Bath & Body Works Beats Wall Street Forecasts in

16 Nov

Bath & Body Works beat Wall Street forecasts on the highest and bottom lines within the third quarter, however the crucial holiday season just isn't looking so strong. The retailer reported net sales of $1.56 billion for the third quarter ended Oct. 28, a decrease of two.6 percent in comparison with a 12 months ago, but above Wall Street estimates for $1.55 billion. Net income was $119 million, up from $91 million in 2022. Adjusted earnings per diluted share was 48 cents, again beauty analysts’ forecasts for 35 cents. Nevertheless, the corporate downgraded its full-year sales forecast. It now expects net sales to say no 2.5 percent to 4 percent. Previously it had forecast a drop of between 1.5 percent and three.5 percent. The...

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18 Oct

P&G Beats Wall Street Forecasts in Q1 – WWD

by Beautifaire101

Beauty, Featured

P&G Beats Wall Street Forecasts in Q1 – WWD

Procter & Gamble beat Wall Street forecasts in the primary quarter on the back of upper pricing. The buyer goods giant, whose brands include Oral-B, Head & Shoulders, Olay, Gillette, SK-II and Pampers, saw first quarter fiscal yr 2024 net sales are available at $21.9 billion, up 6 percent versus a yr ago and barely above Wall Street forecast of $21.58 billion. Earnings per share were $1.83, also surpassing estimates of $1.72. “We delivered very strong leads to the primary quarter of fiscal yr 2024, putting us on the right track to deliver towards the upper end of our fiscal yr guidance ranges for organic sales and core EPS growth,” said Jon Moeller, chairman of the board, president and chief executive officer. “The...

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2 Aug

E.l.f. Beats Wall Street Estimates, Raises Full-year Forecasts –

by Beautifaire101

Beauty, Featured

E.l.f. Beats Wall Street Estimates, Raises Full-year Forecasts –

E.l.f. Beauty began fiscal 2024 with a bang. The Oakland, California-based beauty company, whose brands include Well People and Soulcare in addition to its namesake cosmetics and skincare lines, once more blew through Wall Street estimates on each the highest and bottom lines, allowing it to lift its full-year forecasts. Net sales increased 76 percent to $216.3 million for the three months ended June 30, compared with $122.6 million a 12 months earlier, primarily driven by strength in each retailer and e-commerce channels. Analysts polled by Factset had on average penciled in sales to are available in at $206 million. “This marks our 18th consecutive quarter of delivering each net sales growth and market share gains. We're one in all only five publicly traded...

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25 May

Reading the Tea Leaves and Decoding Wall Street’s Tackle Fashion

by Beautifaire101

Beauty, Featured

Reading the Tea Leaves and Decoding Wall Street’s Tackle Fashion

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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