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Latest Financial News
Fed’s Barr Says Further Rate Adjustments Likely as Inflation Risks Rise
Michael Barr said additional policy tightening is likely to be needed after the Fed’s September rate increase, as inflation risks have risen while labor-market risks have receded.
Cintas Raises FY2027 Outlook After Q1 Revenue Jumps 10.9%
Cintas raised its full-year revenue and adjusted EPS ranges after first-quarter gross margin reached 51.5% and adjusted diluted EPS increased 15.8%.
Paychex Q1 Revenue Rises 6% as Net Income Climbs 12%
Paychex posted higher fiscal first-quarter revenue and profit and raised parts of its fiscal 2027 outlook, including its growth forecast for PEO and Insurance Solutions.
General Mills Reaffirms FY2027 Outlook as Q1 Organic Sales Stay Flat
Reported sales fell 3% to $4.39 billion as the U.S. yogurt divestiture reduced revenue, while adjusted operating profit declined 11% in constant currency.
Forward Industries Announces $25 Million Direct Offering to Buy More Solana
The registered direct offering will sell 3.125 million shares at $8 each, with Forward saying net proceeds will fund additional SOL purchases.
Cracker Barrel Ends Fiscal 2026 With Lower Sales, Sets 2027 Outlook
Cracker Barrel expects fiscal 2027 revenue of $3.325 billion to $3.4 billion and adjusted EBITDA of $180 million to $200 million after fiscal 2026 revenue fell 5%.
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