Annual Archives

UK retailer WH Smith posts 7% annual revenue growth fuelled by travel demand

September 11, 2024 mpsingh No Comments Business Annual, demand, fuelled, growth, posts, retailer, Revenue, Smith, Travel

By Reuters Published September 11, 2024 WH Smith reported a higher annual revenue on Wednesday as robust travel demand propelled sales of its products ranging from sandwiches to books, sending the British retailer’s shares up 11%. WH Smith, an over 230-year-old brand, said trading in the new financial year so far was in line with [...]read moreUK retailer WH Smith posts 7% annual revenue growth fuelled by travel demand

Lululemon cuts annual forecasts on tepid US demand, slower product refresh

August 30, 2024 mpsingh No Comments Business Annual, cuts, demand, forecasts, Lululemon, product, refresh, slower, tepid

By Reuters Published Aug 30, 2024 Lululemon Athletica cut its annual sales and profit forecasts on Thursday, as demand for its pricey leggings and tank tops slowed in North America amid selective consumer spending. Lululemon Its shares swung between heavy losses and gains to settle 5% higher after the bell as the athleisure wear maker’s [...]read moreLululemon cuts annual forecasts on tepid US demand, slower product refresh

Bath & Body Works cuts annual sales forecast on tepid demand

August 29, 2024 mpsingh No Comments Business Annual, Bath, Body, cuts, demand, forecast, sales, tepid, works

By Reuters Published Aug 29, 2024 Bath & Body Works cut its annual sales forecast on Wednesday, a sign of weaker demand for its pricey products such as fragrances and scented candles in the face of still-high inflation. Facebook Bath & Body Works Consumers, grappling with rising costs of living, are still cautious on spending [...]read moreBath & Body Works cuts annual sales forecast on tepid demand

Mountain Warehouse hits new peak performance with impressive annual results

August 26, 2024 mpsingh No Comments Business Annual, hits, Impressive, Mountain, Peak, performance, results, warehouse

Record annual revenues and a return to profit aren’t just good news for UK outdoor clothing retailer Mountain Warehouse but “reflect customers flocking back to the high street post-pandemic”. That’s the view of the retailer’s founder and CEO Mark Neale, who has overseen sales of £386 million for the 52 weeks to end-February, up 4% [...]read moreMountain Warehouse hits new peak performance with impressive annual results

E.l.f. Beauty projects annual forecasts below estimates as consumers spend cautiously

August 9, 2024 mpsingh 1 Comment Business Annual, Beauty, Cautiously, consumers, E.L.F, estimates, forecasts, projects, Spend

By Reuters Published Aug 9, 2024 E.l.f. Beauty forecast annual sales and profit below estimates on 8 August and said it would raise prices of its products if Republican presidential candidate Donald Trump comes to power and hikes tariffs on imports from China. E.L.F. Beauty Shares of the company plunged about 10% in extended trading, even [...]read moreE.l.f. Beauty projects annual forecasts below estimates as consumers spend cautiously

Douglas raises annual targets after strong third quarter

July 17, 2024 mpsingh No Comments Business Annual, Douglas, Quarter, raises, strong, targets

By DPA Translated by Roberta HERRERA Published Jul 17, 2024 Following its third-quarter results, Douglas has revised its outlook upwards for the fiscal year 2023/24, now anticipating revenue growth of about 8.5%, up from the previously forecasted 7%. shutterstock Following its third-quarter results, the perfume retailer Douglas has revised its outlook upwards for the fiscal [...]read moreDouglas raises annual targets after strong third quarter

Gap lifts annual sales forecast on Old Navy strength, shares surge

May 31, 2024 mpsingh No Comments Business Annual, forecast, gap, lifts, Navy, sales, Shares, Strength, surge

By Reuters Published May 31, 2024 Gap raised its annual sales forecast and its first-quarter results beat market expectations, boosted by strength in its Old Navy and Gap brands as budget-strained Americans snap up its trendy denim bottoms and active wear apparel. Gap x Dôen Shares of the company surged 15% after the bell as [...]read moreGap lifts annual sales forecast on Old Navy strength, shares surge

Birkenstock boosts annual forecasts on full-price selling, firm demand

May 31, 2024 mpsingh No Comments Business Annual, Birkenstock, boosts, demand, Firm, forecasts, fullprice, selling

By Reuters Published May 31, 2024 Birkenstock raised its annual revenue and core profit forecasts on Thursday, betting on full-price selling and strong demand for its cork-based sandals and newer closed-toe styles mainly at its own stores, sending its shares up 14.3%. Reuters Most wholesale retailers are still stocking up on popular Birkenstock products despite [...]read moreBirkenstock boosts annual forecasts on full-price selling, firm demand

Ralph Lauren names Justin Picicci as CFO, forecasts dull annual revenue

May 24, 2024 mpsingh No Comments Business Annual, CFO, dull, forecasts, Justin, Lauren, Names, Picicci, Ralph, Revenue

By Reuters Published May 23, 2024 Ralph Lauren on Thursday forecast annual revenue growth below market expectations despite beating quarterly results, as it grapples with subdued demand in the United States. See catwalkRalph Lauren – Fall-Winter2024 – 2025 – Womenswear – Etats-Unis – New York – ©Launchmetrics/spotlight The company also named insider Justin Picicci as [...]read moreRalph Lauren names Justin Picicci as CFO, forecasts dull annual revenue

E.L.F Beauty annual sales surpass $1 billion

May 23, 2024 mpsingh No Comments Business Annual, Beauty, billion, E.L.F, sales, surpass

E.L.F Beauty said on Wednesday annual sales surged 77 percent to $1.02 billion, marking the strongest year of revenue growth ever at the U.S. beauty retailer. E.L.F. Beauty For the fourth quarter ended March 31, net sales increased 71 percent to $321.1 million, primarily driven by strength across the firm’s retailer and e-commerce channels. Net income for the [...]read moreE.L.F Beauty annual sales surpass $1 billion