MTY Food Group Inc Q2 Income Rises, Beats estimates

Vistry Group H1 Performance Significantly Exceeds Its Expectations

Vistry Group PLC (VTY.L) said the Group has delivered an excellent first half performance, significantly exceeding its expectations at the start of the year. Looking forward, Vistry Group continues to expect adjusted profit before tax for fiscal 2022 to be at the top end of market forecasts. Fiscal 2022 adjusted gross margin is now expected to be ahead of its 23% target.

First half Housebuilding completions increased to 3,219 units from 3,126 units, prior year. Private sales rate per site per week increased to 0.84 from 0.76.

‘Dangerous Liaisons’ Review: The Epistolary Novel as Instagram Feed

A new film adaptation brings Pierre Choderlos de Laclos’s 1782 book to the halls of a high school in modern-day France.

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Unite Group Says Confident To Achieve Or Surpass Annual Rental Growth Outlook

The Unite Group Plc (UTG.L), a student accommodation provider in the UK, said in a trading update on Friday that it is confident to hit or surpass its rental growth target for the academic year 2022-23, following strong sales growth to date.

The Group said it expects to report 97 percent occupancy for the full year and achieve rental growth at or just above the top end of its guidance range of 3.0 percent to 3.5 percent.

Joe Lister, Unite Students Chief Financial Officer, said: “…We are well protected against inflationary pressures through annual re-pricing of our income and cost hedging but, like others, are not immune from the impact of rising costs and interest rates. We continue to see significant investor demand for student accommodation, reflecting the sector’s positive outlook, as demonstrated by valuation increases for USAF and LSAV in the quarter.”

Across the Unite’s entire property portfolio, 90 percent of rooms are now sold for 2022-23, compared with 81 percent in 2021-22, and 80 percent in 2020-21.

Rhea Seehorn Is Getting Away With It

The jig is up for Kim Wexler as “Better Call Saul” nears a close. Meanwhile, the actress who plays her has been quietly stealing the show.

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Opinion | Next Time Trump Tries to Steal an Election, He Won’t Need a Mob

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Segway Powersports Recalls Fugleman UTVs

Segway Powersports Inc. is recalling Fugleman Utility Terrain Vehicles or UTVs citing fire risk, the U.S. Consumer Product Safety Commission said.

The recall involves about 1,100 units of model year 2022 Fugleman UT10E and UT10X UTVs. These vehicles were sold in various colors including white, black, gray and camo.

The vehicles were manufactured in China by Segway Technology Co. Ltd. and sold at Segway Powersports authorized dealers or sellers of off-road vehicles from November 2021 through May 2022 for between $14,400 and $16,700.

According to the agency, the cockpit rear panel between the seats and the cargo bed can overheat and melt the plastic, posing a fire hazard.

The recall was initiated after the McKinney, Texas -based firm received 10 reports of incidents. There were seven incidents involving fire and three incidents with overheating. However, no injuries have been reported related to the recalled vehicles to date.

Consumers are urged to stop using the recalled UTVs and to take them to an authorized Segway Powersports dealer for a free repair.

In similar incidents, Yamaha Motor Corp. USA, affiliated to Japanese automaker Yamaha Motor Co. Ltd., in late June recalled about 3,500 Kodiak All-Terrain Vehicles due to risk of crash and injury.

In early June, Batesville, Arkensas-based Intimidator called back about 16,000 units of Intimidator and Mahindra UTVs citing crash risk.

MTY Food Group Inc Q2 Income Rises, Beats estimates

MTY Food Group Inc (MTY.TO) reported a profit for its second quarter that increased from last year and beat the Street estimates.

The company’s bottom line came in at C$28.61 million, or C$1.17 per share. This compares with C$23.02 million, or C$0.93 per share, in last year’s second quarter.

Analysts on average had expected the company to earn C$0.96 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 19.6% to C$162.51 million from C$135.85 million last year.

MTY Food Group Inc earnings at a glance (GAAP) :

-Earnings (Q2): C$28.61 Mln. vs. C$23.02 Mln. last year.
-EPS (Q2): C$1.17 vs. C$0.93 last year.
-Analyst Estimate: C$0.96
-Revenue (Q2): C$162.51 Mln vs. C$135.85 Mln last year.