GameStop, a popular video game retailer, recently reported its first-quarter financial results which failed to showcase any signs of operational improvement. The company disclosed a significant decline in net sales, dropping by 29% to $881.8 million from $1.237 billion in the previous year. This decrease in sales was more prominent than what Wall Street analysts
Earnings
Lululemon, the athletic apparel giant, recently reported flat comparable sales in its largest market, the Americas. This news comes as a disappointment following the company’s impressive earnings beat. While the earnings per share exceeded expectations at $2.54 compared to $2.38 expected, the revenue only slightly topped estimates at $2.21 billion versus $2.19 billion expected. Despite
Dollar Tree recently announced that it is exploring the possibility of selling its Family Dollar brand, which focuses more on groceries. This decision comes after the company revealed plans to close nearly 1,000 Family Dollar stores in an effort to revamp the struggling business. During the first quarter of its fiscal year, the discounter shut
Monzo, the British digital challenger bank, has reached a significant milestone by reporting its first full year of profitability. The fintech startup revealed in its annual financial results that it achieved pre-tax profits amounting to £15.4 million ($19.6 million) in the 2023-2024 fiscal year. This marks a remarkable turnaround from the previous year, where Monzo
Costco Wholesale has exceeded Wall Street’s expectations for its third-quarter earnings, showcasing a robust financial performance driven by increased sales and lower operating expenses. The company reported a total revenue of $58.52 billion for the fiscal 2024 third quarter, marking a 9.1% year-over-year increase and surpassing analysts’ estimates. Additionally, earnings per share came in at
Best Buy’s quarterly sales performance has been a mixed bag, with missed sales expectations but higher profits and lower costs. Despite softer demand for consumer electronics, the retailer managed to beat earnings per share estimates and maintained its full-year forecast. CEO Corie Barry remains cautiously optimistic about the future, anticipating industry stabilization in 2024 and
Kohl’s, a prominent retail chain, witnessed a staggering drop in its shares by more than 20% during premarket trading on Thursday. The reason behind this downfall was the company’s unexpected loss per share, which was significantly lower than what Wall Street had anticipated. Analysts had predicted a profit of 4 cents per share, but Kohl’s
Abercrombie & Fitch shocked the retail world with its exceptional first-quarter performance, marking its strongest quarter in history. The company reported a remarkable 22% increase in sales compared to the previous year, with profits soaring nearly seven times higher than anticipated by Wall Street analysts. This unprecedented success has propelled Abercrombie & Fitch as a
Tuesday’s Morning Meeting livestream with Jim Cramer highlighted the incredible performance of Nvidia, as the Nasdaq surpassed 17,000 for the first time ever. Shares of Nvidia rose 5% on Tuesday, continuing their upward trajectory from last week’s rally. Jim Cramer noted that Nvidia is gaining significant mindshare, potentially leading investors to prioritize this stock over
The CNBC Investing Club’s Morning Meeting livestream with Jim Cramer provided a recap of key moments on Friday. The market saw a rebound after a “really bad day” on Thursday, with Wall Street bouncing higher. Bond yields rose on “good economic data being viewed as bad news,” causing a late-day decline. Despite this, Nvidia saw