forecast Archives

Weak results for Quiz’s latest year and bleak forecast, but company talks of ‘green shoots’

August 29, 2024 mpsingh No Comments Business bleak, company, forecast, Green, latest, Quizs, results, Shoots, Talks, weak, Year

Quiz has released its full-year results for the period to the end of March with the company confirming much of what it said in its late June update but adding that strategic initiatives are under way to improve its performance and profitability while managing its cash position. Quiz The final, audited results show revenue for [...]read moreWeak results for Quiz’s latest year and bleak forecast, but company talks of ‘green shoots’

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

Beiersdorf misses profit forecast, says slow China hit luxury brand sales

August 7, 2024 mpsingh No Comments Business Beiersdorf, brand, China, forecast, hit, Luxury, misses, profit, sales, slow

By Reuters Published Aug 7, 2024 Nivea maker Beiersdorf missed expectations for half-year operating profit on Wednesday, and said the luxury market slowdown in China had hit the sales of its La Prairie brand. La Prairie Beiersdorf’s shares fell 4.7% and were at the bottom Germany’s blue-chip index in early trading. Sales of high-end beauty [...]read moreBeiersdorf misses profit forecast, says slow China hit luxury brand sales

L’Oreal 2Q sales grow 5.3%, slower than forecast

July 30, 2024 mpsingh No Comments Business forecast, grow, LOreal, sales, slower

By Reuters Published Jul 30, 2024 French cosmetics giant L’Oreal reported a 5.3% rise in second-quarter sales, below expectations and likely further rattling investors already worried about the lack of rebound in the important Chinese market. The Paris-based company, which owns the Maybelline and Lancome brands, said on Tuesday that sales in the quarter reached [...]read moreL’Oreal 2Q sales grow 5.3%, slower than forecast

Uniqlo owner posts 29% jump in Q3 operating profit, raises forecast

July 12, 2024 mpsingh No Comments Business forecast, jump, operating, owner, posts, profit, raises, Uniqlo

By Reuters Published Jul 12, 2024 Japan’s Fast Retailing, the owner of clothing brand Uniqlo, said on Thursday its third-quarter operating profit surged 29%, buoyed by strong sales at home. Reuters Profit rose to 144.7 billion yen ($894.81 million) in the three months to May 31 from 112.5 billion yen in the year-earlier period. The [...]read moreUniqlo owner posts 29% jump in Q3 operating profit, raises forecast

Mid-Year Housing Market Update + Mortgage Rate Forecast

June 14, 2024 mpsingh No Comments Real estate forecast, Housing, Market, midyear, Mortgage, Rate, Update

We’re almost halfway through 2024, and the housing market is at a standstill. Mortgage rates are high, inventory is low, buyers have fewer choices, and many homeowners refuse to put their properties up for sale. But could things change in the second half of this year if interest rates fall and inventory improves, even if [...]read moreMid-Year Housing Market Update + Mortgage Rate Forecast

Originations forecast through 2026 ‘dampened’ by inflation, GDP and labor market growth

June 13, 2024 mpsingh No Comments Real estate dampened, Fannie Mae, forecast, GDP, growth, iEmergent, inflation, labor, Market, Mortgage Bankers Association, mortgage origination, originations

Persistent economic trends that include inflation, a strong labor market and real gross domestic product (GDP) growth will continue to “dampen” mortgage origination activity through at least the end of 2026, according to the newest U.S. mortgage originations outlook from financial services forecasting and advisory company iEmergent. Based on 2023 Home Mortgage Disclosure Act (HMDA) [...]read moreOriginations forecast through 2026 ‘dampened’ by inflation, GDP and labor market growth

Uniqlo operator Fast Retailing upgrades full-year net profit forecast

June 11, 2024 mpsingh No Comments Business fast, forecast, fullyear, net, Operator, profit, Retailing, Uniqlo, upgrades

By AFP Published Jun 11, 2024 The operator of Japan’s high-street fashion giant Uniqlo on Thursday revised up its full-year net profit forecast to what would be a record performance, citing strong global sales. Uniqlo India- Facebook Retail behemoth Fast Retailing now expects to make 320 billion yen ($2.1 billion) in the year to August, [...]read moreUniqlo operator Fast Retailing upgrades full-year net profit forecast

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

Under Armour’s shares sink after forecast misses estimates

May 16, 2024 mpsingh No Comments Business Armours, estimates, forecast, misses, Shares, sink

By Bloomberg Published May 16, 2024 Under Armour Inc. stock tumbled in premarket trading after the sportswear maker gave a full-year outlook that fell short of Wall Street’s expectations. Under Armour – Facebook: Under Armour The company is going through a transitional period as founder Kevin Plank, who stepped down from the CEO position in [...]read moreUnder Armour’s shares sink after forecast misses estimates