Jack Daniel’s Tennessee Whiskey Getty Images Brown-Forman, the maker of Jack Daniel’s, failed to meet expectations for its first quarter of fiscal 2024. The company faced challenges with lagging whiskey sales, supply issues, and the need to rebuild its inventory. Net sales for whiskey products decreased by 1%, with Woodford Reserve and Gentleman Jack being …
Here are the companies that are making waves in midday trading: 1. Best Buy: Shares of Best Buy surged by almost 6% after the retailer reported better-than-expected earnings for its fiscal second quarter. The company’s adjusted earnings per share came in at $1.22, beating the analysts’ consensus estimate of $1.06. Additionally, Best Buy’s revenue of …
Discover the latest news from leading companies in after-hours trading on Thursday. March 15, 2023 – Customers walking through a shopping mall along the Magnificent Mile in Chicago. Scott Olson | Getty Images Affirm Holdings – The stock rose by 10.8% after surpassing expectations with its quarterly results. Affirm reported a loss of 69 cents …
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. …
In Dusseldorf, Germany, the exterior of a Peloton store was photographed on February 5, 2022. The fitness company reported its fourth fiscal quarter results on Wednesday, revealing a wider loss than expected and a decrease in new subscribers. This was attributed to the recall of the Bike seat post and seasonality. As a result, Peloton’s …
Nvidia, the chipmaker headquartered in Santa Clara, California, saw a 1.8% increase in its stock before the release of its quarterly report. The company has been performing exceptionally well due to the growing demand for AI technology, with its shares rising by a staggering 220% this year. Meanwhile, Peloton, the fitness company, experienced a significant …
Customers stroll with their shopping bags from Foot Locker along the vibrant Third Street Promenade in Santa Monica, California. According to reports, Foot Locker has reported another decline in sales and has revised its outlook for the second time this year. Consumers, burdened by inflation, are becoming more cautious about spending on footwear and apparel. …
Take a look at the companies making waves in the stock market during midday trading. Target: Despite a lowered earnings forecast and underwhelming second-quarter sales, Target saw a 2.9% increase in shares. The company reported earnings of $1.80 per share on revenue of $24.77 billion. Analysts were expecting earnings of $1.39 per share on $25.16 …
A banner for the popular Mediterranean restaurant chain, Cava, is proudly displayed outside of the New York Stock Exchange (NYSE) as the company successfully goes public on June 15, 2023, in the bustling city of New York. Photographed by Spencer Platt | Getty Images Cava has delightfully shared its first profitable quarter since its remarkable …
At a Stop and Shop store in Dobbs Ferry, New York, US, Heinz Kraft products are neatly arranged for display. The image was captured on Tuesday, July 25, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images Kraft Heinz has announced that Carlos Abrams-Rivera, the current North American president, will assume the role of CEO of …