Category: Retail

Lululemon Stock Stretches up With Q2 Earnings

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The athletic apparel company seems in good shape as its shares rise on earnings beat…

Lululemon released its second-quarter earnings report on Thursday, revealing a very strong performance that topped Wall Street expectations. The company’s shares jumped by as much as 5% in after-hours trading on the news.

Lululemon also bumped its full-year guidance based on the recent growth of its men’s and women’s apparel sales.

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3 Reasons Why Amazon’s Shares Could Rise by 50% Over the Next Year

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One analyst believes the company’s revenue is set to soar thanks to one-day Prime shipping… 

Shares of Amazon are doing pretty well as is these days, but according to an RBC analyst, they could climb by as much as 50% in the coming year. That’s what analyst Mark Mahaney wrote to investors on Sunday evening.

Mahaney says that when Amazon launches its one-day Prime shipping across the U.S. and worldwide, it will “generate accelerating revenue and unit growth for some time.” 

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Trade War Concerns Hit Best Buy, Shares Drop 10%

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Best Buy lowered its third-quarter guidance due to economic uncertainty and tariffs on Chinese goods.

This week, Best Buy became the latest company to fall victim to fears over the ongoing trade war. The company released its second-quarter earnings report this week and overall, the results were pretty good.

The company improved its bottom line by more than 18% year over year. Earnings beat the Zacks Consensus Estimate and increased 3.5% from a year earlier. 

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Costco Closes Shanghai Store Early Due to Massive Customer Turnout

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Costco’s store opening in China caused traffic jams and safety concerns.

The ongoing trade war between the U.S. and China has gotten a lot of media attention in recent months. Many analysts have speculated whether the trade war will sour Chinese attitudes toward American businesses. 

This certainly didn’t seem to be the case when Costco opened its first mainland China store in Shanghai. Costco opened its newest store on Tuesday, and the reception was far beyond anything the company could have anticipated. 

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Target to Add Disney Magic to 25 Stores This Fall

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Can a new Disney addition help propel Target to new heights?

American mega-retailer Target is going back to the power of a long-loved brand — it plans to open new Disney shops inside 25 of its stores this fall.

According to a press release from Target, Disney fans will be able to walk into these selected locations and find a corner of the store devoted to iconic figures like Mickey Mouse as well as some of Disney’s newer beloved characters and themes in an interactive setting.

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L Brands Stock Sags Despite Perky Earnings

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L Brands tops earnings estimates but misses on sales…

L Brands released its second-quarter earnings on Wednesday. The company managed to beat expectations on profit but came up short on sales. The lower-than-expected sales were largely due to poor performance from Victoria’s Secret, which is owned by L Brands.

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Macy’s Execs Stay Upbeat After Brutal Earnings Report

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The company’s shares reached a new 52-week low after being downgraded by Guggenheim. 

Retail stocks have had a tough go of it lately. JCPenney’s stock exchange listing is in jeopardy and Macy’s, JCPenney, and Kohl’s all recently delivered uninspiring earnings reports. 

During the latest round of earnings reports, JCPenney and Kohl’s had at least some good news to share with investors. But Macy’s earnings report was particularly brutal. The company’s earnings and same-store sales fell short of forecasts. 

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Lowe’s Stock Builds on Solid Earnings Beat

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Lowe’s beats earnings and revenue estimates…

Lowe’s released its Q2 2019 earnings report on Wednesday, revealing promising numbers for the home improvement store. The press release caused the company’s stock price to jump by more than 12% in premarket trading.

Meanwhile, Lowe’s primary competitor, Home Depot, reported mixed results in its most recent earnings report.

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Walmart Q2 Earnings: What to Expect From the Retail Giant

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Will the company raise its guidance for the rest of fiscal 2020?

Walmart is the world’s largest retailer, and analysts always want to see what the company is doing next. Walmart reported positive growth over the last few years and its shares are up nearly 15% year to date. 

And this Thursday, Walmart is set to release its fiscal second-quarter earnings report. The Zacks consensus estimate has Walmart bringing in more than $130 billion in revenue and earnings of $1.21 per share.

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