Latest news with #firstquarter
The Herald
6 days ago
- Business
- The Herald
Victoria's Secret says cyber incident led to temporary website shutdown
Victoria's Secret on Tuesday disclosed that a security incident relating to its information technology systems had led it to temporarily shutdown its website for a few days last week. The company said it shut down corporate systems and e-commerce website on May 26 and immediately enacted response protocols to contain and prevent unauthorised network access. Its website was restored on May 29. The lingerie maker said the breach did not impact its financial results for the first quarter or cause a material disruption to its operations, but the second quarter could be hit by the additional expenses incurred following the incident. It even said it expects first-quarter sales and adjusted diluted earnings per share to meet or exceed the higher-end of its previously issued forecast. Victoria's Secret, however, delayed its first-quarter results, scheduled on June 5, saying the restoration process of its website prevented employees from accessing certain systems and information needed for the release of the results.
Wall Street Journal
29-05-2025
- Business
- Wall Street Journal
Economy Shrank Less Than Initially Thought in First Quarter
The U.S. economy shrank slightly less in the first quarter than initially thought, new government data showed. Gross domestic product, a broad measure of the goods and services produced across the U.S., contracted at a 0.2% rate in January through March, the Commerce Department said Thursday. The rate is seasonally and inflation-adjusted. The department estimated a month ago that first-quarter GDP contracted at a 0.3% rate. GDP estimates are routinely revised as more data comes in. Imports rose slightly more than initially expected, increasing at a 42.6% annual rate as companies sought to get ahead of tariffs, compared to an earlier estimate of 41.3%. The first-quarter GDP was the first contraction in three years, and the numbers signify how companies were rushing to get ahead of President Trump's announced tariffs.
Washington Post
08-05-2025
- Business
- Washington Post
Evolent Health: Q1 Earnings Snapshot
ARLINGTON, Va. — ARLINGTON, Va. — Evolent Health Inc. (EVH) on Thursday reported a loss of $64.6 million in its first quarter. On a per-share basis, the Arlington, Virginia-based company said it had a loss of 63 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 6 cents per share.
Wall Street Journal
08-05-2025
- Business
- Wall Street Journal
Aperol Maker Campari's Sales Miss Expectations Amid Tariff Threats
Davide Campari CPR 0.97%increase; green up pointing triangle-Milano reported first-quarter sales that missed analysts' expectations at a rocky time for the beverage industry given global trade tensions and falling demand after a spike in alcohol consumption during the pandemic. The Italian liquor group said Thursday that it made net sales of €665.6 million euros ($752.3 million) for the first quarter, an increase of 0.3% in reported terms but a decline of 4.2% on an organic basis compared with the prior-year period.
Times
08-05-2025
- Business
- Times
InterContinental Hotels thanks The White Lotus for strong growth
The owner of the Holiday Inn chain of hotels has reported solid first-quarter results with strong demand in Europe and the Middle East offsetting continued decline in China. InterContinental Hotels Group said it was on track to meet full-year 2025 consensus profit expectations, as global revenue per available room (revpar), a key industry metric, jumped 3.3 per cent for the first quarter compared with 3 per cent over the whole of last year. The FTSE 100 hotels operator behind Kimpton and Crowne Plaza reported a revpar increase of 5.6 per cent and 6.2 per cent in Europe and the Middle East respectively, offsetting sluggish demand in China, where the figure was down by 3.5 per cent — similar to the past quarter. The East Asia
