Tag Archives: Earnings

GameStop sales rise 25% as retailer chases e-commerce growth, says it may sell 5 million shares

SELINSGROVE, PENNSYLVANIA, UNITED STATES – 2021/01/27: A woman walks past the GameStop store inside the Susquehanna Valley Mall. An online group sent share prices of GameStop (GME) and AMC Entertainment Holdings Inc. (AMC) soaring in an attempt to squeeze short sellers. Photo by Paul Weaver/SOPA Images/LightRocket via Getty Images GameStop‘s sales rose 25% in the […]

RH beats on earnings, hikes outlook as retail surge boosts high-end home goods

Jason Kempin | Getty Images Entertainment | Getty Images Shares of the high-end furniture retailer RH surged in extended trading Wednesday after the company beat analysts’ profit and sales estimates for the fiscal first quarter. RH also hiked its full-year outlook, building on the momentum it’s seeing in the luxury home category, and gave a […]

Stitch Fix shares soar as sales top estimates, styling service raises full-year outlook

The Stitch Fix application for download in the Apple App Store on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7. Tiffany Hagler-Geard | Bloomberg | Getty Images Stitch Fix shares soared on Monday after the online shopping and styling […]

Lululemon first-quarter sales rise 88%, topping estimates, as store traffic rebounds

Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Lululemon Athletica said Thursday fiscal first-quarter revenue soared 88%, topping analysts’ estimates, as shopper traffic steadily rebounded to its stores. The athletic apparel maker also issued a strong forecast […]

Gap CEO says the retailer’s ‘cool’ factor and Walmart’s scale make tie-up the perfect match

Gap CEO Sonia Syngal thinks Walmart is the perfect partner for the apparel retailer as the two companies endeavor to launch a new home brand together. “This is a new chapter for us,” Syngal told CNBC’s Jim Cramer on “Mad Money” Thursday evening. “We’re excited about the scale of Walmart, coupled with the cool of […]

Gap sales top pre-pandemic levels, as turnaround efforts gain traction, retailer raises 2021 outlook

A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Gap said Thursday its fiscal first-quarter sales surpassed pre-pandemic levels, as shoppers turned to Old Navy and Athleta to refresh their wardrobes for summer. The retailer raised its sales outlook for the full year, as Gap’s namesake banner in North America shows […]

Best Buy sales jump 36% as consumers splurge on electronics, retailer raises forecast

Customers wait outside of a Best Buy store in downtown Toronto, Ontario on November 23, 2020 to pick up their online orders. Geoff Robbins | AFP | Getty Images Best Buy said Thursday that sales grew 36% in the fiscal first quarter, as shoppers’ stimulus-fueled spending spree included consumer electronics. Shares of the company more […]

American Eagle is the latest apparel retailer to crush estimates as teens head back to the mall

A shopper wearing a protective mask walks past a sale sign at an American Eagle Outfitters Inc. clothing store at Westfield San Francisco Centre in San Francisco, California, U.S., on Thursday, June 18, 2020. Michael Short | Bloomberg | Getty Images American Eagle Outfitters reported Wednesday fiscal first-quarter earnings and sales that topped analysts’ estimates, […]

Dick’s Sporting Goods earnings crush estimates as kids head back to team sports, retailer raises forecast

Mannequins stand next to merchandise displayed for sale at a Dick’s Sporting Goods store in West Nyack, New York. Craig Warga | Bloomberg | Getty Images Dick’s Sporting Goods reported Wednesday fiscal first-quarter earnings and revenue that topped analyst estimates, saying kids returning to team sports boosted sales. Dick’s also raised its full-year financial outlook, […]

Nordstrom shares fall as earnings and 2021 outlook disappoint

Nordstrom reported Tuesday better-than-expected fiscal first-quarter sales, as shoppers showed up to its stores again to buy new shoes, sunglasses and swimwear for social outings. But its stock tumbled around 7% in extended trading as the retailer booked a wider-than-expected loss, and maintained its full-year outlook, despite other retail rivals boosting their forecasts in recent […]

Discount retailers TJX, Ross stage a comeback as shoppers crave ‘treasure hunting’ for clothes again

The reflection of shoppers are seen in a window at a TJ Maxx store in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images Any doubts about whether shoppers would return to discount retail stores to rummage through racks in the hunt for bargains were crushed this week when TJX Companies and Ross Stores reported […]

Kohl’s shares tumble despite the retailer’s strong sales beat and hiked outlook

Vehicles sit parked in front of a Kohl’s department store in Ashland, Ky. Luke Sharrett | Bloomberg | Getty Images Kohl’s shares tumbled Thursday, despite the company reporting fiscal-first quarter profit and sales that exceeded expectations and hiking its full-year forecast. It hinted at additional costs and supply chain headwinds that it may face in […]

Petco swings to a profit and boosts forecast, citing customer growth, but shares fall

Petco Health and Wellness Co. reported Thursday first-quarter earnings that outpaced Wall Street’s estimates as a surge in pet adoptions continues to help the retailer recruit new customers. Despite the better-than-expected performance, and an increased earnings forecast, Petco shares fell almost 3% on Thursday. “We’re attracting new customers and gaining market share in a growing […]

Wheels Up revenue surges 68% amid robust demand for private jet travel

Wheels Up is a new airline travel company co-founded by Bill Allard who stands in front of a new Beechcraft 350i King Air turbojet plane with only 30 hours on it. John Tlumacki | The Boston Globe | Getty Images Private jet company Wheels Up reported a 68% jump in first-quarter revenue and 56% increase […]

Victoria’s Secret parent L Brands first-quarter earnings, sales top estimates

Shoppers pass in front of a Victoria’s Secret store at a mall in San Diego, California, April 22, 2021. Bing Guan | Bloomberg | Getty Images Victoria’s Secret parent L Brands on Wednesday reported first-quarter earnings and sales that topped analysts’ estimates, driven by momentum across its business and more people paying full price for […]