Latest news with #Tennessee-based
Yahoo
2 days ago
- Business
- Yahoo
Analyst Says Dollar General Is Winning Tariff War — Should You Invest?
Many retail stocks have been battered this year because of worries over how President Donald Trump's tariff plans will impact the sector. But there have been some exceptions — including Dollar General, which has bucked the trend by producing strong financials and a surging stock price so far in 2025. I'm a Self-Made Millionaire: Consider This: If you're thinking about investing in the Tennessee-based discount chain, read on to learn if this is a good time. One analyst who's bullish on Dollar General is BMO Capital Markets' Kelly Bania. Earlier this month, she raised her price target to $115 from $90 while maintaining a 'market perform' rating on the stock. That move came after Dollar General beat quarterly estimates for both revenue and earnings, and raised its sales and profit forecasts for the year. Why has Dollar General outperformed expectations when so many other retailers have struggled to find their footing? 'They are just executing better,' Bania said in comments reported by ModernRetail. 'When you go into stores, the in-store experience is better.' Explore More: Dollar General's better execution is reflected in its financial results. It logged fiscal first-quarter earnings of $1.78 a share, up from $1.65 the previous year and well ahead of analyst views for $1.48, CNBC reported. Revenue gained 5.3% to $10.44 billion, topping estimates for $10.31 billion. Same-store sales rose 2.4%. Following its earnings report, Dollar General raised its outlook for earnings, net sales growth and same-store sales growth. Meanwhile, its stock price was up by about 49% year-to-date through June 17, 2025, closing the day at $113.32 per share. That far outpaces the performances of both the S&P 500 (up 1.7%) and the Dow (down 0.77%). As CNBC noted, Dollar General's outlook stands in stark contrast to retailers like Best Buy, Macy's and Abercrombie & Fitch, which have cut their profit outlooks due to tariffs. Even Walmart has said it will raise prices due to tariffs, despite pushback from Trump. One of Dollar General's strategies has been to reduce its exposure to China so it can limit its price hikes, CEO Todd Vasos said in a Q1 conference call. 'While the tariff landscape remains dynamic and uncertain, we expect tariffs to result in some price increases as a last resort, though we intend to work to minimize them as much as possible,' Vanos said. How does Dollar General compare with other discount retailers? Here's a look at how other stocks have performed during the first half of 2025: : up 31.2% through June 17 : up 18% : up 4.3% : down 29.7% As these performances show that fellow deep-discount chains Dollar Tree and Five Below have also produced decent stock gains in a challenging environment — but Dollar General's increase is nearly twice as much as the next-closest rival. As for whether you should invest in Dollar General, most Wall Street analysts expect its stock price to keep inching higher, but only by a little. As of June 17, the average recommendation of 33 analysts cited by MarketWatch was 'overweight.' The average price target was $113.50 per share, which represented a premium of about 3% over its June 17 closing price. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard Mark Cuban Says Trump's Executive Order To Lower Medication Costs Has a 'Real Shot' -- Here's Why Here's the Minimum Salary Required To Be Considered Upper Class in 2025 This article originally appeared on Analyst Says Dollar General Is Winning Tariff War — Should You Invest? Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
Boston Globe
6 days ago
- Entertainment
- Boston Globe
Free summer fun: Juneteenth celebrations, a new audiobook walking club, and more
REVISIT REVOLUTION This year marks both the 250th anniversary of the Battle of Bunker Hill and the 200th anniversary of the laying of the Bunker Hill Monument. To mark the milestones, the Bunker Hill Monument Association will recreate the setting of the monument's Charlestown cornerstone, as it was first performed on June 17, 1825. Prior to the organization's evening grand ball, a free gala hour featuring live music and toasts will be open to the public at the Old South Meeting House downtown. June 16, 9:30 a.m., Charlestown Navy Yard, 1st Ave. & 3rd St., Charlestown. Gala hour event, 6 p.m., Old South Meeting House, 310 Washington St. RIVERFRONT CINEMA Coolidge Corner Theatre's outdoor screenings have returned with movie nights popping up at the Charles River Speedway, the Rose Kennedy Greenway, and other notable Boston green spaces. This week, the 1997 teen comedy 'Good Burger,' starring Kel Mitchell and Kenan Thompson, is ready to June 18, 8 p.m. 525 Western Ave., Brighton. For a full screenings list and locations, visit Advertisement Oak Long Bar + Kitchen will host a complimentary whiskey tasting in its dining room on Juneteenth. PAH Creative Advertisement TASTING HISTOR Y If you're able to discern notes of vanilla and spice in your whiskey — or if you just enjoy a dizzying glass of the amber drink — you may gain a new appreciation for the history and artistry of the grain liquor at this Juneteenth event. The Fairmont Copley Plaza's Oak Long Bar + Kitchen will host a whiskey tasting in collaboration with Tennessee-based Uncle Nearest Premium Whiskey. In addition to sniffing and sipping samples, participants will learn the legacy of the brand's namesake, Nathan 'Nearest' Green, the first African American master distiller, who June 19, 5 p.m.-7 p.m. 21+. 138 St. James Ave. Still from "Paint Me a Road Out of Here" (2024), by Catherine Gund. Museum of Fine Arts, Boston HONORING BLACK STORIES This Thursday, in honor of Juneteenth, multiple cultural institutions will present special events to remember and celebrate the turning point in American history. At the Museum of Fine Arts, Boston, locals can get free admission to the galleries and a full day of special programming that aims to elevate Black artistry, history, and resilience. As the sun sets, the museum will host a free Q&A and screening of 'Paint Me a Road Out of Here' with director Catherine Gund. The film details the whitewashed journey of the 1971 painting 'For the Women's House,' a piece dedicated to incarcerated women at Rikers Island. June 19. 465 Huntington Ave. Advertisement SOLSTICE SOIREE Harvard's Museums of Science & Culture will host a celebratory Summer Solstice party, featuring circus performances, lawn games, and flower crown crafting, culminating with a sunset countdown for the longest day of the year. Galleries and exhibits at the museums — including the Harvard Museum of Natural History and the Peabody Museum of Archaeology and Ethnology — will be open for attendees to roam, learn, and explore a cultural (and air-conditioned) escape. June 20, 5 p.m.-9 p.m. 11 Divinity Ave., Cambridge. WORTH THE DRIVE Though the kiddos are out of school, there's no time like the present to keep developing active and curious minds. Discovery Museum — the burb-based museum dedicated to the learning development of young children — is opening their doors to the community every Friday, starting this week. Families can explore a variety of indoor and outdoor exhibits, and learn everything from the properties of water to using a cash register. June 20-Aug. 29, 4:30 p.m.-8 p.m. 177 Main St., Acton. PAGES & PAVEMENT If you have an audiobook collecting dust in your downloads, a nudge from your local spoken word enthusiasts may be what you need to finally hear that happily ever after. Side Quest Books & Games, a genre bookstore in Bow Market, is jump-starting an Audiobook Walking Club this Sunday. The weekly walk starts at Side Quest, where attendees can lace up their sneakers and put on their headphones before the hourlong stroll. The journey ends where it began, and participants are welcome to hang out for a caffeine fix and a chat about their tale on tape, or continue binge-listening all the way home. Sundays starting June 22, 9:30 a.m. 1 Bow Market Way, Suite 32, Somerville. Advertisement Tacos from Loco Taqueria are half-price to celebrate Taco Tuesday every week. Diane Bair Deals & steals SHELL YEAH At Loco Taqueria's Fenway and Southie locations, tacos are half-price all day on Tuesdays. Customers can choose between the likes of classic carne asada or crispy coconut shrimp, served on 6-inch corn tortillas — or they can get one of both, because, hey, it's Tuesday. 11 a.m.-1 a.m. 412 W. Broadway, South Boston. 61 Brookline Ave. Send info on free events and special offers at least 10 days in advance to . Marianna Orozco can be reached at
Yahoo
13-06-2025
- Business
- Yahoo
US trucker Forward Air attracts takeover interest from buyout firms, sources say
By Svea Herbst-Bayliss and Abigail Summerville NEW YORK (Reuters) -Private equity firms including Blackstone and Apollo Global Management have expressed interest in acquiring U.S. trucker Forward Air, people familiar with the matter said. They signed confidentiality agreements with the company, allowing them to review documents and receive other information to shape a potential bid. Platinum Equity and Clearlake Capital are also able to review material after having signed agreements, the sources said. Initial takeover bids are due to be submitted during the first week of July, added the sources, who noted there was no guarantee the quartet of buyout firms would submit offers. There is also a possibility other suitors may emerge. The sources spoke on condition of anonymity to discuss private deliberations. The company declined to comment, as did Blackstone and Apollo. Platinum and Clearlake were not immediately available for comment. Forward Air, which specializes in moving hauls which do not take up a full truckload, said earlier this week it is committed to advancing its strategic alternatives review, which was announced in January and could include a sale of the company. Shares in the Greeneville, Tennessee-based company have tumbled from $121 in late 2021 to roughly $20 now, shrinking its market valuation to roughly $610 million. But on a fully diluted basis, including net debt, analysts said the company's enterprise value is closer to $2.5 billion. Private equity investors may be interested in Forward Air because they see a path to growth for the company which is already the dominant player in a niche area of the transportation market, but fell on tough times after an unpopular acquisition in 2024. The company bought freight forwarder Omni Logistics in a deal that was not voted on by shareholders, added debt and created operational disruptions, the analysts added. Not long after the deal was finalized in early 2024, several investors began pressuring the company to review its business, which resulted in the company's January 2025 announcement. Frustrated by little visible movement on the review, activist investor Ancora Holdings, which owns 4% of the company, in May mounted a campaign to remove three long-serving directors that it blamed for signing off on the Omni deal and stalling the sales process. The withhold campaign was a success and the trio resigned this week after the company's annual meeting.
Yahoo
12-06-2025
- Entertainment
- Yahoo
Mayfield Dairy Farms to give away scoops of Moose Tracks June 12: Here's how to get one
Moove over ice cream competitors, Athens, Tennessee-based Mayfield Dairy Farms is giving away it's Moose Tracks ice cream in Nashville for a limited time on June 12. The free ice cream is part of the Moose Tracks 10,000 scoop challenge, and it's happening as temperatures reach the mid to upper 80s in Music City. The free scoops will be handed out from 11 a.m. to 3 p.m. at the Downtown Walk of Fame Park, 121 4th Ave. South. Every scoop of the creamy desert that's given away will result in a $1 donation to Second Harvest Food Bank of Middle Tennessee, organizers announced. Mayfield's Moose Tracks is a vanilla ice cream with peanut butter cups and fudge swirls. Mayfield Dairy Farm, about 188 miles east of Nashville, opened in 1910. This article originally appeared on Nashville Tennessean: Mayfield Dairy Farms plans ice cream giveaway in Nashville: How to go
Yahoo
12-06-2025
- Business
- Yahoo
Forward Air chairman, 2 directors leave after shareholder vote
Forward Air announced Thursday that Chairman George Mayes has resigned following the company's annual shareholder meeting. Per the less-than-truckload carrier's corporate governance guidelines, board members not receiving at least 50.1% of shareholder support are required to step down. Directors Javier Polit and Laurie Tucker did receive the majority vote required to remain on the board but voluntarily resigned, 'in order to permit the Board and management to continue focusing on the Company's operations, transformation plan and comprehensive strategic alternatives review,' a news release stated. Activist investor Ancora Holdings Group had targeted for removal the three directors in the weeks leading up to the company's annual meeting held on Wednesday. Ancora called the three 'unfit legacy directors' and blamed them for overseeing the company's 'disastrous acquisition of Omni Logistics.' Ancora also accused the group of 'slow-walking' a strategic review, which could culminate in the sale of Forward to private equity. The Omni acquisition was structured through a series of transactions that circumvented a vote from shareholders. The transaction placed a large debt burden on Forward (5.3 times net leverage at the end of the first quarter) and gave Omni's private equity backers control over a 38% voting bloc that is required to vote for board-nominated pressure from shareholders, Forward announced in January that it would execute a strategic review of all options. Shares of Greeneville, Tennessee-based FWRD (NASDAQ: FWRD) are off roughly 80% since the merger was announced in August 2023. The business combination, which was expected to reap the synergies and economics of integrating a freight forwarder with an expedited capacity provider, has yet to live up to initial projections. 'George, Javier and Laurie have been dedicated directors, offering critical leadership, insight and experience over their respective tenures and we thank them for their service,' a statement from the board read. 'Looking ahead, we are committed to advancing the Company's strategic alternatives review – which is well underway – and continued global transformation in order to improve operating results and maximize shareholder value. We will continue to work closely with the management team to realize the Company's full intrinsic value.'Forward's board now includes just eight directors, all of whom have been appointed since the Omni deal was announced. Jerome Lorrain will serve as executive chairman with Paul Svindland being appointed lead independent director. Lorrain is also a director at supply chain tech company Log-Hub and the executive chairman of routing solutions provider FluentCargo. He previously served as the chief operating officer at CEVA Logistics. Svindland is currently the chairman of STG Logistics. Forward also announced on Thursday that shareholders approved a reincorporation to Delaware. The company had called on shareholders to approve the move given Delaware's favorable corporate governance framework, which may make it easier to sell. 'This vote is a clear mandate that shareholders expect Forward Air to expeditiously complete a credible strategic review that leads to a sale at a meaningful premium,' a Thursday statement from Ancora read. 'Absent the more than 30% of shares that were legally committed to vote for the incumbent Board, Chairman George Mayes, Jr., Javier Polit, and Laurie Tucker lost in a landslide, highlighting the substantial level of concern regarding the legitimacy of the Board's strategic review. We believe the resignations of these legacy directors will empower the Board to carry out a thorough assessment of value-maximizing opportunities.' Shares of FWRD were up 6.4% in early trading on FreightWaves articles by Todd Maiden: Intermodal carriers getting 'a bit more optimistic' Dynamic pricing, easy comps end 22-month tonnage downturn at ArcBest Saia's tonnage turns negative after 22-month run The post Forward Air chairman, 2 directors leave after shareholder vote appeared first on FreightWaves.
