Breaking News: Earnings
Shares of Abercrombie & Fitch soar 15%, as retailer blows past Wall Street’s expectations
An Abercrombie & Fitch store in San Francisco. Getty Images Shares of Abercrombie & Fitch soared in premarket trading, after the retailer crushed Wall Street’s earnings and sales expectations for the quarter and raised its forecast for the year. Here’s how the retailer did in the fiscal second quarter ended July 29 compared with what […]
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Lowe’s sticks by full-year earnings forecast despite weakening sales, as spring projects offer a boost
The Lowe’s logo is displayed on the front of the store near Bloomsburg. Paul Weaver | Lightrocket | Getty Images Lowe’s reported mixed fiscal second-quarter results on Tuesday, as consumers tackled springtime projects and helped offset weakening home improvement demand. The company topped Wall Street’s earnings estimates, but fell slightly short of expected sales. The […]
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Dick’s shares fall 20% as retailer slashes outlook over theft concerns
Signage outside a Dick’s Sporting Goods Inc. store in Clarksville, Indiana, on Monday, Nov. 9, 2020. Luke Sharrett | Bloomberg | Getty Images Dick’s Sporting Goods reported a 23% drop in profits and slashed its earnings guidance for the year after it saw an uptick in retail theft and slow sales in its outdoor category, […]
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Macy’s beats sales estimates, but stands by cautious full-year forecast as shoppers watch their dollars
Macy’s store in Herald Square in New York. Scott Mlyn | CNBC Macy’s on Tuesday topped Wall Street’s quarterly sales expectations, even as it struck a cautious note about consumer spending for the back half of the year. The department store operator stood by its conservative full-year guidance as sales sag. It said it expects […]
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Zoom beats anticipations and lifts full-year steering on business business power
Zoom founder Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019. Kena Betancur | Getty Pictures Zoom shares rose as much as 8% in extended buying and selling on Monday after the online video-calling software program provider introduced fiscal second-quarter effects that exceeded analysts’ expectations. Here’s how the […]
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Walmart raises full-year forecast as grocery, online growth fuel higher sales
Atchison, Kansas. Walmart store logo with gardening products for sale. (Photo by: Michael Siluk/UCG/Universal Images Group via Getty Images) Ucg | Universal Images Group | Getty Images Walmart on Thursday raised its full-year forecast, as the discounter leaned on its low-price reputation to draw grocery customers and drive online spending. The big-box retailer beat Wall […]
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Shoppers are spending big at TJX Companies as Target sales slide
A T.J. Maxx store in Pasadena, California. Mario Anzuoni | Reuters Cash-strapped consumers may be pulling back on discretionary purchases at Target, but they’re spending big on name brands and home goods at off-price TJX Companies. The discounter raised its full year outlook on Wednesday after posting an 8% year-over-year sales jump and a 23% […]
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Target slashes full-year forecast as retailer struggles to win over thrifty shoppers
A Target department store on May 17, 2023 in North Miami Beach, Florida. Joe Raedle | Getty Images Target on Wednesday missed quarterly sales expectations and slashed its full-year forecast, as it again had trouble convincing shoppers to buy more than the necessities. The big-box retailer cut both its full-year sales and profit expectations. Target […]
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Home Depot beats earnings estimates, but sales slide as consumers pull back on big-ticket buys
A sign is seen posted on the exterior of a Home Depot store on February 21, 2023 in El Cerrito, California. Justin Sullivan | Getty Images Home Depot topped earnings expectations on Tuesday, but posted a 2% year-over-year sales decline as customers remained wary of big purchases and major projects. It marked the first time […]
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Disney set to report earnings after the bell. Here’s what to expect
Members of the Writers Guild of America and the Screen Actors Guild walk the picket line outside of Disney Studios in Burbank, California, on July 18, 2023. Robyn Beck | AFP | Getty Images When the markets close Wednesday, all eyes will be on Bob Iger. The Disney CEO has a laundry list of issues […]
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