quarterly Archives

Birkenstock misses quarterly profit estimates as expansion plan hits margins

August 30, 2024 mpsingh No Comments Business Birkenstock, estimates, expansion, hits, margins, misses, Plan, profit, quarterly

By Reuters Published Aug 30, 2024 Birkenstock missed quarterly profit expectations on Thursday as the German sandal maker’s global expansion drive and production ramp-up compressed its margins, sending its shares down 12% in early trading. Birkenstock The company has been opening more stores in newer markets such as India and Japan amid robust global demand [...]read moreBirkenstock misses quarterly profit estimates as expansion plan hits margins

Gap’s turnaround efforts drive quarterly beat in surprise early announcement

August 30, 2024 mpsingh No Comments Business Announcement, beat, Drive, early, Efforts, gaps, quarterly, Surprise, turnaround

By Reuters Published Aug 30, 2024 Gap on Thursday surpassed Wall Street expectations for the second quarter, as an early announcement of its results showed shoppers turned to its Old Navy and namesake brands to snap up trendy and fashionable clothing. Gap x Dôen Shares of Gap closed up nearly 2% at $22.8. The stock [...]read moreGap’s turnaround efforts drive quarterly beat in surprise early announcement

Tapestry quarterly profit beat Wall Street’s view despite sales dip

August 15, 2024 mpsingh No Comments Business beat, dip, profit, quarterly, sales, streets, Tapestry, view, Wall

Tapestry Inc.’s shares rose on 15 August as the maker of handbags and clothing’s quarterly results beat Wall Street expectations amid continued weak consumer confidence and inflation fears. See catwalkCoach – Spring-Summer2024 – Womenswear – Etats-Unis – New York – © Launchmetrics Adjusted earnings per share were 92 cents a share in the fourth fiscal [...]read moreTapestry quarterly profit beat Wall Street’s view despite sales dip

Shopify beats estimates for quarterly results on AI boost, shares soar

August 7, 2024 mpsingh No Comments Business beats, Boost, estimates, quarterly, results, Shares, Shopify, soar

By Reuters Published Aug 7, 2024 Shopify beat analysts’ estimates for second-quarter results and forecast upbeat sales growth as its AI-enabled tools attracted more merchants to its e-commerce services, sending its U.S. shares up 17% before the bell on Wednesday. Reuters The Canadian company, which helps small and medium businesses build an online store as [...]read moreShopify beats estimates for quarterly results on AI boost, shares soar

EBay beats quarterly results estimates on steady demand for refurbished goods

August 1, 2024 mpsingh No Comments Business beats, demand, EBay, estimates, goods, quarterly, refurbished, results, Steady

By Reuters Published Aug 1, 2024 EBay exceeded Wall Street expectations for second-quarter revenue and profit, buoyed by robust demand for pre-owned goods, cost-effective automotive parts and accessories. Ebay The e-commerce giant’s third-quarter revenue forecast, however, fell short of analysts’ estimates, signaling effects of a tough economy. The company’s strategic focus on specialized categories, such [...]read moreEBay beats quarterly results estimates on steady demand for refurbished goods

American Eagle misses quarterly sales estimates on cautious consumer spending

May 30, 2024 mpsingh No Comments Business American, cautious, Consumer, Eagle, estimates, misses, quarterly, sales, spending

By Reuters Published May 30, 2024 American Eagle Outfitters on Wednesday missed Wall Street estimates for quarterly revenue as sticky inflation hurt demand for its apparel and accessories often sold at full price. American Eagle Shares of American Eagle fell more than 8% in trading after the bell as the company also maintained its fiscal [...]read moreAmerican Eagle misses quarterly sales estimates on cautious consumer spending

Vans owner VF Corp. plunges after reporting quarterly loss

May 23, 2024 mpsingh No Comments Business Corp, Loss, owner, plunges, quarterly, Reporting, vans

By Bloomberg Published May 23, 2024 VF Corp., the owner of the Vans, Dickies and Timberland brands, reported a loss and a seventh consecutive quarter of falling sales, sending the shares down sharply in late trading. Vans The Denver-based apparel company reported a loss per share, excluding some items, of 32 cents, while investors had [...]read moreVans owner VF Corp. plunges after reporting quarterly loss

Macy’s posts bigger-than-expected quarterly sales drop on sluggish demand

May 21, 2024 mpsingh No Comments Business biggerthanexpected, demand, drop, Macys, posts, quarterly, sales, sluggish

By Reuters Published May 21, 2024 Macy’s posted a bigger-than-expected drop in first-quarter sales on Tuesday, hobbled by stiff competition from off-price retailers for shoppers increasingly cautious about spending on products such as apparel and footwear. Reuters The upscale department store operator’s net sales fell 2.7% to $4.85 billion. Analysts on average had expected sales [...]read moreMacy’s posts bigger-than-expected quarterly sales drop on sluggish demand

Zalando maintains quarterly sales and improves profitability

May 10, 2024 mpsingh No Comments Business improves, maintains, profitability, quarterly, sales, Zalando

In the first quarter, the German portal reported sales volumes of €3.3 billion (+1.3%) and sales of €2.2 billion (+0.6%). Above all, Zalando posted a profit before tax and interest of 28.3 million euros, a far cry from the loss of 700,000 euros recorded in the first quarter of 2023. Zalando headquarters in Berlin – [...]read moreZalando maintains quarterly sales and improves profitability

GM beats quarterly targets, raises forecast for the year

April 24, 2024 mpsingh No Comments Auto beats, forecast, quarterly, raises, targets, Year

DETROIT — General Motors on Tuesday posted quarterly results that topped Wall Street targets and raised its annual forecast, citing stable pricing and demand for its gas-engine vehicles, sending shares up 5%. The Michigan automaker upped its adjusted pre-tax profit projection for the year to $12.5 billion to $14.5 billion, from its previous range of [...]read moreGM beats quarterly targets, raises forecast for the year