Breaking News: Earnings
Nordstrom shares jump 10% as earnings top estimates, but retailer issues cautious guidance
Signage outside a Nordstrom Rack retail store in New York on Aug. 25, 2022. Gabby Jones | Bloomberg | Getty Images Nordstrom on Tuesday posted earnings that blew past Wall Street’s expectations, indicating the department store is making strides in its efforts to cut costs and boost efficiencies. Though the Seattle-based retailer posted earnings per […]
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Peloton shares rise more than 10% as turnaround plan takes hold, losses shrink
Peloton said Thursday it is digging itself out of the red and eked out a slight sales increase for the first time in nine quarters as it slashed its overall losses. The beleaguered connected fitness company, which is currently being run by two board members after former CEO Barry McCarthy resigned earlier this year, saw […]
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TJX Companies raises full-year guidance, posts 5.6% sales gain for the most recent quarter
TJX Companies raised its full-year guidance on Wednesday after posting another quarter of strong sales, but its outlook still fell just short of Wall Street’s expectations. The discounter behind Marshalls, HomeGoods and TJ Maxx is now expecting full-year earnings to be between $4.09 and $4.13, compared with estimates of $4.14, according to LSEG. For the […]
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Macy’s cuts sales forecast as department stores struggle to draw shoppers
Macy’s logo is seen on a store in Manhattan, New York, United States of America, on July 5th, 2024. Beata Zawrzel | Nurphoto | Getty Images Macy’s cut its full-year sales forecast Wednesday, as the department store operator said it is contending with selective shoppers and more promotions. The retailer posted a mixed quarter, as […]
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Target will report earnings before the bell. Here’s what to expect
A Target store stands in Manhattan, New York City, on March 5, 2024. Spencer Platt | Getty Images Target will report quarterly earnings on Wednesday as the retailer tries to make a comeback from a prolonged period of weaker sales and profits. Here is what Wall Street expects for the Minneapolis-based retailer, according to a […]
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Lowe’s cuts full-year outlook as it expects home improvement sales to weaken
A Lowe’s Home Improvement Warehouse worker collects carts in a parking lot on August 17, 2022 in Houston, Texas. Brandon Bell | Getty Images News | Getty Images Lowe’s on Tuesday cut its full-year forecast, as the home improvement retailer’s quarterly sales declined and it said it expects spending on do-it-yourself projects to weaken. The […]
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Walmart reports its earnings before the bell. Here’s what to expect
Walmart will report quarterly earnings on Thursday, as investors and economists seek clarity about the health of American households and the outlook for the broader economy. Here’s what analysts are expecting for the big-box retailer, according to consensus estimates from LSEG: Earnings per share: 65 cents Revenue: $168.53 billion As the nation’s largest retailer, Walmart […]
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Home Depot expects sales to weaken as consumers grow more cautious
Home Depot on Tuesday topped quarterly expectations, but cautioned that sales will be weaker than expected in the back half of the year as high interest rates and consumer uncertainty dampen demand. The home improvement retailer said it now expects full-year comparable sales to decline by 3% to 4% compared to the prior fiscal year. […]
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E.l.f. Beauty sales jump 50% on gains in color cosmetics and skin care, launch of Bronzing Drops serum
E.l.f. Beauty‘s growth story is still going. The cosmetics retailer on Thursday blew past quarterly estimates again, posting a 50% gain in sales. The company’s sales soared to $324.5 million in its fiscal first quarter, leading it to raise its full-year guidance. That increase follows a staggering 76% jump in the year-ago quarter. CEO Tarang Amin […]
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Paramount Global revenue misses estimates as traditional pay TV continues decline
The Paramount Studios in Los Angeles on April 29, 2024. Eric Thayer | Bloomberg | Getty Images Paramount Global‘s second-quarter revenue dropped 11% and missed analyst estimates as licensing, TV advertising and cable subscription sales dropped. Still, earnings surged as the company’s streaming division swung to an unexpected profit — the first time Paramount has […]
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