Tag Archives: Earnings

Target sales jump 23% as exclusive brands, curbside pickup draw in shoppers

Target said Wednesday fiscal first-quarter sales rose 23%, as investments it made in exclusive brands and services like curbside pickup strengthened customer loyalty and kept them coming back. The retailer also said it is benefiting from rising vaccination rates, a reopening economy and busier social calendars: Customers gravitated to new merchandise, especially clothes. Some returned […]

Lowe’s earnings beat on strong sales gains, see momentum into May

A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s reported Wednesday that it continued to see strong demand for home improvement in the first quarter, buoyed by the growth of its business among contractors […]

Macy’s reports surprise profit, retailer hikes full-year outlook

People walk past a Macy’s store in a Manhattan shopping district on August 12, 2020 in New York City. Spencer Platt | Getty Images Macy’s on Tuesday reported a surprise first-quarter profit, as stimulus checks and the Covid vaccine rollout gave consumers more money and greater confidence to head back to the mall and refresh […]

Walmart earnings beat as retailer sees robust growth in grocery and online sales

People talk outside a Wal-Mart Pickup-Grocery store in Bentonville, Arkansas. Rick Wilking | Reuters Walmart‘s first-quarter earnings surged past Wall Street’s estimates on Tuesday as the company reported strong grocery sales and e-commerce growth, and raised its outlook for the year. Shares were up more than 2% early Tuesday in premarket trading. The big-box retailer […]

Here’s what to expect from Home Depot earnings

Customers wearing protective masks wait to check out at a Home Depot store in Pleasanton, California, U.S., on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Home Depot is expected to report its first-quarter earnings before the bell on Tuesday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings […]

Ahead of Walmart earnings, Oppenheimer analyst says another big-box retailer looks like a better buy

Walmart, one of the biggest retailers in the world, is set to report earnings on Tuesday. The mega chain has been able to navigate the pandemic with curbside pickup and its investments in the online shopping experience. Shares have not performed well this year, though. The stock is down more than 3%, trailing the S&P […]

Ryanair says business ‘continues to be challenging’ as traffic falls 81%

Passenger aircraft, operated by Ryanair Holdings, stand on the tarmac at London Stansted Airport in Stansted, U.K., on May 1, 2020. Chris Ratcliffe | Bloomberg | Getty Images LONDON — Ryanair reported a full-year net loss of 815 million euros ($989 million) on Monday as Covid-19 restrictions saw its traffic levels slide 81%. Analysts had […]

Travel search site Trivago pivots amid the pandemic to cut costs while expanding its horizons

Axel Hefer, CEO of Trivago Trivago It’s been said there’s no gain without pain and that what doesn’t kill you makes you stronger. Online travel search firm Trivago seem to have taken the sentiment to heart amid an ongoing pandemic that’s put its industry through the wringer for some 14 months. First-quarter revenue at the […]

Shares of secondhand retailers Poshmark, ThredUp tumble as widening losses overshadow sales growth

Rafael Henrique | LightRocket | Getty Images Shares Poshmark and ThredUp, two leaders in the secondhand retail space, tumbled Wednesday in extended trading, as widening losses overshadowed strong sales growth in a hot category — especially among Gen Z. Poshmark’s stock was falling more than 11%, and ThredUp shares were recently down about 8%. The […]

Mall owner Simon’s CEO sees shopper ‘euphoria’ as people return to stores

Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State’s largest retail shopping space, in King of Prussia, Pennsylvania. Mark Makela | Reuters The biggest U.S. mall owner Simon Property Group says shoppers are getting back to malls, but that it’s hard to predict what traffic trends […]

Peloton shares rise as treadmill recall impact not as bad as feared

A Peloton Interactive Inc. Tread exercise machine for sale at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton shares climbed about 6% Friday as investors realized the financial hit from the company’s treadmill recall isn’t as bad as some had feared. The exercise […]

Peloton says treadmill recall will lower fourth-quarter sales by $165 million

A detail shot shows the running deck of a Peloton Tread treadmill during CES 2018 at the Las Vegas Convention Center on January 11, 2018 in Las Vegas, Nevada. Ethan Miller | Getty Images Peloton said Thursday it expects its fiscal fourth-quarter sales to take a $165 million hit due to a treadmill recall. It […]

Beyond Meat swings to a loss as grocery sales growth slows

Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale on November 15, 2019 in New York City. Angela Weiss | AFP | Getty Images Beyond Meat on Thursday reported a wider-than-expected loss in the first quarter as restaurant customers take longer to return and grocery shoppers […]

Peloton delays May launch of its less expensive treadmill in the U.S. to add safety features

Peloton introduces a treadmill to their product line. Emily Gaffney | CNBC Peloton said Thursday it will delay the launch of its Tread machine in the United States, until new safety features are added. The new, less expensive treadmill was set to go on sale May 27. It had already been available in Canada and […]

Peloton’s sales surge 141% as delivery pressures ease; no word on recall’s financial hit

A monitor displays Peloton Interactive Inc. signage during the company’s initial public offering (IPO) across from the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images Peloton on Thursday reported fiscal third-quarter sales growth of 141%, saying recent investments in its supply chain allowed it to […]