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16 Nov

Macy’s Profits Top Expectations Despite Decline

by Beautifaire101
Beauty, Featured
Shares of Macy’s Inc. shot up 12.4 percent to $14.17 in premarket trading on Thursday because the retailer showed some unexpected strength on the underside line because it navigated a troublesome sales environment.   The corporate’s adjusted earnings per share fell to 21 cents within the third quarter from 52 cents a yr earlier, but that was well ahead of the breakeven performance analysts had penciled in, based on FactSet.  Net income fell 60 percent to $43 million, or 15 cents a diluted share, from $108 million, or 39 cents, a yr earlier. Revenues for the three months ended Oct. 28 decreased 7.8 percent to $5 billion from $5.5 billion a yr earlier.   Jeff Gennette, chairman and chief executive officer of Macy’s, said: “We delivered...
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22 Apr

P&G Beats Wall Street Expectations, Awaiting Return of Travel

by Beautifaire101
Beauty, Featured
Procter & Gamble beat Wall Street expectations on the highest and bottom lines, but profits were bolstered partly by price hikes and it still isn’t seeing the recovery in travel retail that it had hoped for. The buyer goods giant reported third-quarter fiscal-year 2023 net sales of $20.1 billion, a rise of 4 percent versus the prior 12 months. Analysts polled by Factset forecast $19.3 billion. Organic sales, which exclude the impacts of foreign exchange and acquisitions and divestitures, rose 7 percent. Diluted net earnings per share were $1.37, a rise of three percent versus the prior 12 months, beating Wall Street expectations for $1.32. Net earnings were $3.4 billion for the quarter. P&G raised its guidance for fiscal 2023 all-in sales to grow...
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27 Oct

Unilever Sales Beat Expectations within the Third Quarter –

by Beautifaire101
Beauty, Featured
Unilever Sales
Unilever Sales Unilever Sales underlying sales growth picked up pace within the third quarter of 2022, spurred by price inflation with a limited impact to volume, causing the group to lift its guidance again for the complete 12 months. The maker of brands starting from Dove and Tatcha to Ben & Jerry’s and Magnum generated sales of 15.8 billion euros within the three months ended Sept. 30, up 10.6 percent on an organic basis and 17.8 percent in reported terms versus the identical prior-year period. The organic growth got here in 260 basis points ahead of monetary analysts’ consensus, in response to Bruno Monteyne, an analyst at Bernstein, in a note. Unilever’s price growth has improved for seven consecutive quarters, reaching 12.5 percent in...
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