Tag

Guidance

All articles tagged with #guidance

business1 month ago•2 min saved

Macy's rides Q2 momentum, lifts full-year outlook on turnaround

Macy’s reported a stronger Q2 with total comparable sales up 2.7% (flagship +1.1%), led by reimagined stores; Bloomingdale’s comps rose 11.3% and Bluemercury 6.2%. Revenue was $4.87B with net income of $169M and adjusted EPS of 40 cents. The firm raised full-year guidance to net sales of $21.68–$21.83B, comps of 1%–1.5%, and EPS of $2.15–$2.35, aided by roughly $0.05 per share from tariff refunds (~$116M) to be reinvested in the customer experience and turnaround plan.

via CNBC|

#business #earnings #guidance

stocks1 month ago•19 min saved

Lululemon’s delayed leadership helps explain its stock slide

Yahoo Finance argues Lululemon’s stock decline stems from a bungled leadership transition: CEO Heidi O’Neill’s start date was pushed to Sept. 8, leaving interim co-CEOs to steer through inventory issues and missteps that have eroded market share to newer brands. The company posted weak Q2 results and slashed full-year guidance, forecasting a 10%–11% revenue drop and a 20% plunge in leggings sales, contributing to a roughly 20% drop on the day and a 42% decline this year as analysts warn a long turnaround may be needed.

via Yahoo Finance|

#ceo #earnings #guidance

finance1 month ago•9 min saved

Lululemon slides on weak China and North America sales, trims full-year outlook

Lululemon Athletica Inc. shares fell about 17% after a softer Q2: revenue $2.4 billion (-4% YoY) and comparable sales down 9%, prompting a cut to full-year revenue guidance to $10.35–$10.5 billion and EPS of $9.48–$9.73 (the Q2 EPS was $2.92, aided by a $0.86 tariff-refund benefit). Gross margin rose to 60.5% thanks to tariff refunds, but operating income declined 13% to $453.7 million. Third-quarter guidance of $2.29–$2.32 billion in revenue and $0.93–$0.98 in EPS also came in below expectations. The weakness was driven by China comps down ~8% and North America down ~12% (leggings down ~20%), with analysts like Bank of America noting little clear inflection point yet.

via Yahoo! Finance Canada|

#china #earnings #finance

finance1 month ago•18 min saved

Lululemon Drops as Tariff Refunds Mask Sales Slump

Lululemon’s stock fell about 18% premarket after Q2 revenue of $2.42 billion, down 4% year-over-year and comps down 9%, with diluted EPS of $2.92 vs. $3.10 a year ago. A tariff refund of $134.5 million boosted margins, helping to lift gross and operating margins, but Americas revenue fell 8% while international was up 4%. Operating income declined 13% and margins tightened. Full-year revenue guidance was cut to $10.35–$10.50 billion with EPS guidance of $9.48–$9.73; third-quarter revenue guidance sits at $2.29–$2.32 billion. Incoming CEO Heidi O’Neill is set to start next week.

via finance.yahoo.com|

#earnings #finance #guidance

business1 month ago•2 min saved

Lululemon slides on Q2 miss as new CEO prepares to take the helm

Lululemon posted a disappointing Q2 with revenue down 4% to $2.42 billion and comparable-store sales down 9%, prompting it to cut its full-year guidance. For Q3, management expects revenue of $2.29-$2.32 billion and 93–98 cents in earnings per share; for the full year, revenue is forecast at $10.35-$10.5 billion and EPS of $9.48-$9.73, aided slightly by tariff refunds. Net income was $329.2 million ($2.92 per share) on revenue of $2.42 billion; gross profit fell 1% to $1.5 billion, though gross margin rose 5.6% thanks to a $134.5 million tariff refund. Interim CEO Meghan Frank cited negative social-media commentary and slower demand in core categories like leggings, while the company focuses on new styles and tighter inventory ahead of Heidi O’Neill taking the CEO role next week. Shares slid about 15% on the news.

via CNBC|

#apparel #business #earnings

business1 month ago•19 min saved

Snowflake beats estimates, lifts outlook as AI momentum accelerates

Snowflake delivered a stronger-than-expected Q2 with adjusted EPS of $0.62 on $1.55 billion in revenue (up 35% year over year) and raised its full-year product revenue guidance to $6.07 billion (about 36% YoY). The company highlighted AI-driven growth, with product revenue up 37% YoY and accelerating momentum across its CoCo and CoWork offerings, 692 net new customers (up 32% YoY) and 829 Forbes Global 2000 customers. For Q3 FY2027, Snowflake guided product revenue of roughly $1.588–$1.593 billion (about 37–38% YoY). CFO noted accelerating growth while expanding operating margins, and analysts called the beat-and-raise a sign of a healthier, broad-based AI-driven cycle. Shares climbed about 23% in premarket trading.

via Yahoo Finance|

#ai #business #data-cloud

technology1 month ago•16 min saved

MongoDB Tops Earnings; Shares Dip on Growth Outlook

MongoDB posted a strong Q2 with revenue up 30% to about $771.8 million and adjusted earnings of $1.90 per share, and it raised full-year revenue guidance to $2.99–$3.03 billion and EPS guidance to $6.39–$6.58, but the stock still fell as investors weighed growth pace and valuation.

via Barron's|

#earnings #guidance #mdb

finance1 month ago•17 min saved

Broadcom’s AI-driven earnings beat isn’t enough to lift the stock on soft guidance

Broadcom topped expectations with Q3 adjusted EPS of $3.32 on $29.6 billion in revenue (up 86% YoY) and AI semiconductor revenue of $16.7 billion (up 221% YoY), but guidance for the next quarter of about $34.8 billion fell short of the $35.05 billion consensus, spurring after-hours selling and leaving investors unsatisfied despite strong AI demand. CEO Hock Tan cited robust data-center AI demand, and analysts say the beat wasn’t large enough to justify a bigger move given Broadcom’s AI exposure; the stock is modestly higher year-to-date versus Nvidia’s rally.

via Yahoo Finance|

#ai #avgo #broadcom

markets1 month ago•30 min saved

Broadcom stock slips after strong AI-driven results miss on forecast

Broadcom posted Q3 EPS of $3.32 on revenue of $29.6B (up 86% YoY), with AI semiconductor revenue jumping 221% YoY to $16.7B, but guided for the current quarter at $34.8B revenue, below the $35.05B consensus, prompting a roughly 4% after-hours slide as investors digest the softer outlook despite the strong AI-driven growth.

via Yahoo Finance|

#ai #avgo #broadcom

business1 month ago•1 min saved

Snowflake beats estimates as CoCo AI drives higher guidance

Snowflake topped Q2 revenue and adjusted EPS expectations, highlighted momentum from its CoCo AI coding agent with 9,100 accounts, and raised fiscal Q3 product revenue and full-year targets, sending the stock higher after the report.

via CNBC|

#business #coco-ai #earnings

technology1 month ago•19 min saved

Nvidia blindsides analysts with a 70% FY28 growth forecast

Nvidia beat Q2 results (EPS $2.22 on revenue $96.2B) and raised its long‑term outlook with a 70% revenue growth target for FY2028, well above Wall Street’s roughly 63% forecast. The out-year guidance followed a strong data-center performance (and other segments), with Q3 revenue guided to $105.8–$110.1B—above expectations—though memory-chip shortages remain a constraint.

via Yahoo Finance|

#data-center #earnings #fy28

finance1 month ago•20 min saved

NVIDIA Beats Q2, Lifts Guidance, Yet Margin Concerns Push Shares Down

NVIDIA topped Q2 estimates with revenue of $96.2B and adjusted EPS of $2.22, as data-center sales jumped about 117% to roughly $89B; it issued a Q3 revenue guide of about $108B above expectations (assuming no China revenue). CEO Jensen Huang said AI compute demand is at an inflection point, but gross margins are expected to shrink to 71–72% by Q4 due to memory costs, leading to a weak after-hours move despite the strong results.

via Yahoo Finance|

#data-center #earnings #finance

business1 month ago•3 min saved

Best Buy lifts full-year outlook after strong Q2 as Bonfig prepares to lead

Best Buy topped expectations in Q2, raising its full-year outlook as comparable sales rose 4.1% and adjusted earnings beat, with Q2 revenue of $9.78B and adjusted EPS of $1.47; the retailer now sees FY revenue of $42.3B-$42.8B and adjusted EPS of $6.70-$6.90, as incoming CEO Jason Bonfig takes the helm on Nov. 1 and the company emphasizes AI and smaller-format stores to sustain growth amid tariff-driven costs.

via CNBC|

#best-buy #business #consumer-electronics

technology1 month ago•20 min saved

Intuit Stock Dips After Strong Q4 as AI Strategy Sparks Skepticism

Intuit beat Q4 estimates with adjusted EPS of $4.03 on revenue of $4.35B, but issued FY2027 guidance of $22.88–$23.12 per share on $23.3–$23.5B revenue, well below consensus due to including stock-based compensation. CEO Sasan Goodarzi says the company will use price competition to gain market share amid AI expansion, a stance that contributed to the stock’s drop after the report.

via Barron's|

#ai #earnings #guidance

finance1 month ago•20 min saved

Dick's Sporting Goods Drops After Soft Q2 and Lowered Guidance

Dick's Sporting Goods (DKS) shares plunged after reporting weaker-than-expected second-quarter results and cutting its full-year sales and profit outlook. The company posted Q2 revenue of $5.59 billion and adjusted EPS of $3.53, missing estimates of about $5.64–$5.65 billion in sales and $3.76–$3.78 in EPS. Foot Locker weakness weighed on the print, and Dick's lowered full-year revenue guidance to $21.9–$22.2 billion with adjusted EPS around $11.50. Management signaled more cautious promotions in athletic footwear and apparel amid softer consumer demand, and the stock is down roughly 35% year-to-date.

via Yahoo Finance|

#dicks-sporting-goods #dks #earnings