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2025-01-04

$Samfine Group(SFHG)$ $Samfine Creation Holdings Group Limited(SFHG)$ good start of 2025

2021-06-24

?

Bezos' 2021 Space Odyssey a risk too far for insurers

2025-08-22

$NIO Inc.(NIO)$ hold or sell?

2024-12-17

$Tesla Motors(TSLA)$ Nice one 460

2024-11-12

$Tesla Motors(TSLA)$ 👏🏻

2025-01-04

$Samfine Creation Holdings Group Limited(SFHG)$[Miser]

2024-12-28

$Samfine Creation Holdings Group Limited(SFHG)$ 🫰🏻🫰🏻

2024-12-18

🙂

2024-12-17

$Tesla Motors(TSLA)$

2024-12-11

$Tesla Motors(TSLA)$

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🫰🏻🫰🏻","listText":"<a href=\"https://ttm.financial/S/SFHG\">$Samfine Creation Holdings Group Limited(SFHG)$</a> 🫰🏻🫰🏻","text":"$Samfine Creation Holdings Group Limited(SFHG)$ 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href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a>&nbsp;","text":"$Tesla Motors(TSLA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382326665355496","isVote":1,"tweetType":1,"viewCount":1611,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":382314014675112,"gmtCreate":1734369795569,"gmtModify":1735525191386,"author":{"id":"3583833149933231","authorId":"3583833149933231","name":"Jinchua21","avatar":"https://community-static.tradeup.com/news/38e2ee7ec7ff36264445a130205e0393","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3583833149933231","idStr":"3583833149933231"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a> Nice one 460&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a> Nice one 460&nbsp;","text":"$Tesla Motors(TSLA)$ Nice one 460","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382314014675112","isVote":1,"tweetType":1,"viewCount":1671,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":380426108186784,"gmtCreate":1733918872858,"gmtModify":1733918875333,"author":{"id":"3583833149933231","authorId":"3583833149933231","name":"Jinchua21","avatar":"https://community-static.tradeup.com/news/38e2ee7ec7ff36264445a130205e0393","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3583833149933231","idStr":"3583833149933231"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a>&nbsp;","text":"$Tesla Motors(TSLA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/380426108186784","isVote":1,"tweetType":1,"viewCount":1921,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":379203772321944,"gmtCreate":1733608048557,"gmtModify":1733608052842,"author":{"id":"3583833149933231","authorId":"3583833149933231","name":"Jinchua21","avatar":"https://community-static.tradeup.com/news/38e2ee7ec7ff36264445a130205e0393","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3583833149933231","idStr":"3583833149933231"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a> Guess will hit 415","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a> Guess will hit 415","text":"$Tesla Motors(TSLA)$ Guess will hit 415","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/379203772321944","isVote":1,"tweetType":1,"viewCount":2297,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370272999735360,"gmtCreate":1731401615160,"gmtModify":1731401618587,"author":{"id":"3583833149933231","authorId":"3583833149933231","name":"Jinchua21","avatar":"https://community-static.tradeup.com/news/38e2ee7ec7ff36264445a130205e0393","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3583833149933231","idStr":"3583833149933231"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a>&nbsp; 👏🏻","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a>&nbsp; 👏🏻","text":"$Tesla Motors(TSLA)$ 👏🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370272999735360","isVote":1,"tweetType":1,"viewCount":1599,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802748380,"gmtCreate":1627813597140,"gmtModify":1703496209945,"author":{"id":"3583833149933231","authorId":"3583833149933231","name":"Jinchua21","avatar":"https://community-static.tradeup.com/news/38e2ee7ec7ff36264445a130205e0393","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3583833149933231","idStr":"3583833149933231"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/802748380","repostId":"1141267906","repostType":4,"isVote":1,"tweetType":1,"viewCount":1826,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151446320,"gmtCreate":1625104306860,"gmtModify":1703736204905,"author":{"id":"3583833149933231","authorId":"3583833149933231","name":"Jinchua21","avatar":"https://community-static.tradeup.com/news/38e2ee7ec7ff36264445a130205e0393","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3583833149933231","idStr":"3583833149933231"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/151446320","repostId":"1167249015","repostType":4,"repost":{"id":"1167249015","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1625053653,"share":"https://ttm.financial/m/news/1167249015?lang=en_US&edition=fundamental","pubTime":"2021-06-30 19:47","market":"us","language":"en","title":"Bed Bath & Beyond Inc. Reports Strong First Quarter Results With Sales And Gross Margin Ahead Of Expectations; Transformation Ahead Of Plan","url":"https://stock-news.laohu8.com/highlight/detail?id=1167249015","media":"Tiger Newspress","summary":"Net Sales of $1,954M\nCore Sales Growth of 73%; Comparable Sales Growth of 86%\nGAAP Gross Margin of 3","content":"<p><b>Net Sales of $1,954M</b></p>\n<p><b>Core Sales Growth of 73%; Comparable Sales Growth of 86%</b></p>\n<p><b>GAAP Gross Margin of 32.4%; Adjusted Gross Margin of 34.9%</b></p>\n<p><b>Adjusted EBITDA of $86 Million</b></p>\n<p><b>Raises Full Fiscal Year 2021 Outlook</b></p>\n<p>Bed Bath &amp;Beyond Inc.(NASDAQ: BBBY) today reported financial results for the first quarter of fiscal 2021 ended&nbsp;May&nbsp;29, 2021.</p>\n<p><img src=\"https://static.tigerbbs.com/bbde26abbfa8e2d0a0eb617f3b285efe\" tg-width=\"937\" tg-height=\"481\" referrerpolicy=\"no-referrer\"></p>\n<p>Bed Bath &amp; Beyond&nbsp;shares&nbsp;surged&nbsp;7%&nbsp;in premarket trading.</p>\n<p><img src=\"https://static.tigerbbs.com/ba5cc7a253c1a20f9a1b0d3f2e6fdbfa\" tg-width=\"924\" tg-height=\"663\" referrerpolicy=\"no-referrer\"></p>\n<p><b><u>Q1 Highlights</u></b></p>\n<ul>\n <li>Core1Sales growth of +73%; Comparable3Sales growth of +86% versus Q1 2020</li>\n <li>Comparable Sales growth for Total Enterprise +3% compared to Q1 2019</li>\n <li>Gross Margin of 32.4% and Adjusted2Gross Margin of 34.9%, primarily driven by Owned Brand launches and channel mix shift due to normalized digital penetration versus the COVID-19 period last year</li>\n <li>Q1 Adjusted2EBITDA of$86 millioninclusive of incremental marketing investments during the quarter</li>\n <li>Establishes guidance outlook for 2021 second quarter</li>\n <li>Raises full fiscal year 2021 guidance outlook on Sales and Adjusted2EBITDA; Re-establishes Adjusted EPS guidance</li>\n</ul>\n<p><b><u>Fiscal 2021 First Quarter Results (March-April-May)</u></b></p>\n<ul>\n <li>Net sales were$1.95 billion, reflecting Core1banner sales growth of 73% compared to the prior year period. Net sales growth versus last year was primarily driven by an increase inBed Bath &amp; Beyondbanner sales.</li>\n <ul>\n  <li>Net sales included planned reductions of 24% from non-core banner divestitures.</li>\n </ul>\n <li>Comparable3sales increased 86% compared to the prior year period, which excludes the impact of the Company's fleet optimization activity. Compared to 2019 fiscal first quarter, total enterprise comparable sales increased 3%, driven by digital sales growth of 84%.</li>\n <ul>\n  <li>Comparable3sales included an estimated 13% impact from fleet optimization activity when compared to the fiscal 2020 first quarter.</li>\n </ul>\n <li>Bed Bath &amp; Beyondbanner sales increased 96% compared to the prior year period as the Company had a significant number of stores closed during the 2020 fiscal first quarter at the onset of the COVID-19 pandemic.</li>\n <ul>\n  <li>Bed Bath &amp; Beyondbanner sales were driven by growth in its key destination categories, which includes Bedding, Bath,Kitchen Food Prep,Indoor Decor and Home Organization. In total, these categories delivered strong sales growth of more than 100% compared to the 2020 fiscal first quarter and growth of 7% on a comparable sales basis versus the 2019 fiscal first quarter. These categories represented approximately two-thirds of totalBed Bath &amp; Beyondbanner sales in the first quarter.</li>\n </ul>\n <li>The buybuy BABY banner continued to deliver positive sales growth with net sales increasing more than 20% compared to the 2020 fiscal first quarter, and an increase of low-single digits on a comparable sales basis versus the 2019 fiscal first quarter. Comparable sales were driven by more than 50% growth in digital.</li>\n <li>Gross margin was 32.4% for the quarter. Excluding special items from both periods, adjusted2gross margin increased 820 basis points to 34.9%, primarily driven by a favorable product mix from Owned Brand launches as well as a more normalized mix of digital sales coupled with a strong recovery in store sales growth.</li>\n <li>SG&amp;A expense, on both a GAAP and adjusted basis, decreased significantly compared to the prior year period, primarily due to cost reductions including divestitures of non-core assets and lower rent and occupancy expenses on more efficient stores. This was partially offset by incremental marketing investments to support the Company's \"Home, Happier\" campaign as well as the initial launches of the Company's Owned Brands.</li>\n <li>Adjusted2EBITDA for the period improved to$86 millioncompared to last year, primarily due to higher sales and adjusted2gross margin expansion, which were partially offset by incremental marketing investments to support the Company's \"Home, Happier\" campaign as well as the initial launches of the Company's Owned Brands.</li>\n <li>Net loss per diluted share of$0.48includes approximately$56 millionfrom special items. Excluding special items, adjusted2net earnings per diluted share was$0.05. Special items reflect charges such as non-cash impairments related to certain store-level assets and tradenames, loss on sale of businesses, loss on the extinguishment of debt, and charges recorded in connection with the Company's restructuring and transformation initiatives. Restructuring and transformation initiatives includes accelerated markdowns and inventory reserves related to the planned assortment transition to Owned Brands and costs associated with store closures related to the Company's fleet optimization, and the income tax impact of these items.</li>\n <li>As expected, operating cash flow usage of$28 millionwas in-line with historical first quarter seasonality and working capital needs. Accordingly, free cash flow5was an investment of$102 millionas a result of$74 millionof planned capital expenditures in connection with store remodels, supply chain and IT systems.</li>\n <li>Inventory reduced by approximately$110 millioncompared to the end of fiscal 2020, was primarily related to seasonal selling and product transitions in preparation for the introduction of the Company's Owned Brands, as well as store closures related to the Company's fleet optimization activity.</li>\n <li>$130 millionin capital return to shareholders through share repurchases.</li>\n <li>Cash, cash equivalents, restricted cash and investments balance were approximately$1.2 billion.</li>\n <li>Total Liquidity4was approximately$1.9 billion, including the Company's asset based revolving credit facility.</li>\n</ul>\n<p><b><u>Guidance Outlook</u></b></p>\n<p>As a reminder,Net Salesthroughout fiscal 2021 include the Company's Core1businesses and reflects planned reductions related to the Company's store fleet optimization activity.</p>\n<p><u>Fiscal 2021 Second Quarter Outlook</u></p>\n<p>The Company expects fiscal 2021 second quarterNet Salesof between$2.04 billionto$2.08 billion, which only reflects sales from the Company's Core1businesses.&nbsp;Net Salesalso includes planned sales reductions from the Company's store fleet optimization program of approximately 9% to 10%. On a Comparable Sales basis, the Company expects to achieve growth in the low-single digit range compared to the prior year period.</p>\n<p>The Company expects to achieve Adjusted2Gross Margin in the range of 35% to 36%.&nbsp; This represents a sequential improvement versus the 2021 fiscal first quarter primarily driven by continued assortment curation and a higher penetration of the Company's Owned Brands.&nbsp; Additionally, this guidance reflects the on-going, year-over-year impact of higher, industry-wide freight costs.</p>\n<p>The Company expects Adjusted2EBITDA between&nbsp;$150 millionto$160 millionand Adjusted2EPS in the range of$0.48to$0.55for the fiscal 2021 second quarter.</p>\n<p><u>Fiscal Year 2021 Outlook</u></p>\n<p>Based on strong performance in the fiscal first quarter and current expectations for the fiscal second quarter, the Company is raising its fiscal year 2021 guidance outlook.</p>\n<p>The Company now expects higher fiscal year 2021 Net Sales of$8.2 billionto$8.4 billionfrom$8.0 billionto$8.2 billion. The Company is raising comparable sales expectations for the second through fourth quarters of fiscal 2021 to the Low-Single Digit growth range versus its previously communicated guidance outlook for Flat comparable sales growth.&nbsp; This compares to the Company's robust sales performance during the second through fourth quarters of fiscal 2020.</p>\n<p>The Company is also increasing its Adjusted2EBITDA guidance to a range of$520 millionto$540 millionfrom$500 millionto$525 millionand re-introduces a full fiscal year 2021 Adjusted2EPS range of$1.40to$1.55.</p>\n<p>The Company is reaffirming its previously issued guidance for Adjusted2Gross Margin of approximately 35% and Adjusted2SG&amp;A of approximately 31%.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bed Bath & Beyond Inc. Reports Strong First Quarter Results With Sales And Gross Margin Ahead Of Expectations; Transformation Ahead Of Plan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBed Bath & Beyond Inc. Reports Strong First Quarter Results With Sales And Gross Margin Ahead Of Expectations; Transformation Ahead Of Plan\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-30 19:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Net Sales of $1,954M</b></p>\n<p><b>Core Sales Growth of 73%; Comparable Sales Growth of 86%</b></p>\n<p><b>GAAP Gross Margin of 32.4%; Adjusted Gross Margin of 34.9%</b></p>\n<p><b>Adjusted EBITDA of $86 Million</b></p>\n<p><b>Raises Full Fiscal Year 2021 Outlook</b></p>\n<p>Bed Bath &amp;Beyond Inc.(NASDAQ: BBBY) today reported financial results for the first quarter of fiscal 2021 ended&nbsp;May&nbsp;29, 2021.</p>\n<p><img src=\"https://static.tigerbbs.com/bbde26abbfa8e2d0a0eb617f3b285efe\" tg-width=\"937\" tg-height=\"481\" referrerpolicy=\"no-referrer\"></p>\n<p>Bed Bath &amp; Beyond&nbsp;shares&nbsp;surged&nbsp;7%&nbsp;in premarket trading.</p>\n<p><img src=\"https://static.tigerbbs.com/ba5cc7a253c1a20f9a1b0d3f2e6fdbfa\" tg-width=\"924\" tg-height=\"663\" referrerpolicy=\"no-referrer\"></p>\n<p><b><u>Q1 Highlights</u></b></p>\n<ul>\n <li>Core1Sales growth of +73%; Comparable3Sales growth of +86% versus Q1 2020</li>\n <li>Comparable Sales growth for Total Enterprise +3% compared to Q1 2019</li>\n <li>Gross Margin of 32.4% and Adjusted2Gross Margin of 34.9%, primarily driven by Owned Brand launches and channel mix shift due to normalized digital penetration versus the COVID-19 period last year</li>\n <li>Q1 Adjusted2EBITDA of$86 millioninclusive of incremental marketing investments during the quarter</li>\n <li>Establishes guidance outlook for 2021 second quarter</li>\n <li>Raises full fiscal year 2021 guidance outlook on Sales and Adjusted2EBITDA; Re-establishes Adjusted EPS guidance</li>\n</ul>\n<p><b><u>Fiscal 2021 First Quarter Results (March-April-May)</u></b></p>\n<ul>\n <li>Net sales were$1.95 billion, reflecting Core1banner sales growth of 73% compared to the prior year period. Net sales growth versus last year was primarily driven by an increase inBed Bath &amp; Beyondbanner sales.</li>\n <ul>\n  <li>Net sales included planned reductions of 24% from non-core banner divestitures.</li>\n </ul>\n <li>Comparable3sales increased 86% compared to the prior year period, which excludes the impact of the Company's fleet optimization activity. Compared to 2019 fiscal first quarter, total enterprise comparable sales increased 3%, driven by digital sales growth of 84%.</li>\n <ul>\n  <li>Comparable3sales included an estimated 13% impact from fleet optimization activity when compared to the fiscal 2020 first quarter.</li>\n </ul>\n <li>Bed Bath &amp; Beyondbanner sales increased 96% compared to the prior year period as the Company had a significant number of stores closed during the 2020 fiscal first quarter at the onset of the COVID-19 pandemic.</li>\n <ul>\n  <li>Bed Bath &amp; Beyondbanner sales were driven by growth in its key destination categories, which includes Bedding, Bath,Kitchen Food Prep,Indoor Decor and Home Organization. In total, these categories delivered strong sales growth of more than 100% compared to the 2020 fiscal first quarter and growth of 7% on a comparable sales basis versus the 2019 fiscal first quarter. These categories represented approximately two-thirds of totalBed Bath &amp; Beyondbanner sales in the first quarter.</li>\n </ul>\n <li>The buybuy BABY banner continued to deliver positive sales growth with net sales increasing more than 20% compared to the 2020 fiscal first quarter, and an increase of low-single digits on a comparable sales basis versus the 2019 fiscal first quarter. Comparable sales were driven by more than 50% growth in digital.</li>\n <li>Gross margin was 32.4% for the quarter. Excluding special items from both periods, adjusted2gross margin increased 820 basis points to 34.9%, primarily driven by a favorable product mix from Owned Brand launches as well as a more normalized mix of digital sales coupled with a strong recovery in store sales growth.</li>\n <li>SG&amp;A expense, on both a GAAP and adjusted basis, decreased significantly compared to the prior year period, primarily due to cost reductions including divestitures of non-core assets and lower rent and occupancy expenses on more efficient stores. This was partially offset by incremental marketing investments to support the Company's \"Home, Happier\" campaign as well as the initial launches of the Company's Owned Brands.</li>\n <li>Adjusted2EBITDA for the period improved to$86 millioncompared to last year, primarily due to higher sales and adjusted2gross margin expansion, which were partially offset by incremental marketing investments to support the Company's \"Home, Happier\" campaign as well as the initial launches of the Company's Owned Brands.</li>\n <li>Net loss per diluted share of$0.48includes approximately$56 millionfrom special items. Excluding special items, adjusted2net earnings per diluted share was$0.05. Special items reflect charges such as non-cash impairments related to certain store-level assets and tradenames, loss on sale of businesses, loss on the extinguishment of debt, and charges recorded in connection with the Company's restructuring and transformation initiatives. Restructuring and transformation initiatives includes accelerated markdowns and inventory reserves related to the planned assortment transition to Owned Brands and costs associated with store closures related to the Company's fleet optimization, and the income tax impact of these items.</li>\n <li>As expected, operating cash flow usage of$28 millionwas in-line with historical first quarter seasonality and working capital needs. Accordingly, free cash flow5was an investment of$102 millionas a result of$74 millionof planned capital expenditures in connection with store remodels, supply chain and IT systems.</li>\n <li>Inventory reduced by approximately$110 millioncompared to the end of fiscal 2020, was primarily related to seasonal selling and product transitions in preparation for the introduction of the Company's Owned Brands, as well as store closures related to the Company's fleet optimization activity.</li>\n <li>$130 millionin capital return to shareholders through share repurchases.</li>\n <li>Cash, cash equivalents, restricted cash and investments balance were approximately$1.2 billion.</li>\n <li>Total Liquidity4was approximately$1.9 billion, including the Company's asset based revolving credit facility.</li>\n</ul>\n<p><b><u>Guidance Outlook</u></b></p>\n<p>As a reminder,Net Salesthroughout fiscal 2021 include the Company's Core1businesses and reflects planned reductions related to the Company's store fleet optimization activity.</p>\n<p><u>Fiscal 2021 Second Quarter Outlook</u></p>\n<p>The Company expects fiscal 2021 second quarterNet Salesof between$2.04 billionto$2.08 billion, which only reflects sales from the Company's Core1businesses.&nbsp;Net Salesalso includes planned sales reductions from the Company's store fleet optimization program of approximately 9% to 10%. On a Comparable Sales basis, the Company expects to achieve growth in the low-single digit range compared to the prior year period.</p>\n<p>The Company expects to achieve Adjusted2Gross Margin in the range of 35% to 36%.&nbsp; This represents a sequential improvement versus the 2021 fiscal first quarter primarily driven by continued assortment curation and a higher penetration of the Company's Owned Brands.&nbsp; Additionally, this guidance reflects the on-going, year-over-year impact of higher, industry-wide freight costs.</p>\n<p>The Company expects Adjusted2EBITDA between&nbsp;$150 millionto$160 millionand Adjusted2EPS in the range of$0.48to$0.55for the fiscal 2021 second quarter.</p>\n<p><u>Fiscal Year 2021 Outlook</u></p>\n<p>Based on strong performance in the fiscal first quarter and current expectations for the fiscal second quarter, the Company is raising its fiscal year 2021 guidance outlook.</p>\n<p>The Company now expects higher fiscal year 2021 Net Sales of$8.2 billionto$8.4 billionfrom$8.0 billionto$8.2 billion. The Company is raising comparable sales expectations for the second through fourth quarters of fiscal 2021 to the Low-Single Digit growth range versus its previously communicated guidance outlook for Flat comparable sales growth.&nbsp; This compares to the Company's robust sales performance during the second through fourth quarters of fiscal 2020.</p>\n<p>The Company is also increasing its Adjusted2EBITDA guidance to a range of$520 millionto$540 millionfrom$500 millionto$525 millionand re-introduces a full fiscal year 2021 Adjusted2EPS range of$1.40to$1.55.</p>\n<p>The Company is reaffirming its previously issued guidance for Adjusted2Gross Margin of approximately 35% and Adjusted2SG&amp;A of approximately 31%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BBBY":"Bed Bath & Beyond, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167249015","content_text":"Net Sales of $1,954M\nCore Sales Growth of 73%; Comparable Sales Growth of 86%\nGAAP Gross Margin of 32.4%; Adjusted Gross Margin of 34.9%\nAdjusted EBITDA of $86 Million\nRaises Full Fiscal Year 2021 Outlook\nBed Bath &Beyond Inc.(NASDAQ: BBBY) today reported financial results for the first quarter of fiscal 2021 ended May 29, 2021.\n\nBed Bath & Beyond shares surged 7% in premarket trading.\n\nQ1 Highlights\n\nCore1Sales growth of +73%; Comparable3Sales growth of +86% versus Q1 2020\nComparable Sales growth for Total Enterprise +3% compared to Q1 2019\nGross Margin of 32.4% and Adjusted2Gross Margin of 34.9%, primarily driven by Owned Brand launches and channel mix shift due to normalized digital penetration versus the COVID-19 period last year\nQ1 Adjusted2EBITDA of$86 millioninclusive of incremental marketing investments during the quarter\nEstablishes guidance outlook for 2021 second quarter\nRaises full fiscal year 2021 guidance outlook on Sales and Adjusted2EBITDA; Re-establishes Adjusted EPS guidance\n\nFiscal 2021 First Quarter Results (March-April-May)\n\nNet sales were$1.95 billion, reflecting Core1banner sales growth of 73% compared to the prior year period. Net sales growth versus last year was primarily driven by an increase inBed Bath & Beyondbanner sales.\n\nNet sales included planned reductions of 24% from non-core banner divestitures.\n\nComparable3sales increased 86% compared to the prior year period, which excludes the impact of the Company's fleet optimization activity. Compared to 2019 fiscal first quarter, total enterprise comparable sales increased 3%, driven by digital sales growth of 84%.\n\nComparable3sales included an estimated 13% impact from fleet optimization activity when compared to the fiscal 2020 first quarter.\n\nBed Bath & Beyondbanner sales increased 96% compared to the prior year period as the Company had a significant number of stores closed during the 2020 fiscal first quarter at the onset of the COVID-19 pandemic.\n\nBed Bath & Beyondbanner sales were driven by growth in its key destination categories, which includes Bedding, Bath,Kitchen Food Prep,Indoor Decor and Home Organization. In total, these categories delivered strong sales growth of more than 100% compared to the 2020 fiscal first quarter and growth of 7% on a comparable sales basis versus the 2019 fiscal first quarter. These categories represented approximately two-thirds of totalBed Bath & Beyondbanner sales in the first quarter.\n\nThe buybuy BABY banner continued to deliver positive sales growth with net sales increasing more than 20% compared to the 2020 fiscal first quarter, and an increase of low-single digits on a comparable sales basis versus the 2019 fiscal first quarter. Comparable sales were driven by more than 50% growth in digital.\nGross margin was 32.4% for the quarter. Excluding special items from both periods, adjusted2gross margin increased 820 basis points to 34.9%, primarily driven by a favorable product mix from Owned Brand launches as well as a more normalized mix of digital sales coupled with a strong recovery in store sales growth.\nSG&A expense, on both a GAAP and adjusted basis, decreased significantly compared to the prior year period, primarily due to cost reductions including divestitures of non-core assets and lower rent and occupancy expenses on more efficient stores. This was partially offset by incremental marketing investments to support the Company's \"Home, Happier\" campaign as well as the initial launches of the Company's Owned Brands.\nAdjusted2EBITDA for the period improved to$86 millioncompared to last year, primarily due to higher sales and adjusted2gross margin expansion, which were partially offset by incremental marketing investments to support the Company's \"Home, Happier\" campaign as well as the initial launches of the Company's Owned Brands.\nNet loss per diluted share of$0.48includes approximately$56 millionfrom special items. Excluding special items, adjusted2net earnings per diluted share was$0.05. Special items reflect charges such as non-cash impairments related to certain store-level assets and tradenames, loss on sale of businesses, loss on the extinguishment of debt, and charges recorded in connection with the Company's restructuring and transformation initiatives. Restructuring and transformation initiatives includes accelerated markdowns and inventory reserves related to the planned assortment transition to Owned Brands and costs associated with store closures related to the Company's fleet optimization, and the income tax impact of these items.\nAs expected, operating cash flow usage of$28 millionwas in-line with historical first quarter seasonality and working capital needs. Accordingly, free cash flow5was an investment of$102 millionas a result of$74 millionof planned capital expenditures in connection with store remodels, supply chain and IT systems.\nInventory reduced by approximately$110 millioncompared to the end of fiscal 2020, was primarily related to seasonal selling and product transitions in preparation for the introduction of the Company's Owned Brands, as well as store closures related to the Company's fleet optimization activity.\n$130 millionin capital return to shareholders through share repurchases.\nCash, cash equivalents, restricted cash and investments balance were approximately$1.2 billion.\nTotal Liquidity4was approximately$1.9 billion, including the Company's asset based revolving credit facility.\n\nGuidance Outlook\nAs a reminder,Net Salesthroughout fiscal 2021 include the Company's Core1businesses and reflects planned reductions related to the Company's store fleet optimization activity.\nFiscal 2021 Second Quarter Outlook\nThe Company expects fiscal 2021 second quarterNet Salesof between$2.04 billionto$2.08 billion, which only reflects sales from the Company's Core1businesses. Net Salesalso includes planned sales reductions from the Company's store fleet optimization program of approximately 9% to 10%. On a Comparable Sales basis, the Company expects to achieve growth in the low-single digit range compared to the prior year period.\nThe Company expects to achieve Adjusted2Gross Margin in the range of 35% to 36%.  This represents a sequential improvement versus the 2021 fiscal first quarter primarily driven by continued assortment curation and a higher penetration of the Company's Owned Brands.  Additionally, this guidance reflects the on-going, year-over-year impact of higher, industry-wide freight costs.\nThe Company expects Adjusted2EBITDA between $150 millionto$160 millionand Adjusted2EPS in the range of$0.48to$0.55for the fiscal 2021 second quarter.\nFiscal Year 2021 Outlook\nBased on strong performance in the fiscal first quarter and current expectations for the fiscal second quarter, the Company is raising its fiscal year 2021 guidance outlook.\nThe Company now expects higher fiscal year 2021 Net Sales of$8.2 billionto$8.4 billionfrom$8.0 billionto$8.2 billion. The Company is raising comparable sales expectations for the second through fourth quarters of fiscal 2021 to the Low-Single Digit growth range versus its previously communicated guidance outlook for Flat comparable sales growth.  This compares to the Company's robust sales performance during the second through fourth quarters of fiscal 2020.\nThe Company is also increasing its Adjusted2EBITDA guidance to a range of$520 millionto$540 millionfrom$500 millionto$525 millionand re-introduces a full fiscal year 2021 Adjusted2EPS range of$1.40to$1.55.\nThe Company is reaffirming its previously issued guidance for Adjusted2Gross Margin of approximately 35% and Adjusted2SG&A of approximately 31%.","news_type":1,"symbols_score_info":{"BBBY":0.9}},"isVote":1,"tweetType":1,"viewCount":988,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128679668,"gmtCreate":1624515881854,"gmtModify":1703839042363,"author":{"id":"3583833149933231","authorId":"3583833149933231","name":"Jinchua21","avatar":"https://community-static.tradeup.com/news/38e2ee7ec7ff36264445a130205e0393","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3583833149933231","idStr":"3583833149933231"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/128679668","repostId":"1199514762","repostType":4,"repost":{"id":"1199514762","kind":"news","pubTimestamp":1624514690,"share":"https://ttm.financial/m/news/1199514762?lang=en_US&edition=fundamental","pubTime":"2021-06-24 14:04","market":"us","language":"en","title":"Bezos' 2021 Space Odyssey a risk too far for insurers","url":"https://stock-news.laohu8.com/highlight/detail?id=1199514762","media":"Reuters","summary":"June 24 (Reuters) - Launching one of the richest individuals on earth into orbit has proved a leap t","content":"<p>June 24 (Reuters) - Launching one of the richest individuals on earth into orbit has proved a leap too far for insurers, who are not ready to price the risk of losing Jeff Bezos or his fellow space travelers.</p>\n<p>Amazon CEO Bezos, a lifelong space enthusiast, has been vying with Elon Musk and Richard Branson to become the first billionaire to fly beyond the earth’s atmosphere.</p>\n<p>And while insurers are well known for offering cover for even the most outlandish of risks, at a price, potential accidents in space are not yet among them.</p>\n<p>“Space tourism involves significant risk, but is not an issue life insurers specifically ask about as yet because it is so rare for anyone to travel into space,” Insurance Information Institute (III) spokesperson Michael Barry said.</p>\n<p>There is a nearly $500 million market to insure satellites, rockets and unmanned space flight, but no legal requirement for an operator such as Blue Origin, which Bezos founded, to insure passengers for injury or death or for space tourists to have life cover, brokers and insurers said.</p>\n<p>“We’re not aware of a case where anybody is insured against passenger liability,” Neil Stevens, senior vice president, aviation and space at Marsh, the world’s biggest insurance broker, told Reuters.</p>\n<p>Assuming they lift-off as planned next month, Bezos and the other wannabe astronauts on Blue Origin’s New Shepard spacecraft will not only spend several minutes 62 miles (100 km) above the earth in a truck-sized capsule, they also have to get back.</p>\n<p>The only group that has regularly flown humans sub-orbitally since the 1960s is Branson’s Virgin Galactic. All have been tests, with one failure in 2014 resulting in a death. Blue Origin has flown 15 unmanned sub-orbital flights with no failures, Seradata SpaceTrak data showed on June 10.</p>\n<p>Bezos, Blue Origin and Virgin Galactic did not respond to requests for comment from Reuters on their insurance plans and flight records.</p>\n<p>‘DIFFERENT RISK PROFILES’</p>\n<p>Being uninsured in space is nothing new.</p>\n<p>NASA and the U.S., in general, do not buy liability cover, with government launches basically insured by taxpayers, Richard Parker of Assure Space, a unit of insurer AmTrust Financial that provides space insurance, said.</p>\n<p>NASA astronauts are eligible for government life insurance programs, a NASA spokesperson said in an emailed response.</p>\n<p>Charles Wetton, underwriting manager for space policies at insurer Global Aerospace, said astronauts on government-funded missions are carefully selected for their knowledge, skills and fitness and train for several years before blast off.</p>\n<p>“They and their families understand the risks of the work they do, Wetton said.</p>\n<p>But commercial space cadets may only get a few days of training for a sub-orbital flight or a few months for a ride to the International Space Station (ISS), Wetton said, adding: “These represent two very different risk profiles that insurers will take into account”.</p>\n<p>Blue Origin on its website says the spaceflight passenger will receive training the day before the launch, including mission and vehicle overviews, safety briefings, mission simulation and instruction on in-flight activities.</p>\n<p>Virgin Galactic said participants will get three days of training and preparation before the launch.</p>\n<p>Insurers expect iron clad waivers and contracts from commercial space travel firms, stating they will bear no burden if a passenger dies during a flight.</p>\n<p>NASA has called for responses from the industry for its plans for a liability framework for privately-funded astronaut missions to the ISS. NASA’s plans include requiring private astronauts to buy life insurance.</p>\n<p>It is still early days, but cover for space tourists may be the next step, said Tim Rush, senior vice president, U.S. space, at insurance broker Gallagher, adding that the life insurance market currently provides individual cover of $2-5 million for private astronauts.</p>\n<p>The only mandatory insurance in place for commercial space operators is third-party liability, mainly to cover property damage on earth or to a flying aircraft, said Akiko Hama, client executive, space and aerospace underwriting at Global Aerospace.</p>\n<p>Blue Origin plans for its six-seater spacecraft to take off on July 20 and fly for four minutes beyond the boundary between the earth’s atmosphere and outer space, where passengers will experience total weightlessness.</p>\n<p>MILLION DOLLAR QUESTION</p>\n<p>A key question for how the sector develops is whether risks related to tourism fall under space or aviation insurance lines, insurers and brokers told Reuters.</p>\n<p>The U.N. Outer Space Treaty and the Liability Convention of 1972 governs all activities in space and very few countries have a legal framework for commercial human spaceflight, they said.</p>\n<p>The first-ever aviation insurance policy was written by Lloyd’s of London in 1911. A few years later the market insured Charles Lindbergh and his single-engine plane for $18,000 on its non-stop flight from the United States to Europe.</p>\n<p>Space trips are different, said Marsh’s Stevens, because the passengers are returning to the same place as they left, making it technically a domestic trip to which international aviation insurance cannot be applied, meaning there will also be no limitation to liability.</p>\n<p>“The aviation, aircraft insurance market, and the like, are less keen to take on risks that involve spacecraft,” he said, adding that whether space tourism trips fall under aviation or space insurance is a “million dollar question”.</p>\n<p>While air travel is governed by rules that establish airline liability in the case of death of passengers, Stevens said he was unaware of plans for similar rules for space tourism.</p>\n<p>However, Wetton said Global Aerospace had started to receive enquiries from companies for sub-orbital missions.</p>\n<p>“In 10 years’ time, maybe the two lines, aviation and spaceflight will look very similar,” said Assure Space’s Parker.</p>\n<p>“Some legislative somewhere will say, look, we’re now having average Joes flying on these launch vehicles and need to protect them,” Parker added.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bezos' 2021 Space Odyssey a risk too far for insurers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBezos' 2021 Space Odyssey a risk too far for insurers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 14:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/space-exploration-insurance/focus-bezos-2021-space-odyssey-a-risk-too-far-for-insurers-idUSL3N2NY3PO><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 24 (Reuters) - Launching one of the richest individuals on earth into orbit has proved a leap too far for insurers, who are not ready to price the risk of losing Jeff Bezos or his fellow space ...</p>\n\n<a href=\"https://www.reuters.com/article/space-exploration-insurance/focus-bezos-2021-space-odyssey-a-risk-too-far-for-insurers-idUSL3N2NY3PO\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.reuters.com/article/space-exploration-insurance/focus-bezos-2021-space-odyssey-a-risk-too-far-for-insurers-idUSL3N2NY3PO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199514762","content_text":"June 24 (Reuters) - Launching one of the richest individuals on earth into orbit has proved a leap too far for insurers, who are not ready to price the risk of losing Jeff Bezos or his fellow space travelers.\nAmazon CEO Bezos, a lifelong space enthusiast, has been vying with Elon Musk and Richard Branson to become the first billionaire to fly beyond the earth’s atmosphere.\nAnd while insurers are well known for offering cover for even the most outlandish of risks, at a price, potential accidents in space are not yet among them.\n“Space tourism involves significant risk, but is not an issue life insurers specifically ask about as yet because it is so rare for anyone to travel into space,” Insurance Information Institute (III) spokesperson Michael Barry said.\nThere is a nearly $500 million market to insure satellites, rockets and unmanned space flight, but no legal requirement for an operator such as Blue Origin, which Bezos founded, to insure passengers for injury or death or for space tourists to have life cover, brokers and insurers said.\n“We’re not aware of a case where anybody is insured against passenger liability,” Neil Stevens, senior vice president, aviation and space at Marsh, the world’s biggest insurance broker, told Reuters.\nAssuming they lift-off as planned next month, Bezos and the other wannabe astronauts on Blue Origin’s New Shepard spacecraft will not only spend several minutes 62 miles (100 km) above the earth in a truck-sized capsule, they also have to get back.\nThe only group that has regularly flown humans sub-orbitally since the 1960s is Branson’s Virgin Galactic. All have been tests, with one failure in 2014 resulting in a death. Blue Origin has flown 15 unmanned sub-orbital flights with no failures, Seradata SpaceTrak data showed on June 10.\nBezos, Blue Origin and Virgin Galactic did not respond to requests for comment from Reuters on their insurance plans and flight records.\n‘DIFFERENT RISK PROFILES’\nBeing uninsured in space is nothing new.\nNASA and the U.S., in general, do not buy liability cover, with government launches basically insured by taxpayers, Richard Parker of Assure Space, a unit of insurer AmTrust Financial that provides space insurance, said.\nNASA astronauts are eligible for government life insurance programs, a NASA spokesperson said in an emailed response.\nCharles Wetton, underwriting manager for space policies at insurer Global Aerospace, said astronauts on government-funded missions are carefully selected for their knowledge, skills and fitness and train for several years before blast off.\n“They and their families understand the risks of the work they do, Wetton said.\nBut commercial space cadets may only get a few days of training for a sub-orbital flight or a few months for a ride to the International Space Station (ISS), Wetton said, adding: “These represent two very different risk profiles that insurers will take into account”.\nBlue Origin on its website says the spaceflight passenger will receive training the day before the launch, including mission and vehicle overviews, safety briefings, mission simulation and instruction on in-flight activities.\nVirgin Galactic said participants will get three days of training and preparation before the launch.\nInsurers expect iron clad waivers and contracts from commercial space travel firms, stating they will bear no burden if a passenger dies during a flight.\nNASA has called for responses from the industry for its plans for a liability framework for privately-funded astronaut missions to the ISS. NASA’s plans include requiring private astronauts to buy life insurance.\nIt is still early days, but cover for space tourists may be the next step, said Tim Rush, senior vice president, U.S. space, at insurance broker Gallagher, adding that the life insurance market currently provides individual cover of $2-5 million for private astronauts.\nThe only mandatory insurance in place for commercial space operators is third-party liability, mainly to cover property damage on earth or to a flying aircraft, said Akiko Hama, client executive, space and aerospace underwriting at Global Aerospace.\nBlue Origin plans for its six-seater spacecraft to take off on July 20 and fly for four minutes beyond the boundary between the earth’s atmosphere and outer space, where passengers will experience total weightlessness.\nMILLION DOLLAR QUESTION\nA key question for how the sector develops is whether risks related to tourism fall under space or aviation insurance lines, insurers and brokers told Reuters.\nThe U.N. Outer Space Treaty and the Liability Convention of 1972 governs all activities in space and very few countries have a legal framework for commercial human spaceflight, they said.\nThe first-ever aviation insurance policy was written by Lloyd’s of London in 1911. A few years later the market insured Charles Lindbergh and his single-engine plane for $18,000 on its non-stop flight from the United States to Europe.\nSpace trips are different, said Marsh’s Stevens, because the passengers are returning to the same place as they left, making it technically a domestic trip to which international aviation insurance cannot be applied, meaning there will also be no limitation to liability.\n“The aviation, aircraft insurance market, and the like, are less keen to take on risks that involve spacecraft,” he said, adding that whether space tourism trips fall under aviation or space insurance is a “million dollar question”.\nWhile air travel is governed by rules that establish airline liability in the case of death of passengers, Stevens said he was unaware of plans for similar rules for space tourism.\nHowever, Wetton said Global Aerospace had started to receive enquiries from companies for sub-orbital missions.\n“In 10 years’ time, maybe the two lines, aviation and spaceflight will look very similar,” said Assure Space’s Parker.\n“Some legislative somewhere will say, look, we’re now having average Joes flying on these launch vehicles and need to protect them,” Parker added.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":1602,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":388836495569016,"gmtCreate":1735956489361,"gmtModify":1736150158970,"author":{"id":"3583833149933231","authorId":"3583833149933231","name":"Jinchua21","avatar":"https://community-static.tradeup.com/news/38e2ee7ec7ff36264445a130205e0393","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3583833149933231","idStr":"3583833149933231"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SFHG\">$Samfine Group(SFHG)$</a> <a href=\"https://ttm.financial/S/SFHG\">$Samfine Creation Holdings Group Limited(SFHG)$</a> good start of 2025","listText":"<a href=\"https://ttm.financial/S/SFHG\">$Samfine Group(SFHG)$</a> <a href=\"https://ttm.financial/S/SFHG\">$Samfine Creation Holdings Group Limited(SFHG)$</a> good start of 2025","text":"$Samfine Group(SFHG)$ $Samfine Creation Holdings Group Limited(SFHG)$ good start of 2025","images":[{"img":"https://community-static.tradeup.com/news/97c8ff63e68a881b06ca2b29df985637","width":"362","height":"571"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":28,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/388836495569016","isVote":1,"tweetType":1,"viewCount":1682,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":128679668,"gmtCreate":1624515881854,"gmtModify":1703839042363,"author":{"id":"3583833149933231","authorId":"3583833149933231","name":"Jinchua21","avatar":"https://community-static.tradeup.com/news/38e2ee7ec7ff36264445a130205e0393","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3583833149933231","idStr":"3583833149933231"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/128679668","repostId":"1199514762","repostType":4,"repost":{"id":"1199514762","kind":"news","pubTimestamp":1624514690,"share":"https://ttm.financial/m/news/1199514762?lang=en_US&edition=fundamental","pubTime":"2021-06-24 14:04","market":"us","language":"en","title":"Bezos' 2021 Space Odyssey a risk too far for insurers","url":"https://stock-news.laohu8.com/highlight/detail?id=1199514762","media":"Reuters","summary":"June 24 (Reuters) - Launching one of the richest individuals on earth into orbit has proved a leap t","content":"<p>June 24 (Reuters) - Launching one of the richest individuals on earth into orbit has proved a leap too far for insurers, who are not ready to price the risk of losing Jeff Bezos or his fellow space travelers.</p>\n<p>Amazon CEO Bezos, a lifelong space enthusiast, has been vying with Elon Musk and Richard Branson to become the first billionaire to fly beyond the earth’s atmosphere.</p>\n<p>And while insurers are well known for offering cover for even the most outlandish of risks, at a price, potential accidents in space are not yet among them.</p>\n<p>“Space tourism involves significant risk, but is not an issue life insurers specifically ask about as yet because it is so rare for anyone to travel into space,” Insurance Information Institute (III) spokesperson Michael Barry said.</p>\n<p>There is a nearly $500 million market to insure satellites, rockets and unmanned space flight, but no legal requirement for an operator such as Blue Origin, which Bezos founded, to insure passengers for injury or death or for space tourists to have life cover, brokers and insurers said.</p>\n<p>“We’re not aware of a case where anybody is insured against passenger liability,” Neil Stevens, senior vice president, aviation and space at Marsh, the world’s biggest insurance broker, told Reuters.</p>\n<p>Assuming they lift-off as planned next month, Bezos and the other wannabe astronauts on Blue Origin’s New Shepard spacecraft will not only spend several minutes 62 miles (100 km) above the earth in a truck-sized capsule, they also have to get back.</p>\n<p>The only group that has regularly flown humans sub-orbitally since the 1960s is Branson’s Virgin Galactic. All have been tests, with one failure in 2014 resulting in a death. Blue Origin has flown 15 unmanned sub-orbital flights with no failures, Seradata SpaceTrak data showed on June 10.</p>\n<p>Bezos, Blue Origin and Virgin Galactic did not respond to requests for comment from Reuters on their insurance plans and flight records.</p>\n<p>‘DIFFERENT RISK PROFILES’</p>\n<p>Being uninsured in space is nothing new.</p>\n<p>NASA and the U.S., in general, do not buy liability cover, with government launches basically insured by taxpayers, Richard Parker of Assure Space, a unit of insurer AmTrust Financial that provides space insurance, said.</p>\n<p>NASA astronauts are eligible for government life insurance programs, a NASA spokesperson said in an emailed response.</p>\n<p>Charles Wetton, underwriting manager for space policies at insurer Global Aerospace, said astronauts on government-funded missions are carefully selected for their knowledge, skills and fitness and train for several years before blast off.</p>\n<p>“They and their families understand the risks of the work they do, Wetton said.</p>\n<p>But commercial space cadets may only get a few days of training for a sub-orbital flight or a few months for a ride to the International Space Station (ISS), Wetton said, adding: “These represent two very different risk profiles that insurers will take into account”.</p>\n<p>Blue Origin on its website says the spaceflight passenger will receive training the day before the launch, including mission and vehicle overviews, safety briefings, mission simulation and instruction on in-flight activities.</p>\n<p>Virgin Galactic said participants will get three days of training and preparation before the launch.</p>\n<p>Insurers expect iron clad waivers and contracts from commercial space travel firms, stating they will bear no burden if a passenger dies during a flight.</p>\n<p>NASA has called for responses from the industry for its plans for a liability framework for privately-funded astronaut missions to the ISS. NASA’s plans include requiring private astronauts to buy life insurance.</p>\n<p>It is still early days, but cover for space tourists may be the next step, said Tim Rush, senior vice president, U.S. space, at insurance broker Gallagher, adding that the life insurance market currently provides individual cover of $2-5 million for private astronauts.</p>\n<p>The only mandatory insurance in place for commercial space operators is third-party liability, mainly to cover property damage on earth or to a flying aircraft, said Akiko Hama, client executive, space and aerospace underwriting at Global Aerospace.</p>\n<p>Blue Origin plans for its six-seater spacecraft to take off on July 20 and fly for four minutes beyond the boundary between the earth’s atmosphere and outer space, where passengers will experience total weightlessness.</p>\n<p>MILLION DOLLAR QUESTION</p>\n<p>A key question for how the sector develops is whether risks related to tourism fall under space or aviation insurance lines, insurers and brokers told Reuters.</p>\n<p>The U.N. Outer Space Treaty and the Liability Convention of 1972 governs all activities in space and very few countries have a legal framework for commercial human spaceflight, they said.</p>\n<p>The first-ever aviation insurance policy was written by Lloyd’s of London in 1911. A few years later the market insured Charles Lindbergh and his single-engine plane for $18,000 on its non-stop flight from the United States to Europe.</p>\n<p>Space trips are different, said Marsh’s Stevens, because the passengers are returning to the same place as they left, making it technically a domestic trip to which international aviation insurance cannot be applied, meaning there will also be no limitation to liability.</p>\n<p>“The aviation, aircraft insurance market, and the like, are less keen to take on risks that involve spacecraft,” he said, adding that whether space tourism trips fall under aviation or space insurance is a “million dollar question”.</p>\n<p>While air travel is governed by rules that establish airline liability in the case of death of passengers, Stevens said he was unaware of plans for similar rules for space tourism.</p>\n<p>However, Wetton said Global Aerospace had started to receive enquiries from companies for sub-orbital missions.</p>\n<p>“In 10 years’ time, maybe the two lines, aviation and spaceflight will look very similar,” said Assure Space’s Parker.</p>\n<p>“Some legislative somewhere will say, look, we’re now having average Joes flying on these launch vehicles and need to protect them,” Parker added.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bezos' 2021 Space Odyssey a risk too far for insurers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBezos' 2021 Space Odyssey a risk too far for insurers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 14:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/space-exploration-insurance/focus-bezos-2021-space-odyssey-a-risk-too-far-for-insurers-idUSL3N2NY3PO><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 24 (Reuters) - Launching one of the richest individuals on earth into orbit has proved a leap too far for insurers, who are not ready to price the risk of losing Jeff Bezos or his fellow space ...</p>\n\n<a href=\"https://www.reuters.com/article/space-exploration-insurance/focus-bezos-2021-space-odyssey-a-risk-too-far-for-insurers-idUSL3N2NY3PO\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.reuters.com/article/space-exploration-insurance/focus-bezos-2021-space-odyssey-a-risk-too-far-for-insurers-idUSL3N2NY3PO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199514762","content_text":"June 24 (Reuters) - Launching one of the richest individuals on earth into orbit has proved a leap too far for insurers, who are not ready to price the risk of losing Jeff Bezos or his fellow space travelers.\nAmazon CEO Bezos, a lifelong space enthusiast, has been vying with Elon Musk and Richard Branson to become the first billionaire to fly beyond the earth’s atmosphere.\nAnd while insurers are well known for offering cover for even the most outlandish of risks, at a price, potential accidents in space are not yet among them.\n“Space tourism involves significant risk, but is not an issue life insurers specifically ask about as yet because it is so rare for anyone to travel into space,” Insurance Information Institute (III) spokesperson Michael Barry said.\nThere is a nearly $500 million market to insure satellites, rockets and unmanned space flight, but no legal requirement for an operator such as Blue Origin, which Bezos founded, to insure passengers for injury or death or for space tourists to have life cover, brokers and insurers said.\n“We’re not aware of a case where anybody is insured against passenger liability,” Neil Stevens, senior vice president, aviation and space at Marsh, the world’s biggest insurance broker, told Reuters.\nAssuming they lift-off as planned next month, Bezos and the other wannabe astronauts on Blue Origin’s New Shepard spacecraft will not only spend several minutes 62 miles (100 km) above the earth in a truck-sized capsule, they also have to get back.\nThe only group that has regularly flown humans sub-orbitally since the 1960s is Branson’s Virgin Galactic. All have been tests, with one failure in 2014 resulting in a death. Blue Origin has flown 15 unmanned sub-orbital flights with no failures, Seradata SpaceTrak data showed on June 10.\nBezos, Blue Origin and Virgin Galactic did not respond to requests for comment from Reuters on their insurance plans and flight records.\n‘DIFFERENT RISK PROFILES’\nBeing uninsured in space is nothing new.\nNASA and the U.S., in general, do not buy liability cover, with government launches basically insured by taxpayers, Richard Parker of Assure Space, a unit of insurer AmTrust Financial that provides space insurance, said.\nNASA astronauts are eligible for government life insurance programs, a NASA spokesperson said in an emailed response.\nCharles Wetton, underwriting manager for space policies at insurer Global Aerospace, said astronauts on government-funded missions are carefully selected for their knowledge, skills and fitness and train for several years before blast off.\n“They and their families understand the risks of the work they do, Wetton said.\nBut commercial space cadets may only get a few days of training for a sub-orbital flight or a few months for a ride to the International Space Station (ISS), Wetton said, adding: “These represent two very different risk profiles that insurers will take into account”.\nBlue Origin on its website says the spaceflight passenger will receive training the day before the launch, including mission and vehicle overviews, safety briefings, mission simulation and instruction on in-flight activities.\nVirgin Galactic said participants will get three days of training and preparation before the launch.\nInsurers expect iron clad waivers and contracts from commercial space travel firms, stating they will bear no burden if a passenger dies during a flight.\nNASA has called for responses from the industry for its plans for a liability framework for privately-funded astronaut missions to the ISS. NASA’s plans include requiring private astronauts to buy life insurance.\nIt is still early days, but cover for space tourists may be the next step, said Tim Rush, senior vice president, U.S. space, at insurance broker Gallagher, adding that the life insurance market currently provides individual cover of $2-5 million for private astronauts.\nThe only mandatory insurance in place for commercial space operators is third-party liability, mainly to cover property damage on earth or to a flying aircraft, said Akiko Hama, client executive, space and aerospace underwriting at Global Aerospace.\nBlue Origin plans for its six-seater spacecraft to take off on July 20 and fly for four minutes beyond the boundary between the earth’s atmosphere and outer space, where passengers will experience total weightlessness.\nMILLION DOLLAR QUESTION\nA key question for how the sector develops is whether risks related to tourism fall under space or aviation insurance lines, insurers and brokers told Reuters.\nThe U.N. Outer Space Treaty and the Liability Convention of 1972 governs all activities in space and very few countries have a legal framework for commercial human spaceflight, they said.\nThe first-ever aviation insurance policy was written by Lloyd’s of London in 1911. A few years later the market insured Charles Lindbergh and his single-engine plane for $18,000 on its non-stop flight from the United States to Europe.\nSpace trips are different, said Marsh’s Stevens, because the passengers are returning to the same place as they left, making it technically a domestic trip to which international aviation insurance cannot be applied, meaning there will also be no limitation to liability.\n“The aviation, aircraft insurance market, and the like, are less keen to take on risks that involve spacecraft,” he said, adding that whether space tourism trips fall under aviation or space insurance is a “million dollar question”.\nWhile air travel is governed by rules that establish airline liability in the case of death of passengers, Stevens said he was unaware of plans for similar rules for space tourism.\nHowever, Wetton said Global Aerospace had started to receive enquiries from companies for sub-orbital missions.\n“In 10 years’ time, maybe the two lines, aviation and spaceflight will look very similar,” said Assure Space’s Parker.\n“Some legislative somewhere will say, look, we’re now having average Joes flying on these launch vehicles and need to protect them,” Parker added.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":1602,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":470229196874024,"gmtCreate":1755839400205,"gmtModify":1755839403580,"author":{"id":"3583833149933231","authorId":"3583833149933231","name":"Jinchua21","avatar":"https://community-static.tradeup.com/news/38e2ee7ec7ff36264445a130205e0393","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3583833149933231","idStr":"3583833149933231"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$&nbsp;</a> hold or sell?","listText":"<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$&nbsp;</a> hold or sell?","text":"$NIO Inc.(NIO)$ hold or sell?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/470229196874024","isVote":1,"tweetType":1,"viewCount":1095,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3581582741176868","authorId":"3581582741176868","name":"Meoooow","avatar":"https://community-static.tradeup.com/news/c0057abac9f2fb5047a719b0c0f8803f","crmLevel":11,"crmLevelSwitch":1,"authorIdStr":"3581582741176868","idStr":"3581582741176868"},"content":"Sell if you're in need of money. 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