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Tag: profit

Etsy misses first-quarter sales, profit estimates on lower discretionary demand

May 2, 2024 No Comments Business , , ,

By Reuters Published May 2, 2024 Etsy missed Wall Street expectations for first-quarter gross merchandise sales (GMS) and profit on Wednesday, hurt by lower demand for its handcrafted goods and personalized gifts at its online marketplace. Reuters Despite Etsy ramping up spending over the past quarters on promotions and advertising, it struggled to keep up [...]read moreEtsy misses first-quarter sales, profit estimates on lower discretionary demand

Samsung’s operating profit soars 930% as AI tailwinds drive demand for memory chips

May 1, 2024 No Comments Technology , ,

Samsung Electronics said on Tuesday that its operating profit surged more than 930% in the first quarter of 2024, driven by soaring demand for its servers, memory chips and storage used in AI applications. The company, which struggled in 2023 as the macroeconomic slowdown hurt demand for its products, said its memory chip business returned to [...]read moreSamsung’s operating profit soars 930% as AI tailwinds drive demand for memory chips

Vince swings to profit in 2023

May 1, 2024 No Comments Business

Vince Holdings announced on Tuesday net sales decreased 17.5% to $75.3 million for the fourth quarter, thanks to the previously announced winding down of its Rebecca Taylor business. Vince The U.S. luxury brand said the quarterly sales decline was driven by a 100% decrease in Rebecca Taylor and Parker segment sales, and to a lesser [...]read moreVince swings to profit in 2023

Adena’s sales and profit drop in tough year, Accessorize is stronger than Monsoon

April 30, 2024 No Comments Business , , , ,

Monsoon may have been on the comeback trail post-pandemic but its latest year was a tough one (as it was for much of the fashion sector), its results have shown. Monsoon Adena Brands, which owns Monsoon and the Accessorize chain (as well as the smaller East), saw sales falling 4% to £248 million in the [...]read moreAdena’s sales and profit drop in tough year, Accessorize is stronger than Monsoon

Givebutter is turning a profit making tech for nonprofits

April 27, 2024 No Comments Technology , ,

Givebutter started in a George Washington University dorm room in 2016 as a software solution to make nonprofit fundraising more transparent and fun. Eight years later, the company is profitable and it just raised $50 million to scale as momentum for nonprofit-focused startups appears to be growing. The company’s co-founder and CEO, Max Friedman, fundraised [...]read moreGivebutter is turning a profit making tech for nonprofits

Adolfo Domínguez quadruples its annual profit, reaching €126.7 million in sales

April 26, 2024 No Comments Business , ,

By Europa Press Translated by Roberta HERRERA Published Apr 26, 2024 Adolfo Domínguez achieved a net profit of €730,000 during its fiscal year 2023-2024 (from March 2023 to February 2024), marking a near fourfold increase (365.1% rise) from the €157,000 recorded the previous year, according to reports submitted to the National Securities Market Commission (CNMV) [...]read moreAdolfo Domínguez quadruples its annual profit, reaching €126.7 million in sales

Pennymac posts first-quarter profit of $39M

April 25, 2024 No Comments Real estate ,

Pennymac Financial Services earned a profit of $39.3 million in the first quarter of 2024, the California-based multichannel lender and servicer announced Wednesday. The company’s pretax gain in the first quarter was $43.9 million. That was less than the $38.1 million figure it posted during the same period last year but a significant improvement from [...]read morePennymac posts first-quarter profit of $39M

Ford Q1 earnings top expectations, sees full-year profit ‘tracking to high-end’

April 25, 2024 No Comments Auto , , , , ,

Ford (F) reported first quarter results after the bell that beat expectations on Wednesday, with its changing product game plan front and center along with its focus on gas and hybrid offerings. Ford also boosted some guidance metrics, but not its full-year profit outlook. For the quarter, Ford reported revenue of $42.8 billion, beating estimates [...]read moreFord Q1 earnings top expectations, sees full-year profit ‘tracking to high-end’

Kering shares drop after Gucci slump prompts profit warning

April 24, 2024 No Comments Business , , , ,

By Bloomberg Published Apr 24, 2024 Kering SA shares tumbled after the luxury group warned that profit will plunge in the first half of the year on slumping sales at Gucci, its biggest brand. The stock slid as much as 8.9% in early Paris trading to the lowest since 2018. Kering’s 20% share slump this [...]read moreKering shares drop after Gucci slump prompts profit warning

Kering warns profit to tumble following Gucci woes in China

April 24, 2024 No Comments Business , , ,

By Bloomberg Published Apr 24, 2024 Kering SA warned that profit will plunge in the first half of the year after wealthy shoppers curbed spending on Gucci products. See catwalkGucci – Fall-Winter2024 – 2025 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight Recurring operating income will drop between 40% and 45% in the first six [...]read moreKering warns profit to tumble following Gucci woes in China