Wall – Page 2 – Beautifaire

25 May

Every quarter, chief executive officers from the large publicly traded fashion and retail corporations have their say — detailing their latest results and spinning them right into a growth story for Wall Street. And the stock analysts are there, hanging onto every word, remembering every promise and projection and attempting to distill all of it right down to buy or sell for his or her clients within the investment set. The flurry of research notes from analysts through the previous few weeks shows a Wall Street that's feeling at turns secure (within the rare case of Walmart Inc.), apprehensive (on luxury spending amongst more aspirational U.S. shoppers) and watchful (on turnarounds at VF Corp. and Foot Locker Inc.). Here, an annotated have a look...

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24 May

E.l.f. Beauty Smashes Through Wall Street Forecasts – WWD

by Beautifaire101

Beauty, Featured

E.l.f. Beauty continued its winning streak because it ended its financial 12 months, blowing through Wall Street forecasts in its fourth quarter as its bets on marketing and hero products paid off. Marking its seventeenth consecutive quarter of growth, the Oakland, California-based mass beauty company, whose brands include E.l.f. Cosmetics, Keys Soulcare and Well People, saw net sales jump 78 percent to $187.4 million within the three months ended March 31, surpassing analysts’ forecasts of $176 million. Net income was $16.2 million, compared with $1.6 million a 12 months earlier, while on an adjusted basis it was $23.8 million, up from $6.9 million. Adjusted diluted earnings per share were 42 cents, compared with 13 cents a 12 months earlier and way above Wall Street estimates...

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18 May

Bath & Body Works Surpasses Wall Street Forecast in

by Beautifaire101

Beauty, Featured

Bath & Body Works beat Wall Street forecast on each the highest and bottom lines on Thursday. The corporate reported net sales of nearly $1.4 billion for the primary quarter ended April 29, a decrease of 4 percent in comparison with the identical period a 12 months earlier, but above analysts’ expectations. Net income was $81 million, down from $155 million, the corporate said. Adjusted earnings per diluted share got here in at 33 cents for the primary quarter, down from 64 cents a 12 months ago, but additionally beating analyst forecasts of 26 cents. Bath & Body Works updated its full-year forecast to reflect better-than-expected bottom line results and the impact of the gain on the early extinguishment of debt in the...

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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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