Here come the clothing sales: H&M, burned by approximately $4 billion in excess inventory, will offer more clothing discounts for consumers in the third quarter of 2018, company executives have said. The news came as the fast-fashion chain posted a net profit of about $520...
Walgreens Boots Alliance Inc.’s latest earnings results came in above the Street on Thursday (June 28), boosted by the buyout of several Rite Aid stores. The firm reported adjusted earnings of $1.53, which topped expectations by a nickel. Sales stood at $34.3 billion, which topped...
As Kroger cuts prices and tests out new ways to sell products with its Restock Kroger program, the grocer beat earnings estimates for the first quarter of 2018. Kroger reported earnings per share of $0.73 and revenues of $37.5 billion, compared to analysts’ estimates of...
Adobe’s stock fell as much as 5 percent on Thursday (June 14), even though the company reported better-than-expected earnings for the second quarter of its 2018 fiscal year, which ended on June 1. According to CNBC, excluding certain items, the company reported $1.66 in earnings...
With weeks to go before its “go private” deal, Verifone reported earnings Friday that showed mixed results. Net revenues were $438 million. Gross margins were 41.2 percent, compared to respective $478 million at 42.2 percent. Net income was 25 cents a share, three pennies below...
Ralph Lauren earnings report showed its North America revenue in the fourth quarter decreased 14 percent as the retailer continues to struggle in the region. However, the company topped analysts’ profit and sales forecasts for at least its eighth consecutive quarter. According to Reuters, though...
Despite strong comp growth through its eCommerce website, Lowe’s posted lower-than-expected earnings following unseasonable weather in the first quarter. The home improvement retailer’s earnings per share stood at $1.19 with top-line revenues of $17.4 billion, compared to analysts’ estimates of $1.25 and $17.63 billion, respectively....
Walmart managed to mostly exceed analysts expectations when it released its latest earnings figures earlier today (May 17), news that sent its stock up 1.9 percent in premarket trading. In particular, the big-box retailer reported strength in sales, consumer spend, inventory reduction, eCommerce activity and...
It looks like Macy’s comeback plans are actually starting to take hold, as the long-struggling department store chain managed to pick up the pace on profits and notch a fairly sizable earnings beat, according to CNBC reports. Sales shot up 4.42 percent in the first...
