Deadly Listeria Outbreak In 6 States Linked To Contaminated Deli Meat And Cheese: CDC

Gold Sees Cautious Gains Amid Dollar Weakness

Gold edged higher on Friday but was heading for its first weekly decline in three on hawkish signals from Federal Reserve officials.

Spot gold rose 0.3 percent to $1,766.19 per ounce, while U.S. gold futures were up 0.3 percent at $1,768.05.

The dollar index inched lower in early European trade, offering some respite to bullion.

However, the dollar was still headed for its best week in a month in the wake of hawkish comments from more U.S. Federal Reserve officials.

St Louis Fed President James Bullard said the central bank needs to keep raising interest rates as its tightening has only ‘limited effects on observed inflation’.

Separately, Minneapolis Fed Bank President Neel Kashkari said the U.S. central bank should not stop rate hikes until it’s clear that inflation has peaked.

Elsewhere, the European Central Bank will keep raising rates as withdrawing accommodation may not be enough to curb inflation, ECB President Christine Lagarde said in a speech at a conference.

Foot Locker Q3 Adj. Profit Declines, Comps Up 0.8%; Raises 2022 EPS Guidance

Foot Locker, Inc. (FL) reported third quarter non-GAAP net income of $1.27 per share, compared with $1.74, a year ago. On average, 18 analysts polled by Thomson Reuters expected the company to report profit per share of $1.11, for the quarter. Analysts’ estimates typically exclude special items.

Net income was $96 million, or $1.01 per share, compared with $158 million, or $1.52 per share, prior-year.

Total sales decreased by 0.7%, to $2.17 billion. Excluding the effect of foreign exchange rate fluctuations, total sales increased by 3.3%. Third quarter comparable-store sales increased by 0.8%. Analysts on average had estimated $2.09 billion in revenue.

The company increased 2022 non GAAP EPS guidance to $4.42-$4.50, from prior range of $4.25-$4.45. Comp sales are projected to be down 4% to 5%, revised from prior outlook of down 8% to 9%.

The company expects fourth quarter non GAAP EPS in a range of $0.45-$0.53. Comp sales are projected to be down 6% to 8%.

Shares of Foot Locker are up 23% in pre-market trade on Friday.

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So-Young International Q3 Profit, Revenue Fall

So-Young International Inc. (SY), a Chinese online platform for medical aesthetic services, on Friday reported a decline in earnings for the third-quarter, amidst a fall in total revenues.

There has been a decrease in average revenue per paying medical service provider due to the resurgence of Covid-19 and pressure from China’s overall domestic consumer market.

For the quarter ended on September 30, the firm posted net income of RMB2.3 million or RMB 0.03 per share, compared with RMB6.8 million or RMB0.08 per share, a year ago.

Earnings per ADS attributable to ordinary shareholders were at RMB0.02, lesser than RMB0.06 per ADS, in the same period of last year.

Excluding items, earnings were RMB9.9 million versus last year’s RMB 28.9 million.

Pre-tax loss was reported at RMB 14.605 million, a reverse from profit of RMB 10.170 million, recorded for the same period of 2021.

The company registered a loss from operations of RMB 7.351 million, compared with a profit of RMB19.268 million of previous year quarter.

Total revenues were at RMB323.3 million, lesser than RMB431.5 million in the corresponding period of 2021.

For the fourth quarter, So-Young expects total revenues of RMB310 million to RMB330 million, representing a 31 percent to 26.6 percent decrease from the last-year quarter.

Atkore International Group Inc. Q4 Profit Increases, beats estimates

Atkore International Group Inc. (ATKR) released earnings for its fourth quarter that increased from last year and beat the Street estimates.

The company’s earnings came in at $220.802 million, or $5.18 per share. This compares with $202.561 million, or $4.26 per share, in last year’s fourth quarter.

Excluding items, Atkore International Group Inc. reported adjusted earnings of $231.586 million or $5.52 per share for the period.

Analysts on average had expected the company to earn $5.08 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 11.3% to $1.028 billion from $923.731 million last year.

Atkore International Group Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $220.802 Mln. vs. $202.561 Mln. last year.
-EPS (Q4): $5.18 vs. $4.26 last year.
-Analyst Estimate: $5.08
-Revenue (Q4): $1.028 Bln vs. $923.731 Mln last year.

Professor Puzzle’s Rainbow Stacker Toy Recalled Due To Choking Hazard

A recall has been issued for Professor Puzzle’s rainbow stacker 6-piece toys. The 7-inch or 11-inch wooden toys were sold in two pastel color combinations, i.e Green/blue or pink/blue. The recall has been issued as the toy’s information sticker can become exposed and detach, thus posing a choking hazard to young children.

Consumers should immediately take the recalled stacking toys away from children, stop using them and contact Professor Puzzle for instructions on how to remove and dispose of the sticker or to receive a refund of $20 for the 11-inch toy and $15 for the 7-inch toy. Consumers will be asked to return the product in a prepaid mailer. Consumers can also return the product to the retail store for a full refund of the purchase price.

So far no injuries have been reported. Till now, there are 2,350 toy pieces avaialble in the market. In addition, about 600 were sold in Canada.

Deadly Listeria Outbreak In 6 States Linked To Contaminated Deli Meat And Cheese: CDC

The U.S. Centers for Disease Control and Prevention has confirmed that a deadly outbreak of listeria in six states has been linked to meat and cheese from deli counters contaminated with the disease.

This was confirmed in investigations conducted by the CDC on the basis of different types of data collected by public health and regulatory officials in several states, the U.S. Department of Agriculture’s Food Safety and Inspection Service (USDA-FSIS), and the U.S. Food and Drug Administration (FDA).

Investigators are still working to identify any specific products or delis that may be contaminated with the outbreak strain of Listeria monocytogenes infections, the CDC said.

As of Wednesday, 16 people were infected and 13 were hospitalized in the states of California, Illinois, Maryland, New Jersey, Massachusetts and New York. One person died of infection in Maryland.

The actual number of sick people in this outbreak is likely higher than the number reported, and the outbreak may not be limited to the states with known illnesses, the CDC says.

The CDC is recommending that certain people not eat any meat or cheese from any deli counters because of a deadly outbreak of infections from Listeria.

The warning is mostly for people who are at high risk for infection, such as people 65 and older, pregnant women, or people with compromised immune systems.