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
By Bloomberg Published Jun 6, 2024 Lululemon Athletica Inc. raised its profit outlook for the full year while also beating market expectations for earnings in the first quarter, driving shares up in extended trading. Lululemon The yogawear brand now sees earnings per share totaling as much as $14.47 in the current fiscal year, up 27 [...]read moreLululemon jumps after raising its full-year profit outlook
Open the door to the most powerful room in housing. Join us at The Gathering 2025 in Denver, CO, June 8-11. Go here to lock in special pricing with your registration. The promises of the 2018 housing industry aren’t the promises of today. That hot tech thing or product that you had to have in 2018? Nobody’s talking about [...]read moreMortgageball: Making a profit on $10,500 a loan
The cuts, initially approved last summer, were set to go into effect this July. But as of this spring, Keller Williams was facing multiple class action lawsuits over the changes. At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business [...]read moreKeller Williams Retreats On Profit Sharing Cuts For Defecting Agents
By Reuters Published May 14, 2024 Quarterly earnings reports from Chinese e-commerce giants Alibaba and JD.com this week will be closely watched as barometers for the mood of consumers in the world’s second-largest economy. Reuters Both firms, which combined account for about 69% of China’s e-commerce market revenue, according to DBS estimates, have faced increasing [...]read moreChinese e-commerce giants face delicate balance between discounts, profit
Total revenue climbs 18 percent in the first quarter as Airbnb continued to add supply and benefit from a surge in bookings for events like the eclipse. At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will [...]read moreAirbnb Continues Growth As Q1 Profit More Than Doubles To $264 Million
On its quest to reclaim the title of nation’s biggest mortgage lender, Rocket didn’t sacrifice profits, generating $291 million in net income as revenue grew 107 percent from a year ago, to $1.38 billion. At Inman Connect Las Vegas, July 30-Aug. 1 2024, the noise and misinformation will be banished, all your big questions will [...]read moreRocket Mortgage Picks Up Market Share — And Turns A Tidy Q1 Profit
Rocket Companies, the parent of Rocket Mortgage, delivered a profit in the first quarter of 2024 through initiatives to reduce costs and increased investments in artificial intelligence (AI). In a contracting market, competitors exiting the space have allowed the company to improve market share and gain-on-sale margins. Ultimately, the Detroit-headquartered lender reported a GAAP net income [...]read moreRocket delivers $291M profit amid improved margins and MSR acquisitions
Shares of Carvana surged over 30% in extended trading on Thursday after the used-car seller forecast a surprise rise in current-quarter retail sales and core profit. Carvana’s results come as high interest rates prompt consumers to look for deals on second-hand cars instead of buying new ones. Its shares, which have a short interest of [...]read moreCarvana shares soar on upbeat forecast for core profit, retail sales
Industry experts believe mortgage rates will remain higher for longer, attracting borrowers who face life events but not “economic gamers“ to the mortgage market. In turn, this will force some lenders to think out of the box to attain profitability. On Wednesday afternoon, the Federal Reserve announced its decision to maintain its short-term policy interest rate at a [...]read moreRates at 7% attract different types of borrowers, forcing lenders to rethink profit strategies