misses Archives

Ulta Beauty’s annual profit forecast misses estimates as costs climb

March 20, 2024 mpsingh No Comments Business Annual, Beautys, climb, costs, estimates, forecast, misses, profit, Ulta

Ulta Beauty on Thursday forecast full-year profit below Wall Street estimates after elevated supply chain costs and increased promotions hurt margins, sending its shares down 4.5% in extended trading. Ulta Beauty Despite the beauty retailer’s efforts to boost sales through steep discounts, inflation-weary consumers cut back spending on discretionary items such as cosmetics and hair [...]read moreUlta Beauty’s annual profit forecast misses estimates as costs climb

VF Corp misses quarterly profit expectations; CFO to step down

February 7, 2024 mpsingh No Comments Business CFO, Corp, expectations, misses, profit, quarterly, Step

By Reuters API Published Feb 7, 2024 VF Corp market expectations for third-quarter results on slow demand, and said its CFO Matt Puckett will step down later this year, sending the Vans sneaker maker’s shares down about 9% in extended trading. @thenorthface The company, which withdrew its annual forecasts in October and announced a cost [...]read moreVF Corp misses quarterly profit expectations; CFO to step down

Levi Strauss to cut 15% of corporate jobs; guidance misses estimates

January 26, 2024 mpsingh No Comments Business Corporate, cut, estimates, guidance, jobs, Levi, misses, Strauss

By Bloomberg Published Jan 26, 2024 Levi Strauss & Co. slumped after announcing it will cut as much as 15% of its corporate workforce to boost efficiency. The company also gave an outlook for 2024 sales and profit that fell short of Wall Street’s expectations. Levi’s Levi, which is prioritizing direct-to-consumer sales over wholesalers, said [...]read moreLevi Strauss to cut 15% of corporate jobs; guidance misses estimates