US SEC Preparing to Eliminate Quarterly Reporting Requirement, WSJ Says
The proposal would give companies the option to share results twice a year.
earnings-report
Financial Markets
Op-Ed | For Burberry, a Brexit Boost Is not Enough
Burberry has benefited from the slump in sterling that has made its checked scarves cheaper to travelling consumers. But that wasn't enough to offset difficulties elsewhere.
Op-Ed | For Burberry, a Brexit Boost Is not Enough
Burberry has benefited from the slump in sterling that has made its checked scarves cheaper to travelling consumers. But that wasn't enough to offset difficulties elsewhere.
Financial Markets
Burberry Sales Miss Estimates as Demand Dwindles in US
Burberry said that the relative strength of the US dollar had driven a strong increase in sales from US customers abroad, while demand at home was reduced.
Burberry Sales Miss Estimates as Demand Dwindles in US
Burberry said that the relative strength of the US dollar had driven a strong increase in sales from US customers abroad, while demand at home was reduced.
Financial Markets
Uniqlo Parent Fast Retailing's Profit Increases Amid Global Expansion
The results show cost cuts by chairman Tadashi Yanai are allowing the retailer to push margins up amid sluggish demand that caused sales to drop in two of three months last quarter.
Uniqlo Parent Fast Retailing's Profit Increases Amid Global Expansion
The results show cost cuts by chairman Tadashi Yanai are allowing the retailer to push margins up amid sluggish demand that caused sales to drop in two of three months last quarter.
Financial Markets
Gildan Tops Fourth-Quarter Profit Forecasts
Gildan shares have declined slightly more than 2 percent since the beginning of the year. The stock has decreased nearly 1 percent in the last 12 months.
Gildan Tops Fourth-Quarter Profit Forecasts
Gildan shares have declined slightly more than 2 percent since the beginning of the year. The stock has decreased nearly 1 percent in the last 12 months.
Beauty
Kohl's Quarterly Profit Beats On Higher Margins
Net sales dropped 2.8 percent to $6.21 billion, falling for the fourth straight quarter.
Kohl's Quarterly Profit Beats On Higher Margins
Net sales dropped 2.8 percent to $6.21 billion, falling for the fourth straight quarter.
Financial Markets
L Brands Tops Fourth-Quarter Profit Forecasts
L Brands Inc. on Wednesday reported fiscal fourth-quarter net income of $631.7 million.
L Brands Tops Fourth-Quarter Profit Forecasts
L Brands Inc. on Wednesday reported fiscal fourth-quarter net income of $631.7 million.
Financial Markets
Avon Reports Fourth-Quarter Loss
The direct seller of cosmetics posted revenue of $1.57 billion in the period, which did not meet Street forecasts.
Avon Reports Fourth-Quarter Loss
The direct seller of cosmetics posted revenue of $1.57 billion in the period, which did not meet Street forecasts.
Financial Markets
Columbia Sportswear Tops Fourth-Quarter Profit Forecasts
The maker of outdoor gear posted revenue of $717.5 million in the period, which fell short of Street forecasts.
Columbia Sportswear Tops Fourth-Quarter Profit Forecasts
The maker of outdoor gear posted revenue of $717.5 million in the period, which fell short of Street forecasts.
Financial Markets
Puma Predicts Profit Jump as Bolt and Rihanna Assist Resurgence
Puma said operating profit in 2017 will rise at least as fast as last year, when three big global sports events and better sales of women’s wear helped the measure jump by a third.
Puma Predicts Profit Jump as Bolt and Rihanna Assist Resurgence
Puma said operating profit in 2017 will rise at least as fast as last year, when three big global sports events and better sales of women’s wear helped the measure jump by a third.
Financial Markets
Amazon Revenue Misses Estimates as Holiday Sales Fall Short
Amazon Web Services revenue was $3.5 billion in the fourth quarter, up 47 percent from a year earlier.
Amazon Revenue Misses Estimates as Holiday Sales Fall Short
Amazon Web Services revenue was $3.5 billion in the fourth quarter, up 47 percent from a year earlier.
Beauty
Estée Lauder Tops Second-Quarter Profit Forecasts
The beauty products company posted revenue of $3.21 billion in the period, falling short of forecasts.
Estée Lauder Tops Second-Quarter Profit Forecasts
The beauty products company posted revenue of $3.21 billion in the period, falling short of forecasts.
Financial Markets
Alibaba Raises Forecast as Chinese Consumers Continue to Spend
The company increased its projection for fiscal 2017 revenue growth to 53 percent, from 48 percent previously.
Alibaba Raises Forecast as Chinese Consumers Continue to Spend
The company increased its projection for fiscal 2017 revenue growth to 53 percent, from 48 percent previously.
The News in Brief
Kering Unveils New Jewellery Unit, Merges Fashion Brand Reporting
Kering’s newly created jewellery division regroups Boucheron, Pomellato, Dodo and Qeelin brands as the company aims to pool resources. The conglomerate is also regrouping fashion brand reporting, shielding smaller labels from investor scrutiny.
Bondholders Approve Saks Global’s Five-Year Business Plan
Saks is moving towards exiting bankruptcy and tapped an additional $300 million of its Chapter 11 financing package.
Luxury Stocks Face Most Bearish Sentiment in Years, UBS Says
War in the Middle East, the luxury industry’s fastest-growing market, threatens to delay a long-expected rebound in demand.
Trump Signs Order to Combat Fraudulent ‘Made in America’ Labels, White House Says
The executive order directs the FTC chairman to prioritise enforcement of existing laws against sellers and manufacturers who falsely claim products are made in America.
Lanvin Deputy CEO Siddhartha Shukla Exits Brand
Owner Lanvin Group said it is ‘fully committed’ to the French label’s development under creative director Peter Copping, with CEO Andy Lew in charge of management.
Ulta Beauty Forecasts Annual Profit Below Estimates
Shares declined in after-hours trading as the beauty retailer expressed a cautious outlook for 2026.
Exclusive: Brita Invests in Shower Filter Firm Hello Klean
The German water filtration firm has acquired a minority stake in Hello Klean, which sells shower heads it claims mitigate the effects of hard water.