Post a Free Blog

Submit A Press Release

At CWEB, we are always looking to expand our network of strategic investors and partners. If you're interested in exploring investment opportunities or discussing potential partnerships and serious inquiries. Contact: jacque@cweb.com

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
Anime
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
Home Blog Page 10810

Lowe’s Companies Reports Q1 EPS Beat, Provides 2022 Guidance

0


Lowe’s Companies, Inc. (NASDAQ:LOW) reported its Q1 results, with EPS of $3.51 coming in better than the consensus estimate of $3.24. Revenue was $23.7 billion, slightly lower than the consensus estimate of $23.8 billion. Consolidated comparable sales declined 4% in Q1. Shares were trading more than 2% higher Thursday afternoon.
Sales are more skewed to DIY customers and seasonal categories. Analysts at Oppenheimer view the somewhat softer than planned Q1 sales as reflective of a slower start to Spring and as masking indications of otherwise continued solid demand in the home improvement category.
The company provided its full 2022-year outlook, expecting EPS in the range of $13.10-$13.60, compared to the consensus of $13.38, and revenue in the range of $97-99 billion, compared to the consensus of $98.1 billion.

Dates announced for 2022 NHL Awards winners


The league announced the schedule Thursday for the 2022 NHL Awards winners.

The winners of seven trophies will be announced from June 1-7, one winner per day, during the conference finals.

They are the Mark Messier NHL Leadership Award (June 1), Jack Adams Award (June 2), Bill Masterton Memorial Trophy (June 3), Willie O’Ree Community Hero Award (June 4), Frank J. Selke Trophy (June 5), Lady Byng Memorial Trophy (June 6) and King Clancy Memorial Trophy (June 7).

The five remaining awards — Calder Memorial Trophy, Hart Memorial Trophy, James Norris Memorial Trophy, Ted Lindsay Award and Vezina Trophy — will be revealed in a live one-hour special on June 21 at 7 p.m. ET on ESPN in the U.S. and Sportsnet and TVA in Canada.

Voting for the Jim Gregory General Manager of the Year Award is being conducted during the second round of the Stanley Cup Playoffs. The finalists will be announced at the June 21 awards show and the winner will be named at the July 7-8 NHL Draft in Montreal.

–Field Level Media

Heat favored to claim 2-0 lead at home vs. Celtics


Game 1 hero Jimmy Butler isn’t much for rating his performance or basking in the achievement, even when topping the 40-point mark.

However, Butler will be out to match a stellar all-around effort in Game 2 of the Eastern Conference finals Thursday night when his Miami Heat host the Boston Celtics.

The Heat opened as 5.5-point favorites at BetMGM but the line has shifted to 3.5. Action at the sportsbook has been split evenly on the spread bets while 52 percent of the handle has backed the Celtics.

The line is 3.5 points at DraftKings, where Boston has drawn 55 percent of the spread bets and handle.

Butler scored 41 points and also contributed nine rebounds, five assists, four steals and three blocked shots to help Miami overcome a 13-point, second-quarter deficit en route to a 118-107 victory on Tuesday.

It was Butler’s fifth 40-point performance in the playoffs during his three seasons with the Heat — only franchise icon Dwyane Wade (seven) has more — but he downplayed talk that he stepped up to meet the moment.

“Probably because I don’t care if it’s a big stage or a little stage or who is watching,” Butler said. “I do what I do for my family, for my people, for my organization and for my teammates. That’s it. Doesn’t matter if it’s a big stage, home or away. I know why I do what I do.”

Boston didn’t know how to stop him, especially when Butler scored 17 points in the third quarter that began with a 22-2 Miami run and closed with a 17-3 burst.

The Celtics’ 62-54 halftime lead evaporated and the team trailed 93-76 entering the final stanza.

Boston guard Jaylen Brown said his club needs to rattle Butler in Game 2.

“He’s comfortable,” Brown said. “He’s very comfortable right now, and we’ve got to do a better job of breaking that rhythm that he’s in. That’s it. We’ve got to take the challenge.”

Brown pointed out that it was “uncharacteristic” of the Celtics to allow 118 points.

Part of the problem was NBA Defensive Player of the Year Marcus Smart (right foot) sat out the contest and big man Al Horford (COVID-19 protocol) was a late scratch. Smart is probable to return Thursday night while Horford (listed as doubtful) realistically could return for Saturday’s Game 3 in Boston.

Guard Derrick White, who started Game 1 in Smart’s absence, will miss Game 2 for personal reasons.

Also, Celtics coach Ime Udoka missed Wednesday’s off-day media session due to a non-COVID illness.

While the loss of Smart and Horford hurt, the Celtics unraveled in the third quarter when they were outscored 39-14 and made just 2 of 15 field-goal attempts with eight turnovers.

Boston star Jayson Tatum committed six of his seven turnovers in the stanza.

“I’ll be the first one to say I’ll take the blame for that,” Tatum said. “I’ve got to lead better. I’ve got to play better, especially in those moments. I’m just looking forward to responding next game.”

Celtics guard Payton Pritchard downplayed the ball-protection issues on a night in which Tatum contributed 29 points, eight rebounds, six assists and four steals.

“It’s not an issue. Players can make mistakes,” Pritchard said. “We’ll come back next game, be ready for it. We’ll make adjustments and be ready to go.”

With Boston surely gearing adjustments toward slowing Butler, the Heat will be aiming to give their star some help in Game 2. Tyler Herro scored 18 points off the bench and unheralded starter Gabe Vincent added 17 points. No other Heat player scored more than 11.

Of course, Butler has three 40-point outings this postseason so perhaps a Game 2 repeat is possible.

“You can’t expect him to get 40,” veteran forward P.J. Tucker said. “He’s consistently being aggressive, whether he’s making shots, missing shots, whatever the case is, and that puts everybody else in position to be able to rebound and get open shots with people helping and him making plays for everybody else. It lifts the level of our team and it lifts the play of everybody.”

Heat coach Erik Spoelstra won’t be surprised if there is another Butler splurge in Game 2.

“Jimmy Butler is an elite competitor,” Spoelstra said. “There are a lot of guys in this league playing basketball; he’s competing to win. That’s a totally different thing, and he does that as well as anybody in this league.”

Miami has ruled out Kyle Lowry (left hamstring) for Game 2. He has missed seven of the past nine games.

The 207.0-point Over/Under at DraftKings has seen the Over drawing one-sided action with 67 percent of the bets and 79 percent of the handle. The line has shifted from 205.5 to 207.5 points at BetMGM, where the Over has been backed by 74 percent of the bets and 84 percent of the handle.

–Field Level Media

Nick Saban apologizes for singling out Texas A&M on NIL


Alabama coach Nick Saban apologized Thursday for calling out Texas A&M and two other schools during a speech for leveraging name, image and likeness (NIL) deals to attract players.

Saban set off a firestorm Wednesday night when he said Texas A&M “bought every player on their team.”

“I should have never really singled anybody out,” Saban said during an interview with ESPNU Radio on SiriusXM. “That was a mistake and I really apologize for that part of it.”

Saban’s incendiary comments came Wednesday night during an event with more than 100 business leaders in Birmingham, Ala.

The SEC issued a statement on Thursday admonishing Saban for his comments and Aggies coach Jimbo Fisher for his reply, which came earlier Thursday.

“The membership of the Southeastern Conference has established expectations for conduct and sportsmanship that were not met (Wednesday) nor today,” commissioner Greg Sankey said. “A hallmark of the SEC is intense competition within an environment of collaboration. Public criticism of any kind does not resolve issues and creates a distraction from seeking solutions for the issues facing college athletics today. There is tremendous frustration concerning the absence of consistent rules from state to state related to name, image and likeness. We need to work together to find solutions and that will be our focus at the upcoming SEC Spring Meetings.”

Saban made the initial comments to point out that the wild-west nature of NIL deals for players is not sustainable. And he took aim at Texas A&M’s recruiting class, ranked No. 1 in the country.

“I know the consequence is going to be difficult for the people who are spending tons of money to get players,” Saban said at an event for July’s World Games in Birmingham. “We were second in recruiting last year. A&M was first. A&M bought every player on their team. Made a deal for name, image and likeness.

“We didn’t buy one player, all right? But I don’t know if we’re going to be able to sustain that in the future, because more and more people are doing it. It’s tough.”

Fisher responded Thursday, defending his program and calling Saban a “narcissist.” Fisher said he refused to take Saban’s call since his comments Wednesday night.

“Some people think they’re God,” Fisher said. “Go dig into how God did his deal, you may find out about a lot of things that you don’t want to know. We build him up to be the czar of college football. Go dig into his past.

“I just know that what we did was nothing wrong. Not done the wrong way. Nothing was promised. Nothing was a deal. And we didn’t buy any players,” Fisher added. “You can call me anything you want to call me, you don’t call me a cheat. I don’t cheat. I don’t lie.”

Saban also called out Jackson State football and Miami’s basketball program.

“Hell, read about it in the paper. Jackson State paid a guy $1 million last year that was a really good Division I player to come to the school,” Saban said, referring to five-star prospect Travis Hunter, who flipped from Florida State to the HBCU school coached by Deion Sanders.

“It was in the paper, and they bragged about it. Nobody did anything about it. I mean, these guys at Miami that are going to play basketball there for $400,000, it’s in the newspaper. The guy tells you how he’s doing it.”

Saban was referring to Nijel Pack, who transferred from Kansas State to Miami and then inked a $400,000 NIL deal with LifeWallet.

Sanders responded on Twitter, calling Saban’s assertion about Hunter a lie.

Saban told ESPN earlier Thursday that he reached out to Fisher and shouldn’t have used any names when he discussed Texas A&M and Jackson State.

“Look, I should have never singled anybody out, and I wasn’t saying that either one of those schools did anything wrong,” Saban told ESPN. “I didn’t intend it to mean they were buying players, but more that you’re able to buy players now and it’s totally legal. You’re just using name, image and likeness to do it. What I’m saying is that it’s not good for the game and is only going to get worse unless there’s some federal legislation.”

–Field Level Media

Canada Goose Shares Up 9% Following Q4 Results

0


Canada Goose (NYSE:GOOS) shares rose more than 9% today following the company’s reported Q4 results, with EPS of C$0.04 coming in above the Street estimate of (C$0.01). Revenue was C$223.1 million, slightly missing the Street estimate of C$223.9 million.
The company provided its full 2023-year outlook, expecting revenue of C$1.35 billion at a midpoint, compared to the consensus estimate of C$1.30 billion. EPS is expected to range from C$1.60 to C$1.90.
Although the company said that a return to regular trading levels in Mainland China is a driver of 2023’s fiscal outlook, 4 out of 16 retail stores there remain closed due to COVID. Q4 revenue growth in China was missing from this morning’s press release, which suggests it was likely very weak.

Dave Stockton: Phil Mickelson ‘not missed’ at PGA champions dinner

0


As with the Masters, past winners of the PGA Championship meet up before the tournament each year for a champions dinner. Two-time PGA champ Dave Stockton didn’t lose sleep over the fact that Phil Mickelson missed this year’s gathering.

Stockton, who won the PGA in 1970 and 1976, indicated Thursday that his peers were glad Mickelson wasn’t at Southern Hills Country Club in Tulsa, Okla., this week, saying he would have distracted from the proceedings.

“It was a fun evening. Phil was not missed,” Stockton told reporters. “I think Phil would have been a big distraction whether he was here. The story here this week is the PGA.”

Stockton was referring to the controversy surrounding Mickelson, who has stayed out of the public eye since February, when he drew backlash for comments he made about the Saudi-financed LIV Invitational Golf Series in a book excerpt. After missing the Masters, Mickelson initially registered to play in the PGA but withdrew last Friday.

By and large, Mickelson’s younger peers did not agree with Stockton’s sentiment, saying throughout the week that they wished Lefty was there to defend his title. Mickelson became the oldest major winner in golf history last year when he won the 2021 PGA Championship at Kiawah Island in South Carolina.

“This should be a celebration, right?” Rory McIlroy said Tuesday. “He won a major championship at 50 years old. It was possibly his last big, big moment in the game of golf. He should be — I think he should be here this week and celebrating what a monumental achievement he achieved last year.

“It’s unfortunate. It’s sad.”

–Field Level Media

Predators sign coach John Hynes to two-year extension


Nashville Predators head coach John Hynes signed a two-year contract extension on Thursday.

Financial terms were not disclosed for Hynes, who owns a 92-64-10 record since replacing Peter Laviolette on Jan. 7, 2020.

The Predators (45-30-7, 97 points) were swept by the Colorado Avalanche in the first round of this season’s playoffs. Nashville has clinched a playoff berth in all three seasons under Hynes.

“I think he’s done a fantastic job — and his staff,” Predators general manager David Poile said. “… I am totally comfortable with John and his coaching staff to lead us to bigger and better things moving forward.”

Hynes, 47, had been signed through the 2021-22 season with a team option for 2022-23.

He coached the New Jersey Devils from 2015-19 and posted a 150-159-45 record. His career record in the playoffs is just 4-15.

–Field Level Media

Iga Swiatek, defending champ Barbora Krejcikova draw top seeds at French Open


World No. 1 Iga Swiatek of Poland is the top seed at the French Open, which begins Sunday.

She has won 28 straight matches and is coming off consecutive victories at Rome, Stuttgart, Miami, Indian Wells and Doha.

Defending champion Barbora Krejcikova of the Czech Republic was revealed as the No. 2 seed in the tournament in Thursday’s draw.

Swiatek, who won the clay-court major in 2020, will face a qualifier in the first round. Krejcikova will meet French teenager Diane Parry.

No. 3 seed Paula Badosa of Spain reached her first Grand Slam quarterfinal at Roland Garros last year and will meet France’s Fiona Ferro, a wild card, in the first round.

Maria Sakkari of Greece is the highest-seeded player in her quarter at No. 4 and also will open against a French woman, Clara Burel. Estonia’s Anett Kontaveit rounds out the top five and will play her first-round match against Ajla Tomljanovic of Australia.

Interesting first-round matchups include No. 27 seed Amanda Anisimova vs. former World No. 1 Naomi Osaka of Japan, and No. 10 seed Garbine Muguruza of Spain against Estonian Kaia Kanepi, a seven-time Grand Slam quarterfinalist.

If Swiatek can qualify for the Round of 16, a past champion could be waiting for her. No. 13 seed Jelena Ostapenko of Latvia, the 2017 winner, and 2018 champion Simona Halep, the No. 19 seed, could meet Swiatek there.

Sakkari, who reached the semifinals in Paris last year, potentially could face Osaka or Anisimova in the third round.

–Field Level Media

Celtics’ Al Horford available to play in Game 2 vs. Heat


Boston Celtics center Al Horford will be available to play in Game 2 of the Eastern Conference finals against the host Miami Heat on Thursday night.

Horford was ushered into the NBA’s health and safety protocol hours before the Celtics’ 118-107 loss in the series opener on Tuesday. He was upgraded from doubtful to questionable earlier on Thursday before the team made its announcement.

Marcus Smart also missed Game 1 with a midfoot sprain he sustained in Boston’s 109-81 victory over the Milwaukee Bucks in Game 7 of the conference semifinal series. Smart, the NBA Defensive Player of the Year, is listed as probable for Thursday’s contest.

“He’s better but still has to test it out pregame,” Celtics coach Ime Udoka said of Smart on Thursday morning. “But he’s probable for tonight. When he goes before the game, we’ll know from there, but he looked better in shootaround today and overall we expect him to play.”

Guard Derrick White, who started in place of Smart in Game 1, will miss Thursday’s game after leaving the team to be with his wife for their birth of their first child.

Celtics forward Sam Hauser (shoulder) is out for Game 2.

–Field Level Media

Bath & Body Works Cuts 2022 EPS Estimates, Shares Down 6%

0


Bath & Body Works, Inc. (NYSE:BBWI) shares closed more than 6% lower on Thursday following the company’s reported Q1 results. While both the EPS and revenue of $0.64/$1.45 billion came in better than the consensus estimates of $0.50/$1.38 billion, 2022 guidance was cut. The company now expects Q2 diluted EPS of $0.60-$0.65. For the full 2022-year, diluted EPS is expected to be in the range of $3.80-$4.15, down from the previous $4.30-$4.70.
Analysts at Deutsche Bank said they were surprised to see the announcement of incremental investments in an environment that includes inflationary pressure, a potential slowdown in consumer spending, and increasing promotional levels.
BBWI outlined incremental investments this year including an extra $25 million to establish separate IT capabilities, $50M million due to the acceleration of the loyalty program, and “additional SG&A costs related to our CEO transition, including severance and retention for key talent and other associated expenses.”
The company also called out a $225-$250 million inflation impact for the year which compares with $150-$175 million included in the prior guidance.