Breaking News: Earnings
Costco tops quarterly earnings expectations, even as sales remain soft
Exterior view of a Costco store on August 18, 2020 in Teterboro, New Jersey. Kena Betancur | Corbis News | Getty Images Costco on Tuesday reported quarterly earnings that topped Wall Street’s expectations, as shoppers turned to the membership club for cheaper gas, discounted prices of bulk items and more. Here’s what the membership-based warehouse […]
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Oracle comes up brief on earnings but touts AI cloud contracts
Larry Ellison, Oracle’s chairman and technological know-how chief, speaks at the Oracle OpenWorld conference in San Francisco on September 16, 2019. Justin Sullivan | Getty Photographs Oracle shares moved 9% decreased in prolonged buying and selling on Monday following the database application maker disclosed revenue and income guidance that have been lighter than envisioned. Here’s […]
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Slowing inflation is dragging on Kroger sales, even as consumers still feel a pinch
Good news for consumers is bad news for Kroger. As prices that shoppers pay for groceries stabilize or fall, the supermarket operator’s sales are sagging. On Friday, the company posted fiscal second-quarter sales that missed Wall Street’s expectations. The company stuck with its full-year outlook, but said the slowing rate of inflation will mean less […]
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Lululemon sees sales and profit jump 18%, boosts full-year guidance
A customer enters a Lululemon store on June 02, 2023 in Corte Madera, California. Justin Sullivan | Getty Images Lululemon raised its full-year guidance Thursday after reporting an 18% jump in both sales and profit for its fiscal second quarter, beating Wall Street’s estimates. The athletic apparel retailer now expects sales to be between $9.51 […]
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Salesforce shares pop on earnings beat and optimistic forecast
Salesforce CEO Marc Benioff walks with other attendees as they leave a early morning session at the Allen & Company Sunshine Valley Meeting in Solar Valley, Idaho, on July 12, 2023. Kevin Dietsch | Getty Photographs Information | Getty Visuals Salesforce shares jumped 6% in prolonged trading on Wednesday after the cloud software package corporation […]
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Best Buy scales back sales outlook as results top expectations
A shopper pushes a cart with a TV in front of a Best Buy store in Chicago, Illinois, November 25, 2022. Jim Vondruska | Reuters Best Buy on Tuesday surpassed Wall Street’s quarterly sales expectations, but tempered expectations for the rest of the year as it feels the lull of post-pandemic spending on kitchen appliances, […]
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Gap reports mixed quarterly results after another period of declining sales across all brands
Pedestrians walk past Old Navy and GAP stores in Times Square, New York City. Drew Angerer | Getty Images Gap reported mixed results on Thursday and underwhelming current-quarter guidance as the longtime mall retailer saw another quarter of declining sales across all four of its brands. The company beat Wall Street’s estimates on the bottom […]
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Dollar Trees shares sink, as CEO says ‘challenging’ economy is pressuring discounter
Shares of Dollar Tree fell on Thursday and hit a 52-week low, after the retailer said customers’ shopping lists have largely narrowed to food and necessities. The discounter joins a growing group of retailers catering to consumers who have become more price-sensitive and selective about spending. Macy’s and Foot Locker also reported this week that […]
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Peloton shares drop 20% after posting wider-than-expected loss, falling sales due to Bike recall, seasonality
The exterior of a Peloton store is seen on February 05, 2022 in Dusseldorf, Germany. Jeremy Moeller | Getty Images Peloton on Wednesday reported a wider-than-expected loss and a quarterly drop in new subscribers that it blamed on its recall of its Bike seat post and seasonality, sending shares plunging about 20%. The company fell […]
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Foot Locker shares plunge more than 30% as it slashes guidance and blames ‘consumer softness’
Customers walk with Foot Locker shopping bags on the Third Street Promenade in Santa Monica, California. Patrick T. Fallon | Bloomberg | Getty Images Foot Locker reported another quarter of falling sales and slashed its outlook for the second time this year on Wednesday as inflation-weary consumers think twice before shelling out for footwear and […]
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