Retailers are overhauling their operations as technology redefines the shopping experience. Still, secular trends are working against their favor as e-commerce continues to take share from brick and mortars. This puts retail stocks in a tough spot, and over the past six months, the industry has pulled back by 3.7%. This performance is a stark contrast from the S&P 500’s 6.4% gain.
Coconut water company The Vita Coco Company (NASDAQ:COCO) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 19.9% year on year to $127.3 million. On the other hand, the company’s full-year revenue guidance of $562.5 million at the midpoint came in 1.2% below analysts’ estimates. Its GAAP profit of $0.06 per share was in line with analysts’ consensus estimates.
Infrastructure design software provider Bentley Systems (NASDAQ:BSY) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 12.6% year on year to $349.8 million. On the other hand, the company’s full-year revenue guidance of $1.48 billion at the midpoint came in 1.5% below analysts’ estimates. Its non-GAAP profit of $0.21 per share was in line with analysts’ consensus estimates.
Users can spend their Avalanche tokens (AVAX), wrapped AVAX as well as the USDT and USDC stablecoins at any store in person or online that takes Visa.
Biotechnology company United Therapeutics (NASDAQ:UTHR) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 19.7% year on year to $735.9 million. Its GAAP profit of $6.19 per share was 1.2% below analysts’ consensus estimates.
Beverage company Zevia (NYSE:ZVIA) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 4.4% year on year to $39.46 million. On the other hand, next quarter’s revenue guidance of $37 million was less impressive, coming in 10.1% below analysts’ estimates. Its GAAP loss of $0.09 per share was 15.4% below analysts’ consensus estimates.
George Bousis, founder and CEO of Raise, wants to put your $100 Walmart gift card on the blockchain.
Shoe and apparel company Steven Madden (NASDAQ:SHOO) announced better-than-expected revenue in Q4 CY2024, with sales up 12% year on year to $582.3 million. Its GAAP profit of $0.49 per share was 8.7% below analysts’ consensus estimates.
Self-storage and building solutions company Janus (NYSE:JBI) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, but sales fell by 12.5% year on year to $230.8 million. The company’s full-year revenue guidance of $875 million at the midpoint came in 3% above analysts’ estimates. Its non-GAAP profit of $0.05 per share was significantly above analysts’ consensus estimates.
