Brilliant Acquisition Corp
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*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements


Based in China
Company profile

Brilliant Acquisition Corp is a China-based blank check company formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, or engaging in any other similar business combination with one or more businesses or entities. The Company is not limited to a particular industry or geographic region for purposes of consummating an initial business combination, and intends to focus on businesses that have their primary operations located in the Asia-pacific region.

Closing Price
$10.90
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
--
Volume
(Heavy Day)
Volume:
100

10-day average volume:
100
100

Dollar Tree stock drops after earnings beat expectations, but full-year outlook was downbeat on margin pressure

7:49 am ET November 22, 2022 (MarketWatch)
Print

Shares of Dollar Tree Inc. dropped 3.2% in premarket trading Tuesday, after the discount retailer reported fiscal third-quarter earnings that rose above expectations, but said full-year profit would be at the low-end of guidance as strong consumable sales pressure margins. Net income rose to $266.9 million, or $1.20 a share, from $216.8 million, or 96 cents a share, in the year-ago period. Sales grew 8.1% to $6.94 billion, above the FactSet consensus of $6.84 billion. Same-store sales increased 6.5%, beating expectations of 4.6% growth, as Dollar Tree branded store sales rose 8.6% and Family Dollar sales grew 4.1%. Gross margin improved by 2.40 percentage points to 29.9%, and merchandise inventories of $5.66 billion as of Oct. 29 was up 31.1% from a year ago. For the full fiscal year, the company raised its guidance range for sales to $28.14 billion to $28.28 billion from $27.85 billion to $28.10 billion, but said EPS would be in the lower half of the previously provided range of $7.10 to $7.40, which compares with the FactSet consensus of $7.29. The stock has run up 17.6% year to date through Monday, while the S&P 500 has dropped 17.1%.

-Tomi Kilgore

	

(END) Dow Jones Newswires

November 22, 2022 07:49 ET (12:49 GMT)

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