Breaking News: Earnings
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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American Eagle unveils strategy to grow profits, takes $94 million in impairment charges for logistics business
American Eagle on Thursday announced a new strategy to boost profitable growth over the next three years, as the retailer said it wrote off $94 million in impairment charges related to its internal logistics business Quiet Platform. The company also reported holiday earnings that beat Wall Street’s expectations thanks to strong demand and lower markdowns […]
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Abercrombie & Fitch beats holiday estimates as sales soar again, helped by higher prices
Abercrombie & Fitch said Wednesday that its holiday-quarter sales jumped 21% and its profits grew thanks to higher prices and lower raw material costs. The apparel retailer expects its growth story will continue as it issued better-than-expected sales guidance. Here’s how Abercrombie did in its fourth fiscal quarter compared with what Wall Street was anticipating, […]
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Foot Locker shares fall after heavy promotions lead to holiday-quarter losses
Shares of Foot Locker fell in premarket trading Wednesday after the sneaker retailer reported a holiday-quarter loss, issued weak guidance for the current year and said it’s behind on meeting its financial goals. Given how poorly its past fiscal year went, the company is now expecting the profitability goal it laid out during its March […]
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Nordstrom shares fall 10% as retailer warns of potential sales declines in 2024
Shoppers exit the Nordstrom at the Westfield Topanga mall on August 14, 2023. Christina House | Los Angeles Times | Getty Images Nordstrom’s holiday-quarter sales topped Wall Street’s expectations on Tuesday, but the retailer gave a muted outlook for the year ahead. The Seattle-based company said it plans to open new Nordstrom Rack stores and […]
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Shares of Wilson tennis racket maker Amer Sports drop nearly 10% after first earnings report
Shares of Amer Sports, the maker of Wilson tennis rackets and Lousiville Slugger baseball bats, fell about 10% on Tuesday after the company reported strong sales in China but a slowdown in wholesale orders. Here’s how the newly public athletic company did in its fourth quarter. CNBC didn’t compare the results to Wall Street estimates […]
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Target will report its earnings before the bell. Here's what to expect
The Target logo is seen on its store on 42nd Street in Times Square, New York City. Deb Cohn-Orbach | UCG | Universal Images Group | Getty Images Target will report its holiday-quarter results and year-ahead outlook on Tuesday. Here’s what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, are expecting for the […]
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Best Buy tops holiday quarter estimates but issues soft full-year guidance
People walk past a Best Buy store in Manhattan, New York City, November 22, 2021. Andrew Kelly | Reuters Best Buy surpassed Wall Street’s revenue and earnings expectations for the holiday quarter on Thursday, even as the retailer navigated through a period of tepid consumer electronics demand and guided for a softer year ahead. For […]
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Freshly mentioned Birkenstock beats income anticipations on better pricing, U.S. desire
Worker Mo Soto arranges a shelf at a Birkenstock retailer on Oct 10, 2023 in Venice, California. Ethan Swope | Getty Pictures Birkenstock on Thursday beat holiday quarter revenue expectations, reporting a 26% 12 months-on-calendar year leap, as the German sandal firm benefited from larger pricing and climbing U.S. need. This is how the shoemaker […]
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