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Home Blog Page 8628

What to Expect From Church & Dwight’s Upcoming Q1 Earnings?

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RBC Capital shared its outlook on Church & Dwight (NYSE:CHD) ahead of the upcoming Q1/23 earnings report, scheduled to be released on April 27.
The analysts expect Q1 organic sales growth of 1.6% (in line with the Street estimates) and EPS of $0.76 (vs. Street’s $0.77) and see a modest upside to numbers.
The analysts expect another quarter of household strength driven by the company’s value brands and an improving supply chain. They expect the company’s troubled spots to remain a drag but less than in previous quarters. On the flip side, the company’s recent acquisitions are doing very well (Hero/Therabrush).
The analysts expect a gross margin expansion of 10 bps in the quarter to 42.7%. The company expects gross margin inflection into expansion territory this quarter following the past 10 quarters of contraction.

Squarespace Upgraded to Buy at Citi

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Citi upgraded Squarespace (NYSE:SQSP) to Buy from Neutral and raised its price target to $40.00 from $30.00, driven by an improved growth outlook.
The upgrade is supported by strong Q4/22 results and fiscal 2023 guidance, along with macro trends favoring new business formations and domain growth year-to-date.
Additionally, positive feedback from Citi’s Web Builders Survey suggests the company’s competitive edge, while multiple fundamental drivers (such as payment rollout and improved pricing and packaging) and structurally higher margins underpin their positive outlook.
According to Citi, this improvement is likely to continue beyond 2024, leading to upside pressure on estimates.

American Music Icon and Activist Harry Belafonte Dies at 96

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Wikimedia Image Author Rodrigo Fernández

Harry Belafonte has died at the age of 96. Harry Belafonte was a true icon of American music and activism. His contributions to the civil rights movement and his commitment to social justice have left an indelible mark on American culture. His music and activism continue to inspire new generations of artists and activists, and his legacy will undoubtedly endure for years to come.

Belafonte is best known for his contributions to the civil rights movement and for popularizing Caribbean music in the United States. He has won multiple awards for his music, including a Grammy Lifetime Achievement Award, and has been recognized for his humanitarian efforts.

Belafonte’s musical career began in the 1950s, and he quickly became known for his unique blend of traditional Caribbean music and American jazz. He achieved his first major hit in 1956 with the song “Banana Boat (Day-O)”, which was inspired by the Jamaican folk song “Day Dah Light.” The song became a massive hit in the United States, reaching the top five on the charts and earning Belafonte a gold record.

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Belafonte’s success continued throughout the 1950s and 1960s, as he recorded numerous albums that featured traditional Caribbean music and African American spirituals. He also acted in several films during this time, including “Carmen Jones” (1954) and “Island in the Sun” (1957).

Beyond his music and acting career, Belafonte has been a vocal advocate for social justice and civil rights. He was a close friend and collaborator of Dr. Martin Luther King Jr. and was an active participant in the civil rights movement. He helped organize the March on Washington in 1963, where King delivered his famous “I Have a Dream” speech.

The breadth of Belafonte’s activism was extraordinary. He perceived the struggle for civil rights as an international one. He became friends with Nelson Mandela and spearheaded an anti-apartheid movement in South Africa. He raised awareness of the HIV/AIDS crisis and was appointed a UNICEF Goodwill Ambassador. Belafonte produced the idea for the 1985 smash song “We Are the World,” which brought together a star-studded cast of pop and rock musicians, including Michael Jackson, Bruce Springsteen, Bob Dylan, and others, to collect money for famine relief in Africa.

Belafonte has continued to use his platform to promote social change throughout his life. He has been involved in numerous humanitarian efforts, including advocating for refugees and promoting HIV/AIDS awareness. He has also been a vocal critic of U.S. foreign policy, particularly with regards to Cuba and Palestine.

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Belafonte’s impact on American music and culture cannot be overstated. He brought Caribbean music to the mainstream and helped to popularize African American spirituals. He also used his platform to advocate for social change, inspiring generations of artists and activists to use their art as a tool for social justice.

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Chris Cuomo demands $125 million from CNN as compensation for ‘Smear Campaign’

 

PGA News: PGA Tour merges Canadian, Latin circuits into PGA Tour Americas

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PGA Tour Latinoamerica and PGA Tour Canada are merging under one umbrella to form PGA Tour Americas, the PGA Tour announced Tuesday.

PGA Tour Americas will hold 16 events across Latin America, Canada and the United States from February to September in 2024. The top 10 finishers on the season-long points list will earn Korn Ferry Tour membership for the following season.

“As we build on the rich golf history across Latin America and Canada, we are thrilled about PGA TOUR Americas and the role this tour will play in preparing players for the next step in their professional golf journey,” said Alex Baldwin, president of the Korn Ferry Tour.

“PGA TOUR Americas will be an extremely competitive tour aimed at identifying, developing and transitioning top-performing players to the next level as they ascend through the ranks and strive to reach the highest level of professional golf, the PGA TOUR.”

The Latin America Swing of the PGA Tour Americas will begin in February and span into May. The top 60 players from that group will compete in the North America Swing from June through September, and a cumulative points list for both swings will determine which 10 players advance to the Korn Ferry Tour.

Also, the top two finishers from the Latin America Swing and the top three from Canada will receive conditional status.

–Field Level Media

WTA News: Karolina Muchova remains strong, opens with win at Madrid

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Karolina Muchova of the Czech Republic kept up her strong start to 2023 with a convincing 6-2, 6-2 win over Anett Kontaveit in the first round of the Mutua Madrid Open in Spain on Tuesday.

Muchova won 70.6 percent of her first serves and broke Estonia’s Kontaveit five times in nine opportunities to roll into the next round. Kontaveit, also working on a return from a back injury, produced just nine winners against 20 unforced errors on the clay.

Muchova improved to 3-0 against Kontaveit.

“I spin it more, she goes for it, she goes fast,” Muchova told tennis.com afterward. “She made more mistakes that helped me for sure. I tried to play my game and it kind of worked.”

Muchova improved to 14-5 in main draws this year after battling abdominal and ankle injuries in 2022.

“From the start I was a little bit struggling and sliding. It’s a different clay than we have in Prague, where I was practicing,” Muchova said. “I’m really glad that I managed to win it in two sets.”

Muchova has a date with No. 31 Irina Camelia Begu of Romania in the second round.

Italy’s Elisabetta Cocciaretto spoiled the return of Czech Barbora Strycova 6-3, 7-6 (5).

Strycova, 37, was playing in her first match since the 2021 Australian Open after giving birth to a son in September 2021. Strycova fought back from a 5-2 deficit in the second set, but Cocciaretto clinched the win on her fourth match point.

In the marathon match of the day, Romanian Ana Bogdan rallied to defeat Anna Bondar of Hungary 4-6, 6-4, 7-6 (2) in three hours and one minute.

Yulia Putintseva of Kazakhstan also opened with a win, defeating Claire Liu 6-4, 6-4. Putintseva draws fifth-seeded Caroline Garcia of France in the next round.

Linda Fruhvirtova of Czech Republic advanced with a 6-3, 7-5 win over Katie Volynets.

Also, Belgium’s Maryna Zanevska needed just 58 minutes to beat Sofia Kenin 6-0, 6-3. Canadian Rebecca Marino advanced with a 7-6 (1), 6-4 win over Lin Zhu of China. Sorana Cirstea of Romania was a 6-3, 3-6, 6-1 winner over Lauren Davis. Germany’s Jule Niemeier handled China’s Xinyu Wang 6-4, 6-2.

–Field Level Media

McDonald’s Reports Better Than Expected Q1 Earnings Results

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McDonald’s (NYSE:MCD) reported its Q1 earnings results today, with EPS coming in at $2.63, better than the Street estimate of $2.33. Revenue grew 4.1% year-over-year to $5.9 billion, beating the Street estimate of $5.57 billion. Comparable sales grew around 13% in Q1, driven by elevated menu prices and growth in the company’s digital operations.
CEO Chris Kempczinski expressed during an earnings call that the company is experiencing a rise in market share across all income groups. This development has left the company feeling positive about its value and consistency. Despite customers ordering fewer items per order, Kempczinski believes that McDonald’s performs well in all situations, giving the company optimism as it moves forward for the rest of the year.

Transgender Dylan Mulvaney Stirs Up Controversy Among Fans With #BoycottMaybelline

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Shutterstock Lev Radin

Following a partnership with transgender social media celebrity Dylan Mulvaney, who shared a brief video last month of herself using the company’s cosmetics and “getting glam,” Maybelline is receiving calls for a boycott. #BoycottMaybelline is a trending hashtag over the incident trending on Twitter. Many web fans feel Mulvaney disrespect women.

The outcry is a result of conservative lawmakers in several American states passing legislation that limits transgender people’s rights, such as a recent bill in North Dakota that limits access to transgender health care there. Brands of all sizes frequently collaborate with social media influencers to market their goods via Instagram Reels or TikTok videos, frequently as a method to show their support for diversity or to target particular demographics like young women or LGBTQ+ individuals.

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Mulvaney, 26, sparked a discussion about transgender brand ambassadors when Bud Light sent her a customized beer can bearing her face to mark a year since she began her gender change. The use of the star by large firms to advertise female products has stirred up controversy. Nike is using Mulvaney, who identifies as a woman but has not yet undergone gender reassignment surgery, to promote its line of athletic wear for women.

Additionally, companies including Maybelline, Ole Henriksen, Kate Spade, CeraVe, Crest, and Native Deodorant paid to have their products promoted on the celebrity’s social media.

@dylanmulvaney Getting glam for my Day 365 show with @maybelline #maybellinepartner ? Hey It’s Me – Official Sound Studio

After accepting a PR package from the manufacturers of sanitary products Tampax, Mulvaney sparked uproar. It’s false marketing at its best.

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The celebrity said subsequently that she did not use tampons despite claiming to carry them in several videos.

Mulvaney was a featured guest on the podcast of the American cosmetics chain Ultra cosmetics in October of last year, which drew controversy.

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Bernard Arnault, luxury goods manufacturer overtakes Elon Musk in top billionaires ranking

NWSL News: Racing Louisville acquire M Jordan Baggett from Spirit


Racing Louisville FC acquired midfielder Jordan Baggett from the Washington Spirit on Tuesday in exchange for a pair of draft picks.

The Spirit received Racing’s second-round pick in the 2024 NWSL Draft in addition to a conditional third-round selection in the 2025 NWSL Draft.

“We’re really ecstatic to have Jordan joining our club,” Racing general manager Ryan Dell said. “Jordan is a former top draft pick with plenty of league experience, and she’s also a great personality to add to our already-close locker room. As we prepare for upcoming absences on our roster with the World Cup this summer, adding a player of Jordan’s caliber to our midfield was a no-brainer.”

Baggett, 26, has recorded five goals in 35 career appearances (26 starts) since being selected by Washington with the No. 3 overall pick in the 2019 NWSL Draft.

“We greatly appreciate everything Jordan has contributed to this club,” Spirit coach Mark Parsons said. “It’s clear that she has left a positive impact in her four years here and we wish her all the best as she continues her professional career.”

–Field Level Media

MLS News: Rapids acquire M Danny Leyva on loan from Sounders

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The Colorado Rapids acquired midfielder Danny Leyva on loan from Seattle Sounders FC Tuesday in exchange for $92,000 in 2023 general allocation money and a third-round pick in the 2025 MLS SuperDraft.

Per the agreement between the teams, both clubs reserve the right to end the loan during the secondary transfer window.

“It was important for us to reinforce our midfield with a player of Danny’s quality as the schedule begins to get congested over the coming months,” Rapids president Padraig Smith said. “Danny’s an intelligent and highly technical player who has already logged significant MLS minutes at his young age. We look forward to welcoming him to Colorado and seeing him contribute to the team.”

Leyva became the youngest signing in Sounders’ franchise history when he inked a homegrown player deal in 2019. He was 15 at the time.

Leyva, 19, has yet to record a goal or an assist in three appearances off the bench this season. He has two assists in 54 career MLS matches (25 starts) with the Sounders.

–Field Level Media

Mystics officially sign G Kristi Toliver


Three-time All-Star guard Kristi Toliver signed a contract with the Washington Mystics on Tuesday.

Terms of the deal were not announced by the team for Toliver, who announced in January that she was returning to the Mystics following the conclusion of the NBA season. She is an assistant coach with the Dallas Mavericks.

“It is extremely exciting to have Kristi back with the Mystics,” Washington general manager Mike Thibault said. “Her ability to play both guard positions give our lineup a lot of flexibility. She is one of the premier 3-point shooters in WNBA history, as well as being one of the best players to create her own shot in key situations.”

The Chicago Sky selected Toliver with the No. 3 overall pick in the 2009 WNBA Draft. She was traded to Los Angeles in 2010, signed as a free agent with the Mystics in 2017, then signed a three-year deal to return to the Sparks in 2020.

Toliver, 36, won titles with the Sparks in 2016 and Mystics in 2019.

It was in Washington that she got her start coaching in the NBA, joining the Wizards’ staff in October 2018. She has been with the Mavericks since August 2021.

Toliver has averaged 12.0 points, 3.5 assists and 2.2 rebounds in 369 career games (289 starts) during her WNBA career.

In part due to the Mavericks’ extended playoff run last season, Toliver was limited to 11 games (10 starts) with the Sparks in 2022. She averaged 5.9 points and 3.1 assists.

–Field Level Media