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22 Apr

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

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

Luxury Gets Top Dollar in Wall Street Rush to Safety

Luxury Gets Top Dollar in Wall Street Rush to Safety
Wall Street may not at all times appreciate the romance of fashion — but when investors are good at anything, it’s poring over the numbers as they work out just where to place their money.  To gauge the total financial weight of a business, they often have a look at enterprise value — the mixture of all of the debt an organization has raised and the present value of all of its stock, minus any money readily available.  That boils an organization’s value all the way down to the entire money it’s managed to draw from debt and equity investors, extending that value to any stock that doesn’t float on the open market.  It’s how much you’d need to pay to purchase an...
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8 Jan

Fashion Stocks Seek Redemption After Wall Street Fallout

Fashion Stocks Seek Redemption After Wall Street Fallout
Wall Street has all the time been a roller coaster —  however the ups and downs have all change into supersized, leaving fashion to barrel into 2023 with greater than slightly stock market whiplash.   Investors are ceaselessly gauging the prospects of all the pieces, taking within the economy, the buyer, latest products, strategy and performance and boiling it all the way down to a single data point — the all-important stock price.   And while ups and downs are expected as individual firms and sectors surge ahead or because the economy cools, something more is occurring.  The investment crowd fundamentally reset expectations for the buyer sector in 2022 as e-commerce growth slowed, inflation and rates of interest skyrocketed and recession loomed. Last yr also...
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26 Dec

Ulta Surpasses Wall Street Forecasts, Upgrades Full Yr Forecast

Ulta Surpasses Wall Street Forecasts, Upgrades Full Yr Forecast
Higher prices on the checkout usually are not deterring shoppers from stocking up on makeup and skincare at Ulta Beauty. After beating Wall Street estimates on the highest and bottom lines within the third quarter, the Bolingbrook, Illinois-based beauty retailer has once more increased its full-year outlook despite soaring inflation and fears that the U.S. could fall right into a recession next 12 months. Ulta can be encouraged by sales trends it has seen to date in the course of the crucial holiday season despite jitters in the broader retail world, with major firms including Goal, with which it has a partnership, downgrading forecasts. “While predicting holiday shopping patterns this 12 months is difficult, I'm optimistic in regards to the opportunity for Ulta...
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