Texas Based Academy Sports + Outdoors Earnings and Sales Surge Mitigating Supply Chain Headwinds

Academy Sports + Outdoors earnings were bolstered by the American enthusiasm for outdoor activities, sports, and recreation. $ASO beat top and bottom-line estimates for the sixth straight quarter and generated positive comparable store sales growth for the tenth consecutive quarter at +13.1% for 4Q22. The company also beat a very difficult yr/yr comparison of +16.1% in 4Q21. ASO’s diverse product line and flexible supply chain to mitigate many supply crisis headwinds. Like major competitor Dick’s Sporting Goods ($DKS), Academy capitalized on … Continue reading “Texas Based Academy Sports + Outdoors Earnings and Sales Surge Mitigating Supply Chain Headwinds”

Kohl’s Gets $9 Billion Bid 37% Above Market from Activist Hedge Fund

Department store chain Kohl’s Corp received an unsolicited offer from activist hedge fund Starboard Value LP to buy the company Friday. The WSJ reported that sources disclosed a group led by a group controlled by Starboard, Acacia Research Corp. offered to buy Kohl’s for $64 a share in cash. Acacia said it has received assurances from bankers it has financing for the bid. Reuters reported earlier this week that Acacia was exploring a possible bid for Kohl’s. Kohl’s $KSS shares … Continue reading “Kohl’s Gets $9 Billion Bid 37% Above Market from Activist Hedge Fund”

Oatly Group World’s Original and Largest Oatmilk Company Running Into Headwinds With Record High Oats Prices

Sweden’s Oatly Group is facing headwinds of oats futures near a 7-1/2 hear high. Drought slashed supplies from top global supplier Canada at a time of robust demand for the grain. $OTLY is expanding beyond milk to ice cream, yogurt, cooking creams, spreads and on-the-go drinks Swedish-based Oatley is the world’s original and largest oat milk company with offerings of milk to ice cream, yogurt, cooking creams, spreads, and on-the-go drinks. The company has run into headwinds with food supply … Continue reading “Oatly Group World’s Original and Largest Oatmilk Company Running Into Headwinds With Record High Oats Prices”

Harley Davidson Motorcycle Sales Soar as People Enjoy The Outdoors Again With A Hog

Motorcycle icon Harley Davidson reported much better than expected first quarter earnings Monday before the market. $HOG saw momentum building rapidly as the US economy opened up and ridership soared. $HOG rose 10% on the report.

Alcoa Earnings Hit By Lower Alumina Prices and Aluminum Demand

Aluminum producer Alcoa reported worse than expected third quarter earnings on Wednesday with a wider-than-expected loss hit by lower alumina prices. $AA has been hurt by demand, and the implications for the global economy with the Trade War affect and tariffs.