-02
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2021-07-01
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Bed Bath & Beyond Inc. Reports Strong First Quarter Results With Sales And Gross Margin Ahead Of Expectations; Transformation Ahead Of Plan
Net Sales of $1,954M Core Sales Growth of 73%; Comparable Sales Growth of 86% GAAP Gross Margin of 3
Bed Bath & Beyond Inc. Reports Strong First Quarter Results With Sales And Gross Margin Ahead Of Expectations; Transformation Ahead Of Plan
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2021-06-29
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2021-06-19
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Mid-Morning Market Update: Markets Mixed; Kroger Earnings Top Views
Following the market opening Thursday, the Dow traded down 0.29% to 33,935.28 while the NASDAQ rose 0.34% to 14,086.74. The S&P also fell, dropping 0.01% to 4,223.07.
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Reports Strong First Quarter Results With Sales And Gross Margin Ahead Of Expectations; Transformation Ahead Of Plan","url":"https://stock-news.laohu8.com/highlight/detail?id=1167249015","media":"Tiger Newspress","summary":"Net Sales of $1,954M\nCore Sales Growth of 73%; Comparable Sales Growth of 86%\nGAAP Gross Margin of 3","content":"<p><b>Net Sales of $1,954M</b></p>\n<p><b>Core Sales Growth of 73%; Comparable Sales Growth of 86%</b></p>\n<p><b>GAAP Gross Margin of 32.4%; Adjusted Gross Margin of 34.9%</b></p>\n<p><b>Adjusted EBITDA of $86 Million</b></p>\n<p><b>Raises Full Fiscal Year 2021 Outlook</b></p>\n<p>Bed Bath &Beyond Inc.(NASDAQ: BBBY) today reported financial results for the first quarter of fiscal 2021 ended May 29, 2021.</p>\n<p><img src=\"https://static.tigerbbs.com/bbde26abbfa8e2d0a0eb617f3b285efe\" tg-width=\"937\" tg-height=\"481\" referrerpolicy=\"no-referrer\"></p>\n<p>Bed Bath & Beyond shares surged 7% in premarket trading.</p>\n<p><img src=\"https://static.tigerbbs.com/ba5cc7a253c1a20f9a1b0d3f2e6fdbfa\" tg-width=\"924\" tg-height=\"663\" referrerpolicy=\"no-referrer\"></p>\n<p><b><u>Q1 Highlights</u></b></p>\n<ul>\n <li>Core1Sales growth of +73%; Comparable3Sales growth of +86% versus Q1 2020</li>\n <li>Comparable Sales growth for Total Enterprise +3% compared to Q1 2019</li>\n <li>Gross Margin of 32.4% and Adjusted2Gross Margin of 34.9%, primarily driven by Owned Brand launches and channel mix shift due to normalized digital penetration versus the COVID-19 period last year</li>\n <li>Q1 Adjusted2EBITDA of$86 millioninclusive of incremental marketing investments during the quarter</li>\n <li>Establishes guidance outlook for 2021 second quarter</li>\n <li>Raises full fiscal year 2021 guidance outlook on Sales and Adjusted2EBITDA; Re-establishes Adjusted EPS guidance</li>\n</ul>\n<p><b><u>Fiscal 2021 First Quarter Results (March-April-May)</u></b></p>\n<ul>\n <li>Net sales were$1.95 billion, reflecting Core1banner sales growth of 73% compared to the prior year period. Net sales growth versus last year was primarily driven by an increase inBed Bath & Beyondbanner sales.</li>\n <ul>\n <li>Net sales included planned reductions of 24% from non-core banner divestitures.</li>\n </ul>\n <li>Comparable3sales increased 86% compared to the prior year period, which excludes the impact of the Company's fleet optimization activity. Compared to 2019 fiscal first quarter, total enterprise comparable sales increased 3%, driven by digital sales growth of 84%.</li>\n <ul>\n <li>Comparable3sales included an estimated 13% impact from fleet optimization activity when compared to the fiscal 2020 first quarter.</li>\n </ul>\n <li>Bed Bath & Beyondbanner sales increased 96% compared to the prior year period as the Company had a significant number of stores closed during the 2020 fiscal first quarter at the onset of the COVID-19 pandemic.</li>\n <ul>\n <li>Bed Bath & Beyondbanner sales were driven by growth in its key destination categories, which includes Bedding, Bath,Kitchen Food Prep,Indoor Decor and Home Organization. In total, these categories delivered strong sales growth of more than 100% compared to the 2020 fiscal first quarter and growth of 7% on a comparable sales basis versus the 2019 fiscal first quarter. These categories represented approximately two-thirds of totalBed Bath & Beyondbanner sales in the first quarter.</li>\n </ul>\n <li>The buybuy BABY banner continued to deliver positive sales growth with net sales increasing more than 20% compared to the 2020 fiscal first quarter, and an increase of low-single digits on a comparable sales basis versus the 2019 fiscal first quarter. Comparable sales were driven by more than 50% growth in digital.</li>\n <li>Gross margin was 32.4% for the quarter. Excluding special items from both periods, adjusted2gross margin increased 820 basis points to 34.9%, primarily driven by a favorable product mix from Owned Brand launches as well as a more normalized mix of digital sales coupled with a strong recovery in store sales growth.</li>\n <li>SG&A expense, on both a GAAP and adjusted basis, decreased significantly compared to the prior year period, primarily due to cost reductions including divestitures of non-core assets and lower rent and occupancy expenses on more efficient stores. This was partially offset by incremental marketing investments to support the Company's \"Home, Happier\" campaign as well as the initial launches of the Company's Owned Brands.</li>\n <li>Adjusted2EBITDA for the period improved to$86 millioncompared to last year, primarily due to higher sales and adjusted2gross margin expansion, which were partially offset by incremental marketing investments to support the Company's \"Home, Happier\" campaign as well as the initial launches of the Company's Owned Brands.</li>\n <li>Net loss per diluted share of$0.48includes approximately$56 millionfrom special items. Excluding special items, adjusted2net earnings per diluted share was$0.05. Special items reflect charges such as non-cash impairments related to certain store-level assets and tradenames, loss on sale of businesses, loss on the extinguishment of debt, and charges recorded in connection with the Company's restructuring and transformation initiatives. Restructuring and transformation initiatives includes accelerated markdowns and inventory reserves related to the planned assortment transition to Owned Brands and costs associated with store closures related to the Company's fleet optimization, and the income tax impact of these items.</li>\n <li>As expected, operating cash flow usage of$28 millionwas in-line with historical first quarter seasonality and working capital needs. Accordingly, free cash flow5was an investment of$102 millionas a result of$74 millionof planned capital expenditures in connection with store remodels, supply chain and IT systems.</li>\n <li>Inventory reduced by approximately$110 millioncompared to the end of fiscal 2020, was primarily related to seasonal selling and product transitions in preparation for the introduction of the Company's Owned Brands, as well as store closures related to the Company's fleet optimization activity.</li>\n <li>$130 millionin capital return to shareholders through share repurchases.</li>\n <li>Cash, cash equivalents, restricted cash and investments balance were approximately$1.2 billion.</li>\n <li>Total Liquidity4was approximately$1.9 billion, including the Company's asset based revolving credit facility.</li>\n</ul>\n<p><b><u>Guidance Outlook</u></b></p>\n<p>As a reminder,Net Salesthroughout fiscal 2021 include the Company's Core1businesses and reflects planned reductions related to the Company's store fleet optimization activity.</p>\n<p><u>Fiscal 2021 Second Quarter Outlook</u></p>\n<p>The Company expects fiscal 2021 second quarterNet Salesof between$2.04 billionto$2.08 billion, which only reflects sales from the Company's Core1businesses. Net Salesalso includes planned sales reductions from the Company's store fleet optimization program of approximately 9% to 10%. On a Comparable Sales basis, the Company expects to achieve growth in the low-single digit range compared to the prior year period.</p>\n<p>The Company expects to achieve Adjusted2Gross Margin in the range of 35% to 36%. This represents a sequential improvement versus the 2021 fiscal first quarter primarily driven by continued assortment curation and a higher penetration of the Company's Owned Brands. Additionally, this guidance reflects the on-going, year-over-year impact of higher, industry-wide freight costs.</p>\n<p>The Company expects Adjusted2EBITDA between $150 millionto$160 millionand Adjusted2EPS in the range of$0.48to$0.55for the fiscal 2021 second quarter.</p>\n<p><u>Fiscal Year 2021 Outlook</u></p>\n<p>Based on strong performance in the fiscal first quarter and current expectations for the fiscal second quarter, the Company is raising its fiscal year 2021 guidance outlook.</p>\n<p>The Company now expects higher fiscal year 2021 Net Sales of$8.2 billionto$8.4 billionfrom$8.0 billionto$8.2 billion. The Company is raising comparable sales expectations for the second through fourth quarters of fiscal 2021 to the Low-Single Digit growth range versus its previously communicated guidance outlook for Flat comparable sales growth. This compares to the Company's robust sales performance during the second through fourth quarters of fiscal 2020.</p>\n<p>The Company is also increasing its Adjusted2EBITDA guidance to a range of$520 millionto$540 millionfrom$500 millionto$525 millionand re-introduces a full fiscal year 2021 Adjusted2EPS range of$1.40to$1.55.</p>\n<p>The Company is reaffirming its previously issued guidance for Adjusted2Gross Margin of approximately 35% and Adjusted2SG&A of approximately 31%.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bed Bath & Beyond Inc. Reports Strong First Quarter Results With Sales And Gross Margin Ahead Of Expectations; Transformation Ahead Of Plan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBed Bath & Beyond Inc. Reports Strong First Quarter Results With Sales And Gross Margin Ahead Of Expectations; Transformation Ahead Of Plan\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-30 19:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Net Sales of $1,954M</b></p>\n<p><b>Core Sales Growth of 73%; Comparable Sales Growth of 86%</b></p>\n<p><b>GAAP Gross Margin of 32.4%; Adjusted Gross Margin of 34.9%</b></p>\n<p><b>Adjusted EBITDA of $86 Million</b></p>\n<p><b>Raises Full Fiscal Year 2021 Outlook</b></p>\n<p>Bed Bath &Beyond Inc.(NASDAQ: BBBY) today reported financial results for the first quarter of fiscal 2021 ended May 29, 2021.</p>\n<p><img src=\"https://static.tigerbbs.com/bbde26abbfa8e2d0a0eb617f3b285efe\" tg-width=\"937\" tg-height=\"481\" referrerpolicy=\"no-referrer\"></p>\n<p>Bed Bath & Beyond shares surged 7% in premarket trading.</p>\n<p><img src=\"https://static.tigerbbs.com/ba5cc7a253c1a20f9a1b0d3f2e6fdbfa\" tg-width=\"924\" tg-height=\"663\" referrerpolicy=\"no-referrer\"></p>\n<p><b><u>Q1 Highlights</u></b></p>\n<ul>\n <li>Core1Sales growth of +73%; Comparable3Sales growth of +86% versus Q1 2020</li>\n <li>Comparable Sales growth for Total Enterprise +3% compared to Q1 2019</li>\n <li>Gross Margin of 32.4% and Adjusted2Gross Margin of 34.9%, primarily driven by Owned Brand launches and channel mix shift due to normalized digital penetration versus the COVID-19 period last year</li>\n <li>Q1 Adjusted2EBITDA of$86 millioninclusive of incremental marketing investments during the quarter</li>\n <li>Establishes guidance outlook for 2021 second quarter</li>\n <li>Raises full fiscal year 2021 guidance outlook on Sales and Adjusted2EBITDA; Re-establishes Adjusted EPS guidance</li>\n</ul>\n<p><b><u>Fiscal 2021 First Quarter Results (March-April-May)</u></b></p>\n<ul>\n <li>Net sales were$1.95 billion, reflecting Core1banner sales growth of 73% compared to the prior year period. Net sales growth versus last year was primarily driven by an increase inBed Bath & Beyondbanner sales.</li>\n <ul>\n <li>Net sales included planned reductions of 24% from non-core banner divestitures.</li>\n </ul>\n <li>Comparable3sales increased 86% compared to the prior year period, which excludes the impact of the Company's fleet optimization activity. Compared to 2019 fiscal first quarter, total enterprise comparable sales increased 3%, driven by digital sales growth of 84%.</li>\n <ul>\n <li>Comparable3sales included an estimated 13% impact from fleet optimization activity when compared to the fiscal 2020 first quarter.</li>\n </ul>\n <li>Bed Bath & Beyondbanner sales increased 96% compared to the prior year period as the Company had a significant number of stores closed during the 2020 fiscal first quarter at the onset of the COVID-19 pandemic.</li>\n <ul>\n <li>Bed Bath & Beyondbanner sales were driven by growth in its key destination categories, which includes Bedding, Bath,Kitchen Food Prep,Indoor Decor and Home Organization. In total, these categories delivered strong sales growth of more than 100% compared to the 2020 fiscal first quarter and growth of 7% on a comparable sales basis versus the 2019 fiscal first quarter. These categories represented approximately two-thirds of totalBed Bath & Beyondbanner sales in the first quarter.</li>\n </ul>\n <li>The buybuy BABY banner continued to deliver positive sales growth with net sales increasing more than 20% compared to the 2020 fiscal first quarter, and an increase of low-single digits on a comparable sales basis versus the 2019 fiscal first quarter. Comparable sales were driven by more than 50% growth in digital.</li>\n <li>Gross margin was 32.4% for the quarter. Excluding special items from both periods, adjusted2gross margin increased 820 basis points to 34.9%, primarily driven by a favorable product mix from Owned Brand launches as well as a more normalized mix of digital sales coupled with a strong recovery in store sales growth.</li>\n <li>SG&A expense, on both a GAAP and adjusted basis, decreased significantly compared to the prior year period, primarily due to cost reductions including divestitures of non-core assets and lower rent and occupancy expenses on more efficient stores. This was partially offset by incremental marketing investments to support the Company's \"Home, Happier\" campaign as well as the initial launches of the Company's Owned Brands.</li>\n <li>Adjusted2EBITDA for the period improved to$86 millioncompared to last year, primarily due to higher sales and adjusted2gross margin expansion, which were partially offset by incremental marketing investments to support the Company's \"Home, Happier\" campaign as well as the initial launches of the Company's Owned Brands.</li>\n <li>Net loss per diluted share of$0.48includes approximately$56 millionfrom special items. Excluding special items, adjusted2net earnings per diluted share was$0.05. Special items reflect charges such as non-cash impairments related to certain store-level assets and tradenames, loss on sale of businesses, loss on the extinguishment of debt, and charges recorded in connection with the Company's restructuring and transformation initiatives. Restructuring and transformation initiatives includes accelerated markdowns and inventory reserves related to the planned assortment transition to Owned Brands and costs associated with store closures related to the Company's fleet optimization, and the income tax impact of these items.</li>\n <li>As expected, operating cash flow usage of$28 millionwas in-line with historical first quarter seasonality and working capital needs. Accordingly, free cash flow5was an investment of$102 millionas a result of$74 millionof planned capital expenditures in connection with store remodels, supply chain and IT systems.</li>\n <li>Inventory reduced by approximately$110 millioncompared to the end of fiscal 2020, was primarily related to seasonal selling and product transitions in preparation for the introduction of the Company's Owned Brands, as well as store closures related to the Company's fleet optimization activity.</li>\n <li>$130 millionin capital return to shareholders through share repurchases.</li>\n <li>Cash, cash equivalents, restricted cash and investments balance were approximately$1.2 billion.</li>\n <li>Total Liquidity4was approximately$1.9 billion, including the Company's asset based revolving credit facility.</li>\n</ul>\n<p><b><u>Guidance Outlook</u></b></p>\n<p>As a reminder,Net Salesthroughout fiscal 2021 include the Company's Core1businesses and reflects planned reductions related to the Company's store fleet optimization activity.</p>\n<p><u>Fiscal 2021 Second Quarter Outlook</u></p>\n<p>The Company expects fiscal 2021 second quarterNet Salesof between$2.04 billionto$2.08 billion, which only reflects sales from the Company's Core1businesses. Net Salesalso includes planned sales reductions from the Company's store fleet optimization program of approximately 9% to 10%. On a Comparable Sales basis, the Company expects to achieve growth in the low-single digit range compared to the prior year period.</p>\n<p>The Company expects to achieve Adjusted2Gross Margin in the range of 35% to 36%. This represents a sequential improvement versus the 2021 fiscal first quarter primarily driven by continued assortment curation and a higher penetration of the Company's Owned Brands. Additionally, this guidance reflects the on-going, year-over-year impact of higher, industry-wide freight costs.</p>\n<p>The Company expects Adjusted2EBITDA between $150 millionto$160 millionand Adjusted2EPS in the range of$0.48to$0.55for the fiscal 2021 second quarter.</p>\n<p><u>Fiscal Year 2021 Outlook</u></p>\n<p>Based on strong performance in the fiscal first quarter and current expectations for the fiscal second quarter, the Company is raising its fiscal year 2021 guidance outlook.</p>\n<p>The Company now expects higher fiscal year 2021 Net Sales of$8.2 billionto$8.4 billionfrom$8.0 billionto$8.2 billion. The Company is raising comparable sales expectations for the second through fourth quarters of fiscal 2021 to the Low-Single Digit growth range versus its previously communicated guidance outlook for Flat comparable sales growth. This compares to the Company's robust sales performance during the second through fourth quarters of fiscal 2020.</p>\n<p>The Company is also increasing its Adjusted2EBITDA guidance to a range of$520 millionto$540 millionfrom$500 millionto$525 millionand re-introduces a full fiscal year 2021 Adjusted2EPS range of$1.40to$1.55.</p>\n<p>The Company is reaffirming its previously issued guidance for Adjusted2Gross Margin of approximately 35% and Adjusted2SG&A of approximately 31%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BBBY":"Bed Bath & Beyond, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167249015","content_text":"Net Sales of $1,954M\nCore Sales Growth of 73%; Comparable Sales Growth of 86%\nGAAP Gross Margin of 32.4%; Adjusted Gross Margin of 34.9%\nAdjusted EBITDA of $86 Million\nRaises Full Fiscal Year 2021 Outlook\nBed Bath &Beyond Inc.(NASDAQ: BBBY) today reported financial results for the first quarter of fiscal 2021 ended May 29, 2021.\n\nBed Bath & Beyond shares surged 7% in premarket trading.\n\nQ1 Highlights\n\nCore1Sales growth of +73%; Comparable3Sales growth of +86% versus Q1 2020\nComparable Sales growth for Total Enterprise +3% compared to Q1 2019\nGross Margin of 32.4% and Adjusted2Gross Margin of 34.9%, primarily driven by Owned Brand launches and channel mix shift due to normalized digital penetration versus the COVID-19 period last year\nQ1 Adjusted2EBITDA of$86 millioninclusive of incremental marketing investments during the quarter\nEstablishes guidance outlook for 2021 second quarter\nRaises full fiscal year 2021 guidance outlook on Sales and Adjusted2EBITDA; Re-establishes Adjusted EPS guidance\n\nFiscal 2021 First Quarter Results (March-April-May)\n\nNet sales were$1.95 billion, reflecting Core1banner sales growth of 73% compared to the prior year period. Net sales growth versus last year was primarily driven by an increase inBed Bath & Beyondbanner sales.\n\nNet sales included planned reductions of 24% from non-core banner divestitures.\n\nComparable3sales increased 86% compared to the prior year period, which excludes the impact of the Company's fleet optimization activity. Compared to 2019 fiscal first quarter, total enterprise comparable sales increased 3%, driven by digital sales growth of 84%.\n\nComparable3sales included an estimated 13% impact from fleet optimization activity when compared to the fiscal 2020 first quarter.\n\nBed Bath & Beyondbanner sales increased 96% compared to the prior year period as the Company had a significant number of stores closed during the 2020 fiscal first quarter at the onset of the COVID-19 pandemic.\n\nBed Bath & Beyondbanner sales were driven by growth in its key destination categories, which includes Bedding, Bath,Kitchen Food Prep,Indoor Decor and Home Organization. In total, these categories delivered strong sales growth of more than 100% compared to the 2020 fiscal first quarter and growth of 7% on a comparable sales basis versus the 2019 fiscal first quarter. These categories represented approximately two-thirds of totalBed Bath & Beyondbanner sales in the first quarter.\n\nThe buybuy BABY banner continued to deliver positive sales growth with net sales increasing more than 20% compared to the 2020 fiscal first quarter, and an increase of low-single digits on a comparable sales basis versus the 2019 fiscal first quarter. Comparable sales were driven by more than 50% growth in digital.\nGross margin was 32.4% for the quarter. Excluding special items from both periods, adjusted2gross margin increased 820 basis points to 34.9%, primarily driven by a favorable product mix from Owned Brand launches as well as a more normalized mix of digital sales coupled with a strong recovery in store sales growth.\nSG&A expense, on both a GAAP and adjusted basis, decreased significantly compared to the prior year period, primarily due to cost reductions including divestitures of non-core assets and lower rent and occupancy expenses on more efficient stores. This was partially offset by incremental marketing investments to support the Company's \"Home, Happier\" campaign as well as the initial launches of the Company's Owned Brands.\nAdjusted2EBITDA for the period improved to$86 millioncompared to last year, primarily due to higher sales and adjusted2gross margin expansion, which were partially offset by incremental marketing investments to support the Company's \"Home, Happier\" campaign as well as the initial launches of the Company's Owned Brands.\nNet loss per diluted share of$0.48includes approximately$56 millionfrom special items. Excluding special items, adjusted2net earnings per diluted share was$0.05. Special items reflect charges such as non-cash impairments related to certain store-level assets and tradenames, loss on sale of businesses, loss on the extinguishment of debt, and charges recorded in connection with the Company's restructuring and transformation initiatives. Restructuring and transformation initiatives includes accelerated markdowns and inventory reserves related to the planned assortment transition to Owned Brands and costs associated with store closures related to the Company's fleet optimization, and the income tax impact of these items.\nAs expected, operating cash flow usage of$28 millionwas in-line with historical first quarter seasonality and working capital needs. Accordingly, free cash flow5was an investment of$102 millionas a result of$74 millionof planned capital expenditures in connection with store remodels, supply chain and IT systems.\nInventory reduced by approximately$110 millioncompared to the end of fiscal 2020, was primarily related to seasonal selling and product transitions in preparation for the introduction of the Company's Owned Brands, as well as store closures related to the Company's fleet optimization activity.\n$130 millionin capital return to shareholders through share repurchases.\nCash, cash equivalents, restricted cash and investments balance were approximately$1.2 billion.\nTotal Liquidity4was approximately$1.9 billion, including the Company's asset based revolving credit facility.\n\nGuidance Outlook\nAs a reminder,Net Salesthroughout fiscal 2021 include the Company's Core1businesses and reflects planned reductions related to the Company's store fleet optimization activity.\nFiscal 2021 Second Quarter Outlook\nThe Company expects fiscal 2021 second quarterNet Salesof between$2.04 billionto$2.08 billion, which only reflects sales from the Company's Core1businesses. Net Salesalso includes planned sales reductions from the Company's store fleet optimization program of approximately 9% to 10%. On a Comparable Sales basis, the Company expects to achieve growth in the low-single digit range compared to the prior year period.\nThe Company expects to achieve Adjusted2Gross Margin in the range of 35% to 36%. This represents a sequential improvement versus the 2021 fiscal first quarter primarily driven by continued assortment curation and a higher penetration of the Company's Owned Brands. Additionally, this guidance reflects the on-going, year-over-year impact of higher, industry-wide freight costs.\nThe Company expects Adjusted2EBITDA between $150 millionto$160 millionand Adjusted2EPS in the range of$0.48to$0.55for the fiscal 2021 second quarter.\nFiscal Year 2021 Outlook\nBased on strong performance in the fiscal first quarter and current expectations for the fiscal second quarter, the Company is raising its fiscal year 2021 guidance outlook.\nThe Company now expects higher fiscal year 2021 Net Sales of$8.2 billionto$8.4 billionfrom$8.0 billionto$8.2 billion. The Company is raising comparable sales expectations for the second through fourth quarters of fiscal 2021 to the Low-Single Digit growth range versus its previously communicated guidance outlook for Flat comparable sales growth. This compares to the Company's robust sales performance during the second through fourth quarters of fiscal 2020.\nThe Company is also increasing its Adjusted2EBITDA guidance to a range of$520 millionto$540 millionfrom$500 millionto$525 millionand re-introduces a full fiscal year 2021 Adjusted2EPS range of$1.40to$1.55.\nThe Company is reaffirming its previously issued guidance for Adjusted2Gross Margin of approximately 35% and Adjusted2SG&A of approximately 31%.","news_type":1,"symbols_score_info":{"BBBY":0.9}},"isVote":1,"tweetType":1,"viewCount":1877,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153728921,"gmtCreate":1625052451063,"gmtModify":1703734896348,"author":{"id":"3586948797661356","authorId":"3586948797661356","name":"Qiaoling","avatar":"https://static.tigerbbs.com/dfc1fdc80e9d880b81b469af005c1363","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586948797661356","idStr":"3586948797661356"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153728921","repostId":"1150186389","repostType":4,"isVote":1,"tweetType":1,"viewCount":2127,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159559538,"gmtCreate":1624975100024,"gmtModify":1703849227713,"author":{"id":"3586948797661356","authorId":"3586948797661356","name":"Qiaoling","avatar":"https://static.tigerbbs.com/dfc1fdc80e9d880b81b469af005c1363","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586948797661356","idStr":"3586948797661356"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/Z74.SI\">$SINGTEL(Z74.SI)$</a>?","listText":"<a href=\"https://laohu8.com/S/Z74.SI\">$SINGTEL(Z74.SI)$</a>?","text":"$SINGTEL(Z74.SI)$?","images":[{"img":"https://static.tigerbbs.com/b2693d9a1bbf54351977459df48cb688","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159559538","isVote":1,"tweetType":1,"viewCount":2305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":162648046,"gmtCreate":1624063052185,"gmtModify":1703827828478,"author":{"id":"3586948797661356","authorId":"3586948797661356","name":"Qiaoling","avatar":"https://static.tigerbbs.com/dfc1fdc80e9d880b81b469af005c1363","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586948797661356","idStr":"3586948797661356"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/162648046","repostId":"2144449657","repostType":2,"repost":{"id":"2144449657","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1623939199,"share":"https://ttm.financial/m/news/2144449657?lang=&edition=fundamental","pubTime":"2021-06-17 22:13","market":"hk","language":"en","title":"Mid-Morning Market Update: Markets Mixed; Kroger Earnings Top Views","url":"https://stock-news.laohu8.com/highlight/detail?id=2144449657","media":"Benzinga","summary":"Following the market opening Thursday, the Dow traded down 0.29% to 33,935.28 while the NASDAQ rose 0.34% to 14,086.74. The S&P also fell, dropping 0.01% to 4,223.07.","content":"<html><body><p>Following the market opening Thursday, the Dow traded down 0.29% to 33,935.28 while the NASDAQ rose 0.34% to 14,086.74. The S&P also fell, dropping 0.01% to 4,223.07.</p>\n<p>The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 33,498,510 cases with around 600,650 deaths. India confirmed a total of at least 29,700,310 cases and 381,900 deaths, while Brazil reported over 17,628,580 COVID-19 cases with 493,690 deaths. In total, there were at least 177,069,910 cases of COVID-19 worldwide with more than 3,833,790 deaths, according to data compiled by Johns Hopkins University.</p>\n<p>\n<strong>Leading and Lagging Sectors</strong></p>\n<p>\r\nInformation technology shares rose 0.6% on Thursday. Meanwhile, top gainers in the sector included <strong> ACM Research, Inc.</strong> (NASDAQ:ACMR), up 5%, and <strong> <a href=\"https://laohu8.com/S/MASS\">908 Devices Inc.</a></strong> (NASDAQ:MASS), up 5%.</p>\n<p>\r\nIn trading on Thursday, materials shares fell 1.3%.</p>\n<p>\n<strong>Top Headline</strong></p>\n<p><strong>The Kroger Co.</strong> (NYSE:KR) reported stronger-than-expected results for its first quarter and announced a $1 billion buyback program.</p>\n<p>Kroger reported quarterly earnings of $1.19 per share, exceeding analysts’ estimates of $1.01 per share. The company’s quarterly sales came in at $41.30 billion, topping expectations of $39.78 billion.</p>\n<p>Kroger boosted its FY21 adjusted EPS guidance from $2.75-$2.95 to $2.95-$3.10.</p>\n<p><strong>Equities Trading UP</strong></p>\n<p>\n<strong><a href=\"https://laohu8.com/S/APOP\">Cellect Biotechnology Ltd.</a></strong> (NASDAQ:APOP) shares shot up 60% to $5.24 after the company announced it filed a registration statement in connect with the proposed merger agreement with Quoin Pharmaceuticals.</p>\n<p>\r\nShares of <strong> Midatech Pharma plc </strong> (NASDAQ:MTP) got a boost, shooting 54% to $3.1499 after the company announced breakthrough data using Q-Sphera technology.</p>\n<p>\n<strong>9F Inc.</strong> (NASDAQ:JFU) shares were also up, gaining 35% to $3.02 after dropping 15% on Wednesday.</p>\n<p><em>Check out these big movers of the day</em></p>\n<p>\n<strong>Equities Trading DOWN</strong></p>\n<p><strong>CureVac N.V. </strong> (NASDAQ:CVAC) shares tumbled 48% to $48.88 after the company said results of the second interim analysis of CureVac's international Phase 2b/3 study of its first-generation vaccine candidate showed vaccine efficacy of 47% against COVID-19 disease of any severity. The company also said the trial did not meet prespecified statistical success criteria.</p>\n<p>Shares of <strong> Novan, Inc.</strong> (NASDAQ:NOVN) were down 19% to $11.17 after the company priced its 3.6 million share offering at $11 per share.</p>\n<p><strong>Torchlight Energy Resources, Inc.</strong> (NASDAQ:TRCH) was down, falling 18% to $4.8950 after jumping 18% on Wednesday. The company late Monday declared a special dividend and said its combination with Metamaterial is expected to close before the end of June.</p>\n<p><strong>Commodities</strong></p>\n<p>\r\nIn commodity news, oil traded down 0.1% to $72.12, while gold traded down 3.1% to $1,804.20.</p>\n<p>\r\nSilver traded down 3.6% Thursday to $26.80 while copper fell 1.8% to $4.3050.</p>\n<p>\n<strong>Euro zone</strong></p>\n<p>European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.4%, the Spanish Ibex Index rose 0.2% and the German DAX 30 fell 0.1%. Meanwhile, the London’s FTSE 100 fell 0.5%, French CAC 40 slipped 0.1% and Italy’s FTSE MIB fell 0.2%.</p>\n<p>Passenger car registrations in the European Union surged 53.4% year-over-year to 891,665 units in May. Spanish trade deficit shrank to EUR 1.30 billion in April from EUR 1.52 billion in the year-ago month, while Italy swung to a trade surplus of EUR 5.870 billion in April versus a EUR 1.117 billion gap in the year-ago period.</p>\n<p>\n<strong>Economics</strong></p>\n<p>US initial jobless claims increased to 412 thousand last week, recording the first rise in more than <a href=\"https://laohu8.com/S/AONE\">one</a> month.</p>\n<p>\r\nThe Philadelphia Fed manufacturing index declined to 30.7 in June versus 31.5 in May.</p>\n<p>\r\nThe index of leading economic indicators rose 1.3% for May.</p>\n<p>\r\nThe Energy Information Administration’s weekly report on natural gas stocks in underground storage is scheduled for release at 10:30 a.m. ET.</p>\n<p>\r\nThe Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.</p>\n<p><em>Check out the full economic calendar here </em></p>\n</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mid-Morning Market Update: Markets Mixed; Kroger Earnings Top Views</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMid-Morning Market Update: Markets Mixed; Kroger Earnings Top Views\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-06-17 22:13</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>Following the market opening Thursday, the Dow traded down 0.29% to 33,935.28 while the NASDAQ rose 0.34% to 14,086.74. The S&P also fell, dropping 0.01% to 4,223.07.</p>\n<p>The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 33,498,510 cases with around 600,650 deaths. India confirmed a total of at least 29,700,310 cases and 381,900 deaths, while Brazil reported over 17,628,580 COVID-19 cases with 493,690 deaths. In total, there were at least 177,069,910 cases of COVID-19 worldwide with more than 3,833,790 deaths, according to data compiled by Johns Hopkins University.</p>\n<p>\n<strong>Leading and Lagging Sectors</strong></p>\n<p>\r\nInformation technology shares rose 0.6% on Thursday. Meanwhile, top gainers in the sector included <strong> ACM Research, Inc.</strong> (NASDAQ:ACMR), up 5%, and <strong> <a href=\"https://laohu8.com/S/MASS\">908 Devices Inc.</a></strong> (NASDAQ:MASS), up 5%.</p>\n<p>\r\nIn trading on Thursday, materials shares fell 1.3%.</p>\n<p>\n<strong>Top Headline</strong></p>\n<p><strong>The Kroger Co.</strong> (NYSE:KR) reported stronger-than-expected results for its first quarter and announced a $1 billion buyback program.</p>\n<p>Kroger reported quarterly earnings of $1.19 per share, exceeding analysts’ estimates of $1.01 per share. The company’s quarterly sales came in at $41.30 billion, topping expectations of $39.78 billion.</p>\n<p>Kroger boosted its FY21 adjusted EPS guidance from $2.75-$2.95 to $2.95-$3.10.</p>\n<p><strong>Equities Trading UP</strong></p>\n<p>\n<strong><a href=\"https://laohu8.com/S/APOP\">Cellect Biotechnology Ltd.</a></strong> (NASDAQ:APOP) shares shot up 60% to $5.24 after the company announced it filed a registration statement in connect with the proposed merger agreement with Quoin Pharmaceuticals.</p>\n<p>\r\nShares of <strong> Midatech Pharma plc </strong> (NASDAQ:MTP) got a boost, shooting 54% to $3.1499 after the company announced breakthrough data using Q-Sphera technology.</p>\n<p>\n<strong>9F Inc.</strong> (NASDAQ:JFU) shares were also up, gaining 35% to $3.02 after dropping 15% on Wednesday.</p>\n<p><em>Check out these big movers of the day</em></p>\n<p>\n<strong>Equities Trading DOWN</strong></p>\n<p><strong>CureVac N.V. </strong> (NASDAQ:CVAC) shares tumbled 48% to $48.88 after the company said results of the second interim analysis of CureVac's international Phase 2b/3 study of its first-generation vaccine candidate showed vaccine efficacy of 47% against COVID-19 disease of any severity. The company also said the trial did not meet prespecified statistical success criteria.</p>\n<p>Shares of <strong> Novan, Inc.</strong> (NASDAQ:NOVN) were down 19% to $11.17 after the company priced its 3.6 million share offering at $11 per share.</p>\n<p><strong>Torchlight Energy Resources, Inc.</strong> (NASDAQ:TRCH) was down, falling 18% to $4.8950 after jumping 18% on Wednesday. The company late Monday declared a special dividend and said its combination with Metamaterial is expected to close before the end of June.</p>\n<p><strong>Commodities</strong></p>\n<p>\r\nIn commodity news, oil traded down 0.1% to $72.12, while gold traded down 3.1% to $1,804.20.</p>\n<p>\r\nSilver traded down 3.6% Thursday to $26.80 while copper fell 1.8% to $4.3050.</p>\n<p>\n<strong>Euro zone</strong></p>\n<p>European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.4%, the Spanish Ibex Index rose 0.2% and the German DAX 30 fell 0.1%. Meanwhile, the London’s FTSE 100 fell 0.5%, French CAC 40 slipped 0.1% and Italy’s FTSE MIB fell 0.2%.</p>\n<p>Passenger car registrations in the European Union surged 53.4% year-over-year to 891,665 units in May. Spanish trade deficit shrank to EUR 1.30 billion in April from EUR 1.52 billion in the year-ago month, while Italy swung to a trade surplus of EUR 5.870 billion in April versus a EUR 1.117 billion gap in the year-ago period.</p>\n<p>\n<strong>Economics</strong></p>\n<p>US initial jobless claims increased to 412 thousand last week, recording the first rise in more than <a href=\"https://laohu8.com/S/AONE\">one</a> month.</p>\n<p>\r\nThe Philadelphia Fed manufacturing index declined to 30.7 in June versus 31.5 in May.</p>\n<p>\r\nThe index of leading economic indicators rose 1.3% for May.</p>\n<p>\r\nThe Energy Information Administration’s weekly report on natural gas stocks in underground storage is scheduled for release at 10:30 a.m. ET.</p>\n<p>\r\nThe Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.</p>\n<p><em>Check out the full economic calendar here </em></p>\n</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JFU":"玖富","MASS":"908 Devices Inc.","ACMR":"Acm Research Inc.","KR":"克罗格","CVAC":"CureVac B.V."},"source_url":"https://www.benzinga.com/news/earnings/21/06/21608278/mid-morning-market-update-markets-mixed-kroger-earnings-top-views","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144449657","content_text":"Following the market opening Thursday, the Dow traded down 0.29% to 33,935.28 while the NASDAQ rose 0.34% to 14,086.74. The S&P also fell, dropping 0.01% to 4,223.07.\nThe U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 33,498,510 cases with around 600,650 deaths. India confirmed a total of at least 29,700,310 cases and 381,900 deaths, while Brazil reported over 17,628,580 COVID-19 cases with 493,690 deaths. In total, there were at least 177,069,910 cases of COVID-19 worldwide with more than 3,833,790 deaths, according to data compiled by Johns Hopkins University.\n\nLeading and Lagging Sectors\n\r\nInformation technology shares rose 0.6% on Thursday. Meanwhile, top gainers in the sector included ACM Research, Inc. (NASDAQ:ACMR), up 5%, and 908 Devices Inc. (NASDAQ:MASS), up 5%.\n\r\nIn trading on Thursday, materials shares fell 1.3%.\n\nTop Headline\nThe Kroger Co. (NYSE:KR) reported stronger-than-expected results for its first quarter and announced a $1 billion buyback program.\nKroger reported quarterly earnings of $1.19 per share, exceeding analysts’ estimates of $1.01 per share. The company’s quarterly sales came in at $41.30 billion, topping expectations of $39.78 billion.\nKroger boosted its FY21 adjusted EPS guidance from $2.75-$2.95 to $2.95-$3.10.\nEquities Trading UP\n\nCellect Biotechnology Ltd. (NASDAQ:APOP) shares shot up 60% to $5.24 after the company announced it filed a registration statement in connect with the proposed merger agreement with Quoin Pharmaceuticals.\n\r\nShares of Midatech Pharma plc (NASDAQ:MTP) got a boost, shooting 54% to $3.1499 after the company announced breakthrough data using Q-Sphera technology.\n\n9F Inc. (NASDAQ:JFU) shares were also up, gaining 35% to $3.02 after dropping 15% on Wednesday.\nCheck out these big movers of the day\n\nEquities Trading DOWN\nCureVac N.V. (NASDAQ:CVAC) shares tumbled 48% to $48.88 after the company said results of the second interim analysis of CureVac's international Phase 2b/3 study of its first-generation vaccine candidate showed vaccine efficacy of 47% against COVID-19 disease of any severity. The company also said the trial did not meet prespecified statistical success criteria.\nShares of Novan, Inc. (NASDAQ:NOVN) were down 19% to $11.17 after the company priced its 3.6 million share offering at $11 per share.\nTorchlight Energy Resources, Inc. (NASDAQ:TRCH) was down, falling 18% to $4.8950 after jumping 18% on Wednesday. The company late Monday declared a special dividend and said its combination with Metamaterial is expected to close before the end of June.\nCommodities\n\r\nIn commodity news, oil traded down 0.1% to $72.12, while gold traded down 3.1% to $1,804.20.\n\r\nSilver traded down 3.6% Thursday to $26.80 while copper fell 1.8% to $4.3050.\n\nEuro zone\nEuropean shares were mostly lower today. The eurozone’s STOXX 600 fell 0.4%, the Spanish Ibex Index rose 0.2% and the German DAX 30 fell 0.1%. Meanwhile, the London’s FTSE 100 fell 0.5%, French CAC 40 slipped 0.1% and Italy’s FTSE MIB fell 0.2%.\nPassenger car registrations in the European Union surged 53.4% year-over-year to 891,665 units in May. Spanish trade deficit shrank to EUR 1.30 billion in April from EUR 1.52 billion in the year-ago month, while Italy swung to a trade surplus of EUR 5.870 billion in April versus a EUR 1.117 billion gap in the year-ago period.\n\nEconomics\nUS initial jobless claims increased to 412 thousand last week, recording the first rise in more than one month.\n\r\nThe Philadelphia Fed manufacturing index declined to 30.7 in June versus 31.5 in May.\n\r\nThe index of leading economic indicators rose 1.3% for May.\n\r\nThe Energy Information Administration’s weekly report on natural gas stocks in underground storage is scheduled for release at 10:30 a.m. ET.\n\r\nThe Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.\nCheck out the full economic calendar here","news_type":1,"symbols_score_info":{"JFU":0.9,"MASS":0.9,"NOVN":0.9,"ACMR":0.9,"MTP":0.9,"TRCH":0.9,"KR":1,"APOP":0.9,"CVAC":0.9}},"isVote":1,"tweetType":1,"viewCount":1924,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}
