Italian luxury group Brunello Cucinelli on Monday posted a 29.1 percent increase in 2022 revenue at current exchange rates, a touch above its latest guidance …
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Forecast
Lululemon Tumbles After Lowering Profitability Forecast
Lululemon Athletica Inc. shares tumbled after the maker of fitness wear lowered its guidance for gross margin, stoking fears about profitability for a second-straight quarter. …
Abercrombie & Fitch Lifts Holiday Quarter Sales Forecast
Abercrombie & Fitch Co raised its holiday quarter sales forecast on Monday on strong demand for its brands during the peak holiday selling period, sending …
Lululemon Raises Annual Revenue Forecast on Strong Demand for Sportswear
Lululemon Athletica Inc raised full-year revenue forecast on Thursday, signaling strong demand from affluent US consumers for its high-priced yoga pants, running shorts and belt …
Primark Owner Sticks to Forecast of Lower Profit in 2022-23
Associated British Foods said trading at its Primark fashion retail business had made an “encouraging” start to the 2022-23 year as it reiterated a forecast …
Farfetch Stock Plunges Following 2023 Forecast
Farfetch on Thursday said it expects to return to growth next year after reporting its first year-on-year decline in sales on its platforms in the …
Nordstrom Cuts Profit Forecast on Soaring Costs
Nordstrom Inc. trimmed its annual profit forecast on Tuesday, signaling that steep discounts on outdated inventory, coupled with higher operating costs and supply chain pressures, are …
Amazon Shares Plunge on Forecast for Sluggish Holiday Sales
Amazon.com Inc. projected sluggish sales for the holiday quarter as the e-commerce giant contends with slower growth and consumers cutting their spending in the face …
Kohl’s Falls After Fresh Forecast Cut on Inflation Pressure, Sephora to Expand Into Kohl’s Stores
Kohl’s Corp. shares sank after the company slashed full-year earnings and sales guidance for the second straight quarter as inflation suppresses demand and costs continue …
On Lifts Forecast on North America
Roger Federer-backed footwear maker On Holding AG raised its full-year earnings forecast after seeing a boom in North America sales and reducing a dependence on …
US Retail Sales Top Forecast
US retail sales climbed in June by more than forecast in a broad advance, suggesting resilient consumer spending despite decades-high inflation and raising the prospects …
Capri Raises Full-Year Profit Forecast
Michael Kors owner Capri Holdings Ltd raised its full-year profit forecast on Wednesday, signalling robust demand for its luxury goods as higher-income consumers return to …
Nordstrom Defies Retail Slump With Higher Results Forecast, Shares Jump
Nordstrom Inc. raised its annual profit and revenue forecasts on Tuesday as the upscale retailer counts on demand from affluent consumers to help it overcome decades-high …
Tapestry Cuts Profit Forecast as China Lockdowns Bite
Tapestry lowered its full-year profit forecast on Thursday as fresh lockdowns in major market China hurt sales of its luxury handbags and apparel, sending its …
UK Retail Sales Fall More Than Forecast as Prices Bite
UK retail sales plunged more than forecast in March as the cost-of-living crisis squeezed incomes and consumers braced for higher taxes and energy bills. The …