All articles tagged with #sales outlook
Originally Published 2 months ago — by Investor's Business Daily
Novo Nordisk's stock declined after cutting its sales forecast due to slower growth in its diabetes and obesity treatments, amid increased competition from Eli Lilly and efforts to expand market presence, including potential acquisition of Metsera and development of an oral GLP-1 drug.
Originally Published 2 months ago — by Sherwood News
Super Micro reported disappointing Q1 results with lower-than-expected sales and earnings but raised its full-year sales forecast to $36 billion. Meanwhile, AMD exceeded expectations in Q3 with strong sales and guidance, driven by demand for CPUs and strategic partnerships, despite shares dipping slightly after hours.
Originally Published 3 months ago — by CNBC
Darden Restaurants reported mixed quarterly results with a net income increase and strong sales growth driven by its brands like Olive Garden and LongHorn Steakhouse, and raised its revenue growth forecast for 2026, though its shares fell 6% premarket.
Originally Published 5 months ago — by MarketWatch
Cava's stock plummeted after the company lowered its full-year sales forecast due to economic uncertainty and a 'fog' over consumer confidence, despite some recent sales momentum and strategic investments in automation and store redesigns.
Originally Published 5 months ago — by CBS News
Wendy's has lowered its sales forecast for 2025 due to increased competition and economic uncertainty impacting consumer spending, especially among lower-income customers. Despite some recovery from new product offerings, overall demand remains sluggish, with Wendy's facing challenges in effectively communicating value compared to competitors like McDonald's, which has successfully expanded its value menu to attract budget-conscious consumers.
Originally Published 6 months ago — by CNBC
Kroger's shares rose about 10% after raising its full-year sales outlook, driven by increased demand for lower-priced store brands and home-cooked meals, despite ongoing legal and competitive challenges. The company reported a strong first quarter with a 3.2% increase in identical sales, growth in private label brands, and a focus on cost reduction and store closures to improve profitability.
Originally Published 1 year ago — by Bloomberg
Adobe's stock fell after the company released a disappointing sales outlook for the fiscal year ending November 2025, raising concerns about potential competition from AI-based startups. The company projected revenue of $23.4 billion and adjusted earnings of $20.20 to $20.50 per share, falling short of analysts' expectations of $23.8 billion in sales and $20.52 per share in earnings.
Originally Published 1 year ago — by CNBC
American Airlines has reduced its sales outlook and announced the departure of its chief commercial officer, Vasu Raja, next month. The airline now expects unit revenues to fall by up to 6% in the second quarter and has lowered its adjusted earnings estimate. This comes as American Airlines lags behind competitors Delta and United Airlines in financial performance. CEO Robert Isom plans to discuss changes to the company's ticket distribution strategy to boost direct bookings.
Originally Published 1 year ago — by Yahoo Finance
Adobe Inc. saw its stock drop by as much as 12% in premarket trading after issuing a weak sales outlook for the current quarter, citing concerns about competition from new AI startups. The company's revenue forecast of $5.25 billion to $5.3 billion fell short of analysts' average estimate of $5.31 billion, leading to investor disappointment. Adobe has been integrating its proprietary AI model, Firefly, into products like Photoshop and Illustrator to address competition, but concerns about new generative AI-based startups like OpenAI have reignited fears. The company is aiming to monetize its new AI features and plans to increase these efforts in the second half of the year, while also announcing a new $25 billion share buyback program.
Originally Published 1 year ago — by MarketWatch
Hasbro's stock plunged 11.9% after reporting fourth-quarter results that fell short of expectations, with net losses widening to $1.06 billion and revenue dropping 23.2% to $1.29 billion. The company expects declines in 2024 revenue for both the Consumer Products and Wizards of the Coast business segments, contributing to a downbeat sales outlook. Inventory was halved, and the stock is on track to suffer its biggest one-day decline since March 2020.
Originally Published 2 years ago — by Investor's Business Daily
Super Micro Computer (SMCI) raised its sales and earnings guidance significantly for the December quarter, expecting sales of $3.6 billion to $3.65 billion and adjusted earnings per share of $5.40 to $5.55, citing strong market and end customer demand for their rack-scale, AI, and total IT solutions. As a result, SMCI stock surged 6.3% in after-hours trading and has been consolidating for more than 22 weeks at a buy point of 357.
Originally Published 2 years ago — by MarketWatch
FedEx's stock plunged 10.2% in premarket trading after the company missed earnings expectations and lowered its full-year sales outlook. This drop is expected to shave about 174 points off the Dow Jones Transportation Average's price, accounting for a 1.1% decline. Combined with a decline in shares of rival United Parcel Service, the total price decline of FedEx and UPS shares would cut the Dow transports price by 201 points, or 1.25%.
Originally Published 2 years ago — by Yahoo Finance
Adobe Inc. has given a lukewarm sales outlook for 2024, disappointing investors who were expecting new generative artificial intelligence (AI) tools to quickly boost the company's results. The software giant's revenue is projected to be around $21.4 billion in 2024, falling short of analysts' estimates of $21.7 billion. Adobe's digital media unit, which includes popular software like Photoshop and Illustrator, also missed expectations for annual recurring revenue. The company's conservative outlook suggests that it may take longer than anticipated to see significant contributions from its generative AI products. Adobe is currently facing regulatory hurdles for its planned acquisition of design software startup Figma Inc. and is also under investigation by the US Federal Trade Commission for its subscription cancellation practices.
Originally Published 2 years ago — by Investor's Business Daily
Adobe beat expectations for its fiscal fourth quarter earnings but disappointed with its sales outlook. The company reported adjusted earnings of $4.27 per share on sales of $5.05 billion, with year-over-year increases of 19% and 12% respectively. However, for the current quarter, Adobe predicted adjusted earnings of $4.38 per share on sales of $5.13 billion, falling short of Wall Street's expectations. The company also provided a weaker-than-expected forecast for its full fiscal 2024. As a result, ADBE stock fell 6.2% in after-hours trading. Additionally, the pending acquisition of Figma is facing regulatory hurdles, adding further uncertainty for Adobe.
Originally Published 2 years ago — by CNBC
Foot Locker shares rose as the retailer reported surprise earnings and sales beats, along with a more positive sales outlook. The company narrowed its full-year forecast, expecting a smaller sales drop and same-store sales decline. Foot Locker's third-quarter net income was $28 million, with adjusted earnings per share of 30 cents, beating expectations. The retailer attributed its improved performance to turnaround initiatives and strong results over the Thanksgiving weekend. However, Foot Locker still faces challenges such as ongoing consumer uncertainty, softness in consumer spending, and increased competition from direct-to-consumer brands.