Breaking News: Earnings

The Nike logo is displayed at a Nike Well Collective store on February 16, 2024 in Glendale, California. Mario Tama | Getty ImagesNike on Thursday reported holiday sales that beat estimates, helped by better than expected growth in North America.Here's how the company performed compared with what Wall Street was anticipating, based on a survey of analysts by LSEG, formerly known as Refinitiv:Earnings per share: 77 cents vs. 74 cents expectedRevenue: $12.43 billion vs. $12.28 billion expectedThe company's reported net…

Lululemon on Thursday reported holiday earnings that topped expectations, but the athletic apparel retailer's guidance came in below estimates as its growth in North America stagnates.Here's how company did in its fourth fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG, formerly known as Refinitiv:Earnings per share: $5.29 vs. $5.00 expectedRevenue: $3.21 billion vs. $3.19 billion expectedThe company's reported net income for the three-month period that ended Jan. 28…

Shoppers walk in front of a Kohl's store in Mount Kisco, New York.Scott Mlyn | CNBCKohl's said Tuesday that it's teaming up with the owner of Babies R Us to bring baby gear, furniture and more to approximately 200 of its stores across the country.The retailer struck a licensing deal with WHP Global, a brand management firm with a portfolio that includes Bonobos, Joe's Jeans and Anne Klein. The two companies did not disclose the terms of the agreement.Kohl's said the first Babies R Us shops will open this August and expand…

Ron Coughlin, chief executive officer of Petco Animal Supplies Inc., outside the Nasdaq MarketSite during Petco Health & Wellness Co. initial public offering (IPO) in New York, Jan. 14, 2021.Michael Nagle | Bloomberg | Getty ImagesPetco announced Wednesday that its CEO, Ron Coughlin, is stepping down, and said board member and Best Buy executive R. Michael Mohan will take over as interim chief executive as the company searches for a permanent replacement. Coughlin will serve as an advisor to the board to "support the…

Dick's Sporting Goods raised its dividend by 10% on Thursday as the company posted its largest sales quarter in its history and projected another year of growth.The company's shares jumped more than 15% in intraday trading. CEO Lauren Hobart said on an earnings call Thursday that Dick's sales growth came from bigger tickets — either higher prices or more expensive items — as its transactions were flat.Many retailers benefited from a 53rd week in fiscal 2023, but Dick's said it still broke records during its fiscal fourth…

A general view of an Old Navy store. Gap Inc.Gap's largest banner Old Navy returned to growth for the first time in more than a year during its holiday quarter as the retailer delivered earnings on Thursday that came in well ahead of Wall Street's expectations. Sales at Old Navy grew 6% to $2.29 billion, and Gap's overall gross margin surged 5.3 percentage points to 38.9% thanks to fewer markdowns and lower input costs. Analysts had expected a gross margin of 36%, according to StreetAccount. Shares of Gap jumped about 5%…

Mandel Ngan | Afp | Getty ImagesCostco on Thursday missed Wall Street's revenue expectations for its holiday quarter, despite reporting year-over-year sales growth and strong e-commerce gains.Shares of the retailer fell about 4% in aftermarket trading. The retailer's stock had hit a 52-week high earlier in the day.The company offered few details on its quarterly performance in a news release, but will hold an investor call at 5 p.m. ET.Here's what the retailer reported for its fiscal second quarter of 2024 compared with…

American Eagle on Thursday announced a new strategy to boost profitable growth over the next three years, as the retailer said it wrote off $94 million in impairment charges related to its internal logistics business Quiet Platform.The company also reported holiday earnings that beat Wall Street's expectations thanks to strong demand and lower markdowns and input costs. Here's how American Eagle did in its fourth fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG,…

An Abercrombie & Fitch store in New York, US, on Monday, Nov. 20, 2023. Abercrombie & Fitch Co. is scheduled to release earnings figures on November 21. Stephanie Keith | Bloomberg | Getty ImagesAbercrombie & Fitch said Wednesday that its holiday-quarter sales jumped 21%, and the apparel retailer expects its growth story will continue as it issued better-than-expected sales guidance.Here's how Abercrombie did in its fourth fiscal quarter compared with what Wall Street was anticipating, based on a survey of…

The Foot Locker logo is displayed in a store on May 19, 2023 in San Francisco, California. Justin Sullivan | Getty ImagesShares of Foot Locker fell in premarket trading Wednesday after the sneaker retailer reported a holiday-quarter loss and issued weak guidance for the current year.Here's how the company did in its fourth fiscal quarter, compared with estimates from analysts surveyed by LSEG, formerly known as Refinitiv:Earnings per share: 38 cents adjusted vs. 32 cents expectedRevenue: $2.38 billion vs. $2.28 billion…