Morning Earnings Wrap Up for Wednesday, March 22, 2023
Top Earnings News
Petco Health and Wellness Company Beat Expectations
Petco Health and Wellness Company (WOOF) reported earnings of $0.23 per share on revenue of $1.58 billion for the fiscal fourth quarter ended January 2023. The consensus earnings estimate was $0.24 per share on revenue of $1.57 billion. The Earnings Whisper number was $0.22 per share. The company beat expectations by 4.55% while revenue grew 4.20% on a year-over-year basis.
The company said it expects fiscal 2024 non-GAAP earnings of $0.54 to $0.62 per share on revenue of $6.150 billion to $6.275 billion. The current consensus earnings estimate is $0.70 per share on revenue of $6.35 billion for the year ending January 31, 2024.
Petco is a category-defining health and wellness company focused on improving the lives of pets, pet parents and our own Petco partners.
Ollie's Bargain Outlet Beat Expectations
Ollie's Bargain Outlet (OLLI) reported earnings of $0.84 per share on revenue of $549.79 million for the fiscal fourth quarter ended January 2023. The consensus earnings estimate was $0.80 per share on revenue of $541.88 million. The Earnings Whisper number was $0.78 per share. The company beat expectations by 7.69% while revenue grew 9.71% on a year-over-year basis.
The company said it expects fiscal 2024 earnings of $2.49 to $2.58 per share on revenue of $2.036 billion to $2.058 billion. The current consensus earnings estimate is $2.37 per share on revenue of $2.00 billion for the year ending January 31, 2024.
Ollie’s Bargain Outlet Holdings is America’s largest retailer of Closeout merchandise and excess inventory, offering Real Brands and Real Bargain prices®!
Top Positive Guidance
Greenbrier Guides Above Estimates
Greenbrier Companies Inc. (GBX) said it expects second quarter earnings of $0.95 to $1.00 per share on revenue of approximately $1.10 billion. The current consensus earnings estimate is $0.33 per share on revenue of $819.70 million for the quarter ending February 28, 2023.
Greenbrier is a leading international supplier of equipment and services to global freight transportation markets.