⁠Wall St Engine
$DKS delivered good Q1 results: EPS beat at $3.37 vs $3.20 est, rev came in at $3.17B vs $3.12B est. Comps up 4.5% for a 5th straight quarter of 4%+ growth. Reaffirmed FY25 EPS view of $13.80–$14.40 and comps up 1–3%. CEO says momentum and execution remain strong.
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Macy’s $M Q1 beat on both EPS ($0.16 vs $0.14 est) and revenue ($4.6B vs $4.4B est), but cut FY25 EPS view to $1.60–$2.00 from $2.05–$2.25. Maintains rev outlook at $21–$21.4B. CEO says strategy is on track, but tariff pressure and cautious consumer spending are weighing on the full-year outlook.
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Capri $CPRI posted a tough Q4, with a ($4.90) EPS hit due to a big tax allowance tied to Versace. FY26 rev guide was slashed to $3.3–$3.4B (vs $4.1B prior), as tariffs weigh on demand. Still, EPS outlook of $1.20–$1.40 topped estimates. CEO says turnaround is early but showing signs of life.
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$SPRO shares jumped after announcing the Phase 3 PIVOT-PO trial for tebipenem HBr will stop early for efficacy. The oral drug hit its primary endpoint in cUTI, showing non-inferiority to IV imipenem. No new safety issues flagged. GSK plans to file with the FDA in 2H 2025.
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Abercrombie $ANF delivered a strong Q1 with EPS of $1.59 vs $1.33 est. and 8% sales growth led by Hollister. But the company cut full-year EPS guidance to $9.50–$10.50 from $10.40–$11.40 and lowered Q2 EPS view to $2.10–$2.30 vs $2.47 est. Shares may react to the cautious outlook despite solid execution.
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OPEC+ MAY DISCUSS 2027 BASELINES AND AGREE JULY HIKE THIS WEEK, SOURCES SAY
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U.S STATE SPOKEWOMEN BRUCE: US READY TO DO MAXIMUM PRESSURE FRAMEWORK ON RUSSIA
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US mortgage apps dipped 1.2% last week, mostly from a drop in refis (-7%). Purchases were actually up a bit, but 30-year rates climbed to 6.98%, adding more pressure. With rates still sticky near 7%, housing activity could stay muted if this trend holds. —MBA data through May 23
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RayJay says restaurant short interest rose 6% in early May, led by big names like $SBUX (+31%). Overall SI is up 18% vs. 6mos ago. Despite that, small/mid-cap names rallied on better-than-expected May comps & consumer confidence. 14 out of 29 names have >10% short interest
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Toyota $TM plans to boost U.S. PHEV sales from just 2.4% last year to around 20% by 2030, sources told CNBC.
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NAVARRO: BOND MARKET IS WRONG ABOUT TRUMP'S BILL
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Shake Shack $SHAK is launching its first loyalty program to drive more frequent visits. Starting today, app users can get sodas for $1, & starting June 5, repeat orders of burgers or BBQ sandwiches will unlock discounts. A broader rewards platform is coming later this year - BBG https://t.co/Fps6aSJPWr
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Sable Offshore $SOC says no more repairs are needed for its Onshore Pipelines after a successful hydrotest of Line 325. All segments of Lines 324 and 325 are cleared for restart per the Consent Decree, as of May 27.
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Elon Musk’s xAI is partnering with Telegram to bring Grok to its billion+ users. Telegram will get $300M in cash & equity, plus 50% of revenue from xAI subs sold through its platform. The 1-year deal includes full integration of Grok into Telegram’s apps.
https://t.co/phUTRmX1wu
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REDDIT $RDDT TO JOIN RUSSELL 3000 INDEX
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RT @wallstengine: Make sure you’ve got notifications ON so you don’t miss any of my posts. 🔔 https://t.co/txzltSLIDm
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KREMLIN: MERZ STATEMENT ON LONG-RANGE WEAPONS PROVOKES WAR
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