Lululemon on Thursday reported holiday earnings that topped expectations, but the athletic apparel retailer’s guidance came in below estimates as its growth in North America stagnates. Here’s how the company did in its fourth fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG, formerly known as Refinitiv: … Read more
Nike on Thursday reported holiday sales that beat estimates, helped by better than expected growth in North America. Here’s how the company performed compared with what Wall Street was anticipating, based on a survey of analysts by LSEG, formerly known as Refinitiv: Earnings per share: 77 cents vs. 74 cents expectedRevenue: $12.43 billion vs. $12.28 … Read more
Construction workers are seen at a new condominium building project in Huerth, western Germany, on April 5, 2023. Ina Fassbender | Afp | Getty Images Shares of German property giant Vonovia fell more than 7% on Friday, shining a light on a deepening real estate crisis in Europe’s largest economy. The residential real estate company … Read more
Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor of the New York Stock Exchange on Feb. 20, 2024. Brendan Mcdermid | Reuters Adobe shares tumbled as much as 11% in extended trading Thursday after the design software maker issued strong fiscal first-quarter results but came up slightly short on quarterly … Read more
Adidas shoes are displayed at a DSW store on January 31, 2024 in Novato, California. Justin Sullivan | Getty Images Adidas on Wednesday warned of a sales decline in its overstocked North American market in 2024, as the German sportswear brand continues to sell off its remaining Yeezy inventory. Currency-neutral sales in North America are … Read more
Customers at a Lego store in Shanghai, China, on Feb. 3, 2024. Costfoto | Nurphoto | Getty Images The chief executive of Denmark’s Lego on Tuesday reflected on a tough year for the world’s largest toymaker, and outlined the firm’s long-term plans to stay relevant and “cool with kids.” Lego said its 2023 revenue was … Read more
Commuters walking at Shibuya Crossing, Tokyo © Marco Bottigelli | Moment | Getty Images Japan averted a technical recession as revised official data on Monday showed the economy returned to growth in the the October-December period last year, bolstered by strong capital expenditure. The upward revisions though were weaker than estimated, with private consumption remaining … Read more
Logo of Aramco, officially the Saudi Arabian Oil Group, Saudi petroleum and natural gas company, seen on the second day of the 24th World Petroleum Congress at the Big 4 Building at Stampede Park, on September 18, 2023, in Calgary, Canada. Artur Widak | Nurphoto | Getty Images Saudi Arabia’s state oil giant Aramco reported … Read more
HelloFresh shares plunged 42% on Friday in their worst-ever session to date, after the recipe box delivery company disappointed with its 2024 earnings outlook. Analysts at UBS said that while they had flagged risks around HelloFresh’s guidance, its outlook, released after the market close on Thursday, was “far worse” than anticipated. Disappointing growth and adjusted … Read more
Mannequins display men’s suits inside a Hugo Boss showroom. Bloomberg | Bloomberg | Getty Images Shares of Hugo Boss plunged 13% Thursday, after warning that it may fail to meet its 2025 sales target amid weakening consumer demand. The German high-end fashion brand was on course for its worst trading day since 2016, after it … Read more