Costco Wholesale reported quarterly revenue below Wall Street estimates on Thursday, as the U.S. hypermarket chain struggled to attract shoppers in the competitive grocery space. Costco and other U.S. grocers are slashing prices while investing heavily in stores and online operations to defend their share of the market as Amazon.com and Walmart expand aggressively. The
Earnings
A woman grabs a bottle of Diet Pepsi in Atlanta, Georgia. Chris Rank | Bloomberg | Getty Images PepsiCo on Thursday announced quarterly earnings and revenue that topped expectations. Shares of the food and beverage giant jumped 3% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on
GoPro CEO Nick Woodman Photo by Josh Edelson GoPro on Wednesday cut its revenue and profit forecasts for the rest of the year, hit by a delay in production of its latest Hero8 Black cameras, triggering a 19% drop in its shares. The company, which launched two new cameras including a ramped-up version of its
Stitch Fix‘s active client base grew 18% year over year, reaching 3.2 million people, the online styling service said when it reported earnings after the bell on Tuesday. That’s about in-line with the 3.23 million analysts were expecting, according to FactSet. This number tracks the total number of users who’ve received a box of clothing
New homes for sale by Lennar home builders. Getty Images Lennar reported a better-than-expected profit on Wednesday, as cheaper mortgage rates led to higher demand for its homes. The No. 2 U.S. homebuilder’s shares rose more than 2% before the opening bell. The company said its orders, a key indicator of future revenue, rose 8.5%
Pedestrians cross a street in front of a Rite Aid store in Oakland, California. David Paul Morris | Bloomberg | Getty Images Rite Aid’s stock surged by about 9% in pre-market trading Thursday after reporting better-than-expected earnings under new CEO Heyward Donigan. The pharmacy chain’s overall sales, however, fell short of analysts’ forecasts for its
An employee works next to shoes on display inside the flagship store of sporting-goods giant Nike in Shanghai on March 16, 2017. Johannes Eisele | AFP | Getty Images Nike on Tuesday reported quarterly earnings and sales that topped analysts’ expectations, as investments it’s made to sell more directly to customers showed signs of paying
A shopper makes a purchase at a Best Buy store in Corpus Christi, Texas. Eddie Seal | Bloomberg | Getty Images Best Buy is targeting $50 billion in revenue by fiscal 2025, the company announced Wednesday morning ahead of a meeting with investors in New York. The company also said in a press release it
Shoppers At Niketown Store In San Francisco. David Paul Morris | Bloomberg | Getty Images Nike‘s stock is on pace to open at an all-time high on Wednesday morning after hitting one in extended trading on Tuesday, on the heels of the company’s better-than-expected earnings report. Shares were last up nearly 6%, trading around $92.15.
Todd Haselton | CNBC Canada’s BlackBerry on Tuesday cut the top end of its current fiscal-year revenue forecast and posted lower-than-expected quarterly revenue, hit by weak demand for its software amid increasing competition. U.S.-listed shares of the company fell nearly 12% before the bell. Once known for its phones, BlackBerry has pivoted to selling software
A worker pushes Amazon.com Inc. packages in front of a FedEx Corp. delivery truck in New York. Christopher Lee | Bloomberg | Getty Images Shares of FedEx fell more than 7% Tuesday after the company missed quarterly earnings estimates and lowered its 2020 guidance. Here’s how the company did for its fiscal first quarter, ended
General Mills’ Cheerios for sale on a store shelf. Lisa Baertlein | Reuters Cheerios maker General Mills Inc’s quarterly sales fell short of Wall Street estimates on Wednesday, hit by weak demand for its baking products and snacks in the United States and challenges in key emerging markets such as Brazil and India. The company,
Shantanu Narayen, CEO of Adobe, attends a media event in Mumbai on May 3, 2017. Abhijit Bhatlekar | Mint | Hindustan Times | Getty Images Adobe shares fell as much as 4% on Tuesday after hours, as the company reported better-than-expected fiscal third quarter earnings and soft quarterly guidance. Here’s how the company did: Earnings:
Chewy shares fell 2% in extended trading Tuesday despite reporting a narrower-than-expected second quarter loss. The pet food and product retailer posted net sales of $1.15 billion, topping estimates of $1.13 billion, according to a survey of analysts by Refinitiv. Sales also grew 43% from last year. The company’s second quarter loss widened to $82.9
TransferWise co-founders Taavet Hinrikus and Kristo Kaarmann. TransferWise Financial technology firm TransferWise booked a profit for the third year in a row, a rare show of growth for an industry littered with start-ups that have struggled to break even. The London-based company said on Wednesday that its net profit after tax climbed to £10.3 million
The Abercrombie & Fitch store at South Park mall in Charlotte, North Carolina. Chris Keane | Reuters Abercrombie & Fitch cut its full-year sales forecast on Thursday after missing Wall Street estimates in the second quarter, as the apparel maker grapples with the impact of increased U.S. tariffs on Chinese goods. Shares of the New
Cans of Campbell Soup Co. Campbell’s chicken noodle and tomato soup. Andrew Harrer | Bloomberg | Getty Images U.S. food company Campbell Soup reported better-than-expected fourth-quarter profit, benefiting from cost cuts, sending shares up 5% before the bell. To better focus on its mainstream soup and snack businesses, Campbell has been streamlining its operations by
Oracle said Mark Hurd, one of the software vendor’s two CEOs, is taking a leave of absence for health reasons, nine years after joining the company from Hewlett-Packard. The stock dropped in extended trading after the announcement. Larry Ellison, Oracle’s founder and chief technology officer, will handle Hurd’s responsibilities along with Safra Catz, the other
Customers outside a Game Stop store. Guido Krzikowski | Bloomberg | Getty Images Shares of GameStop fell more than 15% in extended trading Tuesday after the company reported second quarter earnings and sales that missed analysts’ expectations while significantly lowering its same-store sales forecast. The company has been struggling to grow sales as consumers increasingly
Lululemon is doing some heavy lifting after reporting earnings. The yoga apparel stock was up more than 7% after the bell Thursday following a profit and revenue beat in its recent quarter. Shares have surged more than 50% this year, one of the top performers on the Nasdaq 100. Miller Tabak equity strategist Matt Maley says