Procter & Gamble raised its annual profit forecast on lower commodity costs and as consumers, particularly in the United States and Europe, kept buying its …
Profit
Levi Strauss Lifts Profit Forecast on Cost Savings, Less Discounts
Levi Strauss raised its annual profit forecast on Wednesday, citing the apparel maker’s recent cost savings from job cuts and less aggressive discounts on its …
H&M Profit Beats Estimates as Spring Range Draws Shoppers
Hennes & Mauritz AB posted better-than-expected profit in the first quarter as it cut costs and introduced new spring looks that proved more attractive to …
Lululemon Sees Annual Sales, Profit Below Estimates on Weaker Accessories Demand
Apparel retailer Lululemon Athletica on Thursday forecast annual revenue and profit below expectations, pressured by sluggish demand for the company’s premium athleisure and accessories. Shares …
Next Expects £1 Billion Profit From Higher-Spending Shoppers
Next Plc expects profit to expand to nearly £1 billion ($1.3 billion) this year as rising wages free up British shoppers to spend more on …
Ulta Beauty’s Annual Profit Forecast Misses Estimates as Costs Climb
Ulta Beauty on Thursday forecast full-year profit below Wall Street estimates after elevated supply chain costs and increased promotions hurt margins, sending its shares down …
Ferragamo’s Operating Profit Down 44% as It Works to Revive Sales
Operating profit at Salvatore Ferragamo almost halved last year from 2022, weighed down by investments the Italian luxury goods group sustained as part of efforts to …
Bath & Body Works Projects Downbeat FY Sales, Profit on Slowing Demand
Bath & Body Works forecast annual sales and profit below analysts’ expectations on Thursday as consumers scaled back spending on non-essential items like candles and …
Mercado Libre Slumps Most in Two Years on Profit Shortfall
Mercado Libre Inc., the Latin American e-commerce and payments giant, fell the most in nearly two years after posting fourth-quarter earnings that fell short of …
Oriflame Bonds Fall Further Into Distress as Profit Slides 84%
Oriflame Holding AGâs debt is sliding further into distressed territory after the cosmetics seller reported a drop in revenue and profit, with some bondholders consulting …
Hearst Profit Falls 2% Due to Declines in TV and Print Media
Hearst Corp., the closely held owner of Harper’s Bazaar and other publications, said profit last year fell 2 percent short of 2022′s record as weakness …
China’s Consumer Slump Claims Another Victim as Shiseido Profit Slides
Shiseido became the latest victim on Friday of a slowing Chinese economy that has battered earnings at many global consumer goods companies, when the Japanese …
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 …
Vans Owner VF Corp Misses Quarterly Profit Expectations
VF Corp reported third-quarter profit below expectations and said its CFO Matt Puckett will be stepping down later this year, sending the Vans sneaker maker’s …
Estée Lauder Slashes Annual Profit Forecast and Plans to Cut 3-5% of Jobs
MAC lipstick maker Estée Lauder slashed its annual profit forecast on Monday and announced a restructuring programme aimed at cutting about 3 percent to 5 …
Hugo Boss Shares Sink as Profit Disappoints
Hugo Boss shares sank 11 percent on Tuesday after its fourth quarter operating profit missed expectations, adding to signs of strain among fashion brands, though …
Burberry Plunges as Company Slashes Profit Forecast
Burberry Group Plc slumped after the UK trenchcoat maker slashed its profit forecast due to a drop in sales in the key Christmas quarter. Adjusted …
Walgreens Profit Beats Wall Street as Sales Rise Amid Cost Cuts
Walgreens Boots Alliance Inc. reported fiscal first-quarter earnings and sales ahead of Wall Street expectations as its new chief executive slashed the troubled drugstore chain’s …
JD Sports Issues Profit Warning and Blames Weather for Weak Sales
JD Sports Fashion Plc slashed its profit forecast as it blamed unseasonable weather and cautious consumer spending for weak sales during the crucial period leading …
Next Bullish on Profit After Festive Surge
Next Plc raised its profit forecast for the fifth time since June and said it will grow even more next year after the British home …