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Pullback Tag

28 Nov

Shiseido Stock Plummets On account of Chinese Consumer Pullback

by Beautifaire101
Beauty, Featured
PARIS — Shiseido stock closed down at a 16-year low in Tokyo on Monday after the corporate reduced its profit guidance for 2023 on the back of a weakness in China and travel retail within the third quarter. The Japanese beauty giant’s stock ended the day Monday at minus 14.3 percent, at 4,185 yen, or $27.57. The corporate on Friday released third-quarter results, citing negative growth within the three months to Sept. 30. That was especially as a consequence of consumer pullback on Japanese products in China and travel retail due to Japan’s release of treated water into the Pacific Ocean. This summer, Japan began a controversial discharge of treated waste water from the disabled Fukushima Daiichi Nuclear Power Station. Japan has maintained...
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16 Aug

Goal’s Discretionary Pullback Results in Profit Gains, But Outlook Cut

by Beautifaire101
Beauty, Featured
Goal Corp. turned in a really profitable second quarter and simply topped bottom line expectations, after cutting inventory and pulling back on discretionary categories like apparel.  But a cautious consumer and sales weakness is anticipated to catch as much as the retailer, which also cut its outlook for the yr. Net income for the quarter shot up greater than 4 times to $835 million, or $1.80 a diluted share, from $183 million, or 39 cents, a yr earlier.  Earnings per share got here in 37 cents ahead of the $1.43 analysts expected, in keeping with FactSet. Still revenues for the three months ended July 29 fell 4.9 percent to $24.8 billion from $26 billion. And comparable sales dropped 5.4 percent with growth within the...
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