HeidelbergCement Q1 Result From Current Operations Down

Beyond Meat, Inc. Q1 Loss Decreases, but misses estimates

Beyond Meat, Inc. (BYND) reported Loss for its first quarter that increased from last year and missed the Street estimates.

The company’s earnings totaled -$100.46 million, or -$1.58 per share. This compares with -$27.27 million, or -$0.43 per share, in last year’s first quarter.

Excluding items, Beyond Meat, Inc. reported adjusted earnings of -$100.46 million or -$1.58 per share for the period.

Analysts on average had expected the company to earn -$1.01 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 1.2% to $109.46 million from $108.16 million last year.

Beyond Meat, Inc. earnings at a glance (GAAP) :

-Earnings (Q1): -$100.46 Mln. vs. -$27.27 Mln. last year.
-EPS (Q1): -$1.58 vs. -$0.43 last year.
-Analyst Estimate: -$1.01
-Revenue (Q1): $109.46 Mln vs. $108.16 Mln last year.

-Guidance:
Full year revenue guidance: $560 – $620 Mln

A 3-year-old Frederick girl dies after being shot inside her home

A 3-year-old girl died after she was taken to a local hospital from a shooting scene inside a Frederick home.

The shooting happened at about 10:45 a.m. on Sunday at 6823 2nd St., police said in a Wednesday news release.

Officers and personnel with Frederick-Firestone Fire Protection District responded to 911 call about a shooting, the release said. The girl was taken to a local hospital where she later died.

The release did not give further details about the shooting. An investigation is ongoing.

 

Fossil Group Q1 Loss Narrows; Lowers FY22 Sales Outlook; Stock Down 11%

Fashion company Fossil Group, Inc. (FOSL) on Wednesday reported narrower loss in the first-quarter. The company lowered its sales outlook for fiscal 2022, sending the stock down 11 percent in Wednesday’s extended session.

The company reported net loss of $21.5 million or $0.41 per share in the first-quarter, narrower than net loss of $24.4 million or $0.47 per share in the same period last year.

Excluding items, loss was $19.3 million or $0.37 per share in the first-quarter, compared to loss of $14.9 million or $0.29 per share in the year-ago quarter. In the first quarter of 2022, currencies unfavorably affected loss per share by around $0.02.

Net sales totaled $375.9 million, up 4 percent from $363.0 million a year ago.

The company updated its full year 2022 to reflect the current estimated impact of foreign currency translation, as well as COVID-19-related restrictions in China and geopolitical uncertainty in Europe on its international business.

For fiscal year 2022, the Company now expects worldwide net sales growth of approximately flat to 3% versus prior guidance of 2% to 6%.

The company anticipates that the impact of foreign currency translation will be most acute in the second and third quarters, with an estimated negative impact to net sales of 500 basis points. The sales guidance for 2022 also includes an estimated impact of 150 basis points due to slowed revenue growth, primarily in our international markets.

‘Operation Mincemeat’ Review: A Bland Hash

In this World War II drama from Netflix, a team of spies uses a vagrant’s corpse to outwit the Nazis.

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By Lena Wilson

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Denver Weather: High temperature hits 90 degrees tying a record high for the date

The temperature hit 90 degrees in Denver on Wednesday, tying a record-high temp for the date in the city.

Wednesday’s reading is the 5th earliest 90-degree mark in the city’s weather-recorded history, according to the National Weather Service.

The prior 90-degree record was set in 1961, according to the weather service. The normal value high temp on May 11 in Denver is 69 degrees, a 21-degree differential.

Weather will be cooler in Denver on Thursday, with a forecast-high temperature of 76 degrees.

 

In the Shadow of a Cornish Castle, a Vegetarian Feast for Beltane

The couple behind the British interiors brand House of Hackney had a group of similarly sustainably-minded friends over to mark the ancient Celtic festival.

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By Aimee Farrell

HeidelbergCement Q1 Result From Current Operations Down

HeidelbergCement (HDELY.PK) reported that its first quarter result from current operations decreased by 59.3% to 91 million euros from the previous year.

The result from current operations before depreciation and amortisation fell by 145 million euros or 26.9% to 394 million euros in the prior year. Excluding consolidation and exchange rate effects, the operational decline amounted to 140 million euros, resulting in a figure 25.4% below the previous year’s level. The decline in result was attributable to the significantly higher costs of energy and transport compared with the same quarter of the previous year, which could only be partially offset despite increases in sales prices.

Revenue for the first quarter rose significantly by 11.8% year-over-year to 4.43 billion euros. Excluding consolidation and exchange rate effects, the growth amounted to 13.0%.

HeidelbergCement confirmed its outlook for the whole of 2022. The company anticipates strong growth in revenue and a slight increase in the result from current operations, in both cases before consolidation and exchange rate effects.