06:45 GMT - Friday, 07 February, 2025
L’Oréal SA’s fourth-quarter sales fell short of analysts’ estimates after demand in the US failed to make up for a continued downturn in China. Sales overall rose 2.5 percent on a comparable basis in the period,
Posted 10 hours ago by inuno.ai
Ralph Lauren raised its annual revenue forecast on Thursday as the apparel maker bet on younger shoppers picking up its spring collection of dresses, floral dinner jackets and Polo shirts, sending its shares up 15 percent.
Posted 13 hours ago by inuno.ai
Canada Goose Holdings trimmed its annual profit forecast and missed quarterly revenue estimates on Thursday due to choppy sales in key luxury goods market China, sending its US-listed shares down 6 percent in premarket trading. Weak
Posted 15 hours ago by inuno.ai
Capri Holdings Ltd. shares dropped after the luxury apparel and accessories company gave guidance below Wall Street expectations, saying a turnaround will take time. The parent to Michael Kors, Versace and Jimmy Choo brands expects fiscal
Posted 1 days ago by inuno.ai
Booming AI budgets seemed at risk last week when DeepSeek crashed Nvidia’s stock based on speculation that its cheaper AI models would lower demand for AI chips and data centers. Alphabet CEO Sundar Pichai has certainly
Posted 2 days ago by inuno.ai
Apple’s latest earnings were a mixed bag, with slipping iPhone sales countered by rising revenue. Reporting after the bell Thursday, the iPhone maker’s overall revenue in the first quarter of 2025 beat Wall Street expectations, with
Posted 6 days ago by inuno.ai
Apple’s iPhone sales may be down, but the company’s Services division, which includes the App Store, iCloud, Music, TV+, and other subscriptions, is still soaring. The Cupertino-based tech giant reported Thursday its Services business had an
Posted January 31, 2025 by inuno.ai
Spanish fashion and fragrance company Puig reported a 14.3 percent rise in fourth-quarter sales on Thursday, beating analyst expectations for the key holiday period. The Barcelona-based company behind perfume brands Rabanne, Carolina Herrera and Jean Paul
Posted January 30, 2025 by inuno.ai
Deckers Outdoor on Thursday raised its annual net sales forecast for a second time, after beating third-quarter sales estimates, as it benefited from strong demand for its Hoka running shoes in the US during the holiday
Posted January 30, 2025 by inuno.ai
Meta employees typically vote on which questions executives should address at companywide meetings. Ahead of such a gathering scheduled for Thursday, several of the most-endorsed questions were related to DEI. But Meta leadership have told employees
Posted January 30, 2025 by inuno.ai
Italian luxury goods group Salvatore Ferragamo said on Thursday its revenue dropped by 4 percent at constant currencies in the fourth quarter, flagging “encouraging results” from its direct-to-consumer sales which were overall flat in the last
Posted January 30, 2025 by inuno.ai
SiriusXM reported revenue from subscribers fell by nearly 4%, while ad revenue held flat for the full year in 2024, as the satellite radio company’s nascent streaming app failed to jump-start its subscribers as hoped. The
Posted January 30, 2025 by inuno.ai
Levi Strauss & Co.’s shares fell after the clothing company delivered weaker than expected full-year guidance, forecasting a revenue decline that follows a year of mixed earnings reports. The San Francisco-based retailer is expecting revenue to
Posted January 30, 2025 by inuno.ai
Hennes & Mauritz AB shares declined as the company posted weaker-than-expected sales growth, showing chief executive officer Daniel Erver’s turnaround strategy for the Swedish fast-fashion retailer faces hurdles. Sales, which edged up 3 percent in local
Posted January 30, 2025 by inuno.ai
Threads, Meta’s microblogging service, is growing at a fast pace as users gravitate to the app over rivals like X. During the company’s fourth-quarter earnings presentation on Wednesday, CEO Mark Zuckerberg revealed that Threads now has
Posted January 30, 2025 by inuno.ai
LinkedIn, the social platform where people look for and talk about work, may be less visible in Microsoft’s earnings compared to the years when it was an independent company. But around earnings time, LinkedIn often reveals
Posted January 30, 2025 by inuno.ai
Vans parent VF Corp turned a profit after two consecutive quarterly losses and beat second-quarter sales estimates on Monday, benefiting from sequential improvement in its direct-to-consumer business and leaner inventory, sending its shares up about 16
Posted January 30, 2025 by inuno.ai
Apparel and footwear maker VF Corp beat third-quarter revenue and profit estimates on Wednesday, helped by efforts to revive demand and refresh the product lineup of its Vans, North Face and Timberland brands. Shares of the
Posted January 29, 2025 by inuno.ai
Luxury bellwether LVMH beat expectations on Tuesday with a 1 percent rise in fourth-quarter sales as demand for designer fashion and handbags picked up over the holiday season, adding to hopes the sector has turned a
Posted January 28, 2025 by inuno.ai
Burberry Group Plc shares surged after a pickup in US demand boosted the trench-coat maker’s results, raising investor hopes for a luxury-market recovery. Retail sales fell 4 percent on a comparable basis, Burberry said in a
Posted January 24, 2025 by inuno.ai
As the global luxury industry flounders amid tepid consumer demand this year, Mytheresa continues to buck the trend. The luxury e-tailer finished its fiscal year, which ended in June, with sales up 10 percent to €841
Posted January 24, 2025 by inuno.ai
Puma shares slid 18 percent on Thursday after the German sportswear brand reported lower than expected fourth-quarter sales and a decline in annual profit, raising questions about its ability to compete against bigger rivals Adidas and
Posted January 23, 2025 by inuno.ai
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