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On July 20, 2026, we present a DCF analysis for Analog Devices Inc (ADI), a company that has shown significant price performance over the past year. The stock h

On July 20, 2026, we delve into the discounted cash flow (DCF) analysis for Amphenol Corp (APH). The company has experienced a price performance of -4.9% over t

, /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced that the board of directors of its general partner declared a quarterly cash distribution of $0.93 per unit for the second quarter of 2026, or $3.72 per unit on an annualized basis, which is in-line with the prior quarter's distribution. WES's second-quarter 2026 distribution is payable on August 14, 2026, to unitholders of record at the close of business on July 31, 2026.

The Partnership plans to report its second-quarter 2026 results after market close on Wednesday, August 5, 2026. Management will host a conference call on Thursday, August 6, 2026, at 9:00 a.m. Central (10:00 a.m. Eastern) to discuss the Partnership's quarterly results. Participants are encouraged to dial into the conference call ten to fifteen minutes before the scheduled start time to avoid any delays entering the call. The full text of the release announcing the results will be available on the Partnership's website at www.westernmidstream.com.

Second-Quarter 2026 Results
Thursday, August 6, 2026
9:00 a.m. Central (10:00 a.m. Eastern)
Dial-in number: 888-880-3330
International dial-in number: 646-357-8766

To participate in WES's scheduled second-quarter earnings call, please refer to the above-listed dial-in information. To access the live audio webcast of the conference call, please visit the investor relations section of the Partnership's website at www.westernmidstream.com. A replay of the conference call will also be available on the website following the call.

ABOUT WESTERN MIDSTREAM

Western Midstream Partners, LP ("WES") is a master limited partnership formed to develop, acquire, own, and operate midstream assets. With midstream assets located in Texas, New Mexico, Colorado, Utah, and Wyoming, WES is engaged in the business of gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural-gas liquids, and crude oil; and gathering, transporting, recycling, treating, and disposing of produced water for its customers. In its capacity as a natural-gas processor, WES also buys and sells natural gas, natural-gas liquids, and condensate on behalf of itself and its customers under certain gas processing contracts. A substantial majority of WES's cash flows are protected from direct exposure to commodity price volatility through fee-based contracts.

For more information about WES, please visit www.westernmidstream.com.

This news release contains forward-looking statements. WES and its general partner believe that their expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this news release. These factors include our ability to meet distribution expectations and financial guidance; our ability to safely and efficiently operate WES's assets; the supply of, demand for, and price of oil, natural gas, NGLs, and related products or services; our ability to meet projected in-service dates for capital-growth projects; construction costs or capital expenditures exceeding estimated or budgeted costs or expenditures; and the other factors described in the "Risk Factors" section of WES's most-recent Form 10-K filed with the Securities and Exchange Commission and other public filings and press releases. WES undertakes no obligation to publicly update or revise any forward-looking statements.

Note regarding Non-United States Investors: This release is intended to be a qualified notice under Treasury Regulation Sections 1.1446-4(b) and 1.1446(f)-4. Brokers and nominees should treat one hundred percent (100.0%) of Western Midstream Partners, LP's distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Western Midstream Partners, LP's distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate. Furthermore, one hundred percent (100.0%) of Western Midstream Partners, LP's distributions to non-U.S. investors is in excess of cumulative net income for purposes of Treasury Regulation Section 1.1446(f)-4(c)(iii). Brokers and nominees are treated as withholding agents responsible for withholding on distributions received by them on behalf of non-U.S. investors. The CUSIP number of Western Midstream Partners, LP's common units is 958669 103.

WESTERN MIDSTREAM CONTACTS

Daniel Jenkins
Director, Investor Relations
[email protected]
866-512-3523

Rhianna Disch
Manager, Investor Relations
[email protected]
866-512-3523

SOURCE Western Midstream Partners, LP

Americké futures kontrakty posilují v čele s technologickým indexem Nasdaq 100

The AI trade in 2026 has broadened well past mega-cap headliners. NVIDIA, Microsoft and Alphabet remain reflexive answers, but the second wave of infrastructure and software beneficiaries looks most interesting in July. PineBridge’s 2026 outlook flags datacenter equipment growth as “essentially locked” as hyperscaler CapEx compounds, and Goldman Sachs frames the AI CapEx boom as the counterweight driving business and investment activity into 2026. That backdrop favors the layer of the stack bought after the GPUs: servers, networking fabric, and enterprise software that monetizes the models.

Three names capture that thesis: One for AI Factory hardware, another for AI data center ethernet and another for agentic enterprise AI. Each delivered a tool-verified data point in the last quarter that justifies the label “AI beneficiary” without needing NVIDIA in the ticker.

Dell Technologies (NYSE: DELL) Dell Technologies (NYSE:DELL | DELL Price Prediction) has become the most levered AI hardware pure-play outside chipmakers. In Q1 FY27, reported May 28, 2026, revenue hit $43.84 billion, up 87.5% YoY, and AI-optimized server revenue exploded to $16.13 billion, up 757% YoY. Non-GAAP EPS of $4.86 beat the $2.96 consensus. Management booked $24.40 billion in AI orders in the quarter and raised full-year FY27 revenue guidance to $165.0 to $169.0 billion, with AI server revenue guided to roughly $60 billion for the full year.

The bull case is clear: Dell captures the enterprise and sovereign AI buildout that hyperscalers cannot serve directly. CEO Jeff Clarke framed it as “exceptionally strong demand for AI-optimized servers” with over 3,000 customers now buying various forms of our Dell AI factories”. Shares are up 241.91% year to date through July 13, closing at $427.11, and traded up another 7.05% on July 14 to $457.21. A P/E of 23 against this growth profile remains reasonable if AI server orders compound.

The risk: gross margin compressed to 17.8% from 21.1% YoY as the AI mix crowds out higher-margin traditional server and storage revenue. Shareholders’ equity remains negative at $(1.40) billion, and prediction-market sentiment has cooled, with a composite score of 34.36 (bearish) and a -20.05 shift over the past seven days. A nonlinear order pattern means quarters can disappoint even inside a strong trend.

Salesforce (NYSE: CRM) Salesforce (NYSE:CRM) is the enterprise software counterpoint: agentic AI turning into durable recurring revenue. Q1 FY27 revenue came in at $11.13 billion, up 13.3% YoY, with non-GAAP EPS of $3.88 against a $3.13 estimate. Agentforce plus Data 360 combined ARR reached approximately $3.4 billion, up over 200% YoY, and Salesforce processed 3.8 billion Agentic Work Units and 28.6 trillion tokens. Marc Benioff called it “an outstanding quarter for Salesforce, record revenue, record deals, and cash flow. Agentic AI is the biggest growth opportunity for our customers, and for Salesforce.”

The bull case rests on valuation and monetization. Salesforce trades at a P/E of 19 with a 77.7% gross margin and 21.5% operating margin. Current RPO of $33.6 billion, up 14% YoY gives forward visibility, and the company raised FY27 revenue guidance to $45.9 billion to $46.2 billion. A $25 billion accelerated share repurchase reduced diluted share count to 871 million from 970 million YoY. Sentiment sits at a neutral 47.93 composite score, framing CRM as the contrarian pick, up just 3.21% over the past month against a -35.03% year-to-date return.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Salesforce didn't make the cut. Grab the names FREE today.

The risk: noncurrent debt ballooned to $39.3 billion from $10.4 billion to fund the buyback, and the Informatica acquisition adds integration risk. Core Sales and Service Cloud growth trails Agentforce, so the AI narrative must keep converting.

Arista Networks (NYSE: ANET) Arista Networks (NYSE:ANET) is the networking layer connecting hyperscaler GPU clusters, executing on both demand and pricing power. Q1 2026 revenue came in at $2.71 billion, up 35.1% YoY, non-GAAP EPS of 87 cents beat the 81-cent consensus, and operating cash flow more than doubled to $1.69 billion. Management raised the 2026 revenue target to $11.5 billion and the AI Fabrics target to $3.5 billion, effectively doubling AI sales annually.

The bull case is simple: Jayshree Ullal said flatly that “our demand is actually the best I have ever seen in my Arista tenure”, and the company now claims the number one market share in high-speed switching in the greater than 10 gigabit Ethernet category. Purchase commitments jumped to $8.9 billion from $6.8 billion, a forward indicator of the order book. Shares are up nearly 24% this year, with the strongest prediction sentiment of the three at a 66 bullish composite score.

The risk: gross margin compressed to 62.4% from 64.1% YoY as hyperscaler mix and component costs weigh on unit economics, and Arista carries meaningful customer concentration alongside 52-week lead times on key chips. If hyperscaler CapEx intentions soften in 2027, the backlog reprices quickly.

What Ties These Three Together Each captures a specific slice of AI spend, none requires calling the top on NVIDIA, and each delivered a quarter with hard evidence that AI dollars are landing on the P&L. That is the setup worth watching into second-half earnings season.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Salesforce didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

Posted by Defense World Staff on Jul 20th, 2026

Cantillon Capital Management LLC cut its stake in shares of CBRE Group, Inc. (NYSE:CBRE – Free Report) by 11.9% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 3,931,976 shares of the financial services provider’s stock after selling 528,610 shares during the period. CBRE Group makes up approximately 3.5% of Cantillon Capital Management LLC’s holdings, making the stock its 7th largest holding. Cantillon Capital Management LLC owned about 1.34% of CBRE Group worth $532,625,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Swiss RE Ltd. purchased a new stake in shares of CBRE Group during the fourth quarter valued at approximately $25,000. Navalign LLC acquired a new position in shares of CBRE Group during the fourth quarter worth $29,000. Ascentis Independent Advisors purchased a new position in shares of CBRE Group in the first quarter valued at $30,000. Sound Income Strategies LLC boosted its stake in shares of CBRE Group by 5,180.0% in the first quarter. Sound Income Strategies LLC now owns 264 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 259 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of CBRE Group in the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth Several equities research analysts recently issued reports on CBRE shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of CBRE Group in a research note on Friday, May 15th. Evercore set a $169.00 price objective on shares of CBRE Group in a research report on Tuesday, June 30th. Barclays raised their target price on CBRE Group from $175.00 to $178.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. UBS Group reaffirmed a “buy” rating on shares of CBRE Group in a research report on Wednesday, June 17th. Finally, Weiss Ratings cut CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $178.86.

Read Our Latest Stock Analysis on CBRE

Insider Activity In other news, CFO Emma E. Giamartino sold 2,250 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $130.74, for a total value of $294,165.00. Following the sale, the chief financial officer owned 110,729 shares in the company, valued at approximately $14,476,709.46. This represents a 1.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.46% of the company’s stock.

CBRE Group Stock Down 0.0% CBRE stock opened at $140.89 on Monday. CBRE Group, Inc. has a twelve month low of $121.69 and a twelve month high of $174.27. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $41.26 billion, a P/E ratio of 32.09 and a beta of 1.20. The firm has a 50 day simple moving average of $134.43 and a 200-day simple moving average of $144.69.

CBRE Group (NYSE:CBRE – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.48. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. The firm had revenue of $10.53 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same period in the prior year, the company posted $0.86 earnings per share. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. On average, equities research analysts predict that CBRE Group, Inc. will post 7.75 earnings per share for the current fiscal year.

About CBRE Group (Free Report)

CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.

In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.

See Also Five stocks we like better than CBRE Group Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks Want to see what other hedge funds are holding CBRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBRE Group, Inc. (NYSE:CBRE – Free Report).

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I keep hitting the “Buy” button on Credo Technology Group (NASDAQ:CRDO | CRDO Price Prediction) because I have not found another pure-play way to own the wiring of the AI data center at this scale. Every rack of GPUs a hyperscaler stands up needs high-speed connectivity that does not drop links, does not burn extra watts, and does not require the whole cluster to be babysat. Credo sells exactly that, and the fiscal 2026 numbers tell me the buyers are ordering with both hands.

The Thesis in Plain English Credo makes Active Electrical Cables, retimers, optical DSPs, SerDes chiplets and memory connectivity for AI clusters, supporting port speeds up to 1.6 terabits per second. Fabless, vertically integrated and now printing hyperscaler-grade margins.

CEO Bill Brennan put it cleanly on the Q4 call: “Fiscal 2026 marked another defining year for Credo. For the year, revenue more than tripled to $1.3 billion, and non-GAAP net income increased more than five times to $662 million.” That is the catalyst itself, already in motion.

Three Reasons the Conviction Holds First, the growth is real and compounding. Q4 FY2026 revenue landed at $437.00M, up 157.0% YoY, and full-year revenue came in at $1.335 billion, up 205.7% YoY. Credo has beaten EPS estimates in four consecutive quarters, with the most recent beat at 12.17%.

Second, the margin profile. Non-GAAP gross margin in Q4 was 68.3%, non-GAAP operating margin hit 49.6%, and net income margin reached 51.9%. Operating income grew 361.2% YoY on 157% revenue growth. That is operating leverage most semiconductor investors dream about.

Third, the balance sheet. Cash sits at $1.165 billion against total liabilities of $232.01M and equity of $2.064 billion. No debt overhang forcing a bad decision at a bad time.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Credo Technology Group didn't make the cut. Grab the names FREE today.

Why Not the Obvious Names The instinct is to reach for Broadcom (NASDAQ:AVGO), Marvell Technology (NASDAQ:MRVL) or Astera Labs (NASDAQ:ALAB). I own AI silicon through other slots, and none deliver Credo’s specific mix: Quarterly revenue growth of 157% year over year while operating margin ran 35.7% trailing 12 months on a share count barely over 186 million.

Broadcom is fine, but AI networking is one slice of a giant conglomerate. Marvell’s growth rate does not sit in the same neighborhood. Astera plays an adjacent lane, but Credo’s AEC franchise, where Brennan says “AECs are up to 1,000 times more reliable and consume half the power” versus optical, gives it a moat I can point to.

The Risk I Actually Watch Insider selling has been heavy. The CTO disposed of roughly 300,000+ shares across the April to July window, and executives were selling into the recovery, not just at the highs. Customer concentration is real: the top three customers were 35%, 33% and 20% of revenue in Q1. RSU-driven selling against $662 million in annual non-GAAP net income reads as routine diversification at a rapidly compounding company, and a fourth hyperscaler is already ramping toward material contribution.

What Keeps the Buy Button Active Q1 FY2027 guidance calls for revenue of $465 million to $475 million, sequentially higher again. Analysts are bullish with 17 Buy ratings versus one hold rating and a target of $269.81. Forward P/E of 41 is not cheap, but on this growth curve I will pay it.

As long as hyperscalers keep building clusters and Credo keeps beating its own guide, my order tickets stay open.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Credo Technology Group didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

Mickey Brunton Joins as Managing Director & Senior Leader on GP Solutions Team July 20, 2026 08:30 ET  | Source: Eaton Partners

STAMFORD, Conn., July 20, 2026 (GLOBE NEWSWIRE) -- Eaton Partners, one of the largest private capital advisory firms and a wholly-owned subsidiary of Stifel Financial Corp. (NYSE: SF), is announcing key appointments to expand its Private Capital Advisory (“PCA”) group, including the addition of Mickey Brunton as Managing Director and Co-Head of GP-led Secondaries.

Mr. Brunton will serve as a senior leader on Eaton Partners’ GP Solutions team, advising financial sponsors on GP-led secondary transactions and innovative liquidity solutions. Prior to joining Eaton Partners, Mr. Brunton was Head of Secondaries at Connaught LLC, where he established and led the firm’s Secondaries advisory platform, originating and executing approximately $500 million in secondary transactions. Before that, he served in Jefferies’ Private Capital Advisory group, advising on more than $4 billion in secondary transactions during his tenure. Mr. Brunton earned an MS in Finance from Texas Tech University and an undergraduate degree in Business Administration and Finance from Lubbock Christian University. Mr. Brunton is a CFA Charterholder.

“Our Private Capital Advisory group is a core pillar of our business, and Mickey’s appointment reflects our continued investment in the platform and commitment to maintaining Eaton’s position as a leading global capital solutions advisor,” said Eric Deyle, Global Co-Head at Eaton Partners. “With the growth of the Secondaries market and increasing demands from our clients, we are excited to welcome Mickey to the team, where his deep transaction experience and strong industry relationships will further strengthen our capabilities.”

“I have long respected Eaton Partners and am thrilled to join the team and contribute to the firm’s continued success,” said Brunton. “The firm's scale, global reach, and integrated platform position it exceptionally well to meet growing client demand. I am looking forward to working with the entire team to help accelerate Eaton’s next phase of growth.”

Also joining Eaton Partners from Connaught LLC are Stephen Sellman as Vice President, Matt Reynolds as Associate, and Darian Brill as Analyst.

Eaton Partners, which provides leading fundraising, advisory, and capital solutions capabilities as part of the investment banking team at Stifel, offers investment managers direct access to Stifel’s broader banking services, which include more than 750 professionals worldwide.

About Eaton Partners

Eaton Partners, a Stifel Company, is one of the world’s largest private capital advisory firms, having raised more than $140 billion across more than 190 highly differentiated alternative investment funds and offerings. Founded in 1983, Eaton advises and raises institutional capital for investment managers across alternative strategies – private equity, private credit, real assets, real estate, and hedge funds/public market – in both the primary and secondary markets. Eaton Partners maintains offices and operates throughout North America, Europe, and Asia. Eaton Partners is a division of Stifel, Nicolaus & Company, Incorporated, Member SIPC and NYSE. Eaton Partners subsidiary Eaton Partners (UK) LLP is authorized and regulated by the Financial Conduct Authority (FCA). Eaton Partners subsidiary Stifel Hong Kong Limited, doing business as Eaton Partners Hong Kong, is approved as a Type 1-licensed company under the Securities and Futures Commission (SFC) in Hong Kong. Eaton Partners and the Eaton Partners logo are trademarks of Eaton Partners, LLC, a limited liability company. ® Eaton Partners, 2025. For more information, please visit https://eaton-partners.com/.

Stifel Company Information
Stifel Financial Corp. (NYSE: SF) is a diversified financial services firm providing wealth management, commercial and investment banking, trading, and research services to individuals, institutions, and municipalities. Founded in 1890 and headquartered in St. Louis, Missouri, the firm operates more than 400 offices across the United States and in major global financial centers. As a firm where success meets success, Stifel works closely with retail and institutional clients aiming to transform opportunities into achievement. Stifel Bank and Stifel Bank & Trust, Members FDIC, offer a full range of consumer and commercial lending solutions. To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit www.stifel.com/investor-relations/press-releases.

Media Contacts

Evan Roesen, (332) 321-2488
[email protected]

WALTHAM, Mass.--(BUSINESS WIRE)--Revvity, Inc. (NYSE: RVTY) today published its 2026 Impact Report, highlighting the Company's sustainability, social and governance strategy, initiatives and performance. The annual report showcases how the Company continues to translate innovation into real-world impact, while embedding responsible and sustainable practices through its operations. "At Revvity, we believe scientific innovation and responsible business practices go hand in hand," said Prahlad Sin.

The Euro (EUR) trades marginally lower to near 1.1432 against the US Dollar (USD) during the European trading session on Monday. The major currency pair edges down as the US Dollar recovers its early losses.

At press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades marginally higher to near 100.77.

The Greenback bounces back even as oil prices have retreated amid hopes of de-escalation in ongoing military aggression between the United States (US) and Iran. Higher oil prices de-anchor inflation projections that prompt Federal Reserve (Fed) interest rate expectations, a scenario that is favorable for the US Dollar.

This week, investors will pay close attention to the European Central Bank (ECB) monetary policy announcement on Thursday, in which policymakers are expected to leave policy rates steady. In the June policy meeting, officials raised key rates by 25 basis points (bps), but guided a meeting-by-meeting approach.

Latest remarks from ECB officials signaled that more interest rate hikes could be needed as price pressures will likely stay above the central bank’s 2% target for longer.

EUR/USD technical analysis

EUR/USD trades slightly lower at around 1.1437, holding a mildly bearish near-term tone as it remains just under the 20-period Exponential Moving Average (EMA) at 1.1441, which now caps the upside. The price action suggests a Bearish Flag formation, which is a trend-continuation pattern. As price action suggests that the prior move was on the downside before a consolidation, the odds of further decline are significantly higher.

The Relative Strength Index (RSI) at about 47 leans slightly soft and hints that upside momentum is waning while the pair trades beneath its immediate dynamic resistance.

On the topside, initial resistance is located at the 20-day EMA around 1.1441, and a sustained break above this cap would expose the channel top near 1.1516 as the next hurdle. On the downside, the lower boundary of the rising channel at 1.1393 is the first notable support, and a decisive drop through this floor would weaken the constructive channel structure and open the door for further decline towards 1.1300.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

ECB FAQs The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy for the region. The ECB primary mandate is to maintain price stability, which means keeping inflation at around 2%. Its primary tool for achieving this is by raising or lowering interest rates. Relatively high interest rates will usually result in a stronger Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.

In extreme situations, the European Central Bank can enact a policy tool called Quantitative Easing. QE is the process by which the ECB prints Euros and uses them to buy assets – usually government or corporate bonds – from banks and other financial institutions. QE usually results in a weaker Euro. QE is a last resort when simply lowering interest rates is unlikely to achieve the objective of price stability. The ECB used it during the Great Financial Crisis in 2009-11, in 2015 when inflation remained stubbornly low, as well as during the covid pandemic.

Quantitative tightening (QT) is the reverse of QE. It is undertaken after QE when an economic recovery is underway and inflation starts rising. Whilst in QE the European Central Bank (ECB) purchases government and corporate bonds from financial institutions to provide them with liquidity, in QT the ECB stops buying more bonds, and stops reinvesting the principal maturing on the bonds it already holds. It is usually positive (or bullish) for the Euro.

Posted by Defense World Staff on Jul 20th, 2026

Bessemer Group Inc. grew its position in shares of BorgWarner Inc. (NYSE:BWA – Free Report) by 19.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 241,173 shares of the auto parts company’s stock after purchasing an additional 39,787 shares during the quarter. Bessemer Group Inc. owned approximately 0.12% of BorgWarner worth $13,086,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Ethos Capital Management Inc. bought a new stake in BorgWarner in the fourth quarter worth $1,433,000. Sivia Capital Partners LLC purchased a new stake in BorgWarner during the second quarter valued at about $339,000. Northwestern Mutual Investment Management Company LLC bought a new position in shares of BorgWarner during the fourth quarter valued at about $2,157,000. CWA Asset Management Group LLC boosted its stake in shares of BorgWarner by 62.3% during the fourth quarter. CWA Asset Management Group LLC now owns 85,131 shares of the auto parts company’s stock valued at $3,836,000 after purchasing an additional 32,672 shares during the period. Finally, Louisiana State Employees Retirement System bought a new position in shares of BorgWarner in the first quarter worth approximately $3,256,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth Several research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of BorgWarner from $73.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Morgan Stanley upped their price target on BorgWarner from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. UBS Group upgraded shares of BorgWarner from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $61.00 to $95.00 in a report on Wednesday, June 10th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $84.00 target price on shares of BorgWarner in a research report on Thursday, June 11th. Finally, TD Cowen lifted their target price on shares of BorgWarner from $66.00 to $67.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $74.57.

Read Our Latest Stock Report on BorgWarner

BorgWarner Stock Performance Shares of BWA stock opened at $62.44 on Monday. The company has a market capitalization of $12.81 billion, a price-to-earnings ratio of 36.95, a price-to-earnings-growth ratio of 1.33 and a beta of 1.09. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.75 and a current ratio of 2.13. BorgWarner Inc. has a one year low of $34.27 and a one year high of $78.82. The company’s 50-day moving average is $68.07 and its 200 day moving average is $58.44.

BorgWarner (NYSE:BWA – Get Free Report) last issued its earnings results on Wednesday, May 6th. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.08. BorgWarner had a net margin of 2.53% and a return on equity of 18.36%. The business had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the previous year, the company earned $1.11 earnings per share. The business’s revenue for the quarter was up .5% compared to the same quarter last year. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. Sell-side analysts expect that BorgWarner Inc. will post 5.16 EPS for the current fiscal year.

BorgWarner Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, June 1st. BorgWarner’s dividend payout ratio is presently 40.24%.

Insider Buying and Selling at BorgWarner In other news, CEO Joseph F. Fadool sold 29,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $67.31, for a total value of $1,951,990.00. Following the transaction, the chief executive officer owned 405,964 shares in the company, valued at $27,325,436.84. This represents a 6.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Tania Wingfield sold 5,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $63.24, for a total value of $316,200.00. Following the completion of the sale, the executive vice president owned 35,365 shares of the company’s stock, valued at $2,236,482.60. This trade represents a 12.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 67,500 shares of company stock worth $4,310,115 over the last 90 days. 0.76% of the stock is owned by company insiders.

BorgWarner Company Profile (Free Report)

BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.

Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.

See Also Five stocks we like better than BorgWarner Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks

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A pump jack operates near a gas turbine power plant in the Permian Basin oil field outside of Odessa, Texas, U.S. February 18, 2025. REUTERS/Eli Hartman/File Photo Purchase Licensing Rights, opens new tab

CompaniesJuly 20 (Reuters) - Magnolia Oil & Gas (MGY.N), opens new tab said on Monday it had agreed to acquire WildFire ​Energy for about $4.06 billion, including debt, to expand its position in ‌the Giddings field in South Texas.

The deal includes about 810,000 net acres in Giddings, more than doubling Magnolia's position there to over 1.25 million net acres, strengthening its position ​across the Austin Chalk, Eagle Ford and Woodbine formations.

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The acquisition also ​includes a sand mine that supplies about 80% of Magnolia's ⁠annual sand needs, along with more than 500 miles of gas gathering ​pipelines.

Shale producers are pursuing consolidation in core operating areas to secure long-life drilling ​inventory, lower development costs and support shareholder returns, even as the pace of industry megamergers has slowed.

The company said the larger, contiguous acreage position is expected to generate more than $100 ​million in annual cost savings and operational synergies.

"WildFire is not only a ​hand-in-glove fit for Magnolia, but it also offers unmatched benefits while meeting several important characteristics ‌we ⁠look for — focused, high-quality assets with concentrated scale, a low capital reinvestment rate providing moderate production growth, high operating margins, and steady free cash flow," Magnolia CEO Chris Stavros said.

Stavros added that these qualities would allow Magnolia to ​deliver consistent and ​significant shareholder returns.

Under ⁠the agreement, WildFire owners will receive 32.2 million Magnolia Class A shares, while Magnolia will assume $600 million of WildFire ​notes due in 2029.

Magnolia also raised its quarterly dividend by ​9% ⁠to 18 cents per share, citing confidence in the acquired assets' ability to generate higher free cash flow.

Separately, Magnolia said second-quarter production averaged 106,100 barrels of oil ⁠equivalent ​per day and raised its standalone 2026 production ​growth forecast to 6% from 5%.

The deal is expected to close late in the third quarter ​of 2026.

Reporting by Pranav Mathur in Bengaluru; Editing by Anil D'Silva and Shreya Biswas

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Posted by Defense World Staff on Jul 20th, 2026

California Public Employees Retirement System reduced its stake in Arch Capital Group Ltd. (NASDAQ:ACGL – Free Report) by 25.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 834,282 shares of the insurance provider’s stock after selling 286,839 shares during the period. California Public Employees Retirement System owned about 0.23% of Arch Capital Group worth $80,083,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ACGL. Geneos Wealth Management Inc. grew its holdings in Arch Capital Group by 157.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock worth $65,000 after acquiring an additional 412 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Arch Capital Group during the 2nd quarter worth $253,000. CW Advisors LLC raised its position in Arch Capital Group by 6.5% during the 2nd quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider’s stock worth $282,000 after purchasing an additional 189 shares during the last quarter. Jump Financial LLC acquired a new position in Arch Capital Group during the 2nd quarter worth about $667,000. Finally, Cerity Partners LLC lifted its holdings in Arch Capital Group by 11.6% during the 2nd quarter. Cerity Partners LLC now owns 47,486 shares of the insurance provider’s stock worth $4,324,000 after buying an additional 4,933 shares during the period. Institutional investors own 89.07% of the company’s stock.

Wall Street Analyst Weigh In Several analysts recently commented on ACGL shares. Wells Fargo & Company upped their target price on Arch Capital Group from $110.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Weiss Ratings cut shares of Arch Capital Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. JPMorgan Chase & Co. decreased their price target on Arch Capital Group from $117.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Keefe, Bruyette & Woods lowered their price objective on Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating for the company in a research report on Wednesday, July 8th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $102.00 target price (up from $100.00) on shares of Arch Capital Group in a research note on Thursday, July 9th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Arch Capital Group currently has an average rating of “Hold” and a consensus target price of $109.39.

Check Out Our Latest Stock Report on ACGL

Insider Buying and Selling In related news, Director Daniel Joseph Houston bought 5,300 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average price of $94.08 per share, with a total value of $498,624.00. Following the completion of the transaction, the director directly owned 9,915 shares in the company, valued at approximately $932,803.20. This represents a 114.84% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brian S. Posner sold 3,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total value of $58,980.00. The disclosure for this sale is available in the SEC filing. Insiders own 3.30% of the company’s stock.

Arch Capital Group Price Performance Shares of NASDAQ:ACGL opened at $101.35 on Monday. Arch Capital Group Ltd. has a twelve month low of $82.44 and a twelve month high of $105.09. The stock’s 50 day moving average is $95.09 and its 200-day moving average is $95.63. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $35.41 billion, a price-to-earnings ratio of 7.78, a PEG ratio of 5.04 and a beta of 0.31.

Arch Capital Group (NASDAQ:ACGL – Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $2.50 earnings per share for the quarter. The firm had revenue of $4.52 billion for the quarter. Arch Capital Group had a net margin of 24.64% and a return on equity of 17.61%. Sell-side analysts forecast that Arch Capital Group Ltd. will post 9.35 EPS for the current fiscal year.

Arch Capital Group Profile (Free Report)

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.

Read More Five stocks we like better than Arch Capital Group Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks Want to see what other hedge funds are holding ACGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arch Capital Group Ltd. (NASDAQ:ACGL – Free Report).

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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Below are the ratings of the most accurate analysts for three high-yielding stocks in the real estate sector.

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Posted by Defense World Staff on Jul 20th, 2026

Bessemer Group Inc. grew its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI – Free Report) by 28.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,058 shares of the construction company’s stock after buying an additional 10,165 shares during the period. Bessemer Group Inc. owned 0.11% of Armstrong World Industries worth $7,591,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AWI. Larson Financial Group LLC lifted its stake in Armstrong World Industries by 77.0% in the fourth quarter. Larson Financial Group LLC now owns 131 shares of the construction company’s stock worth $25,000 after acquiring an additional 57 shares during the period. Eurizon Capital SGR S.p.A. purchased a new position in Armstrong World Industries during the 4th quarter valued at $27,000. Cullen Frost Bankers Inc. increased its position in Armstrong World Industries by 124.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 177 shares of the construction company’s stock valued at $34,000 after purchasing an additional 98 shares during the period. CIBC Private Wealth Group LLC raised its holdings in Armstrong World Industries by 426.5% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 179 shares of the construction company’s stock worth $35,000 after purchasing an additional 145 shares in the last quarter. Finally, Sound Income Strategies LLC bought a new position in Armstrong World Industries in the 4th quarter worth $39,000. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Price Performance Shares of AWI stock opened at $156.01 on Monday. The business’s fifty day moving average is $156.87 and its 200 day moving average is $172.14. The company has a quick ratio of 1.04, a current ratio of 1.54 and a debt-to-equity ratio of 0.56. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 1.69 and a beta of 1.17. Armstrong World Industries, Inc. has a twelve month low of $150.28 and a twelve month high of $206.08.

Armstrong World Industries (NYSE:AWI – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The construction company reported $1.69 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.13). Armstrong World Industries had a net margin of 18.59% and a return on equity of 36.71%. The firm had revenue of $409.90 million for the quarter, compared to analysts’ expectations of $409.46 million. During the same period in the prior year, the business posted $1.66 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. Research analysts expect that Armstrong World Industries, Inc. will post 8.31 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were given a dividend of $0.339 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, May 11th. Armstrong World Industries’s dividend payout ratio (DPR) is 19.29%.

Wall Street Analysts Forecast Growth AWI has been the subject of several research analyst reports. Weiss Ratings cut shares of Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. UBS Group decreased their price target on shares of Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. Bank of America lowered their price objective on shares of Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating for the company in a report on Monday, April 20th. Finally, Evercore set a $200.00 price objective on Armstrong World Industries in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Armstrong World Industries presently has a consensus rating of “Moderate Buy” and an average price target of $211.86.

View Our Latest Research Report on Armstrong World Industries

About Armstrong World Industries (Free Report)

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.

Featured Stories Five stocks we like better than Armstrong World Industries Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks Want to see what other hedge funds are holding AWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Armstrong World Industries, Inc. (NYSE:AWI – Free Report).

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Here are three stocks with buy rank and strong value characteristics for investors to consider today, July 20:

Yext, Inc. (YEXT - Free Report) : This consumer information platform company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing by 21.4% over the last 60 days.

Yext has a price-to-earnings ratio (P/E) of 7.85 compared with 22.73 for the S&P. The company possesses a Value Scoreof A.

Versant Media Group, Inc. (VSNT - Free Report) : This media and entertainment company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing by 0.7% over the last 60 days.

Versant Media has a price-to-earnings ratio (P/E) of 8.21 compared with 22.73 for the S&P. The company possesses a Value Score of A.

Boise Cascade Company (BCC - Free Report) : This wood products company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next year earnings increasing 4.4% over the last 60 days.

Boise Cascade has a price-to-earnings ratio (P/E) of 20.14 compared with 22.73 for the S&P. The company possesses a Value Score of A.

See the full list of top ranked stocks here.

Learn more about the Value score and how it is calculated here.

Item 1 of 2 An Anduril Industries logo is seen at the 55th International Paris Airshow at Le Bourget Airport near Paris, France, June 17, 2025. REUTERS/Benoit Tessier

[1/2]An Anduril Industries logo is seen at the 55th International Paris Airshow at Le Bourget Airport near Paris, France, June 17, 2025. REUTERS/Benoit Tessier Purchase Licensing Rights, opens new tab

CompaniesFARNBOROUGH, England, July 20 (Reuters) - Archer Aviation (ACHR.N), opens new tab and defense technology company Anduril unveiled a co-developed autonomous aircraft platform on Monday, as aerospace startups increasingly tap partnerships that ​can lower development costs and speed up commercialisation.

The platform, developed together under a 2024 ‌deal, is designed for both commercial and military applications.

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Anduril introduced the defense variant, called Thunder, on Monday at the Farnborough Airshow. It's a Group 5 autonomous attack rotorcraft intended to fly alongside current and next-generation crewed attack ​and assault aircraft.

Archer CEO Adam Goldman told Reuters the company built a very specific ​aircraft rather than retrofit an existing aircraft.

"Andruil has done a very good job ⁠of identifying needs and then building ahead of those needs before programs ever get announced... ​They identified a need, and we built a very specific aircraft for that need," Goldman said.

"When ​you want to look at a product that can have large-scale use on the defense side, they typically will need to be built and designed and catered towards that very specific customer and use case."

Archer, best known ​for developing electric air taxis, plans to unveil its commercial variant and announce the platform's first ​commercial customers later this week, the companies said.

Developers of electric vertical takeoff and landing aircraft have been looking ‌to ⁠expand beyond urban air taxi services, once touted as a trillion-dollar market, as certification delays, infrastructure hurdles and steep capital requirements weigh on the sector.

The Thunder is aimed at "anyone who operates Apache, anyone who operates armed reconnaissance helicopters,” said Shane Arnott, Anduril Industries’ senior vice president of programs & ​engineering.

Air taxi companies are also ​increasingly turning to ⁠hybrid-electric propulsion to extend range and improve mission flexibility beyond short urban hops, hoping to tap broader markets and cut losses.

The Archer-Anduril platform uses ​a series hybrid-electric powertrain and tilt rotors designed to vary rotor speed ​across flight ⁠conditions, with capabilities to support missions including military strikes, cargo movement, remote logistics and other operations from austere locations, the companies said.

For Archer, the partnership offers a path into defense and heavier-duty commercial ⁠markets while ​the outlook for the air-taxi market looks cloudy.

The companies have ​completed multiple test flights using full-scale surrogate aircraft, a step toward validating key systems. Thunder's first flight is planned for ​2027.

Reporting by Shivansh Tiwary, David Shepardson and Cassell Bryan-Low in Farnborough, England; Editing by Sharon Singleton

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Shivansh reports on major aerospace, aviation, and industrial companies in the United States. A journalism graduate from Christ University in Bangalore, he specializes in breaking news and quarterly earnings reports for the country’s largest airlines and machinery manufacturers. His work is often featured in Reuters’ Aerospace & Defense and Autos & Transportation sections.

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, July 20:

Alliance Laundry Holdings Inc. (ALH - Free Report) : This commercial laundry systems company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.4% over the last 60 days.

Alliance Laundry Holdings has a PEG ratio of 1.19 compared with 1.38 for the industry. The company possesses a Growth Score of A.

National Energy Services Reunited Corp. (NESR - Free Report) : This oilfield services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.5% over the last 60 days.

National Energy Services Reunited has a PEG ratio of 0.32 compared with 0.59 for the industry. The company possesses a Growth Score of B.

Knight-Swift Transportation Holdings Inc. (KNX - Free Report) : This integrated downstream energy company carriesa Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.2% over the last 60 days.

Knight-Swift Transportation Holdings has a PEG ratio of 0.93 compared with 1.71 for the industry. The company possesses a Growth Score of B.

See the full list of top-ranked stocks here.

Learn more about the Growth score and how it is calculated here.

Posted by Defense World Staff on Jul 20th, 2026

Crescent Grove Advisors LLC reduced its position in Plains All American Pipeline Lp (NASDAQ:PAA – Free Report) by 62.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 41,453 shares of the company’s stock after selling 68,151 shares during the period. Crescent Grove Advisors LLC’s holdings in Plains All American Pipeline were worth $926,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Financial Life Planners bought a new stake in Plains All American Pipeline in the first quarter valued at approximately $27,000. Newbridge Financial Services Group Inc. boosted its stake in shares of Plains All American Pipeline by 40.7% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 2,263 shares of the company’s stock worth $41,000 after acquiring an additional 655 shares during the period. Aventura Private Wealth LLC bought a new position in shares of Plains All American Pipeline during the 4th quarter worth approximately $42,000. Fulcrum Asset Management LLP acquired a new position in shares of Plains All American Pipeline during the 3rd quarter worth approximately $50,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Plains All American Pipeline by 342.7% during the 4th quarter. Farther Finance Advisors LLC now owns 4,068 shares of the company’s stock worth $73,000 after acquiring an additional 3,149 shares during the last quarter. Institutional investors own 41.78% of the company’s stock.

Wall Street Analysts Forecast Growth Several equities research analysts have issued reports on PAA shares. Morgan Stanley raised their price target on Plains All American Pipeline from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, May 20th. The Goldman Sachs Group upgraded shares of Plains All American Pipeline from a “sell” rating to a “neutral” rating and upped their price objective for the company from $18.00 to $24.00 in a report on Wednesday, June 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Plains All American Pipeline in a research report on Wednesday. Scotiabank raised their target price on shares of Plains All American Pipeline from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Finally, UBS Group reaffirmed a “buy” rating on shares of Plains All American Pipeline in a report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Plains All American Pipeline presently has an average rating of “Hold” and an average price target of $23.08.

Get Our Latest Analysis on Plains All American Pipeline

Plains All American Pipeline Price Performance PAA stock opened at $23.87 on Monday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.94 and a quick ratio of 0.88. The stock has a market capitalization of $16.84 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 11.01 and a beta of 0.50. The business’s fifty day moving average price is $22.64 and its two-hundred day moving average price is $21.36. Plains All American Pipeline Lp has a fifty-two week low of $15.69 and a fifty-two week high of $24.26.

Plains All American Pipeline (NASDAQ:PAA – Get Free Report) last announced its earnings results on Friday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). Plains All American Pipeline had a net margin of 2.53% and a return on equity of 12.17%. The business had revenue of $12.47 billion during the quarter. During the same period in the previous year, the firm posted $0.39 earnings per share. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities analysts anticipate that Plains All American Pipeline Lp will post 1.55 earnings per share for the current year.

Plains All American Pipeline Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be paid a $0.4175 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.67 annualized dividend and a yield of 7.0%. Plains All American Pipeline’s payout ratio is 127.48%.

Plains All American Pipeline Company Profile (Free Report)

Plains All American Pipeline (NASDAQ: PAA) is a publicly traded energy infrastructure company that provides midstream services for crude oil and natural gas liquids (NGLs). The company’s core activities include gathering, transporting, storing and marketing hydrocarbons, using an integrated network of pipelines, storage terminals, rail and truck transloading facilities. Plains also offers logistics and marketing services that connect upstream producers with refiners, traders and export markets.

Plains owns and operates a portfolio of pipeline and terminal assets concentrated in major U.S.

Further Reading Five stocks we like better than Plains All American Pipeline Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks

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Posted by Defense World Staff on Jul 20th, 2026

Boston Common Asset Management LLC reduced its position in Ralph Lauren Corporation (NYSE:RL – Free Report) by 4.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 29,187 shares of the textile maker’s stock after selling 1,384 shares during the period. Boston Common Asset Management LLC’s holdings in Ralph Lauren were worth $10,040,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Orion Porfolio Solutions LLC increased its position in Ralph Lauren by 8,937.8% during the second quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after buying an additional 952,681 shares during the period. Invesco Ltd. lifted its stake in Ralph Lauren by 26.2% in the fourth quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock valued at $468,186,000 after buying an additional 275,263 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Ralph Lauren by 40.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker’s stock valued at $316,487,000 after acquiring an additional 255,511 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Ralph Lauren by 38.6% in the fourth quarter. AQR Capital Management LLC now owns 881,360 shares of the textile maker’s stock valued at $311,658,000 after acquiring an additional 245,242 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Ralph Lauren by 70.5% during the fourth quarter. First Trust Advisors LP now owns 586,225 shares of the textile maker’s stock worth $207,295,000 after acquiring an additional 242,386 shares during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Price Performance Ralph Lauren stock opened at $380.64 on Monday. Ralph Lauren Corporation has a 12 month low of $273.04 and a 12 month high of $421.60. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57. The business has a 50 day simple moving average of $379.56 and a 200-day simple moving average of $366.38. The stock has a market capitalization of $22.66 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 1.89 and a beta of 1.34.

Ralph Lauren (NYSE:RL – Get Free Report) last issued its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.28. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the company earned $2.27 earnings per share. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. Equities analysts predict that Ralph Lauren Corporation will post 18.33 earnings per share for the current year.

Ralph Lauren Increases Dividend The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were paid a $1.00 dividend. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.91. The ex-dividend date was Friday, June 26th. This represents a $4.00 annualized dividend and a dividend yield of 1.1%. Ralph Lauren’s dividend payout ratio (DPR) is 26.47%.

Analyst Upgrades and Downgrades A number of equities analysts have recently commented on the stock. Barclays lifted their target price on shares of Ralph Lauren from $430.00 to $439.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Weiss Ratings cut shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $437.00 price objective on shares of Ralph Lauren in a research report on Friday, May 22nd. Wells Fargo & Company lifted their price objective on shares of Ralph Lauren from $400.00 to $415.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. Finally, Bank of America upped their target price on shares of Ralph Lauren from $400.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $430.07.

View Our Latest Analysis on RL

Ralph Lauren Profile (Free Report)

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.

Featured Articles Five stocks we like better than Ralph Lauren Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks Want to see what other hedge funds are holding RL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ralph Lauren Corporation (NYSE:RL – Free Report).

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Posted by Defense World Staff on Jul 20th, 2026

Greenwood Gearhart LLC cut its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Free Report) by 1.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 198,296 shares of the transportation company’s stock after selling 3,543 shares during the period. J.B. Hunt Transport Services accounts for about 2.3% of Greenwood Gearhart LLC’s portfolio, making the stock its 17th largest holding. Greenwood Gearhart LLC owned approximately 0.21% of J.B. Hunt Transport Services worth $42,019,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in JBHT. CYBER HORNET ETFs LLC purchased a new stake in J.B. Hunt Transport Services in the second quarter valued at $31,000. International Assets Investment Management LLC purchased a new position in shares of J.B. Hunt Transport Services during the 4th quarter worth $32,000. MUFG Securities EMEA plc purchased a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth $34,000. Whittier Trust Co. increased its position in shares of J.B. Hunt Transport Services by 39.1% during the 4th quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock worth $37,000 after purchasing an additional 50 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in shares of J.B. Hunt Transport Services by 34.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after purchasing an additional 48 shares during the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In Several analysts recently issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of J.B. Hunt Transport Services from $225.00 to $261.00 and gave the company a “hold” rating in a report on Monday, July 13th. TD Cowen increased their target price on shares of J.B. Hunt Transport Services from $265.00 to $297.00 and gave the stock a “hold” rating in a research note on Thursday. Argus set a $285.00 price target on shares of J.B. Hunt Transport Services in a research report on Monday, April 20th. Benchmark boosted their price target on shares of J.B. Hunt Transport Services from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Finally, Stephens upped their price objective on shares of J.B. Hunt Transport Services from $360.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $286.30.

Get Our Latest Research Report on J.B. Hunt Transport Services

Key Headlines Impacting J.B. Hunt Transport Services Here are the key news stories impacting J.B. Hunt Transport Services this week:

Positive Sentiment: JBHT was added to Zacks’ “Strong Buy” momentum list, signaling improving technical and fundamental momentum. Best Momentum Stocks to Buy for July 17th Positive Sentiment: Analysts raised price targets after the earnings beat, including JPMorgan, Robert W. Baird, Barclays, Citigroup, and TD Cowen, reflecting confidence in the recovery and margin improvement. Positive Sentiment: Reports highlighted shrinking trucking capacity and a shift toward intermodal freight, which could support stronger pricing and volume trends for JBHT. J.B. Hunt Stock Could Reach $340 as Trucking Capacity Shrinks Positive Sentiment: JBHT was also featured on relative-strength and momentum screens, indicating that investors see it as one of the stronger names in a choppy market. 5 Top Stocks With Relative Price Strength to Buy Right Now Neutral Sentiment: One Zacks article cautioned that while earnings growth and estimate revisions support the rally, the stock’s premium valuation means investors should remain selective. Is JBHT Stock too Expensive or Still Attractive After Its Rally? Neutral Sentiment: Analysts’ consensus remains constructive, with coverage still centered around a “Moderate Buy” view. Insider Activity In related news, EVP Spencer Frazier sold 2,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $258.20, for a total value of $516,400.00. Following the completion of the transaction, the executive vice president owned 4,604 shares in the company, valued at $1,188,752.80. The trade was a 30.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bradley W. Hicks sold 7,644 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $261.91, for a total transaction of $2,002,040.04. Following the transaction, the insider owned 23,982 shares of the company’s stock, valued at $6,281,125.62. This trade represents a 24.17% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 18,119 shares of company stock valued at $4,736,095. 2.50% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Stock Performance NASDAQ:JBHT opened at $291.41 on Monday. J.B. Hunt Transport Services, Inc. has a 12-month low of $130.12 and a 12-month high of $299.76. The firm has a market cap of $27.48 billion, a PE ratio of 41.28, a price-to-earnings-growth ratio of 1.87 and a beta of 1.29. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. The stock has a fifty day moving average price of $274.31 and a 200 day moving average price of $238.54.

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last issued its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.20. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.J.B. Hunt Transport Services’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.31 EPS. Sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.6 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.6%. J.B. Hunt Transport Services’s payout ratio is currently 25.50%.

J.B. Hunt Transport Services Profile (Free Report)

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.

Further Reading Five stocks we like better than J.B. Hunt Transport Services Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks

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Posted by Defense World Staff on Jul 20th, 2026

Boston Common Asset Management LLC lifted its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) by 61.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 80,634 shares of the company’s stock after acquiring an additional 30,835 shares during the quarter. Boston Common Asset Management LLC owned approximately 0.09% of Sprouts Farmers Market worth $6,219,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Focus Partners Wealth acquired a new position in shares of Sprouts Farmers Market during the 1st quarter worth approximately $400,000. Baird Financial Group Inc. boosted its holdings in shares of Sprouts Farmers Market by 77.7% in the 2nd quarter. Baird Financial Group Inc. now owns 3,509 shares of the company’s stock valued at $578,000 after buying an additional 1,534 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Sprouts Farmers Market by 13.1% in the 2nd quarter. Cerity Partners LLC now owns 22,554 shares of the company’s stock valued at $3,713,000 after buying an additional 2,609 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Sprouts Farmers Market by 12.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 22,882 shares of the company’s stock valued at $3,767,000 after buying an additional 2,460 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Sprouts Farmers Market by 64.0% in the second quarter. NewEdge Advisors LLC now owns 11,513 shares of the company’s stock valued at $1,896,000 after buying an additional 4,492 shares in the last quarter.

Analyst Upgrades and Downgrades A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Sprouts Farmers Market from $77.00 to $78.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Melius Research cut shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $70.00 price target for the company. in a research note on Monday, April 6th. Royal Bank Of Canada reissued an “outperform” rating and issued a $114.00 price objective on shares of Sprouts Farmers Market in a research report on Monday, June 1st. Weiss Ratings restated a “hold (c)” rating on shares of Sprouts Farmers Market in a research note on Wednesday, June 24th. Finally, Evercore reaffirmed an “outperform” rating on shares of Sprouts Farmers Market in a report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Sprouts Farmers Market has an average rating of “Hold” and an average target price of $96.08.

Get Our Latest Research Report on SFM

Sprouts Farmers Market Stock Performance Shares of NASDAQ SFM opened at $75.78 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.42 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $7.13 billion, a P/E ratio of 14.57, a P/E/G ratio of 1.60 and a beta of 0.67. Sprouts Farmers Market, Inc. has a 12 month low of $64.75 and a 12 month high of $170.49. The stock has a 50 day moving average of $83.57 and a 200-day moving average of $78.12.

Sprouts Farmers Market (NASDAQ:SFM – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. Sprouts Farmers Market had a return on equity of 36.06% and a net margin of 5.70%.The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the prior year, the business earned $1.81 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. Sprouts Farmers Market has set its FY 2026 guidance at 5.320-5.480 EPS and its Q2 2026 guidance at 1.320-1.360 EPS. As a group, equities research analysts predict that Sprouts Farmers Market, Inc. will post 5.57 EPS for the current year.

Insider Buying and Selling at Sprouts Farmers Market In other news, insider Brandon F. Lombardi sold 406 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $82.04, for a total transaction of $33,308.24. Following the completion of the sale, the insider owned 6,801 shares in the company, valued at approximately $557,954.04. This trade represents a 5.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Nicholas Konat sold 12,538 shares of Sprouts Farmers Market stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $87.90, for a total transaction of $1,102,090.20. Following the sale, the chief operating officer directly owned 66,119 shares of the company’s stock, valued at $5,811,860.10. The trade was a 15.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 45,310 shares of company stock worth $3,873,881 over the last ninety days. Insiders own 1.30% of the company’s stock.

Sprouts Farmers Market Profile (Free Report)

Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.

Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.

See Also Five stocks we like better than Sprouts Farmers Market Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks

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Global retail sales growth (excluding foreign currency impact) of 3.0%

U.S. same store sales growth of 0.1%

 International same store sales decline (excluding foreign currency impact) of 0.1%

Global net store growth of 209 stores, including 26 net store openings in the U.S. and 183 net store openings internationally

Income from operations increased 3.1%; excluding the $1.1 million positive impact of foreign currency exchange rates on international franchise royalty revenues, income from operations increased 2.6%

, /PRNewswire/ -- Domino's Pizza, Inc. (Nasdaq: DPZ), the largest pizza company in the world, announced results for the second quarter of 2026.

"In the second quarter, Domino's drove meaningful order count growth," said Russell Weiner, Domino's Chief Executive Officer. "I believe order growth is the most important driver of long-term success in our business. In a quarter where the broader U.S. QSR industry continued to face pressure on consumer demand, Domino's generated order count growth across both our delivery and carryout businesses, bringing millions of new customers to our brand. These new customers strengthen our long-term growth flywheel by engaging with our loyalty program, while their orders power our supply chain business, fuel store growth, and drive market share. My conviction in Domino's long-term growth potential remains as strong as ever. Our scale and competitive position have never been stronger. Domino's is uniquely positioned to continue gaining market share and delivering long-term value for shareholders."

Second Quarter of 2026 Operational and Financial Highlights (Unaudited):

The tables below outline certain statistical measures utilized by the Company to analyze its performance, as well as key financial results. This historical data is not necessarily indicative of results to be expected for any future period. Refer to Comments on Regulation G below for additional details, including definitions of these statistical measures and certain reconciliations.

Second Quarter

Two Fiscal Quarters

2026

2025

2026

2025

Global retail sales: (in millions of U.S. dollars)

U.S. stores

$

2,381.1

$

2,335.6

$

4,683.7

$

4,576.3

International stores

2,468.9

2,334.2

4,906.0

4,557.7

Total

$

4,850.0

$

4,669.8

$

9,589.7

$

9,134.0

Second Quarter

Two Fiscal Quarters

2026

2025

2026

2025

Global retail sales growth:
   (versus prior year period, excluding foreign currency impact)  

U.S. stores

+ 1.9 %

+ 5.1 %

+ 2.3 %

+ 3.2 %

International stores

+ 4.1 %

+ 6.0 %

+ 4.0 %

+ 7.1 %

Total

+ 3.0 %

+ 5.6 %

+ 3.2 %

+ 5.1 %

Second Quarter

Two Fiscal Quarters

2026

2025

2026

2025

Same store sales growth:
   (versus prior year period)

U.S. Company-owned stores

+ 2.1 %

+ 2.6 %

+ 3.3 %

(0.2) %

U.S. franchise stores

0.0 %

+ 3.4 %

+ 0.4 %

+ 1.5 %

U.S. stores

+ 0.1 %

+ 3.4 %

+ 0.5 %

+ 1.4 %

International stores (excluding foreign currency impact)

(0.1) %

+ 2.4 %

(0.2) %

+ 3.0 %

U.S. Company-
owned Stores

U.S. Franchise
Stores

Total
U.S. Stores

International
Stores

Total

Second quarter of 2026 store counts:     

Store count at March 22, 2026

262

6,943

7,205

15,117

22,322

Openings

1

26

27

223

250

Closings

—

(1)

(1)

(40)

(41)

Transfers

(77)

77

—

—

—

Store count at June 14, 2026

186

7,045

7,231

15,300

22,531

Second quarter 2026 net store growth

1

25

26

183

209

Trailing four quarters net store growth

6

164

170

825

995

Second Quarter

Two Fiscal Quarters

(In millions, except percentages, percentage points, per
share data and leverage ratio)

2026

2025

Increase/
(Decrease)

2026

2025

Increase/
(Decrease)

Total revenues

$1,194.4

$1,145.1

+ 4.3 %

$2,345.0

$2,257.2

+ 3.9 %

Supply chain gross margin

12.0 %

11.8 %

+ 0.2 pp

12.1 %

11.7 %

+ 0.4 pp

Income from operations

$232.0

$225.0

+ 3.1 %

$462.4

$435.1

+ 6.3 %

Net income

$135.8

$131.1

+ 3.6 %

$275.6

$280.7

(1.8) %

Diluted earnings per share

$4.07

$3.81

+ 6.8 %

$8.21

$8.14

+ 0.9 %

Leverage ratio

4.3x

4.7x

(0.4)x

Net cash provided by operating activities

$352.6

$366.9

(3.9) %

Capital expenditures

(39.0)

(35.2)

+ 10.8 %

Free cash flow

$313.6

$331.7

(5.5) %

Revenues increased $49.3 million, or 4.3%, in the second quarter of 2026 as compared to the second quarter of 2025, primarily due to higher supply chain revenues and higher global franchise royalties and advertising revenues. The increase in supply chain revenues was primarily attributable to higher order volumes, as well as an increase in the Company's food basket pricing to stores, which increased 2.2% in the second quarter of 2026 as compared to the second quarter of 2025. The increases in U.S. franchise royalties and advertising revenues were primarily driven by an increase in the average number of U.S. franchise stores open during the period resulting from net store growth during the trailing four quarters. International franchise royalties increased primarily due to net store growth during the trailing four quarters, as well as the positive impact of foreign currency exchange rates on international franchise royalty revenues of $1.1 million. These increases in revenues were partially offset by lower U.S. Company-owned store revenues as a result of the refranchising of certain U.S. Company-owned store markets in the second quarters of 2026 and 2025. Supply chain gross margin increased 0.2 percentage points in the second quarter of 2026 as compared to the second quarter of 2025, primarily due to procurement productivity, partially offset by an increase in the cost of the Company's food basket. Income from operations increased $7.0 million, or 3.1%, in the second quarter of 2026 as compared to the second quarter of 2025. Excluding the positive impact of foreign currency exchange rates on international franchise royalty revenues of $1.1 million, income from operations increased $5.9 million, or 2.6%, primarily due to higher U.S. and international franchise royalties and fees and gross margin dollar growth within supply chain. These increases in income from operations were partially offset by higher general and administrative expenses primarily due to expenses related to the Company's Worldwide Rally, which takes place every two years, in the second quarter of 2026. Net income increased $4.7 million, or 3.6%, in the second quarter of 2026 as compared to the second quarter of 2025, primarily due to higher income from operations, and to a lesser extent, a favorable change of $3.6 million in the pre-tax unrealized and realized losses associated with the remeasurement of the Company's investment in DPC Dash Ltd ("DPC Dash"). Diluted EPS was $4.07 in the second quarter of 2026 as compared to $3.81 in the second quarter of 2025, representing a $0.26, or 6.8%, increase. The increase in diluted EPS was driven by higher net income, as well as a lower weighted average diluted share count resulting from the Company's share repurchases during the trailing four quarters. Net cash provided by operating activities was $352.6 million in the two fiscal quarters of 2026 as compared to $366.9 million in the two fiscal quarters of 2025. The Company spent $39.0 million on capital expenditures in the two fiscal quarters of 2026 as compared to $35.2 million in the two fiscal quarters of 2025, resulting in free cash flow of $313.6 million in the two fiscal quarters of 2026 as compared to $331.7 million in the two fiscal quarters of 2025. The decrease in free cash flow was a result of the negative impact of changes in operating assets and liabilities and the timing and amount of payments for advertising activities. These decreases were partially offset by the increase in income from operations (excluding the pre-tax realized gain on the sale of the Company's fully depreciated corporate aircraft in the first quarter of 2026). Quarterly Dividend

Subsequent to the end of the second quarter of 2026, on July 14, 2026, the Company's Board of Directors declared a $1.99 per share quarterly dividend on its outstanding common stock for shareholders of record as of September 15, 2026, to be paid on September 30, 2026.

Share Repurchases

During the second quarter of 2026, the Company repurchased and retired 443,917 shares of common stock for a total of $156.2 million. During the two fiscal quarters of 2026, the Company repurchased and retired 632,221 shares of common stock for a total of $231.3 million. As of June 14, 2026, the Company had a total remaining authorized amount for share repurchases of $1.23 billion.

Comments on Regulation G

In addition to the GAAP financial measures set forth in this press release, the Company has included non-GAAP financial measures within the meaning of Regulation G, including free cash flow, income from operations, excluding foreign currency impact and Consolidated Adjusted EBITDA. The Company has also included metrics such as global retail sales, global retail sales growth (excluding foreign currency impact), same store sales growth, net store growth, food basket pricing change, impact of changes in foreign currency exchange rates on international franchise royalty revenues and the leverage ratio, which are commonly used statistical measures in the quick-service restaurant industry that are important to understanding Company performance.

The Company uses "global retail sales," a statistical measure, to refer to total worldwide retail sales at Company-owned and franchised stores. The Company believes global retail sales information is useful in analyzing revenues because franchisees pay royalties and, in the U.S., advertising fees that are based on a percentage of franchise retail sales. The Company reviews comparable industry global retail sales information to assess business trends and to track the growth of the Domino's Pizza brand, and believes it is indicative of the financial health of the Company's franchisee base. In addition, supply chain revenues are directly impacted by changes in franchise retail sales in the U.S. and Canada. As a result, sales by Domino's franchisees have a direct effect on the Company's profitability. Retail sales for franchised stores are reported to the Company by its franchisees and are not included in Company revenues. "Global retail sales growth" is calculated as the change of U.S. Dollar global retail sales against the comparable period of the prior year. "Global retail sales growth, excluding foreign currency impact," is calculated as the change of international local currency global retail sales against the comparable period of the prior year. Changes in global retail sales growth, excluding foreign currency impact are primarily driven by same store sales growth and net store growth.

The Company uses "same store sales growth," a statistical measure, which is calculated for a given period by including only sales from stores that also had sales in the comparable weeks of both periods. International same store sales growth is calculated similarly to U.S. same store sales growth. Changes in international same store sales are reported on a constant dollar basis, which reflects changes in international local currency sales. Same store sales growth for transferred stores is reflected in their current classification.

The Company uses "net store growth," a statistical measure, which is calculated by netting gross store openings with gross store closures during the period. Transfers between Company-owned stores and franchised stores are excluded from the calculation of net store growth.

The Company uses "food basket pricing change," a statistical measure, which is calculated as the percentage change of the food basket (including both food and cardboard products) purchased by an average U.S. store (based on average weekly unit sales) from U.S. supply chain centers against the comparable period of the prior year. The Company believes that the food basket pricing change is important to understanding Company performance because as food basket prices fluctuate, revenues, cost of sales and gross margin percentages in the Company's supply chain segment also fluctuate. Additionally, cost of sales, gross margins and gross margin percentages for the Company's U.S. Company-owned stores also fluctuate.

The Company uses "free cash flow," which is calculated as net cash provided by operating activities, less capital expenditures, both as reported under GAAP. The most directly comparable financial measure calculated and presented in accordance with GAAP is net cash provided by operating activities. The Company believes that the free cash flow measure is important to investors and other interested persons, and that such persons benefit from having a measure that communicates how much cash flow is available for working capital needs or repurchasing debt, making acquisitions, repurchasing common stock or paying dividends.

The Company uses "income from operations, excluding foreign currency impact," which is calculated as income from operations as reported under GAAP, less the "impact of changes in foreign currency exchange rates on international franchise royalty revenues," a statistical measure. The most directly comparable financial measure calculated and presented in accordance with GAAP is income from operations. The impact of changes in foreign currency exchange rates on international franchise royalty revenues is calculated as the difference in international franchise royalty revenues resulting from translating current period local currency results to U.S. dollars at current period exchange rates as compared to prior period exchange rates. The Company believes that the impact of changes in foreign currency exchange rates on international franchise royalty revenues is important to understanding Company performance given the significant variability in international franchise royalty revenues that can be driven by changes in foreign currency exchanges rates. International franchise royalty revenues do not have a cost of sales component, so changes in these revenues have a direct impact on income from operations.

The Company uses "Consolidated Adjusted EBITDA," which is calculated as income from operations as reported under GAAP, excluding depreciation and amortization, non-cash equity-based compensation expense, gains and losses from the sale and disposal of assets and refranchising gains and losses, each as reported under GAAP. Consolidated Adjusted EBITDA is defined in the base indenture governing the Company's securitized debt and is used by the Company and investors to calculate the leverage ratio (defined below), and other ratios defined in the indenture governing the Company's securitized debt. As such, Consolidated Adjusted EBITDA is important to investors and other interested persons to understand the financial performance of the Company, and to assess the ability of the Company to meet its financial obligations.

The Company uses the "leverage ratio1," which is calculated as the Company's securitized debt related to its fixed-rate notes and borrowings under its variable funding notes, divided by Consolidated Adjusted EBITDA on a trailing four quarters basis. The Company has historically operated with a leverage ratio between four and six times. The Company reviews its leverage ratio on at least a quarterly basis and believes its leverage ratio is important to investors and other interested persons to understand the capital structure of the Company, and to assess the ability of the Company to meet its financial obligations.

The reconciliation of the leverage ratio for the second quarters of 2026 and 2025 is as follows below.

June 14,
2026

June 15,
2025

2015 Ten-Year Notes

$

—

$

742,000

2017 Ten-Year Notes

940,000

940,000

2018 7.5-Year Notes

—

402,688

2018 9.25-Year Notes

379,000

379,000

2019 Ten-Year Notes

648,000

648,000

2021 7.5-Year Notes

826,625

826,625

2021 Ten-Year Notes

972,500

972,500

2025 Five-Year Notes

500,000

—

2025 Seven-Year Notes

500,000

—

Total fixed-rate notes

$

4,766,125

$

4,910,813

Income from operations - second quarter of 2026 and 2025

$

232,039

$

225,044

Income from operations - first quarter of 2026 and 2025

230,357

210,095

Income from operations - fourth quarter of 2025 and 2024

295,667

273,652

Income from operations - third quarter of 2025 and 2024

223,168

198,831

Income from operations - trailing four quarters

$

981,231

$

907,622

Depreciation and amortization - trailing four quarters

$

88,895

$

88,227

Non-cash equity-based compensation expense - trailing four quarters     

44,431

42,587

Refranchising gain - trailing four quarters

(4,231)

(3,883)

Gain on sale of assets - trailing four quarters

(7,780)

—

Loss on disposal of assets - trailing four quarters

1,739

1,812

Reconciliation of income from operations to
Consolidated Adjusted EBITDA - trailing four quarters

$

123,054

$

128,743

Consolidated Adjusted EBITDA - trailing four quarters

$

1,104,285

$

1,036,365

Leverage ratio

4.3

x

4.7

x

(1)

The Company also calculates and reviews its Senior Leverage Ratio and Holdco Leverage Ratio as defined in the indenture governing the Company's securitized debt.

Conference Call Information

The Company will file its Quarterly Report on Form 10-Q today. As previously announced, Domino's Pizza, Inc. will hold a conference call today at 8:30 a.m. (Eastern) to review its second quarter 2026 financial results. The webcast is available at ir.dominos.com and will be archived for one year.

About Domino's Pizza®

Founded in 1960, Domino's Pizza is the largest pizza company in the world, with a significant business in both delivery and carryout. It ranks among the world's top public restaurant brands with a global enterprise of more than 22,500 stores in over 90 markets. Domino's had global retail sales of over $20.6 billion in the trailing four quarters ended June 14, 2026. Its system is comprised of independent franchise owners who accounted for 99% of Domino's stores as of the end of the second quarter of 2026. In the U.S., Domino's generated more than 85% of U.S. retail sales in 2025 via digital channels and has developed many innovative ordering platforms.

Order – dominos.com
Company Info – biz.dominos.com
Media Assets – media.dominos.com

Please visit our Investor Relations website at ir.dominos.com to view news, announcements, earnings releases, investor presentations and conference webcasts.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995:

This press release contains various forward-looking statements about the Company within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") that are based on current management expectations that involve substantial risks and uncertainties that could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements. The following cautionary statements are being made pursuant to the provisions of the Act and with the intention of obtaining the benefits of the "safe harbor" provisions of the Act. You can identify forward-looking statements by the use of words such as "anticipates," "believes," "could," "should," "estimates," "expects," "intends," "may," "will," "plans," "predicts," "projects," "seeks," "approximately," "potential," "outlook" and similar terms and phrases that concern our strategy, plans or intentions, including references to assumptions. These forward-looking statements address various matters including information concerning future results of operations and business strategy, our anticipated profitability, estimates in same store sales growth, store growth and the growth of our U.S. and international business in general, our ability to service our indebtedness, our future cash flows, our operating performance, trends in our business and other descriptions of future events that reflect the Company's expectations based upon currently available information and data. While we believe these expectations and projections are based on reasonable assumptions, such forward-looking statements are inherently subject to risks, uncertainties and assumptions. Important factors that could cause actual results to differ materially from our expectations are more fully described in our filings with the Securities and Exchange Commission, including under the section headed "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended December 28, 2025. Actual results may differ materially from those expressed or implied in the forward-looking statements as a result of various factors, including but not limited to: our substantial indebtedness and our ability to incur additional indebtedness or refinance or renegotiate key terms of that indebtedness in the future; the impact a downgrade in our credit rating may have on our business, financial condition and results of operations; our future financial performance and our ability to pay principal and interest on our indebtedness; the strength of our brand, including our ability to compete in the U.S. and internationally in our intensely competitive industry, including the food service and food delivery markets; our ability to successfully implement our growth strategy, including through our participation in the third-party order aggregation marketplace; labor shortages or changes in operating expenses resulting from increases in prices of food (particularly cheese), fuel and other commodity costs, labor, utilities, insurance, employee benefits and other operating costs or negative economic conditions; the effectiveness of our advertising, operations and promotional initiatives; shortages, interruptions or disruptions in the supply or delivery of fresh food products and store equipment; the additional risks our international operations subject us to, which may differ in each country in which we and our franchisees do business; the dependence of our earnings and business growth strategy on the success of our franchisees; our ability and that of our franchisees to successfully operate in the current and future credit environment; the impact of social media, the rise of artificial intelligence–generated content, or a boycott on our business, brand and reputation; the impact of new or improved technologies, including artificial intelligence, and alternative methods of delivery on consumer behavior; new product, digital ordering and concept developments by us, and other food-industry competitors; our ability to maintain good relationships with and attract new franchisees, and franchisees' ability to successfully manage their operations without negatively impacting our royalty payments and fees or our brand's reputation; our ability to successfully implement cost-saving strategies; changes in the level of consumer spending given general economic conditions, including interest rates, energy prices and consumer confidence or negative economic conditions in general; our ability and that of our franchisees to open new restaurants and keep existing restaurants in operation and maintain demand for new stores; the impact that widespread illness, health epidemics or general health concerns, severe weather conditions and natural disasters may have on our business and the economies of the countries where we operate; changes in foreign currency exchange rates; changes in income tax rates; our ability to retain or replace our executive officers and other key members of management and our ability to adequately staff our stores and supply chain centers with qualified personnel; our ability to find and/or retain suitable real estate for our stores and supply chain centers; changes in government legislation or regulation, including changes in laws and regulations regarding information privacy, payment methods, advertising and consumer protection and social media; adverse legal judgments or settlements; food-borne illness or contamination of products or food tampering or other events that may impact our reputation; data breaches, power loss, technological failures, user error or other cyber risks threatening us or our franchisees; the impact that environmental, social and governance matters may have on our business and reputation; the effect of war, terrorism, catastrophic events, geopolitical or reputational considerations or climate change; our ability to pay dividends and repurchase shares; changes in consumer tastes, spending and traffic patterns and demographic trends; changes in accounting policies; and adequacy of our insurance coverage. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur. All forward-looking statements speak only as of the date of this press release and should be evaluated with an understanding of their inherent uncertainty. Except as required under federal securities laws and the rules and regulations of the Securities and Exchange Commission, or other applicable law, we will not undertake, and specifically disclaim, any obligation to publicly update or revise any forward-looking statements to reflect events or circumstances arising after the date of this press release, whether as a result of new information, future events or otherwise. You are cautioned not to place undue reliance on the forward-looking statements included in this press release or that may be made elsewhere from time to time by, or on behalf of, us. All forward-looking statements attributable to us are expressly qualified by these cautionary statements.

TABLES TO FOLLOW

Domino's Pizza, Inc. and Subsidiaries

Condensed Consolidated Statements of Income

(Unaudited)

Fiscal Quarter Ended

June 14,
2026

% of
Total
Revenues

June 15,
2025

% of
Total
Revenues

(In thousands, except share and per share data)     

Revenues:

U.S. Company-owned stores

$

81,829

$

92,456

U.S. franchise royalties and fees

164,165

156,261

Supply chain

731,708

687,062

International franchise royalties and fees

81,822

77,164

U.S. franchise advertising

134,903

132,201

Total revenues

1,194,427

100.0

%

1,145,144

100.0

%

Cost of sales:

U.S. Company-owned stores

72,517

78,073

Supply chain

643,682

606,101

Total cost of sales

716,199

60.0

%

684,174

59.7

%

Gross margin

478,228

40.0

%

460,970

40.3

%

General and administrative

115,373

9.7

%

107,608

9.4

%

U.S. franchise advertising

134,903

11.3

%

132,201

11.5

%

Refranchising gain

(4,087)

(0.4)

%

(3,883)

(0.3)

%

Income from operations

232,039

19.4

%

225,044

19.7

%

Other expense

(12,366)

(1.0)

%

(15,974)

(1.4)

%

Interest expense, net

(44,444)

(3.7)

%

(40,819)

(3.6)

%

Income before provision for income taxes

175,229

14.7

%

168,251

14.7

%

Provision for income taxes

39,479

3.3

%

37,160

3.3

%

Net income

$

135,750

11.4

%

$

131,091

11.4

%

Earnings per share:

Common stock – diluted

$

4.07

$

3.81

Weighted average diluted shares

33,318,244

34,401,016

Domino's Pizza, Inc. and Subsidiaries

Condensed Consolidated Statements of Income

(Unaudited)

Two Fiscal Quarters Ended

June 14,
2026

% of
Total
Revenues

June 15,
2025

% of
Total
Revenues

(In thousands, except share and per share data)

Revenues:

U.S. Company-owned stores

$

163,927

$

184,054

U.S. franchise royalties and fees

322,179

307,261

Supply chain

1,430,681

1,356,986

International franchise royalties and fees

162,802

152,723

U.S. franchise advertising

265,432

256,176

Total revenues

2,345,021

100.0

%

2,257,200

100.0

%

Cost of sales:

U.S. Company-owned stores

144,563

154,984

Supply chain

1,257,718

1,198,099

Total cost of sales

1,402,281

59.8

%

1,353,083

59.9

%

Gross margin

942,740

40.2

%

904,117

40.1

%

General and administrative

226,779

9.7

%

216,685

9.6

%

U.S. franchise advertising

265,432

11.3

%

256,176

11.4

%

Refranchising gain

(4,087)

(0.2)

%

(3,883)

(0.2)

%

Gain on sale of assets

(7,780)

(0.3)

%

—

—

Income from operations

462,396

19.7

%

435,139

19.3

%

Other (expense) income

(18,356)

(0.8)

%

8,053

0.4

%

Interest expense, net

(88,169)

(3.7)

%

(82,459)

(3.7)

%

Income before provision for income taxes

355,871

15.2

%

360,733

16.0

%

Provision for income taxes

80,310

3.4

%

79,991

3.6

%

Net income

$

275,561

11.8

%

$

280,742

12.4

%

Earnings per share:

Common stock – diluted

$

8.21

$

8.14

Weighted average diluted shares

33,566,494

34,477,191

Domino's Pizza, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(Unaudited)

June 14,
2026

December 28,
2025

(In thousands)

Assets

Current assets:

Cash and cash equivalents

$

164,836

$

125,675

Restricted cash and cash equivalents     

187,885

216,110

Accounts receivable, net

303,182

315,958

Inventories

75,057

79,189

Prepaid expenses and other

55,049

39,767

Advertising fund assets, restricted

119,410

117,502

Total current assets

905,419

894,201

Property, plant and equipment, net

374,446

324,022

Operating lease right-of-use assets

227,793

219,485

Investment in DPC Dash

17,714

36,070

Other assets

237,950

242,681

Total assets

$

1,763,322

$

1,716,459

Liabilities and stockholders' deficit

Current liabilities:

Current portion of long-term debt

$

7,423

$

6,131

Accounts payable

137,429

135,029

Operating lease liabilities

45,964

47,553

Advertising fund liabilities

117,830

115,412

Other accrued liabilities

280,024

237,496

Total current liabilities

588,670

541,621

Long-term liabilities:

Long-term debt, less current portion

4,876,221

4,810,683

Operating lease liabilities

193,245

183,917

Other accrued liabilities

87,617

81,380

Total long-term liabilities

5,157,083

5,075,980

Total stockholders' deficit

(3,982,431)

(3,901,142)

Total liabilities and stockholders' deficit

$

1,763,322

$

1,716,459

Domino's Pizza, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(Unaudited)

Two Fiscal Quarters Ended

June 14,
2026

June 15,
2025

(In thousands)

Cash flows from operating activities:

Net income

$

275,561

$

280,742

Adjustments to reconcile net income to net cash provided by operating activities:     

Depreciation and amortization

40,781

40,713

Refranchising gain

(4,087)

(3,883)

Gain on sale of assets

(7,780)

—

Loss on disposal of assets

496

612

Amortization of debt issuance costs

2,970

2,419

Provision (benefit) for deferred income taxes

5,150

(2,700)

Non-cash equity-based compensation expense

21,146

21,356

Excess tax benefits from equity-based compensation

(625)

(2,343)

Provision (benefit) for losses on accounts and notes receivable

38

(4)

Unrealized and realized loss (gain) on investments, net

18,356

(8,053)

Changes in operating assets and liabilities

(1,197)

19,663

Changes in advertising fund assets and liabilities, restricted

1,794

18,338

Net cash provided by operating activities

352,603

366,860

Cash flows from investing activities:

Capital expenditures

(39,008)

(35,231)

Proceeds from sale of assets

15,184

8,458

Sale of investments

—

44,085

Other

(826)

(2,517)

Net cash (used in) provided by investing activities

(24,650)

14,795

Cash flows from financing activities:

Repayments of long-term debt and finance lease obligations

(1,575)

(1,861)

Proceeds from exercise of stock options

2,978

12,319

Purchases of common stock

(234,616)

(203,041)

Tax payments for restricted stock upon vesting

(12,863)

(8,472)

Payments of common stock dividends and equivalents

(68,242)

(60,257)

Net cash used in financing activities

(314,318)

(261,312)

Effect of exchange rate changes on cash

(820)

1,848

Change in cash and cash equivalents, restricted cash and cash equivalents

12,815

122,191

Cash and cash equivalents, beginning of period

125,675

186,126

Restricted cash and cash equivalents, beginning of period

216,110

195,370

Cash and cash equivalents included in advertising fund assets, restricted,
   beginning of period

92,200

80,928

Cash and cash equivalents, restricted cash and cash equivalents and
   cash and cash equivalents included in advertising fund assets, restricted,
   beginning of period

433,985

462,424

Cash and cash equivalents, end of period

164,836

272,859

Restricted cash and cash equivalents, end of period

187,885

211,734

Cash and cash equivalents included in advertising fund assets, restricted,
   end of period

94,079

100,022

Cash and cash equivalents, restricted cash and cash equivalents and cash and
   cash equivalents included in advertising fund assets, restricted, end of period

$

446,800

$

584,615

SOURCE Domino's Pizza, Inc.

The company posted a profit of $135.8 million, or $4.07 a share, compared with $131.1 million, or $3.81 a share, a year earlier.

SINGAPORE, July 20, 2026 /PRNewswire/ -- YY Group Holding Limited (NASDAQ: YYGH) ("YY Group" or the "Company"), a Singapore-based company providing manpower services and integrated facility management ("IFM") services, today announced the appointment of Ng Yansheng as the Managing Director of YY Circle (SG) Pte. Ltd. ("YY Circle Singapore"), a wholly owned subsidiary of YY Group.