Elf Beauty raised its forecasts for annual sales and profit on Wednesday, betting on its efforts to sell cosmetics such as lip oil and liquid …
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Forecasts
THG Forecasts Slower Growth After Profit Misses Estimates
THG Plc warned that profitability missed analysts’ estimates and forecast sales growth will decelerate this year amid record commodity prices and continued uncertainty from the …
Luxury Market Growth Will Hit Low Point in 2016, Forecasts Bain
VERSAILLES, France — Growth in the more than 250 billion euro ($285 billion) personal luxury goods market should pick up next year, boosted by resurgent …
Lululemon Cuts Annual Forecasts on Tepid Us Demand, Rising Competition
Lululemon Athletica cut its annual sales and profit forecasts on Thursday, hurt by increased competition and selective consumer spending in North America for its pricey leggings …
Elf Beauty Lifts Annual Forecasts as Cosmetic, Skincare Demand Holds Up
Elf Beauty raised annual sales and profit forecasts after topping first-quarter estimates on Thursday, as more customers visited stores and websites to buy its affordable cosmetics …
Levi Strauss Posts Quarterly Revenue Miss, Maintains Annual Forecasts
Levi Strauss fell short of market expectations for second-quarter revenue on Wednesday and maintained its annual forecast for profit and revenue, on choppy demand for …
Bath & Body Works Forecasts Downbeat Annual Profit on Subdued Demand; Shares Tumble
Bath & Body Works forecast full-year profit largely below market estimates on Tuesday and said it expects annual sales to drop, signalling demand for its …
Nordstrom’s Reaffirmed Annual Forecasts Overshadow Quarterly Revenue Beat
Nordstrom on Thursday warned of an uncertain economy and said consumers were resilient but selective, after the department store owner merely maintained its annual forecasts …
Birkenstock Boosts Annual Forecasts on Full-Price Selling, Firm Demand
Birkenstock raised its annual revenue and core profit forecasts on Thursday as the German sandal maker bets on full-price selling and strong demand for its …
Ralph Lauren Names Insider Picicci as CFO, Forecasts Dull Annual Revenue
Ralph Lauren on Thursday forecast annual revenue growth below market expectations and named insider Justin Picicci as its chief financial officer, effective immediately. The apparel …
US Retail Sales Top Forecasts as Consumers Keep Fuelling Growth
US retail sales rose by more than forecast in March and the prior month was revised higher, showcasing resilient consumer demand that keeps fuelling a …
Gucci Sales Down 20% in First Quarter, Kering Forecasts
Kering’s first-quarter revenues will likely decline by 10 percent on a comparable basis, the Paris-based luxury group flagged in an unscheduled trading update Tuesday. The …
Nordstrom’s Weak 2024 Forecasts Overshadow Strong Holiday-Quarter Sales
Nordstrom forecast annual revenue and profit largely below Wall Street expectations on Tuesday, signalling a slower-than-expected rebound in demand even as consumers see some relief …
Macy’s Forecasts Annual Sales Below Estimates, to Shutter 150 Stores
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 …
Tapestry Forecasts Higher 2024 Profit on China Demand, Strong Margins
Coach parent Tapestry raised its annual profit forecast on Thursday, betting on full-price sales of its premium handbags and satchels as well as early signs …
Gulf Luxury Recommerce Market to Hit $780 Million by 2026, Chalhoub Group Forecasts
The luxury re-commerce market in the Gulf region is expected to hit a value as high as $780 million by 2026, up nearly 60 percent …
Ulta Beauty Raises Annual Forecasts, Longtime CFO Settersten to Retire
Ulta Beauty on Thursday raised the lower end of its full-year profit and sales forecasts helped by buoyant demand for luxury skincare and fragrances and …
Macy’s Rises as Profit Beats Forecasts on Improved Inventory
Macy’s Inc. reported third-quarter profit that beat expectations thanks to better inventory management, though same-store sales fell for a third straight quarter. The results underscore …
Burberry Shares Fall 10 Percent As Company Forecasts Lower Full-Year Sales
Burberry will be unable to meet its full-year revenue guidance if softer demand in the global luxury market continues, the British luxury company said Thursday. …
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 …