Breaking News: Earnings
Abercrombie & Fitch posts its strongest first quarter ever, as sales jump 22%
An Abercrombie & Fitch signage is seen on a store on Fifth Avenue on August 25, 2022 in New York City. Michael M. Santiago | Getty Images Abercrombie & Fitch reported its strongest first quarter in its history on Wednesday, continuing a winning streak that again exceeded expectations. The retailer’s sales jumped 22% compared to […]
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Dick’s Sporting Goods raises guidance, says shoppers are spending more on sneakers and athletic gear
A shopping cart sits in front of a Dick’s Sporting Goods store on August 26, 2020 in Daly City, California. Justin Sullivan | Getty Images News | Getty Images Dick’s Sporting Goods on Wednesday said customers are spending more on new sneakers and athletic gear, leading the retailer to raise its full-year earnings guidance. Shares […]
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E.l.f. Magnificence posts initially $1 billion calendar year, but shares fall on weaker than anticipated steerage
e.l.f Elegance products. Courtesy: e.l.f Splendor E.l.f. Magnificence posted its first billion-greenback fiscal yr on Wednesday as revenue spiked by 77% but the retailer’s shares fell as it stated it expects its expansion to sluggish. The eyes, lip, face company, known for its viral promoting and prowess in winning more than younger buyers issued guidance […]
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Target will report earnings before the bell. Here’s what to expect
A customer shops at a Target store in Miami, Florida, on May 20, 2024. Joe Raedle | Getty Images Target will report its fiscal first-quarter earnings on Wednesday, just days after it said it would cut prices on thousands of groceries and everyday items. The Minneapolis-based retailer has set low expectations for the year ahead. […]
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Macy’s beats earnings estimates, as turnaround plan shows early progress
The Macy’s company logo is seen at the Macy’s store on Herald Square on January 19, 2024 in New York City. Macy’s department-store chain announced that they will be laying off roughly 2,350 employees which is about 3.5% of their workforce. The company says that it will also be closing five stores in order to […]
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Lowe’s beats on earnings and revenue, even as consumers spend less on DIY projects
A shopping cart sits in front of a Lowe’s store in Pacoima, California, November 21, 2023. Justin Sullivan | Getty Images Lowe’s topped Wall Street’s quarterly earnings and revenue expectations on Tuesday, even as do-it-youself customers bought fewer pricey items. The home improvement retailer’s results echoed those of Home Depot last week. Home Depot missed […]
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Under Armour is laying off workers as retailer says North America sales will plunge this year
Under Armour clothing is seen for sale in a store in Manhattan, New York City, February 7, 2022. Andrew Kelly | Reuters Under Armour announced a broad restructuring plan on Thursday as it said sales in its largest market, North America, plunged 10% and predicted the trend will get worse throughout its current fiscal year. […]
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Walmart will report earnings before the bell. Here’s what to expect
People walk near the entrance of a Walmart store in Miami, Florida, on May 14, 2024. Joe Raedle | Getty Images Walmart will report earnings on Thursday, as investors look to the nation’s largest retailer to gauge the health of American consumers and the strength of the industry. Here is what Wall Street expects for […]
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Cisco reports better-than-expected results even as revenue suffers steepest drop in 15 years
Chuck Robbins, chief executive officer of Cisco, participates in a Bloomberg interview at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2024. Stefan Wermuth | Bloomberg | Getty Images Cisco reported earnings and revenue for the fiscal third quarter that topped Wall Street’s estimates, even with sales dropping from a year earlier. The […]
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Home Depot will report earnings before the bell. Here’s what to expect
The logo of U.S. home improvement chain Home Depot is seen in Mexico City, Mexico, on Jan. 15, 2020. Luis Cortes | Reuters Home Depot will report its latest earnings results Tuesday as the retailer pushes to draw more sales from home professionals such as roofers and landscapers. Here’s what Wall Street is expecting for […]
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