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
Earnings
A customer walks into a Dollar General store near Montpelier, Vermont. Adam Jeffery | CNBC Dollar General raised its full-year forecasts for sales and profit on Thursday as the discount store chain benefits from a wider selection of merchandise and store renovations, sending it shares up 8% before the bell. The outlook as well as
Best Buy shares fell 6.5% after its second-quarter revenue and same-store sales growth missed analysts’ expectations and upcoming tariffs on the company’s core products weigh on the stock. Investors were pessimistic Thursday morning, focusing on both the sales miss and a narrower estimate for same-store sales, driven by disappointing sales in Canada. However, the company
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
Autodesk president and CEO Andrew Anagnost in June 2017. CNBC Autodesk shares plunged more than 11% in extended trading on Tuesday after the software company said that the trade war could hurt its financials in the second half of the fiscal year. “While we continue to execute well and are not materially impacted by current
Pedestrians pass in front of the Tiffany & Co. flagship store on Fifth Avenue in New York, U.S., on Saturday, Nov. 26, 2016. Mark Kauzlarich | Bloomberg | Getty Images Tiffany & Co. on Wednesday reported quarterly earnings that topped analysts’ expectations but sales that missed, also maintaining its previously lowered outlook for the full
Traders work at the Coty booth on the floor of the New York Stock Exchange. Jin Lee | Bloomberg | Getty Images Coty reported a wider quarterly loss, hurt by a $3 billion writedown in value of its consumer beauty brands, a part of the cosmetics maker’s restructuring plan to turn around the business. The
Lowe’s reported second-quarter earnings that beat Wall Street’s estimates, sending its share surging by more than 7% in premarket trading. Here’s how the company did, compared with what Wall Street was expecting, according to Refinitiv consensus estimates: Adjusted earnings per share: $2.15, vs. $2.01 estimated Revenue: $20.99 billion, vs. $20.94 billion estimated Same store sales:
Back-to-school shopping at a Target store in West Hollywood, California. Joe Scarnici | Getty Images Target‘s second-quarter profit jumped 17%, beating Wall Street estimates and propelling the company to raise its outlook for the rest of the year, the company said Wednesday. CEO Brian Cornell said the company had “outstanding performance” during the first half
Elsa Hosk, Adriana Lima, Behati Prinsloo, and Candice Swanepoel pose during the finale of the 2018 Victoria’s Secret Fashion Show at Pier 94 on November 8, 2018 in New York City. Taylor Hill | FilmMagic | Getty Images Lingerie maker Victoria’s Secret dragged on parent company L Brands‘s second-quarter earnings, which topped analysts’ expectations on profit while