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"question": "Did the share price increase after earnings?"
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{"context": "Birkenstock on Thursday beat holiday quarter revenue expectations, reporting a 22% year-on-year jump, as the German sandal company benefited from higher pricing and rising U.S. demand. As a newly public company, Birkenstock is still getting into a public reporting rhythm and only just released its fiscal 2023 results and 2024 guidance a little over a month ago. On Thursday, it said it stands by guidance issued then and still expects sales to be between 1.74 billion euros and 1.76 billion euros ($1.89 billion and $1.91 billion), representing growth of 17% to 18%. The shoemaker, which started trading on the New York Stock Exchange under the ticker “BIRK” in October, saw a muted debut when it first hit the public markets, with shares sliding more than 12% on its first day as a public company. The stock has since rebounded and is up more than 5% this year, as of the Wednesday close. Birkenstock’s shares closed more than 2% lower Thursday. Here’s how the shoemaker did in its fiscal first quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG, formerly known as Refinitiv: Earnings per share: 9 euro cents adjusted vs. 9 euro cents expected. Revenue: 302.9 million euros vs. 288.7 million euros expected. The company reported a net loss of 7.15 million euros for the three-month period that ended Dec. 31, or a loss of 4 euro cents per share. A year earlier, it reported a loss of 9.19 million euros, or a loss of 5 euro cents per share. Excluding one-time items, Birkenstock reported a profit of 17 million euros, or 9 euro cents per share. Sales rose to 302.9 million euros, up 22% from 248.5 million euros a year earlier. Adjusted earnings before interest, taxation, depreciation and amortization (EBITDA) rose 12% year on year to 81 million euros, with an adjusted EBITDA margin of 26.9%, down from 29.1% a year earlier. The retailer has been making strides to grow its direct-to-consumer business, which comes with better profits and more customer insights than relying on wholesale partners. CEO Oliver Reichert has said the company deliberately engineers its distribution strategy so demand is higher than supply but it’s working to double its production capabilities over the next three years to narrow that gap. The chief executive said those investments, along with other efforts the company is undertaking to drive growth, is having a “planned” but “temporary” impact to profitability. The company’s gross profit margin inched down to 61% from 61.7% during the same period last year, with Birkenstock citing “unfavorable currency translation and the planned, temporary under-absorption from our ongoing capacity expansion. The company said it continues to carefully track input costs and is mitigating inflationary pressures with “executed, selective price increases.” In Europe, the company said it had “two consecutive price adjustments” with “no signs of rejection.”",
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{"context": "Best Buy surpassed Wall Street’s revenue and earnings expectations for the holiday quarter on Thursday, even as the company navigated through a period of tepid consumer electronics demand. But the retailer warned of another year of softer sales and said it would lay off workers and cut other costs across the business. CEO Corie Barry offered few specifics, but said the company has to make sure its workforce and stores match customers’ changing shopping habits. Cuts will free up capital to invest back into the business and in newer areas, such as artificial intelligence, she added. “This is giving us some of that space to be able to reinvest into our future and make sure we feel like we are really well positioned for the industry to start to rebound,” she said on a call with reporters. For this fiscal year, Best Buy anticipates revenue will range from $41.3 billion to $42.6 billion. That would mark a drop from the most recently ended fiscal year, when full-year revenue totaled $43.45 billion. It said comparable sales will range from flat to a 3% decline. The retailer plans to close 10 to 15 stores this year after shuttering 24 in the past fiscal year. One challenge that will affect sales in the year ahead: it is a week shorter. Best Buy said the extra week in the past fiscal year lifted revenue by about $735 million and boosted diluted earnings per share by about 30 cents. Shares of Best Buy closed more than 1% higher Thursday after briefly touching a 52-week high of $86.11 earlier in the session. Here’s what the consumer electronics retailer reported for its fiscal fourth quarter of 2024 compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv: Earnings per share: $2.72, adjusted vs. $2.52 expected Revenue: $14.65 billion vs. $14.56 billion expected A dip in demand, but a better-than-feared holiday Best Buy has dealt with slower demand in part due to the strength of its sales during the pandemic. Like home improvement companies, Best Buy saw outsized spending as shoppers were stuck at home. Plus, many items that the retailer sells like laptops, refrigerators and home theater systems tend to be pricier and less frequent purchases. The retailer has cited other challenges, too: Shoppers have been choosier about making big purchases while dealing with inflation-driven higher prices of food and more. Plus, they’ve returned to splitting their dollars between services and goods after pandemic years of little activity. Even so, Best Buy put up a holiday quarter that was better than feared. In the three-month period that ended Feb. 3, the company’s net income fell by 7% to $460 million, or $2.12 per share, from $495 million, or $2.23 per share in the year-ago period. Revenue dropped from $14.74 billion a year earlier. Comparable sales, a metric that includes sales online and at stores open at least 14 months, declined 4.8% during the quarter as shoppers bought fewer appliances, mobile phones, tablets and home theater setups than the year-ago period. Gaming, on the other hand, was a strong sales category in the holiday quarter.",
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"question": "Did sales increase in the current fiscal year?"
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"question": "Did the share price increase after earnings?"
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},
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{"context": "Birkenstock on Thursday beat holiday quarter revenue expectations, reporting a 22% year-on-year jump, as the German sandal company benefited from higher pricing and rising U.S. demand. As a newly public company, Birkenstock is still getting into a public reporting rhythm and only just released its fiscal 2023 results and 2024 guidance a little over a month ago. On Thursday, it said it stands by guidance issued then and still expects sales to be between 1.74 billion euros and 1.76 billion euros ($1.89 billion and $1.91 billion), representing growth of 17% to 18%. The shoemaker, which started trading on the New York Stock Exchange under the ticker “BIRK” in October, saw a muted debut when it first hit the public markets, with shares sliding more than 12% on its first day as a public company. The stock has since rebounded and is up more than 5% this year, as of the Wednesday close. Birkenstock’s shares closed more than 2% lower Thursday. Here’s how the shoemaker did in its fiscal first quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG, formerly known as Refinitiv: Earnings per share: 9 euro cents adjusted vs. 9 euro cents expected. Revenue: 302.9 million euros vs. 288.7 million euros expected. The company reported a net loss of 7.15 million euros for the three-month period that ended Dec. 31, or a loss of 4 euro cents per share. A year earlier, it reported a loss of 9.19 million euros, or a loss of 5 euro cents per share. Excluding one-time items, Birkenstock reported a profit of 17 million euros, or 9 euro cents per share. Sales rose to 302.9 million euros, up 22% from 248.5 million euros a year earlier. Adjusted earnings before interest, taxation, depreciation and amortization (EBITDA) rose 12% year on year to 81 million euros, with an adjusted EBITDA margin of 26.9%, down from 29.1% a year earlier. The retailer has been making strides to grow its direct-to-consumer business, which comes with better profits and more customer insights than relying on wholesale partners. CEO Oliver Reichert has said the company deliberately engineers its distribution strategy so demand is higher than supply but it’s working to double its production capabilities over the next three years to narrow that gap. The chief executive said those investments, along with other efforts the company is undertaking to drive growth, is having a “planned” but “temporary” impact to profitability. The company’s gross profit margin inched down to 61% from 61.7% during the same period last year, with Birkenstock citing “unfavorable currency translation and the planned, temporary under-absorption from our ongoing capacity expansion. The company said it continues to carefully track input costs and is mitigating inflationary pressures with “executed, selective price increases.” In Europe, the company said it had “two consecutive price adjustments” with “no signs of rejection.”",
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"question": "Was sales growth 22% year-on-year?"
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},
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{"context": "Best Buy surpassed Wall Street’s revenue and earnings expectations for the holiday quarter on Thursday, even as the company navigated through a period of tepid consumer electronics demand. But the retailer warned of another year of softer sales and said it would lay off workers and cut other costs across the business. CEO Corie Barry offered few specifics, but said the company has to make sure its workforce and stores match customers’ changing shopping habits. Cuts will free up capital to invest back into the business and in newer areas, such as artificial intelligence, she added. “This is giving us some of that space to be able to reinvest into our future and make sure we feel like we are really well positioned for the industry to start to rebound,” she said on a call with reporters. For this fiscal year, Best Buy anticipates revenue will range from $41.3 billion to $42.6 billion. That would mark a drop from the most recently ended fiscal year, when full-year revenue totaled $43.45 billion. It said comparable sales will range from flat to a 3% decline. The retailer plans to close 10 to 15 stores this year after shuttering 24 in the past fiscal year. One challenge that will affect sales in the year ahead: it is a week shorter. Best Buy said the extra week in the past fiscal year lifted revenue by about $735 million and boosted diluted earnings per share by about 30 cents. Shares of Best Buy closed more than 1% higher Thursday after briefly touching a 52-week high of $86.11 earlier in the session. Here’s what the consumer electronics retailer reported for its fiscal fourth quarter of 2024 compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv: Earnings per share: $2.72, adjusted vs. $2.52 expected Revenue: $14.65 billion vs. $14.56 billion expected A dip in demand, but a better-than-feared holiday Best Buy has dealt with slower demand in part due to the strength of its sales during the pandemic. Like home improvement companies, Best Buy saw outsized spending as shoppers were stuck at home. Plus, many items that the retailer sells like laptops, refrigerators and home theater systems tend to be pricier and less frequent purchases. The retailer has cited other challenges, too: Shoppers have been choosier about making big purchases while dealing with inflation-driven higher prices of food and more. Plus, they’ve returned to splitting their dollars between services and goods after pandemic years of little activity. Even so, Best Buy put up a holiday quarter that was better than feared. In the three-month period that ended Feb. 3, the company’s net income fell by 7% to $460 million, or $2.12 per share, from $495 million, or $2.23 per share in the year-ago period. Revenue dropped from $14.74 billion a year earlier. Comparable sales, a metric that includes sales online and at stores open at least 14 months, declined 4.8% during the quarter as shoppers bought fewer appliances, mobile phones, tablets and home theater setups than the year-ago period. Gaming, on the other hand, was a strong sales category in the holiday quarter.",
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"question": "Did sales increase in the current fiscal year?"
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