Post by
retiredcf on Oct 16, 2022 12:48pm
Another View of Earnings
Adjusted EPS of $0.44 beat estimates of $0.35. Sales of $525M beat estimates of $454M. EBITDA of $82M was 12% ahead of estimates. Sales rose 50%, with in-store retail recovering very well. US sales rose 80%. E-commerce rose 33%. Margins decreased slightly, largely due to the fall off of covid subsidies and higher shipping costs. 2023 sales guidance was increased, with ATZ now expecting growth of 34% to 37%. It is also continuing to buyback shares, cancelling 1.7M shares already this year. These were solid results. (5iResearch)
Comment by
retiredcf on Oct 16, 2022 1:10pm
Why the big drop today? ATZ reported yesterday and the numbers were solid. It has had four target price upgrades in the last 24 hours. The stock rose 12% in the two days prior to earnings, so is just settling in. It remains up for the week. There was no corporate news today.