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Tag: fiscal

Nike (NKE) reports Q3 fiscal 2020 earnings hurt by China, coronavirus

Nike reported quarterly sales that topped analysts’ expectations, thanks to a boost from its digital business and growth in North America, which helped to offset weakness in China due to COVID-19.  Its shares shot up more than 8% in after-hours trading Tuesday following the release.  Chief Executive Officer John Donahoe said the business is starting to …

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Stitch Fix (SFIX) reports second quarter fiscal 2020 sales miss

Katrina Lake, CEO of Stitch Fix Adam Jeffery | CNBC Stitch Fix shares tumbled more than 40% Monday after the personal styling service reported quarterly sales that missed analysts’ estimates and issued a disappointing outlook for the current quarter and full year. In a separate letter to shareholders, Stitch Fix said it now expects net revenue …

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Indiamart plans IPO, process to begin next fiscal, Retail News, ET Retail

New Delhi: E-commerce firm Indiamart is planning to launch its initial public offer for which it will start the process next fiscal, a top official of the company today said. “We will go for IPO soon. Basically, we are not in need to raise external money but we want to give an exit route to …

Indiamart plans IPO, process to begin next fiscal, Retail News, ET RetailRead More

Walmart (WMT) reports Q4 fiscal 2020 earnings

Walmart reported fiscal fourth-quarter earnings fell short of analysts’ estimates, as the retailer saw weak demand for toys, apparel and video games during the holiday season. Its outlook for the upcoming year also came up short of expectations, as Walmart anticipates e-commerce growth will slow. Walmart said the forecast doesn’t include any impact from the …

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Under Armour (UAA) fiscal fourth-quarter 2019 earnings miss estimates

An Under Armour store front is seen on November 04, 2019 in Sunrise, Florida. Joe Raedle | Getty Images Under Armour is calling for sales to drop in 2020, as it struggles to rally shoppers behind its sweat-wicking shirts and training sneakers, faced with heightened competition from Nike and Lululemon. The company also said Tuesday …

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Nandan Nilekani-backed ShopX sees $1 billion GMV this fiscal, Retail News, ET Retail

PUNE: Nandan Nilekani-backed retail network company ShopX said it would cross $1 billion in annualised gross merchandise value (GMV) by the end of the current fiscal year, making it the first company operating in this segment to do so. ShopX works with small retailers to help digitise their operations. Amit Sharma, CEO, ShopX told ET …

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Bed Bath & Beyond withdraws fiscal outlook; delays store closures

Bed Bath & Beyond said it will reveal its strategic plan in early 2020 as it swung to a third-quarter loss with sales and earnings that missed Street expectations. The embattled retailer also said it would delay closing 20 of its namesake stores until after the first half of fiscal 2020 in order to sell …

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Bed Bath & Beyond withdraws fiscal outlook; delays store closures

Bed Bath & Beyond said it will reveal its strategic plan in early 2020 as it swung to a third-quarter loss with sales and earnings that missed Street expectations. The embattled retailer also said it would delay closing 20 of its namesake stores until after the first half of fiscal 2020 in order to sell …

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Walgreens off to ‘soft start’ in new fiscal year

Walgreens Boots Alliance did not come running out of the gate in its first fiscal quarter as earnings tumbled amid international and pharmacy challenges.  Walgreens earned $845 million in the period ended Nov. 30, down from $1.12 billion in the year-ago quarter. Earnings adjusted for one-time items totaled $1.37 per share. Analysts expected, on average, …

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Lululemon (LULU) reports fiscal Q3 2019 earnings beat

Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai. Alex Tai | SOPA Images | LightRocket | Getty Images Lululemon on Wednesday reported quarterly earnings and sales that topped analysts’ estimates, as more shoppers around the world picked up its yoga pants and sports bras. And its men’s business continued to grow. But …

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