Breaking News: Earnings
Nike’s holiday quarter plagued by bloated inventory, weak China sales
People wearing protective face masks walk past the closed Nike store on 5th Avenue, during the outbreak of the coronavirus disease (COVID-19), in New York City, May 11, 2020. Mike Segar | Reuters Nike easily beat Wall Street’s expectations for its holiday quarter earnings and revenue, though its bloated inventory continued to weigh on its […]
Read More
Adobe lifts financial gain forecast for fiscal 2023 and beats estimates on quarterly effects
Shantanu Narayen, CEO of Adobe, attends a media event in Mumbai on May perhaps 3, 2017. Abhijit Bhatlekar | Mint | Hindustan Situations | Getty Pictures Adobe shares rose 5% in prolonged investing on Wednesday immediately after application maker introduced fiscal 1st-quarter outcomes that topped Wall Street estimates and lifted its full-12 months foercast. This […]
Read More
Allbirds admits missteps, unveils new strategy after brutal holiday quarter
A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., on Tuesday, Feb. 16, 2021. Al Drago | Bloomberg | Getty Images Footwear retailer Allbirds on Thursday unveiled a broad overhaul of its strategy and an executive shake-up after failing to post year-over-year quarterly sales growth for the first time in […]
Read More
Gap announces big loss, declining sales and executive shakeup
Gap reported disappointing holiday-quarter results Thursday and announced a series of executive changes as the struggling retailer continues to search for a permanent CEO. Shares of the company fell in off-hours trading. Here’s how the company did in its fiscal fourth quarter compared with what Wall Street was anticipating, based on a survey of analysts […]
Read More
Dick’s Sporting Goods smashes same-store sales expectations for holiday quarter
A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City. Spencer Platt | Getty Images Dick’s Sporting Goods on Tuesday reported holiday quarter results that beat Wall Street’s expectations, citing a sales boost from the gift-giving season even with inflation-weary consumers. Same-store sales increased 5.3% during the fourth […]
Read More
Nordstrom earnings top expectations, retailer says it’s winding down Canada operations
Miami, Florida, Coral Gables Shops at Merrick Park, Nordstrom Department Store with shopper entering. Jeff Greenberg | Universal Images Group | Getty Images Nordstrom on Thursday reported lower sales and profits for the holiday quarter, although earnings topped Wall Street’s expectations. The company said it expects sales to decline in the new fiscal year, reflecting […]
Read More
Best Buy tops holiday-quarter expectations but warns of further sales declines in the coming year
Customers shop at a Best Buy store on August 24, 2021 in Chicago, Illinois. Scott Olson | Getty Images Best Buy on Thursday reported holiday-quarter earnings and revenue that topped Wall Street’s expectations, as waning demand for consumer electronics proved better than feared. Still, shares were down about 2% in premarket trading as the retailer […]
Read More
Macy’s shares surge after holiday-quarter profit tops expectations
People wait in line to enter Macy’s department store during Black Friday in New York City on November 25, 2022. Yuki Iwamura | AFP | Getty Images Macy’s shares surged Thursday, as the company said it drew holiday shoppers looking for gifts and held the line on promotions. But the department store operator said it […]
Read More
Salesforce shares soar 13% on improved-than-anticipated forecast
Marc Benioff, co-founder and CEO of Salesforce, speaks at the Globe Financial Discussion board in Davos, Switzerland, on Jan. 18, 2023. Stefan Wermuth | Bloomberg | Getty Visuals Salesforce shares soared 14% in extended trading on Wednesday immediately after the cloud program maker beat Wall Street estimates on earnings and issued a better-than-expected forecast. Here […]
Read More
Kohl’s posts surprising holiday-quarter loss, offers weak sales outlook
People shop at Kohl’s department store amid the coronavirus outbreak on September 5, 2020 in San Francisco, California. Liu Guanguan | China News Service | Getty Images Kohl’s on Wednesday posted a big, surprising loss and a sales decline of about 7% in the holiday quarter. Its latest results come as the retailer copes with […]
Read More