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Sibanye Stillwater reported record first-half results on September 1, with revenue jumping 64% to R90 billion and headline earnings per share rocketing 216%, as the company prioritized debt reduction and dividends over expansion.
Sportsman’s Warehouse reported flat sales of $295.6 million in the second quarter but narrowed its net loss to $4.4 million while reducing inventory and extending debt maturities to 2031.
ADTRAN’s optical networking segment surged with 22% year-over-year revenue growth driven by cloud and hyperscaler demand, though overall second-quarter results missed guidance due to supply constraints and a customer delay.
Women’s clothing retailer Torrid has completed the closure of 177 underperforming stores, representing approximately 20% of its fleet, as the company shifts toward a digital-first business model.
Chinese hotpot chain Haidilao’s shares rose 7% in Hong Kong after first-half results showed delivery revenue more than doubled and new restaurant brands expanded rapidly.
BYD shares dropped nearly 5% in Hong Kong following the release of interim results showing first-half revenue declined 7.1% and net profit fell 20.5% amid intense domestic competition.
