Flowers Foods Swings To Q1 Profit

Trump Organization Criminal Probe Puts James Corden In A Jolly Joking Mood

Now that the New York attorney general is pursuing a criminal investigation into the Trump Organization, James Corden got to thinking about the prospect of former President Donald Trump and his family facing serious consequences. (Watch the monologue below.)

“It’s just like that old saying, ‘Crime doesn’t pay, except for the first 74 years of your life, then probably longer depending on appeals,’” the “Late Late Show” host cracked on Thursday.

The British actor and comedian noted that criminal charges could be brought against Ivanka Trump, Donald Trump Jr. and Eric Trump as well.

“You have to admit, it’s nice to see him leave something to his children, isn’t it?” Corden joked.

He wasn’t done. Fast-forward to 5:20 for the segment:

Torn Ranch Recalls Organic Dark Chocolate Blueberries Sold At Costco

Torn Ranch is recalling one lot of Torn Ranch Organic Dark Chocolate Blueberries because they may contain an undeclared allergen.

The company is recalling one lot code of Torn Ranch Organic Dark Chocolate Blueberries 18 oz. resealable bags sold only at Costco stores in Washington, Oregon, Idaho, Arkansas. The UPC number that is printed on the label is 036412020169, and the Best Buy date is May 7, 2022 (05/07/22). The lot code for this item is 1271.

People with tree nut allergies may have a life-threatening allergic reaction if they consume this product, the company said. Consumers have been advised to check product they have in their homes and return any product matching the production description, UPC codes, product lot code listed above for a refund.

No other Torn Ranch, LLC. products are included in this recall.

Rep. Louie Gohmert said his SAT score would 'shock people that think I'm the dumbest guy in Congress'

  • Rep. Louie Gohmert took time during a House speech to talk about his SAT score.
  • “I did very well. I’m sure that shocks people that think I’m the dumbest guy in Congress,” Gohmert said.
  • See more stories on Insider’s business page.

During a speech on the House floor on Thursday, Texas Rep. Louie Gohmert said his SAT score would “shock people who think I’m the dumbest member of congress.”

“When I took it, did very well, got me into the Honors program at A&M,” Gohmert said.

Gohmert was claiming — without evidence — that Americans scored higher on college entrance tests before the Department of Education was created.

 

 

A picture of a switch and lightbulb

Ross Stores Swings To Q1 Profit

Ross Stores, Inc. (ROST) Thursday reported first-quarter net income of $476.5 million or $1.34 per share, compared to net loss of $305.8 million or $0.87 per share last year.

Sales for the quarter grew to $4.52 billion from $1.84 billion last year.

Analysts polled by Thomson Reuters expected earnings of $0.88 per share on revenues of $3.87 billion for the quarter. Analysts’ estimates typically exclude one-time items.

The company authorized a new program to repurchase up to $1.5 billion of its common stock through fiscal 2022, with plans to buy back $650 million this year and $850 million in 2022.

Looking forward, the company expects earnings of $0.80 to $0.89 and $3.93 to $4.20 per share for the second quarter and full year 2021, respectively. Analysts currently estimate earnings of $1.03 and $4.22 per share, for the second quarter and full year 2021, respectively.

Deckers Outdoor Q4 Results Beat Street View

Shares of Deckers Outdoor Corp. (DECK) gained over 6% in after hours trading Thursday after the footwear retailer’s profit and revenues for the fourth quarter trumped Wall Street estimates.

Net income for the fourth quarter rose to $33.5 million or $1.18 per share, up from $16.1 million or $0.57 per share last year.

Net sales for the fourth quarter increased 49.7% to $561.2 million from $374.9 million last year. On a constant currency basis, net sales increased 47.9%.

Analysts polled by Thomson Reuters expected earnings of $0.64 per share on revenues of $437.09 million for the quarter. Analysts’ estimates typically exclude one-time items.

Looking forward to the full year 2022, the company expects earnings of $14.05 to $14.65 per share on sales of $2.950 billion to $3.000 billion. Analysts currently estimate earnings of $14.50 per share on revenues of $2.70 billion.

DECK closed Thursday’s trading at $311.22, down $11.94 or 3.69%, on the Nasdaq. The stock, however, gained $18.78 or 6.03%, in the after-hours trade.

Apollo Investment Q4 Net Investment Income Falls

Specialty finance company Apollo Investment Corp. (AINV) on Thursday posted net investment income of $25.6 million or $0.39 per share in the fourth quarter, lower than $38.8 million or $0.59 per share in the year-ago quarter.

The company’s total investment income declined to $50.8 million from $71.6 million in the same period last year.

Apollo Investment’s net asset value per share rose to $15.88 from $15.70 in the prior-year quarter.

The company’s Board of Directors have declared a distribution of $0.31 per share payable on July 7 to shareholders of record as of June 17. Apollo Investment also declared a supplemental distribution of $0.05 per share payable on July 7 as well.

Flowers Foods Swings To Q1 Profit

Flowers Foods, Inc. (FLO) Thursday reported first-quarter net income of $71.7 million or $0.34 per share, compared to net loss of $5.8 million or $0.03 per share last year.

Adjusted earnings for the quarter rose to $0.41 per share, same as last year.

Sales for the quarter dropped to $1.30 billion from $1.35 billion last year.

Analysts polled by Thomson Reuters expected earnings of $0.39 per share on revenues of $1.33 billion for the quarter. Analysts’ estimates typically exclude one-time items.