Ulta Beauty on Thursday raised its full-year forecast, after reporting growth in all major categories and topping Wall Street’s quarterly sales expectations. The beauty retailer said it expects net sales of between $12 billion and $12.1 billion, up from its previous range of $11.5 billion and $11.7 billion, representing an increase from last fiscal year’s…
A sign is displayed above a Kohl’s store in Chicago on March 1, 2023. Scott Olson | Getty Images Kohl’s shares climbed more than 20% on Wednesday after the retailer topped Wall Street’s second-quarter earnings and revenue expectations, even as its sales declined and it looks for a new CEO. The Wisconsin-based department store narrowed…
When is a beat and raise not a beat and raise? That’s a question that has frustrated us this earnings season. Case in point: How about Honeywell ‘s beat and raise last week? Here’s a conglomerate splitting into three different companies, which also has a quantum computing business that’s probably more advanced than any of…
Sydney Sweeney attends the 10th Annual LACMA ART+FILM GALA at the Los Angeles County Museum of Art in Los Angeles on Nov. 6, 2021. Presley Ann | Getty Images Entertainment | Getty Images Actress Sydney Sweeney helped bring American Eagle Outfitters shares into the latest round of meme stock mania on Thursday. The “Euphoria” and…
According to CNBC’s Jim Cramer, this market is hard to pin down. On Wednesday he described a fraught environment, highlighting both positive and negative themes that are driving the action. “It’s mixed. Some good, some bad…When it gets all good, it will be too good. When it gets all bad, it’ll be too bad,” he…
Opendoor Technologies attracted sudden interest among Reddit-obsessed retail traders, who pushed up the stock price by threefold in days, but the speculative run ran out of steam on Tuesday. The online real estate startup saw shares sliding more than 12% Tuesday after surging 24% earlier in the day. It had surged more than 42% in…
The retail industry is breathing a sigh of relief after it appeared to avoid the worst case scenario on Vietnam tariffs. But some executives believe the tentative trade deal President Donald Trump announced Wednesday is still bad for business and could have a chilling effect on consumer spending. “It’s a lot better news than where…
