Macy’s forecast annual sales largely below market expectations on Tuesday on weak demand for its apparel and shoes, and said it would close 150 stores …
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Estimates
Shopify Fends Off Temu and Shein as Sales Narrowly Beat Estimates
Shopify Inc. reported sales and profit for the fourth quarter that narrowly beat analysts’ estimates, suggesting the Canadian e-commerce giant fended off competition from Asian …
Alibaba Boosts Share Buy Back as Revenues Miss Estimates
China’s Alibaba Group Holding on Wednesday missed analysts’ estimates for third-quarter revenue, hurt by a weak retail environment and faltering economic recovery in the world’s …
Kohl’s Sales Miss Estimates as Shoppers Trim Spending on Non-Essentials
Kohl’s posted a bigger-than-expected drop in quarterly sales on Tuesday as cost-conscious shoppers chose to spend less at its department stores amid still high inflation, …
Tencent Profit Beats Estimates in Defiance of China Downturn
Tencent Holdings Ltd.’s earnings beat estimates in another sign that Chinese consumers remain willing to spend on games and entertainment during a nationwide downturn. The …
JD.com’s Revenue Beats Estimates After Discounts Drive Sales
JD.com Inc. posted a stronger-than-expected 1.7 percent rise in quarterly revenue, after heavy promotional spending propelled online transactions in the face of intense competition. Revenue …
Affirm Shares Surge After Quarterly Results Beat Estimates
Shares of Affirm Holdings surged by nearly 25 percent on Thursday as strong demand for the buy-now-pay-later (BNPL) lender’s services and higher interest rates underpinned …
Ralph Lauren Beats Sales Estimates on Steady Demand
Ralph Lauren beat Wall Street estimates for quarterly revenue on Wednesday as its younger, more affluent customer base continued to snap up its pricey shirts …
Nike Shows Sales Strength; Profit Falls Just Short of Estimates
Nike Inc. reported sales that outpaced Wall Street’s expectations while profit fell just short of estimates as the company works to sell off its high …
Nike Expected to Forecast Profit Below Wall Street Estimates
Nike is expected to forecast full-year profit below Wall Street estimates, as demand for the sportswear giant’s products from wholesalers such as Foot Locker and …
Nordstrom Beats Quarterly Sales Estimates as Apparel Demand Holds Up
Nordstrom Inc beat market estimates for first-quarter sales on Wednesday as demand from wealthy shoppers cushioned a wider, inflation-driven slowdown in spending on clothing and …
Ralph Lauren Results Top Estimates
Ralph Lauren Corp beat profit estimates and reported a surprise rise in fourth-quarter revenue on Thursday as its new seasonal collections resonated with affluent shoppers …
Amazon Reports Quarterly Revenue Above Estimates
Amazon Inc reported first-quarter revenue above Wall Street estimates on Thursday, helped by resilient demand for online shopping and its cloud services businesses. The world’s …
Next Dials Down Inflation Estimates
Next Plc shares plunged as the UK retailer warned of a challenging year ahead and repeated profit and sales will probably decline this year. The …
Lululemon Sees 2023 Sales, Profit Above Estimates on Steady Demand
Lululemon Athletica Inc forecast annual sales and profit above Wall Street estimates on Tuesday, betting that demand for its pricier yoga wear and athleisure clothing …
Macy’s Forecasts Full-Year Profit Above Estimates
Macy’s Inc forecast full-year profit largely above Wall Street estimates on Thursday, as the department store operator looks to cut back on promotions to protect …
Warby Parker Beats Revenue Estimates, Narrows Losses
The eyewear maker on Tuesday reported a 10 percent increase in revenue to $147 million in the final quarter of 2022, coming in above company …
Ralph Lauren Beats Quarterly Revenue Estimates
Ralph Lauren Corp beat Wall Street expectations for quarterly revenue on Thursday, as demand for its high-end clothing and accessories held up amid expectations of …
Amazon Beats Estimates for Quarterly Sales
Amazon.com Inc beat Wall Street estimates for quarterly sales on Thursday, as the retailer’s marketing blitz during the holiday period helped attract shoppers. Amazon tapped …
US Holiday Sales Miss Estimates as Inflation Weighs on Demand
US holiday sales rose by 5.3 percent, but fell short of estimates, as shoppers feeling the brunt of stubbornly high inflation pulled forward purchases to …