Results for: Turnaround

BofA Securities analyst Curtis Nagle downgraded Beyond Meat (BYON) to ‘Underperform’ from ‘Neutral’, citing concerns about the company’s struggling turnaround efforts. While Beyond has reduced costs and transitioned to an asset-light model, revenue declines persist, and the analyst questions the effectiveness of partnerships with struggling retailers. Despite efforts to revive its three brands, customer affinity remains tied to marketing and promotions, raising doubts about near-term improvement.

Hasbro Inc. (HAS) reported a 15% year-over-year decline in third-quarter sales, primarily driven by the eOne film divestiture. Despite this, the company’s adjusted earnings per share beat analyst expectations, and Hasbro’s CEO highlighted ongoing turnaround efforts. The company also revised its revenue outlook for the Consumer Products Segment but maintained its adjusted EBITDA guidance.

Starbucks shares tumbled after the company issued a dismal preview of its fourth-quarter results, revealing a projected 3% decline in revenue and a 7% drop in global comparable sales. While investors had anticipated a challenging quarter, the severity of the miss caught them off guard. Analysts are now closely scrutinizing the new CEO’s turnaround strategy, ‘Back to Starbucks,’ as the company prepares to unveil more details during its earnings call on October 30th.

Truist Securities analyst Joseph Civello upgraded Nike to Buy, citing a more realistic investor outlook and key leadership changes. While acknowledging a lengthy turnaround process, Civello believes Nike’s new strategy, including increased marketing and re-building wholesale partnerships, is heading in the right direction.

Nike Inc. has appointed Elliott Hill as its new CEO, sparking optimism among investors due to his extensive experience and understanding of the company’s culture. Analysts are cautiously optimistic, believing Hill’s appointment could lead to a turnaround, but acknowledging the challenges Nike faces with stalled revenue growth and increasing competition. They are eager to see Hill’s plans for reviving the brand and driving future growth at the upcoming Investor Day in November.

Barclays analyst Adrienne Yih upgraded V.F. Corporation (VFC) to Overweight, citing potential for a multi-year turnaround driven by brand and product improvements. The analyst expects gradual improvements in the company’s fundamentals, with positive sales growth anticipated for the Vans brand and gross margin exceeding expectations in the first quarter of 2025.

BofA Securities analyst Andrew G. Didora upgraded JetBlue Airways Corp (JBLU) from Underperform to Neutral, citing improving revenue trends and a favorable industry backdrop. Didora expects JetBlue’s liquidity position to improve significantly in the coming years, giving the company time to execute its turnaround plan. The upgrade reflects a positive outlook on the airline’s future.

Air India has significantly reduced its net losses in its first full year under the Tata Group, marking a major turnaround. Revenue growth and expansion in capacity contributed to the improved financial performance. The airline group, including Vistara and Air India Express, transported over 40 million passengers in FY24.

SurModics (SRDX) stock has been experiencing a downtrend, but its oversold status and positive earnings revisions suggest a potential rebound. The stock’s RSI reading and strong analyst sentiment indicate a possible shift in market sentiment.

Peloton Interactive Inc (PTON) shares surged 35% on Thursday after the company reported its first sales growth in nine quarters. Despite a mixed full-year outlook, Peloton exceeded Wall Street expectations for its fourth quarter, demonstrating progress in its turnaround strategy.