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Holiday Quarter

All articles tagged with #holiday quarter

business1 year ago

"Dick's Sporting Goods Surpasses Expectations, Raises Dividend, and Soars in Stock"

Dick's Sporting Goods reported its largest sales quarter in its history, with earnings per share of $3.85 and revenue of $3.88 billion, surpassing Wall Street estimates. The company's net income for the quarter was $296 million, up from $236 million a year earlier. Same-store sales rose 2.8%, exceeding analyst expectations, and the company raised its dividend by 10%. Dick's expects earnings per share for fiscal 2024 to be between $12.85 and $13.25, with revenue projected to be between $13 billion and $13.13 billion. CEO Lauren Hobart expressed optimism for the year ahead, citing industry-leading assortment and strong execution.

via CNBC|
#business#dicks-sporting-goods#dividend
business-retail1 year ago

"Target's Paid Membership Program Sparks Turnaround Despite Sales Decline"

Target reported better-than-expected holiday quarter results, with revenue growing nearly 2% and net income expanding by nearly 58%. The company also announced plans to launch a paid membership program, Target Circle 360, offering same-day delivery and personalized deals to rival Amazon and Walmart's offerings. Despite a challenging year with sluggish sales, Target is optimistic about the potential sales recovery through its new membership program and product launches.

via Yahoo Finance|
#amazon#business-retail#holiday-quarter
business-retail2 years ago

"Lululemon and Abercrombie Exceed Holiday Quarter Targets Amid Strong Demand"

Lululemon and Abercrombie & Fitch have raised their holiday quarter forecasts, indicating strong demand despite budget constraints. Both companies saw success with fresher styles and limited inventory, leading to higher full-price sales. Lululemon now expects fourth-quarter revenue to be between $3.17 billion and $3.19 billion, while Abercrombie forecasts a high teens percentage range increase in net sales. Other retailers, such as Crocs and American Eagle Outfitters, also saw positive stock movements after raising their holiday-quarter revenue forecasts.

via Yahoo Finance|
#abercrombie-and-fitch#business-retail#holiday-quarter
business2 years ago

Lululemon's Holiday Quarter Outlook Disappoints, Stock Falls

Lululemon's stock fell in after-hours trading after the company provided guidance for the holiday quarter that fell below analysts' expectations. While the company reported strong third-quarter performance with increased sales and improved margins, its forecasted revenue and earnings for the fourth quarter were lower than consensus estimates. Lululemon's direct-to-consumer revenue accounted for 41% of sales, and the company opened 14 new stores during the quarter. Despite the uncertain macro environment, Lululemon remains focused on driving long-term growth and creating value for stakeholders.

via Seeking Alpha|
#business#earnings#guidance
business2 years ago

Apple's Sales Forecast and Challenges: India Emerges as a Potential Market

Apple forecasts flat sales for the holiday quarter, disappointing investors and causing a decline in its stock price. The company reported better-than-expected earnings for its fiscal fourth quarter but provided lackluster guidance for the December quarter. Apple expects total company revenue to be similar to last year, with iPhone sales expected to grow despite supply constraints. Several Wall Street firms have lowered their price targets on Apple stock. CEO Tim Cook discussed the upcoming Apple Vision Pro mixed-reality headset, which is set to launch in early 2024.

via Investor's Business Daily|
#apple#business#holiday-quarter