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The Latest Breaking News from North America

Adidas Shares Slide As China Lockdown Weighs On Q1 Earnings, FY22 Outlook

Adidas AG (OTC:ADDYY) reported first-quarter FY22 sales growth of 0.6% year-on-year to €5.3 billion. Currency-neutral sales declined 3% as supply constraints reduced the top-line by €400 million. Currency-neutral sales across North America rose 13%, EMEA improved 9%, and Latin America jumped 38%. The challenging market environment and COVID-19-related lockdowns in Greater China and…

Benzinga

Rangers conduct aerial search for climber on Alaska's Denali

National park rangers in Alaska have resumed an aerial search for the year’s first registered climber on North America’s tallest peak after he didn’t check in with a friend

The Independent UK

Romeo Power Bags Lithium Battery Supply Contract From EV Manufacturer

Romeo Power Inc (NYSE:RMO) has bagged a lithium-ion batteries supply contract from a U.S. manufacturer of Low-Speed Electric Vehicles (LSEVs). The financial terms were not disclosed. Romeo will be the sole provider of batteries for the manufacturer's next-generation vehicle. Romeo Power CEO Susan Brennan stated, "This partnership allows Romeo to fulfill our customer's need…

Benzinga

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AdvanSix Clocks 27% Revenue Growth In Q1

AdvanSix Inc (NYSE:ASIX) reported first-quarter FY22 sales growth of 27% year-over-year to $479.07 million, missing the consensus of $481.77 million. Adjusted EPS improved to $2.26 compared to $1.05 in 1Q21, beating the consensus of $1.71. AdvanSix' net cash provided by operating activities for the quarter totaled $49.16 million, compared to $57.1 million…

Benzinga

Why Under Armour Shares Are Plunging Today

Under Armour Inc (NYSE:UAA) (NYSE:UA) reported sales growth of 3% year-on-year to $1.30 billion for its transition quarter ended March 31, 2022, missing the consensus of $1.32 billion. As announced earlier, following a three-month transition period (January 1 – March 31, 2022), Under Armour's FY23 will run from April 1, 2022, through March…

Benzinga

2022 Cake Worlds Race North American Championship Kept It Clean In The Dirt

We attended the 2022 Cake Worlds Race North American round in California and the competition was fierce, fun, and fantastic to see.

RideApart

Why Hain Celestial Shares Are Plunging Today

Hain Celestial Group Inc (NASDAQ:HAIN) reported third-quarter FY22 sales growth of 2.1% year-on-year to $502.94 million, missing the consensus of $521.54 million. Net sales from North America increased 13.3% Y/Y, and International sales declined 14%. Adjusted gross margin for the quarter fell 400 basis points Y/Y to 23.4%. The gross margin contracted 340…

Benzinga

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Aptiv Q1 Earnings Top Estimates

Aptiv PLC (NYSE:APTV) reported first-quarter FY22 sales growth of 4% year-on-year to $4.18 billion, beating the consensus of $4.04 billion. Revenue rose 4% adjusted for currency exchange and commodity movements. Revenue in North America rose 7%, South America increased 24%, Europe fell 5%, and Asia increased 9%, which includes growth of 14% in…

Benzinga

Ingredion Clocks 17% Top-Line Growth Amid Inflationary Pressures

Ingredion Inc (NYSE:INGR) reported first-quarter FY22 sales growth of 17% year-on-year to $1.89 billion, beating the consensus of $1.77 billion. Sales in North America increased 24% Y/Y to $1.2 billion, South America fell 8% to $252 million, Asia-Pacific grew 16% to $272 million, and EMEA climbed 20% to $194 million. The gross profit…

Benzinga

Why Ball Corp Shares Are Trading Lower Today

Ball Corporation (NYSE:BLL) reported first-quarter FY22 sales growth of 18.9% year-on-year to $3.72 billion, beating the consensus of $3.5 billion. Beverage packaging, North and Central America sales rose 24.2% Y/Y, Beverage packaging EMEA increased 18.3%, Beverage packaging South America gained 1.4%, and Aerospace segment sales rose 18.8%. Beverage can shipments rose 10% and…

Benzinga

Papa John's Q1 Earnings Exceed Expectations

Papa John's International Inc (NASDAQ:PZZA) reported first-quarter FY22 sales growth of 6% year-on-year to $542.69 million, beating the consensus of $540.39 million. Adjusted EPS of $0.95 topped the Street view of $0.94. Total comparable sales growth was 1.6% versus 25.4% the prior year. Comparable sales improved 1.9% in North America and 0.8% Internationally.…

Benzinga

Why Kellogg Shares Are Trading Higher Today

Kellogg Company (NYSE:K) reported first-quarter FY22 sales growth of 2.4% year-on-year to $3.67 billion, beating the consensus of $3.59 billion. Adjusted EPS of $1.10 beat the analyst consensus of $0.93. Kellogg North America's sales decreased 1%, Europe climbed 2%, Latin America's sales gained 8%, Asia Pacific, Middle East, and Africa's sales jumped 12%.…

Benzinga

Sweden's Battery-Electric Volta Trucks To Enter US Market In 2023: What EV Investors Need To Know

The Swedish electric vehicle company Volta Trucks has announced plans to enter the North American market.

Benzinga

Gucci Jumps on the Crypto Bandwagon with US Project

Gucci's high-end handbags and other luxury products can now be bought using cryptocurrencies, including bitcoin, in some US stores, the Italian company said, as digital currencies move to broader acceptance. Starting later this month, customers can pay with crypto at some of Gucci's flagship stores, including Rodeo Drive in Los…

Asharq Al-Awsat

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Benzinga

Gucci To Accept Bitcoin, Dogecoin, Shiba Inu In Several Stores

Luxury retail brand Gucci has reportedly embraced payments in the form of cryptocurrencies in some stores operated in North America.

The Independent UK

McLaren takes Miami in bid to become North America's team

The McLaren Formula One team has taken Miami by storm ahead of Sunday's inaugural grand prix

Benzinga

Tupperware Shares Plunge On Q1 Miss, Underperformance Across All Segments

Tupperware Brands Corp (NYSE:TUP) reported a first-quarter FY22 sales decline of 16% year-on-year to $348.1 million, missing the consensus of $356.8 million. Net sales were down in all segments, with the decrease primarily driven by lower recruiting and overall sales force activity, due to the Russia/Ukraine conflict and lockdowns caused by the Omicron…

Birmingham Post

Exeter Airport launches North America flights in tourism 'boost'

Air Lingus and Emerald Airlines will fly passengers between the South West and the US and Canada via Dublin

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The Guardian - AU

Precolonial First Nations oyster fisheries sustained millennia of intense harvests, study shows

Researchers in Australia and North America say management of oyster reefs should incorporate Indigenous knowledge

Asharq Al-Awsat

The annual sunflower (Helianthus annus) has a long history in North America, with evidence of its cultivation for food, ceremonial and medical use by Native Americans dating back to at least 1,000 B.C. Sunflower seeds are said to have been brought to Europe by Spanish explorers around the late 16th…

Tribune News Service

Stellantis' $2.8 billion investment secures future for Brampton, Windsor plants

The maker of Chrysler, Dodge, Jeep and Ram vehicles on Monday said it will invest $2.8 billion (3.6 billion Canadian dollars) into its Canadian operations for its electric transition, preserving the futures of both Windsor and Brampton assembly plants and creating its first battery lab in North America.

Benzinga

Teva Posts Mixed Q1 Earnings, Cuts FY22 Sales Guidance Citing Copaxone Competition, Yet Shares Rise

Teva Pharmaceutical Industries Ltd's (NYSE:TEVA) Q1 sales reached $3.66 billion, shrinking 8% Y/Y, missing the consensus of $3.75 billion. The decrease is mainly due to lower revenues from generic products in North America and Copaxone, partially offset by higher revenues from Anda and generic products in the Europe segment. The adjusted gross…

InsideEVs

Stellantis Pledges $2.8B To Retool Ontario Plants For EVs, Hybrids

Stellantis also said its Automotive Research and Development Centre will add 650 highly skilled engineering jobs and become North America's first battery lab.

Benzinga

IPG Photonics Tops Q1 Aided By Robust Demand For EV Applications

IPG Photonics Corp (NASDAQ:IPGP) reported first-quarter FY22 revenue growth of 7% year-on-year to $369.98 million, beating the consensus of $334.79 million. Materials processing sales accounted for 92% of total revenue and increased 7% Y/Y with higher sales in welding, marking, 3D printing, and cleaning applications. Sales into Other applications increased 9% Y/Y, driven…

Benzinga

Lear Q1 Earnings Top Estimates; Cuts FY22 Outlook

Lear Corp (NYSE:LEA) reported a first-quarter FY22 sales decline of 3% year-on-year to $5.21 billion, beating the consensus of $5.04 billion. Global vehicle production decreased 4% Y/Y, with North America down 2%, Europe shedding 18%, and China climbing 8%. Net sales from North America rose 9.3% Y/Y, Europe and Africa fell 13.8%, Asia…

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