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Macy's 'Bold New Chapter' Gains Traction: Analysts Say Retailer Delivers In Q1 Results, While Some Risk Remains
Wednesday, May 22, 2024 - 12:32pm | 525Macy’s Inc (NYSE:M) shares climbed in early trading on Wednesday after the company reported better-than-expected earnings and raised its outlook. The results came amid an exciting earnings season. Here are some key analyst takeaways. JPMorgan On Macy’s Analyst Matthew Boss reaffirmed an...
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American Eagle Outfitters Turns Bullish After Meeting With Management
Thursday, April 11, 2024 - 12:21pm | 337American Eagle Outfitters Inc (NYSE: AEO) reported upbeat fourth-quarter earnings in March. The company is poised to generate revenue growth across its brand portfolio, with 3% to 5% consolidated revenue growth in its flagship brand and Aerie, according to JPMorgan. The American Eagle...
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Levi Strauss & Co Reports Better-Than-Expected Q1 Results, Raises FY24 Guidance
Wednesday, April 3, 2024 - 4:51pm | 295Levi Strauss & Co. (NYSE:LEVI) reported its first-quarter financial results after the bell Wednesday. Here's a look at the highlights. The Details: The company reported quarterly earnings of 26 cents per share which beat the analyst consensus estimate of 21 cents by 23.81%. Quarterly sales...
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Jensen Huang's Signature Leather Jacket Style Comes From His Wife And Daughter
Wednesday, March 20, 2024 - 11:09am | 690Speaking at the GTC 2024 keynote presentation, NVIDIA Corp. (NASDAQ:NVDA) CEO Jensen Huang highlighted new products and ways the company would usher in the new era of artificial intelligence. Like other Huang presentations, the CEO was seen wearing a leather jacket, which has become his signature...
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Allbirds Stock Falls After Earnings: Here's Why
Tuesday, March 12, 2024 - 4:58pm | 276Allbirds, Inc. (NASDAQ:BIRD) reported its fourth-quarter financial results after the bell Tuesday. Here's a look at the details. The Details: Allbirds reported quarterly losses of 37 cents per share which missed the analyst consensus estimate of losses of 23 cents by more than 60%. Quarterly...
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How Two Friends Turned A Gobi Adventure Into A Cashmere Empire
Friday, March 8, 2024 - 5:36pm | 665In 2013, college buddies Matt Scanlan and Diederik Rijsemus took an adventurous trip to Mongolia, which turned into a groundbreaking business venture. Stranded among goat herders in the Gobi Desert, they uncovered the potential for revolutionizing the cashmere industry. Their idea was simple yet...
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Nordstrom Stock Falls After Q4 Results, Weak Guidance
Tuesday, March 5, 2024 - 6:19pm | 332Nordstrom Inc (NYSE:JWN) reported its fourth-quarter financial results and issued weak guidance after the bell Tuesday. Here's a look at the details. The Details: The company reported quarterly earnings of 96 cents per share, beating the consensus estimate of 88 cents per share. Quarterly sales...
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Figs Stock Falls After Mixed Q4 Results: EPS Beat, Revenue Miss
Wednesday, February 28, 2024 - 6:27pm | 334Figs Inc (NYSE:FIGS) reported its fourth-quarter financial results after the bell Wednesday. Here's a look at the details. The Details: Figs reported quarterly earnings of 5 cents per share which beat the analyst consensus estimate of 2 cents per share. Quarterly sales came in at $144.92 million...
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Zara's Parent Company Targets Shein With Budget Brand Lefties' Strategic Expansion
Thursday, February 22, 2024 - 4:13am | 670Industria De Diseno (OTC:IDEXY), the parent company of Zara, is launching a strategic expansion of its budget brand, Lefties, to counter the growing influence of the Chinese fast-fashion giant Shein. What Happened: Inditex is expanding its budget brand, Lefties, in response to the competitive...
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VF Corp.'s Q3 Disappointment: 4 Analysts Discuss Troubles, Transformation Plans
Wednesday, February 7, 2024 - 5:10pm | 641Shares of VF Corp (NYSE:VFC) were trading lower on Feb. 8, following the company’s worse-than-expected third quarter financial results. The company reported its third-quarter results amid an exciting earnings season. Here are some key analyst takeaways from the release. Stifel analyst...
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Why This Revolve Group Analyst Is Turning Bullish
Wednesday, January 17, 2024 - 12:59pm | 311Shares of Revolve Group Inc (NYSE: RVLV) have lost almost 19% over the past month. The company is poised for gross margin expansion, driven by more controlled inventory and likely stabilization or nominal improvements in return rates, according to Piper Sandler. The Revolve Group Analyst: Edward...
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Rent the Runway Shares Are Surging Today On Heels Of Restructuring Plan, Layoffs
Tuesday, January 9, 2024 - 12:41pm | 271Rent the Runway, Inc (NASDAQ: RENT) shares are rising after the company adopted a new restructuring plan. The New York-based clothing rental service plans to reduce its workforce by approximately 10%. The restructuring is expected to be completed by the end of the fourth quarter (Q4) of fiscal 2023...
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Retail Stocks Highlight Key Earnings For Week: What Investors Should Know About Ulta Beauty, Express, Build-A-Bear, Dollar Tree
Tuesday, November 28, 2023 - 2:32pm | 1054Several leading retail companies will report quarterly financial earnings this week, which comes shortly after the key Black Friday and Cyber Monday shopping holidays. Here's a look at some of the top companies reporting and what analysts are saying about them. Ulta Beauty Earnings: Retailer Ulta...
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Why Guess? Stock Plummeted After-Hours
Tuesday, November 21, 2023 - 6:12pm | 471Guess?, Inc. (NYSE: GES) shares were trading lower in Tuesday's after-hours session after the company reported worse-than-expected, third-quarter financial results and issued fourth-quarter adjusted earnings per share guidance below estimates. What To Know: Guess? reported quarterly earnings of...
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Nike Reportedly Taps Amazon Fashion Veteran Muge Erdirik Dogan As CTO
Friday, November 10, 2023 - 11:06pm | 579Sportswear giant Nike Inc. (NYSE:NKE) has reportedly enlisted the services of Muge Erdirik Dogan, a seasoned Amazon.com Inc. (NASDAQ:AMZN) executive, as its new chief technology officer. What Happened: Nike has recruited Dogan, an experienced executive from Amazon, for the role of CTO. ...