Lululemon Athletica Inc
China consumer slowdown weighs on U.S. earnings again
People walk at a shopping complex in Chengdu, Sichuan province, China April 13, 2024. Tingshu Wang | Reuters From Apple to Starbucks, U.S. consumer brands are reporting yet another quarter of China sales declines. The falling revenue in what’s been a major market for the U.S. companies comes amid tepid consumer spending in China and […]
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Three key questions that will shape whether Coach and Michael Kors owners will merge
Pedestrians walk past a Coach store and a Michael Kors store. Scott Olson | Getty Images Just a few miles from the birthplace of Coach in New York City, a federal judge will soon decide whether its owner Tapestry can become a bag behemoth — in a decision that will weigh big questions about how […]
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Cannabis industry targets luxury consumers with Fifth Avenue marijuana dispensary, Hamptons presence
The Travel Agency on Fifth Avenue in New York Cityis an adult-use recreational marijuana dispensary. Courtesy: The Travel Agency Cannabis consumption has turned a corner — and now it’s on Fifth Avenue. Shoppers walking along the iconic New York stretch of retailers can pick up jewels from Cartier and new threads from Saks, as well […]
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Stocks making the biggest moves premarket: CrowdStrike, Alibaba, Intel, Ulta Beauty and more
Check out the companies making headlines in premarket trading. CrowdStrike — Shares of the cloud security platform ticked up about 2% following an upgrade to buy from HSBC. Analyst Stephen Bersey asserted that “the bad news is behind us” on CrowdStrike stock regarding the mid-July outage tied to a software update. Lululemon — The athleisure […]
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Stocks making the biggest moves after hours: Ulta Beauty, Dell, Lululemon, MongoDB and more
Check out the companies making headlines in after-hours trading. Ulta Beauty — The beauty products retailer saw its shares fall nearly 7% after missing top and bottom line expectations in the second quarter . Ulta’s earnings came out at $5.30 per share, while analysts polled by LSEG expected $5.46 per share. Revenue was of $2.55 […]
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Lululemon cuts guidance, misses sales estimates after botched product launch
Signage at a Lululemon store in New York, US, on Thursday, Aug. 22, 2024. Lululemon Athletica Inc. is scheduled to release earnings figures on August 29. Yuki Iwamura | Bloomberg | Getty Images Lululemon lowered its guidance and posted its first revenue miss in more than two years on Thursday after it botched a highly […]
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Gap shares halted after apparent early earnings release
Facade of GAP retail store with logo sign on sunny day, San Francisco, California, June 7, 2024. Nurphoto | Nurphoto | Getty Images Gap shares were halted Thursday morning after its quarterly earnings results were apparently released early. The apparel retailer is set to post second-quarter earnings after the closing bell Thursday. But Bloomberg reported […]
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Nasdaq 100 futures fall after Nvidia posts quarterly earnings: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading in New York on August 23, 2024. Angela Weiss | AFP | Getty Images Nasdaq 100 futures fell Wednesday night after Nvidia — the artificial intelligence bellwether that’s up more than 150% this year — posted strong quarterly results that […]
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5 things to know before the stock market opens Monday
Here are the most important news items that investors need to start their trading day: 1. Fed by the Fed Stocks jumped last week as investors looked toward an expected interest rate cut in September. Federal Reserve Chair Jerome Powell bolstered a solid run for stocks when he indicated the central bank would ease borrowing […]
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Stocks making the biggest moves midday: Ford, Viking Therapeutics, ServiceNow and more
Check out the companies making headlines in midday trading: Ford Motor — The automaker’s stock fell more than 17% after reporting second-quarter earnings that missed Wall Street’s expectations. Ford posted adjusted earnings per share of 47 cents compared to the consensus forecast of 68 cents, according to LSEG. However, automotive revenue of $44.81 billion came […]
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