Invesco Exchange-Traded Fund Trust II Invesco S&P SmallCap 600 Revenue ETF (ARCA: RWJ)

Dernières nouvelles pour Invesco Exchange-Traded Fund Trust II Invesco S&P SmallCap 600 Revenue ETF (ARCA:RWJ)

Invesco Exchange-Traded Fund Trust II Invesco S&P SmallCap 600 Revenue ETF

Oppenheimer S&P SmallCap 600 Revenue ETF

Oppenheimer Small Cap Revenue ETF

RevenueShares Small Cap

Consumer Cyclical

Industrials

Financial Services

Technology

Consumer Defensive

Energy

Healthcare

Basic Materials

Real Estate

Communication Services

Other

Utilities

The fund will invest at least 90% of its total assets in the securities that comprise the index. The index is includes positive revenue producing constituent securities of the S&P SmallCap 600 Index (the parent index), an index comprised of common stocks of 600 small-cap companies that generally represents the small-cap universe of the U.S. equity market. The fund is non-diversified.

World Fuel Services Corp

United Natural Foods Inc

Lumen Technologies, Inc.

Echostar Corp

Group 1 Automotive Inc

Lincoln National Corp.

Asbury Automotive Group Inc

Kohl's Corp.

DXC Technology Co

Andersons Inc

Sonic Automotive Inc

Adient Plc

Alaska Air Group Inc.

World Kinect Corp

BorgWarner Inc

Hertz Global Holdings Inc

Invesco S&P SmallCap 600 Revenue ETF

Telsey analyst Dana Telsey lowered the price forecast for Kohl&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) from $10 to $9, while <a target="_blank" href="https://www.benzinga.com/quote/KSS/analyst-ratings" rel="noreferrer noopener">retaining a Market Perform rating</a>.
On Thursday, the company announced the termination of CEO&nbsp;Ashley Buchanan for cause and appointed Board Chair&nbsp;<a target="_blank" href="https://www.benzinga.com/news/25/05/45138986/kohls-kss-stock-rises-on-ceo-shakeup-preliminary-q1-outlook" rel="noreferrer noopener">Michael Bender</a><a target="_blank" href="https://www.benzinga.com/news/25/05/45138986/kohls-kss-stock-rises-on-ceo-shakeup-preliminary-q1-outlook" rel="noreferrer noopener"> as Interim CEO</a>.
Also, Kohl&#8217;s issued&nbsp;preliminary first-quarter 2025 results, expecting comparable sales to decline between 4.3% and 4.0%, operating income between $40 million and $45 million, and diluted EPS of a loss of <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">20 cents to a loss of 24 cents</a>.
The analyst writes that the CEO position at Kohl&#8217;s appears to have been difficult to maintain since Michelle Gass&#8217;s departure in late 2022.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/initiation/25/04/45048769/barclays-flags-macys-kohls-risks-during-consumer-weakness-highlights-gildan-levis-for-strength" rel="noreferrer noopener">Barclays Flags Macy&#8217;s, Kohl&#8217;s Risks During Consumer Weakness; Highlights Gildan, Levi&#8217;s For Strength</a>
The retailer has faced headwinds, experiencing market share losses over the last several years, even with positive developments like the introduction of Sephora shop-in-shops and Babies&#8221;R&#8221;Us, adds the analyst.
Telsey writes that Kohl&#8217;s has lost ground to off-price retailers, which offer a straightforward value proposition, and e-commerce platforms such as Amazon, due to their convenience and rapid delivery.
The analyst further says that despite the leadership change, Kohl&#8217;s anticipates continuing Buchanan&#8217;s strategies (curated assortment, value/quality, frictionless experience) under the interim CEO.
New leadership will likely focus on stabilization, but consumer recovery will take time, adds the analyst.
Investors can gain exposure to the stock via&nbsp;First Trust DJ Global Select Dividend (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FGD#NYSE">FGD</a>) and Invesco Exchange-Traded Fund Trust II Invesco S&amp;P SmallCap 600 Revenue ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RWJ#NYSE">RWJ</a>).
Price Action: KSS shares are up 4.37% at $7.53 at the last check Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44630572/kohls-shares-tumble-but-analyst-sees-promise-in-new-ceos-strategy" target="_blank" rel="noreferrer noopener">Kohl&#8217;s Shares Tumble, But Analyst Sees Promise In New CEO&#8217;s Strategy</a></li>
</ul>
Photo: Shutterstock

Equities

News

Price Target

Reiteration

Small Cap

Analyst Ratings

Trading Ideas

First Trust Dow Jones Global Select Dividend Index Fund

No Quick Fix for Kohl's: Analyst Highlights Challenges Despite Leadership Change

Amentum Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMTM#NYSE">AMTM</a>) shares gained <a target="_blank" href="https://www.benzinga.com/topic/why-its-moving" rel="noreferrer noopener">on Wednesday</a>. The company disclosed that it reached a definitive deal to sell its Rapid Solutions hardware and product business to Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) for a cash <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/b44946385/amentum-announces-agreement-to-divest-its-rapid-solutions-product-business-for-360-million" rel="noreferrer noopener">transaction valued at $360 million</a>.
The company&#8217;s Rapid Solutions business specializes in ISR, advanced communications, and tactical systems aimed at critical national security challenges.
As part of the deal, roughly 230 Rapid Solutions employees will move to Lockheed Martin.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/03/44423418/amentum-faces-growth-slump-as-government-cuts-spending-analyst-expects-merger-to-boost-margins" rel="noreferrer noopener">Amentum Faces Growth Slump As Government Cuts Spending, Analyst Expects Merger To Boost Margins</a>
The transaction is projected to close in the second half of 2025 and is expected to result in around $325 million in <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">after-tax proceeds for Amentum</a>.
Adam Harrison, Senior Vice President of Strategy and Corporate Development, said, &#8220;The divestiture of Rapid Solutions sharpens Amentum&#8217;s focus on mission critical services and reinforces our position as a global pure-play provider of advanced engineering and technology-enabled solutions.&#8221;&nbsp;
As of March 31, Lockheed Martin had cash and <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/n44918859/lockheed-martin-reports-first-quarter-2025-financial-results" rel="noreferrer noopener">cash equivalent of $1.80 billion</a>.
Amentum plans to release results for the second quarter of <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">the FY25 on May 7, 2025</a>.
Last week, Amentum won a $247.6 million contract from the U.S. Department of Defense (DOD)&nbsp;Air Combat Command (ACC),&nbsp;Acquisition Management and Integration Center (AMIC),&nbsp;Counternarcotics and <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/b44787142/amentum-secures-247-million-global-counter-threat-finance-contract" rel="noreferrer noopener">Global Threats (CN&amp;GT)&nbsp;Division</a>.
Investors can gain exposure to the stock via&nbsp;Invesco Exchange-Traded Fund Trust II Invesco S&amp;P SmallCap 600 Revenue ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RWJ#NYSE">RWJ</a>).
Price Action: AMTM shares closed higher by 3.13% to $19.75 on Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/25/04/44949011/china-drag-weighs-on-elevator-giant-otis-sales-raises-sales-forecast" target="_blank" rel="noreferrer noopener">Otis Raises Sales Forecast As China Drag Weighs On Elevator Giant</a></li>
</ul>

Mid Cap

Asset Sales

Movers

AMTM

Amentum Offloads Hardware Unit To Focus On Critical Services, Inks $360 Million Deal With Lockheed Martin

<a href="https://in.benzinga.com/personal-finance/25/03/44376666/high-yield-dividend-investor-making-12900-per-year-names-10-favorite-stocks-took-me-almost-3-years-to-get-to-this-point">Dividend</a> investing has long been a favorite strategy for retirees and income-focused investors. Unlike growth-oriented assets, which depend on share price appreciation, dividend-paying stocks generate regular payouts.
But why do so many investors run to dividend stocks and ETFs? Dividends offer a way to compound wealth by reinvesting the generated income while also providing financial stability in <a href="https://in.benzinga.com/personal-finance/25/03/44476778/author-says-dave-ramsey-is-completely-ignorant-of-sequence-of-returns-risk-questions-whether-1-million-is-really-enough-for-retirement">retirement</a>. High-quality dividend companies also have a history of increasing payouts year after year, helping investors keep up with inflation.
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<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
</ul>
Still, total returns are also important in investing, as one investor demonstrated. The investor, a Reddit user who shared his journey in the r/Dividends community, is a 61-year-old retiree who spent 37 years building his portfolio on growth before switching to a dividend strategy when approaching retirement. He ultimately crafted a portfolio yielding around 8% and named his top holdings in the thread.
&#8220;My big break was being mostly cash in early 2020 because I felt the market had gotten too expensive. That was largely luck but it worked great. March 2020 was really fun. I spent between $1 million to $2 million on stocks in about 30 days and the resulting market rise after that secured my retirement. When I started learning about dividends, I included it as one option but still looked at it from a perspective of total returns,&#8221; he shared.
Now, he lives comfortably off dividends, rarely selling stocks for income, and relying on growing dividend payouts. The investor has shared his holdings in the Reddit community, so let&#8217;s see what they are.
Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a>
<h2 class="wp-block-heading">Retiree Living Off Dividends Shares Top 10 Holdings in Reddit Investing Community</h2>
AbbVie
AbbVie (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) is a global biopharmaceutical company focusing on the research and development of advanced treatments for complex diseases. Investors love ABBV because of its strong product portfolio and its steady dividend history, paying approximately 3.23% annually in dividends.
Arbor Realty Trust
A real estate investment trust with a high yield, Arbor Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABR#NYSE">ABR</a>) focuses on originating and servicing loans for multifamily and commercial real estate. The company pays investors around 14.11% in dividends annually.
Broadcom
A tech dividend grower, Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) is known for semiconductors and software, and despite a modest yield, it raises payouts aggressively. AVGO has a 1.24% dividend yield per year.
Hercules Capital
Hercules Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HTGC#NYSE">HTGC</a>) is a business development company that offers venture debt to technology and life sciences companies. Investors love HTGC since it offers high dividend yields and exposure to emerging growth companies. The company pays investors around 9.39% in dividends.
Mastercard
Mastercard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) is a well-known global technology company operating in the payments industry. MA pays investors approximately 0.56% in dividends yearly.
See Also: It&#8217;s no wonder Jeff Bezos holds over $250 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
Realty Income Corporation
A real estate investment trust, Realty Income Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/O#NYSE">O</a>) is known as &#8220;the monthly dividend company&#8221; since it pays investors every month. O owns over 6,500 properties under long-term lease agreements and has a very diversified property portfolio, paying 5.76% per year in dividends.
Target
Operating as a general merchandise retailer selling a wide assortment of products, such as household essentials, apparel, and electronics, Target (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) generates approximately 4.23% in dividends.
Vanguard Total Stock Market ETF
Vanguard Total Stock Market ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTI#NYSE">VTI</a>) tracks the performance of the CRSP US Total Market Index, covering virtually all investable U.S. stocks. With a dividend of around 1.35% per year, the ETF is loved by investors because it offers broad exposure to the U.S. equity market with low expense ratios.​
Schwab U.S. Dividend Equity ETF
Tracking the performance of the Dow Jones U.S. Dividend 100 Index, Schwab U.S. Dividend Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHD#NYSE">SCHD</a>) focuses on high-dividend-yielding U.S. stocks. SCHD generates around 3.81% in dividends.
Invesco S&amp;P SmallCap 600 Revenue ETF
Paying around 1.47% in dividends per year, Invesco S&amp;P SmallCap 600 Revenue ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RWJ#NYSE">RWJ</a>) tracks the performance of the S&amp;P SmallCap 600 Revenue-Weighted Index. Investors love RWJ because it provides exposure to small-cap U.S. companies weighted by earnings.
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<li>Have $200K saved?<a href="https://www.benzinga.com/money/have-200k-saved-heres-how-to-turn-it-into-lasting-wealth"> Here's how to turn it into lasting wealth</a></li>
<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
</ul>

Personal Finance

ABBV

AVGO

HTGC

SCHD

Retired At 58, He 'Spent Between $1M-$2M On Stocks' – Investor Who Built An 8% Yield Portfolio And Lives Off Dividends Shares Top Holdings

Advance Auto Parts Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) disclosed that it completed the store closure phase of its transformation plan and is now <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/b44489290/advance-auto-parts-opening-new-stores-after-completing-strategic-optimization-of-u-s-retail-footpr" rel="noreferrer noopener">shifting focus to its returning to growth</a>.
The company stated that as of now, over 75% of its stores are in markets where it holds the No. 1 or No. 2 position by store density, reinforcing its presence in key areas.
With this phase complete, the company plans to open 30 new U.S. locations in 2025 and at least 100 more through 2027, including larger &#8220;market hubs.&#8221;
Notably, since the start of the year, Advance has opened six new stores across Florida, New Jersey, Tennessee, and Virginia, with more locations set to launch in Florida, Illinois, Maryland, Ohio, Virginia, and Wisconsin in the coming months.
The company is also expanding its market hubs in the Midwest, offering 75,000 to 85,000 SKUs, a significant increase from the 20,000 to 25,000 typically found in its stores.
These hubs are expected to enhance part availability and enable same-day delivery, improving service speed for customers and nearby Advance locations.
Last month, the company reported fourth-quarter adjusted earnings per share of $1.18 loss, which was in line&nbsp;with the analyst consensus estimate and quarterly sales of $2 billion outpaced<a target="_blank" href="https://www.benzinga.com/news/earnings/25/02/43973611/advance-auto-parts-q4-sales-beat-expectations-but-margins-slide-stock-dips" rel="noreferrer noopener"> the street view of $1.93 billion</a>.
The company disclosed its long-term aim to optimize its supply chain by consolidating distribution centers and opening <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">60 market hubs by mid-2027</a>.
Investors can gain exposure to the stock via Invesco S&amp;P Smallcap 600 Pure Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RZV#NYSE">RZV</a>) and Invesco Exchange-Traded Fund Trust II Invesco S&amp;P SmallCap 600 Revenue ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RWJ#NYSE">RWJ</a>).
Price Action: AAP shares are up 0.27% at $37.64 premarket at the last check Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/02/44018604/is-advance-auto-parts-turning-the-corner-analyst-predicts-slow-recovery-and-market-share-losses" target="_blank" rel="noreferrer noopener">Is Advance Auto Parts Turning The Corner? Analyst Predicts Slow Recovery And Market Share Losses</a></li>
</ul>
Photo: Refina via Shutterstock.

Guidance

Rydex ETF Trust S&P Smallcap 600 Pure Value ETF

Advance Auto Parts Accelerates Growth Plan With 130+ New Stores By 2027

Unifirst Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) shares are trading lower premarket on Tuesday.
On Monday, Cintas Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) disclosed ending discussions regarding its proposal to acquire UniFirst&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/b44464633/cintas-terminates-discussions-with-unifirst" rel="noreferrer noopener">for $275 per share in cash</a>.
The offer represented a 46% premium over UniFirst&#8217;s 90-day average closing price as of January 6, 2025, the last trading day before the <a target="_blank" href="https://www.benzinga.com//node/42844424" rel="noreferrer noopener">proposal was publicly disclosed.</a>
Todd Schneider, President and Chief Executive Officer of Cintas, said, &#8220;We have engaged with UniFirst and its advisors over the past several weeks in an effort to reach a mutual agreement regarding a transaction that we believe offers tremendous value for customers and shareholders.&#8221;
&#8221;While we continue to believe in the merits of a transaction, we were unable to have substantive engagement with UniFirst regarding key transaction terms. We do not believe further discussions are warranted at this time.&#8221;
Notably, in January, Cintas submitted the acquisition proposal and UniFirst&nbsp;rejected the proposition, claiming it was&nbsp;<a target="_blank" href="https://www.benzinga.com//node/42852132" rel="noreferrer noopener">not in the best interests of the company and its shareholders.</a>
UniFirst&#8217;s cash, cash equivalents, and short-term investments totaled&nbsp;$181.0&nbsp;million&nbsp;as of November 30, with no long-term debt outstanding.
Price Action: UNF shares are down 10.2% at $177.50 premarket at the last check Tuesday.
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<li><a href="https://www.benzinga.com/news/mid-cap/25/03/44462576/bofa-calls-generac-buy-blackouts-grid-reliability" target="_blank" rel="noreferrer noopener">Generac Poised To Benefit From Blackouts, Declining Grid Reliability: BofA Analyst</a></li>
</ul>
Image via Shutterstock.

CTAS

PSCC

No Deal: Cintas Abandons UniFirst Proposal After Talks Hit A Wall

Owens &amp; Minor, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMI#NYSE">OMI</a>) shares dipped premarket on Monday after the company disclosed preliminary results and financing for the previously announced <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/b43429536/owens-minor-launches-financing-for-rotech-acquisition-and-provides-preliminary-fourth-quarter-and-" rel="noreferrer noopener">Rotech Healthcare Holdings, Inc</a><a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/b43429536/owens-minor-launches-financing-for-rotech-acquisition-and-provides-preliminary-fourth-quarter-and-" rel="noreferrer noopener">. buyout</a>.
Edward A. Pesicka, President &amp; Chief Executive Officer of Owens &amp; Minor, said, &#8220;We are commencing a process to raise additional debt while the capital markets are attractive, to finance our previously announced agreement to acquire Rotech which we continue to expect will close in the first half of 2025.&#8221;
&#8221;Our healthy free cash flow provides the vehicle for this proposed financing as well as helping us achieve our deleveraging goals over the next few years.&#8221;&nbsp;
Notably, in July 2024, the company announced the acquisition of Rotech <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39914439/healthcare-logistics-service-firm-owens-minor-to-buy-home-based-care-equipment-firm-for-1-4b-sees-b" rel="noreferrer noopener">Healthcare</a><a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39914439/healthcare-logistics-service-firm-owens-minor-to-buy-home-based-care-equipment-firm-for-1-4b-sees-b" rel="noreferrer noopener"> </a><a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39914439/healthcare-logistics-service-firm-owens-minor-to-buy-home-based-care-equipment-firm-for-1-4b-sees-b" rel="noreferrer noopener">for $1.36 billion in cash</a>.
Preliminary Results: For the fourth quarter, Owens &amp; Minor sees revenue of&nbsp;$2.67 billion – $2.70 billion (vs. consensus of&nbsp;$2.731 billion) and adjusted EPS&nbsp;of $0.52 –$0.55&nbsp;(compared<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> to the street view of&nbsp;$0.53)</a>.
For 2024, the company stated preliminary revenue of $10.67 billion &#8211; $10.70 billion (vs. $10.736 billion estimate) and adjusted EPS of $1.50 &#8211; $1.53 (vs. consensus of $1.51).
The company expects to witness a non-cash goodwill impairment charge of around $310 million within its Apria division, or a net loss of about $4.00 per share.
This reflects financial market changes in the fourth quarter of 2024, which include a decline in Owens &amp; Minor&#8217;s stock price, rising interest rates, and anticipated pricing changes in a capitated contract.
Pesicka added, &#8220;We are particularly excited about the full-year performance of our Patient Direct segment which posted solid mid-single digit growth, and even higher in key categories.&#8221;
&#8221;In addition, we are pleased that in a year of meaningful reinvestment in the business we were able to reduce total debt by over $240 million.&#8221;
The company plans to report its fourth-quarter and full-year 2024 <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">financial results on February 28, 2025</a>.
Investors can gain exposure to the stock via&nbsp;Invesco Exchange-Traded Fund Trust II Invesco S&amp;P SmallCap 600 Revenue ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RWJ#NYSE">RWJ</a>).
Price Action: OMI shares are down 8.71% at $13.00 premarket at the last check Monday.
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<li><a href="https://www.benzinga.com//node/43429067" target="_blank" rel="noreferrer noopener">US Stocks Likely To Open Lower As Trump Imposes Tariffs On China, Canada, And Mexico: Expert Notes Feb Worst Month In Post-Election Years</a></li>
</ul>
Image via Shutterstock.

Earnings

Owens & Minor Stock Dips On Mixed Q4 Preliminary Results & $310 Million Apria Goodwill Charge: Details

Grocery wholesaler&nbsp;United Natural Foods Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) shares are trading higher after the company <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42409262/united-natural-foods-inc-reports-first-quarter-fiscal-2025-results" rel="noreferrer noopener">reported first-quarter FY25 earnings</a>.
The company reported a&nbsp;sales increase of&nbsp;4.2% year over year to&nbsp;$7.87&nbsp;billion,&nbsp;beating the analyst consensus estimate of&nbsp;$7.61 billion.
Revenue growth is driven by a 2% increase in wholesale unit volumes, boosted by new business from both existing and new customers, along with inflation.
Gross margin contracted to&nbsp;13.2%&nbsp;from&nbsp;13.6% last year due to weak product margin rates and business mix. The gross profit upped&nbsp;0.8% to&nbsp;$1.0 billion.
Adjusted EBITDA rose 14.5%&nbsp;to&nbsp;$134&nbsp;million. Adjusted EPS of&nbsp;$0.16 <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beat the consensus loss estimate of&nbsp;$0.01</a>.
Free cash flow stood at&nbsp;$(159) million&nbsp;in the quarter. As of November 2, the company had approximately&nbsp;$37&nbsp;million&nbsp;in cash, plus the unused capacity of around $1.14&nbsp;billion&nbsp;under its asset-based lending facility.
Sandy Douglas, UNFI&#8217;s Chief Executive Officer, said, &#8220;We&#8217;re encouraged by positive volume trends attributable to new business with existing customers and new customer additions. This volume strength primarily reflects successful execution by our customer base, supported by UNFI&#8217;s value-added positioning and unique go-to-market strategy.&#8221;
Outlook: United Natural Foods revised its outlook for FY25 sales to $30.6 billion-$31.0 billion (<a target="_blank" href="https://www.benzinga.com//node/41116924" rel="noreferrer noopener">from $30.3 billion&nbsp;–&nbsp;$30.8 billion</a>)&nbsp;vs. consensus of&nbsp;$30.7 billion) and adjusted EPS&nbsp;to $0.40 &#8211; $0.80 (from $0.20 &#8211; $0.80)<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> versus the consensus of&nbsp;$0.55</a>.
Investors can gain exposure to the stock via&nbsp;Invesco S&amp;P SmallCap Consumer Staples ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSCC#NASDAQ">PSCC</a>) and&nbsp;Invesco Exchange-Traded Fund Trust II Invesco S&amp;P SmallCap 600 Revenue ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RWJ#NYSE">RWJ</a>).
Price Action: UNFI shares are up&nbsp;6.81%&nbsp;at&nbsp;$26.36 premarket at the last check Tuesday.
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<li><a href="https://www.benzinga.com/24/12/42408217/us-stocks-to-open-lower-as-traders-await-slew-of-data-us-listed-chinese-stocks-in-focus-following-stimulus-pledge" target="_blank" rel="noreferrer noopener">US Stocks Likely To Open Lower As Traders Await Slew Of Data: US-Listed Chinese Stocks In Focus Following Stimulus Pledge</a></li>
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UNFI

United Natural Foods Beats Q1 Estimates On Positive Volume Trends, Lifts FY25 Guidance

Grocery wholesaler United Natural Foods Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) shares are surging after the <a href="https://www.benzinga.com/pressreleases/24/10/b41113461/united-natural-foods-inc-reports-fourth-quarter-and-full-year-fiscal-2024-results" target="_blank" rel="noreferrer noopener">fourth-quarter earnings</a>.
The company reported a&nbsp;sales increase of&nbsp;10%&nbsp;Y/Y to&nbsp;$8.15 billion,&nbsp;beating the analyst consensus estimate of&nbsp;$7.94 billion, thanks to inflation and improving unit volume that turned positive toward quarter-end.
Gross margin expanded to&nbsp;13.7% from 13.0%&nbsp;last year on lower shrink expense. The gross profit upped&nbsp;15.5%&nbsp;Y/Y to&nbsp;$1.1 billion.
Adjusted EBITDA jumped 53.8% Y/Y to&nbsp;$143 million. Adjusted EPS of&nbsp;$0.01&nbsp;<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beat the consensus loss estimate of&nbsp;$0.10.</a>
Free cash flow stood at $71 million in the quarter. As of August 3, the company had approximately $40 million in cash, plus the unused capacity of approximately $1.24 billion under its asset-based lending facility.
Outlook: United Natural Foods sees FY25 sales of&nbsp;$30.3 billion &#8211; $30.8 billion (vs. consensus of&nbsp;$30.9 billion) and adjusted EPS&nbsp;of&nbsp;$0.20-$0.80&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">versus the consensus of&nbsp;$0.57.</a>
Sandy Douglas, UNFI's Chief Executive Officer said, &#8220;We are also actioning key elements of our updated strategy that has resulted from our ongoing board- and management-led financial review, which we expect will drive accelerating performance and create sustainable value for our customers and suppliers.&#8221;
&#8221;During fiscal 2024, we drove strong same customer growth, extended our agreement with our largest customer, realized approximately $150 million dollars in benefits from structural efficiency initiatives, significantly reduced shrink, lengthened the maturity on our term loan, and onboarded our new President and CFO, Matteo Tarditi.&#8221;
Investors can gain exposure to the stock via&nbsp;Northern Lights Fund Trust III Counterpoint Quantitative Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPAI#NYSE">CPAI</a>) and Invesco Exchange-Traded Fund Trust II Invesco S&amp;P SmallCap 600 Revenue ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RWJ#NYSE">RWJ</a>).
Price Action: UNFI shares are up 9.51% at $18.42 premarket at the last check Tuesday.
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41113340/us-stocks-set-for-shaky-start-ahead-of-jolts-data-nike-earnings-strategist-says-these-3-structural-" target="_blank" rel="noreferrer noopener">US Stocks Set For Shaky Start Ahead Of JOLTS Data, Nike Earnings: Strategist Says These 3 Structural Drivers Support &#8216;Buying The Dip&#8217;</a></li>
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CPAI

United Natural Foods Beats On Q4 Earnings, Thanks To Inflation And Higher Volumes

Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) is partnering with Lumen Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) to leverage<a href="https://www.benzinga.com/pressreleases/24/07/n39929572/microsoft-and-lumen-technologies-partner-to-power-the-future-of-ai-and-enable-digital-transformati" target="_blank" rel="noreferrer noopener"> Microsoft Cloud for Lumen&#8217;s digital transformation</a>.
What Happened: The Redmond, Washington-based tech giant selected Lumen to enhance network capacity and support increased demand at its AI-driven datacenters.
Lumen&#8217;s Private Connectivity Fabric provides dedicated fiber access and advanced digital services, enhancing connectivity and capacity for Microsoft&#8217;s datacenters to meet growing data demands.
Lumen is transforming its operations by adopting Microsoft&#8217;s cloud and AI technologies to cut costs, eliminate legacy systems, enhance offerings, and develop new solutions.
See Also: <a href="https://www.benzinga.com/news/earnings/24/07/39935377/fiber-optic-company-amphenol-hikes-dividend-as-sales-jump-18">Fiber Optic Company Amphenol Hikes Dividend As Sales Jump 18%</a>
Why It Matters: Migrating to Microsoft Azure and using Microsoft Entra should enhance Lumen&#8217;s customer experience. The company also expects an increase in cash flow by over $20 million in the next year.
Erin Chapple, Microsoft corporate vice president of Azure Core Product and Design, said Lumen has the network infrastructure and &#8220;digital capabilities&#8221; needed to help support Azure&#8217;s mission.
Lumen expects to release second quarter <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">2024 results on Aug. 6, 2024</a>.
Invesco Exchange-Traded Fund Trust II Invesco S&amp;P SmallCap 600 Investors can gain exposure to the stock via Revenue ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RWJ#NYSE">RWJ</a>) and IShares Robotics And Artificial Intelligence Multisector ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRBO#NYSE">IRBO</a>)
Price Action: LUMN shares are up 5.36% at $1.5700 at the last check Wednesday.
Now Read: 
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<li><a href="https://www.benzinga.com/personal-finance/24/07/39935076/warren-buffett-says-inflation-is-never-gone-its-always-in-remission-its-something-that-is-human-">Warren Buffett Says &#8216;Inflation Is Never Gone It&#8217;s Always In Remission. It&#8217;s Something That Is Human-Made And Governments Can Create&#8217;</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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MSFT

Microsoft, Lumen Collaborate On AI-Driven Datacenter Expansion

Rental car companies are not as energized as they used to be about electric vehicles (EVs), having found out that they are <a href="https://www.benzinga.com/insights/analyst-ratings/24/07/39645442/a-glimpse-into-the-expert-outlook-on-hertz-global-holdings-through-6-analysts">hard to resell</a> at a decent price.
In January, rental car giant Hertz Global Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) scaled back plans to buy 100,000 EVs after seeing that their resale plummeted much faster than expected, the New York Times<a href="https://www.nytimes.com/2024/07/14/business/electric-vehicles-rental-cars.html?partner=slack&amp;smid=sl-share"> reported.</a> 
A main reason why used EVs lose so much value is because Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) lowered the prices on new models last year to boost sales, the New York Times reported.
This has left many rental car outfits scrambling to resell EVs at deep discounts and apprehensive to start buying more of them.
EV manufacturers have sold 1.4% of their cars and trucks to rental companies so far this year, down from selling 4% of them in 2023, according to S&amp;P Global Mobility. So far this year, that number is just 1.4 percent.
Also Read: <a href="http://What's Going On With Hertz Global Stock Today?">What&#8217;s Going On With Hertz Global Stock Today?</a>
Rental car companies have also had a difficult time renting EVs at a profit because most of them lack charging stations and insurance premiums have increased as many renters have underestimated EVs&#8217; acceleration and gotten into accidents, the New York Times reported.
Meanwhile, some companies found they couldn't get spare parts for EVs as quickly as they could for gasoline cars.
Price Action: Tesla gained 1.78% on Monday to close at $252.64, while Hertz jumped 5.69% to $4.27.
Exchange-traded funds that hold Tesla stock gave mixed reactions on Monday. T-Rex 2X Long Tesla Daily Target ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLT#NASDAQ">TSLT</a>) gained 3.69% to $19.96 at close, while Direxion Daily TSLA Bull 2X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLL#NASDAQ">TSLL</a>) gained 3.71% at $14.54 and The Meet Kevin Pricing Power ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PP#NYSE">PP</a>) ticked down 0.27% to $31.52. The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) slipped 0.11% to $191.27 and Direxion Daily Cnsmr Discret Bull 3XShrs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WANT#NYSE">WANT</a>) slid 0.34% to $37.92.
ETFs that hold Hertz stock trended upward on Monday. Counterpoint Quantitative Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPAI#NYSE">CPAI</a>) gained 0.033% to $31.78 as Invesco S&amp;P SmallCap 600 Pure Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RZV#NYSE">RZV</a>) edged up 1.13% to $104.18 and SPDR S&amp;P Transportation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTN#NYSE">XTN</a>) inched up 1.68% to $80.44. Global X Guru Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GURU#NYSE">GURU</a>) gained 0.087% to $44.89 and Invesco S&amp;P SmallCap 600 Revenue ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RWJ#NYSE">RWJ</a>) increased 1.28% to $41.98.
Read Now: 
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<li><a href="https://www.benzinga.com/news/24/06/39221144/car-rental-firm-hertz-reportedly-seeks-700m-lifeline-as-ev-strategy-stalls">Car-Rental Firm Hertz Reportedly Seeks $700M Lifeline As EV Strategy Stalls</a></li>
</ul>
Photo: Tesla Model Y, Courtesy of Tesla

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