Walgreens, the retail pharmacy giant, reported fiscal fourth-quarter earnings that fell short of expectations. Demand for Covid vaccines and tests has decreased in the US, impacting the company’s performance. This is the second consecutive quarter in which Walgreens has underperformed Wall Street’s adjusted earnings expectations. Despite this, the company did report narrower losses and progress …
Levi’s 501 blue jeans were displayed by Levi Strauss, but the company’s full-year sales forecast was cut due to weaker shopping trends at U.S. department stores and big-box retailers. The company missed Wall Street’s revenue expectations for the quarter, leading to a slight drop in shares. CEO Chip Bergh attributed the decline in sales to …
In a surprising turn of events, Nike reported its revenue for the fiscal first quarter fell short of Wall Street’s expectations, marking the first time in two years. However, the company exceeded earnings and gross margin estimates, causing its stock to soar in after-hours trading. Here is a breakdown of Nike’s performance compared to analyst …
Costco reported quarterly earnings that exceeded Wall Street’s expectations. Despite a decrease in sales of big-ticket items, the membership club saw an increase in shoppers purchasing groceries. This resulted in a rise in traffic to Costco’s stores, with a 5.2% increase worldwide and 5% in the U.S. However, the average transaction amount dropped by nearly …
Best Buy surpassed Wall Street’s sales expectations for the quarter, but its outlook for the rest of the year is tempered due to reduced demand for kitchen appliances, computer monitors, and electronics in the post-pandemic period. CEO Corie Barry believes that this year will be the low point in tech demand, with stabilization and growth …
A customer enters a Lululemon store on June 02, 2023 in Corte Madera, California. Justin Sullivan | Getty Images Lululemon has announced an increase in its full-year guidance following an impressive 18% growth in sales and profit for its second fiscal quarter. The surge in revenue was mainly attributed to a 61% spike in sales …
Salesforce CEO Marc Benioff walks with other attendees as they leave a morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 12, 2023. Kevin Dietsch | Getty Images News | Getty Images Salesforce shares experienced a 6% surge in extended trading on Wednesday following the announcement of the …
Abercrombie & Fitch Courtesy: Abercrombie & Fitch Shares of Abercrombie & Fitch soared on Wednesday after the company exceeded Wall Street’s expectations for quarterly earnings and sales. CEO Fran Horowitz attributed the strong performance to the retailer’s efforts in attracting more customers with a diverse range of fashionable options beyond jeans and T-shirts. Horowitz also …
Shares of Dollar Tree dropped to a 52-week low after the company revealed that customers are primarily focused on purchasing food and essential items. This trend aligns with the growing number of price-sensitive consumers who are being more selective with their spending. Macy’s and Foot Locker also experienced a decline in sales as customers prioritize …
Pedestrians stroll past Old Navy and GAP stores in the bustling hub of Times Square, New York City. Drew Angerer | Getty Images Gap recorded a mix of results on Thursday, with underwhelming guidance for the current quarter, as the long-standing mall retailer experienced another decline in sales across all four of its flagship brands. …