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 …
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Profit
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 …
Inditex’s Nine-Month Profit Soars 32.5%, Sales Growth Slows Down
Zara owner Inditex said on Wednesday its net profit jumped 32.5 percent jump in February-October, but the fast fashion giant’s sales growth in the nine-month …
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 …
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 …
Shiseido Slashes Profit Forecast on Fukushima Water Release
Shiseido Co. slashed its full-year profit forecast on slower demand from Chinese consumers following the release of treated radioactive water at Fukushima. The Japanese cosmetics …
Pandora Raises Sales Forecast After Q3 Profit Beat
Danish jewellery maker Pandora reported a smaller than expected drop in third-quarter profit on Wednesday as more shoppers came to its stores, and raised its …
Primark Owner Sees Bigger Fashion Profit as Inflation Fades
Associated British Foods Plc said profit will rise at Primark as lower raw material and freight costs boost the performance of the low-cost fashion chain. …
Zalando Nearly Doubles Operating Profit in Q2 on Better Order Economics
Zalando, Europe’s biggest online fashion retailer, said on Thursday that it had nearly doubled its operating profit level in the second quarter on better order …