Breaking News: Earnings
JPMorgan Chase is set to report first-quarter earnings — here’s what the Street expects
Jamie Dimon, President and CEO of JPMorgan Chase, speaking on CNBC’s “Squawk Box” at the World Economic Forum Annual Meeting in Davos, Switzerland, on Jan. 17, 2024. Adam Galici | CNBC JPMorgan Chase is scheduled to report first-quarter earnings before the opening bell Friday. Here’s what Wall Street expects: Earnings: $4.11 a share, according to […]
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Nearly half of Levi's sales are happening online and in its shops, a shift as department stores fade
Levi Strauss, which has long relied on wholesalers like Macy’s and Kohl’s to drive its business, is now doing nearly half of its sales through its own website and stores, the company said Wednesday when reporting fiscal first quarter earnings. In the three months ended Feb. 25, direct-to-consumer sales made up a record 48% of […]
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Lululemon shares plunge 10% on weak guidance, slowing North America growth
Lululemon on Thursday reported holiday earnings that topped expectations, but the athletic apparel retailer’s guidance came in below estimates as its growth in North America stagnates. Here’s how company did in its fourth fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG, formerly known as Refinitiv: Earnings […]
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Nike getaway sales leading estimates, served by better than envisioned North The united states advancement
The Nike logo is shown at a Nike Perfectly Collective retail outlet on February 16, 2024 in Glendale, California. Mario Tama | Getty Visuals Nike on Thursday claimed holiday gross sales that beat estimates, assisted by greater than anticipated advancement in North The united states. Here’s how the business performed in contrast with what Wall […]
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Adobe shares slip 10% on soft gross sales forecast
Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the flooring at the New York Stock Trade (NYSE) in New York Town, U.S., February 20, 2024. Brendan Mcdermid | Reuters Adobe shares tumbled as considerably as 11% in extended buying and selling on Thursday right after the design software package maker issued sturdy […]
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Dick's Sporting Goods soars past holiday quarter estimates, raises dividend 10%
Dick’s Sporting Goods logo is seen on the shop in Williston, United States on June 19, 2023. Jakub Porzycki | Nurphoto | Getty Images Dick’s Sporting Goods raised its dividend by 10% on Thursday as the company posted its largest sales quarter in its history and projected another year of growth. Many retailers benefited from […]
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Petco CEO Ron Coughlin is out, former Best Buy exec to step in as interim chief executive
Petco Health and Wellness Co. signage outside the Nasdaq MarketSite during the company’s initial public offering (IPO) in New York, U.S., on Thursday, Jan. 14, 2021. Michael Nagle | Bloomberg | Getty Images Petco announced Wednesday that its CEO Ron Coughlin is stepping down, and said board member and Best Buy executive R. Michael Mohan […]
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Babies R Us is coming to about 200 Kohl's stores
Shoppers walk in front of a Kohl’s store in Mount Kisco, New York. Scott Mlyn | CNBC Kohl’s said Tuesday that it’s teaming up with the owner of Babies R Us to bring baby gear, furniture and more to approximately 200 of its stores across the country. The retailer struck a deal with WHP Global, […]
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Gap shares pop as company's holiday earnings blow past estimates, Old Navy returns to growth
A general view of an Old Navy store. Gap Inc. Gap’s largest banner Old Navy returned to growth for the first time in more than a year during its holiday quarter as the retailer delivered earnings on Thursday that came in well ahead of Wall Street’s expectations. Sales at Old Navy grew 6% to $2.29 […]
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Costco holiday-quarter revenue expectations despite online growth
Mandel Ngan | Afp | Getty Images Costco on Thursday missed Wall Street’s revenue expectations for its holiday quarter, despite reporting year-over-year sales growth and strong e-commerce gains. Shares of the retailer fell about 4% in aftermarket trading. The retailer’s stock had hit a 52-week high earlier in the day. The company offered few details […]
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