Business · Week of Nov 2, 2026
Guidance raises lead a heavy Q3 earnings week in business
Third-quarter 2026 earnings dominated the week, with CVS Health, Marriott Vacations and Kraft Heinz raising outlooks while ESAB cut its forecast.
Quarterly results filled the week, and most issuers paired them with guidance changes. CVS Health, Marriott Vacations Worldwide and Yum China raised full-year 2026 targets, and Kraft Heinz lifted its Adjusted EPS range despite a 2.0 percent decline in third-quarter net sales. Performance Food Group reaffirmed its fiscal 2027 outlook. ESAB lowered its full-year core adjusted EBITDA and EPS guidance, and SolarEdge guided to lower fourth-quarter revenue and margins.
Capital returns and balance sheets were a second thread. Yum China added $1 billion to its buyback authorization and says it is on track to return $1.5 billion in 2026. The New York Times Company reported $1.26 billion in cash and marketable securities with no debt. Marriott Vacations completed a $460 million securitization. One-off items shaped several reports, including tariff benefits at SolarEdge, litigation costs at CVS Health and The New York Times Company, and SNAP headwinds at Kraft Heinz.
MARRIOTT VACATIONS WORLDWIDE Corp
MARRIOTT VACATIONS WORLDWIDE Corp
Marriott Vacations Worldwide reported third-quarter contract sales up 29% to $565 million and net income attributable to common stockholders of $82 million, versus a $2 million loss a year earlier. It raised the midpoint of 2026 guidance to $2,130 million in contract sales and $820 million in Adjusted EBITDA, including an estimated $16 million adverse impact from Hurricane Lowell.
CVS Health
CVS HEALTH CORPORATION REPORTS THIRD QUARTER 2026 RESULTS AND RAISES FULL-YEAR 2026 GUIDANCE
CVS Health reported third-quarter revenues of $108.4 billion, up 5.4%, and Adjusted EPS of $2.09, and raised its full-year 2026 guidance to at least $8.20 Adjusted EPS and at least $15.5 billion in operating cash flow. The company says the Health Care Benefits medical benefit ratio fell to 91.3% from 92.8%, and it recorded an estimated $193 million liability tied to Omnicare matters.
Solaredge Technologies, Inc.
SolarEdge Announces Third Quarter 2026 Financial Results
SolarEdge reported third-quarter revenue of $326.1 million, down 4.1% year over year, and a GAAP net loss of $8.4 million, with gross margins that included a $36.0 million IEEPA tariff-related benefit. It guided fourth-quarter revenue to $245 million to $275 million and non-GAAP gross margin to 17% to 21%, and says it is cutting costs amid softer demand while expanding into AI data center power.
Yum China Holdings, Inc.
Yum China Reports Third Quarter 2026 Results
Yum China reported third-quarter revenue up 8% to $3.5 billion and diluted EPS up 20% to $0.91, and opened a quarterly record of 692 net new stores. It raised its 2026 net new store target to over 2,400, added $1 billion to its share repurchase authorization and declared a $0.29 per share dividend payable December 22, 2026.
New York Times Co
The New York Times Company Reports Third-Quarter 2026 Results
The New York Times Company reported third-quarter revenues up 9.7 percent to $768.5 million and operating profit up 16.4 percent to $121.9 million, and added about 420,000 net digital-only subscribers for a total of 13.76 million. Operating costs included $3.8 million of Generative AI Litigation Costs, and the company guides to a 12 - 15% increase in fourth-quarter digital-only subscription revenues.
ESAB Corp
ESAB Corporation Announces Third Quarter 2026 Results
ESAB reported third-quarter sales of $825 million, up 13.3% reported and 2.3% core organic, with diluted EPS from continuing operations of $0.61 versus $1.04 a year earlier. It cut full-year core organic sales growth guidance to 1.6% to 2.0% and core adjusted EBITDA guidance to $603 million to $607 million, following its EWM and Eddyfi acquisitions.
Performance Food Group Co
Performance Food Group Co
Performance Food Group reported first-quarter fiscal 2027 net sales up 5.5% to $18.0 billion and diluted EPS up 36.7% to $0.82, with organic case volume up 2.5%. It reaffirmed fiscal 2027 guidance of $72.5 billion to $73.0 billion in net sales, including a 53rd week, and reported that Specialty segment Adjusted EBITDA fell 4.8%.
Kraft Heinz Co
Kraft Heinz Co
Kraft Heinz reported third-quarter net sales down 2.0 percent to $6,115 million and Adjusted EPS down 13.1 percent to $0.53, with Emerging Markets up 13.8 percent and North America down 3.4 percent. It raised fiscal 2026 Adjusted EPS guidance to $2.07 to $2.13 and narrowed its Organic Net Sales outlook, which includes about a 100 basis point impact from SNAP headwinds.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not News Today Lines reporting.