Nike misses revenue expectations for the first time in two years, beats on earnings and gross margin

Nike reported revenue Thursday that fell in need of Wall Street’s gross sales expectations for the first time in two years, however it beat on earnings and gross margin estimates.
Costco on Tuesday reported quarterly earnings that topped Wall Street’s expectations, as buyers turned to the membership membership for groceries however purchased fewer big-ticket gadgets. On an earnings name, Chief
Continue ReadingCostco tops quarterly earnings expectations, even as sales remain soft
Larry Ellison, Oracle’s chairman and know-how chief, speaks on the Oracle OpenWorld convention in San Francisco on September 16, 2019. Justin Sullivan | Getty Images Oracle shares moved about 5%
Continue ReadingOracle comes up short on revenue but touts AI cloud contracts
A buyer enters a Lululemon retailer on June 02, 2023 in Corte Madera, California. Justin Sullivan | Getty Images Lululemon raised its full-year guidance Thursday after reporting an 18% jump
Continue ReadingLululemon sees sales and profit jump 18%, boosts full-year guidance
Salesforce CEO Marc Benioff walks with different attendees as they depart a morning session on the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 12, 2023.
Continue ReadingSalesforce shares pop on earnings beat and optimistic forecast
A consumer pushes a cart with a TV in entrance of a Best Buy retailer in Chicago, Illinois, November 25, 2022. Jim Vondruska | Reuters Best Buy on Tuesday surpassed
Continue ReadingBest Buy scales back sales outlook as results top expectations
Nordstrom begins the method of closing its shops in Canada with the primary day of a sale on the Eaton Centre in Toronto. March 21, 2023. Steve Russell | Toronto
Gap reported blended outcomes on Thursday and underwhelming current-quarter steerage because the longtime mall retailer warned of an “unsure shopper” and posted another quarter of declining sales across all 4
Shares of Dollar Tree fell on Thursday and hit a 52-week low, after the retailer mentioned clients’ procuring lists have largely narrowed to meals and requirements. The discounter joins a
Continue ReadingDollar Tree’s shares sink, as CEO says ‘difficult’ economy is pressuring discounter
An Abercrombie & Fitch retailer in San Francisco. Getty Images Shares of Abercrombie & Fitch soared in premarket buying and selling, after the retailer crushed Wall Street’s earnings and gross