Latest news with #salesforecast
Bloomberg
3 days ago
- Business
- Bloomberg
Lululemon Projects Lower-Than-Expected Growth for Second Quarter
Lululemon Athletica Inc. forecast sales that missed Wall Street's expectations for the current quarter, a sign that the upscale athletic-wear company's growth is waning as higher tariffs and lower confidence erode consumer spending. The company expects sales to be in the range of $2.54 billion to $2.56 billion for its current fiscal second quarter, lower that the average of analyst estimates. It also trimmed its full-year profit outlook.
Bloomberg
28-05-2025
- Business
- Bloomberg
Salesforce Raises Annual Sales Outlook, Suggesting AI Payoff
Salesforce Inc. raised its annual sales forecast, signaling that its AI agent product is on a path to contribute significant revenue. For the year ending in January 2026, Salesforce sees revenue of $41 billion to $41.3 billion from an earlier forecast of $40.5 billion to $40.9 billion.
Bloomberg
21-05-2025
- Business
- Bloomberg
Stock Movers: Target, TJX, UnitedHealth
On this episode of Stock Movers: - Target (TGT) shares are lower this morning after the company cut its sales forecast due to a weaker-than-expected quarter, with comparable sales dropping 3.8% and net sales expected to decline by a low single digit this year. he company is taking steps to drive traffic back into its stores and website, including management reshuffles, a new "multiyear acceleration office", and a focus on offering new items and key products at a good value. - Lowe's (LOW) moved upwards this morning after comparable sales beat expectations in the latest quarter, despite a 1.7% dip, and the company expects the key sales metric to be flat to up 1% this year. The results suggest that US consumers have maintained home spending despite economic turbulence, with many deferring big projects due to high interest rates but pursuing smaller ones. - TJX (TJX), the parent of T.J. Maxx and other retailers, saw shares fa;; after the company's guidance missed average analyst estimates for the second quarter. It posted a profit of $1.04 billion for fiscal first quarter, which is down slightly from $1.07 billion in the same quarter last year. - UnitedHealth Group (UNH) is on the downswing today amid another bad press report. The Guardian reported that the health insurer secretly paid nursing homes to reduce hospital transfers for ailing residents.
Malay Mail
13-05-2025
- Automotive
- Malay Mail
Nissan reports massive US$4.5b loss, confirms 20,000 job cuts
TOKYO, May 13 — Japanese automaker Nissan posted a huge annual net loss of ¥671 billion (RM19.4 billion) on Tuesday while confirming reports that it planned to cut 20,000 jobs worldwide. The struggling firm did not issue a net profit forecast for the financial year that began in April but said it expected sales of ¥12.5 trillion. — AFP
Reuters
08-05-2025
- Business
- Reuters
Molson Coors cuts forecasts as beer demand hurt by tariff-led recession worries
May 8 (Reuters) - Molson Coors (TAP.N), opens new tab cut its annual forecasts for sales and profit on Thursday, in anticipation of a hit to demand for its Coors and Miller beer brands as consumers cut back discretionary spending due to tariff-led recession worries. The company, which is in search of a new CEO, also missed market expectations for its first-quarter results, sending its shares down about 8% in early trading. U.S. consumers have been paring back on discretionary spending such as alcohol amid elevated prices, with flip-flops in U.S. trade policy stoking recession worries. Peer Constellation Brands (STZ.N), opens new tab had last month forecast downbeat sales and profit for fiscal 2026. "Uncertainty around the effects of geopolitical events and global trade policy, including the impacts on economic growth, consumer confidence and expectations around inflation and currencies, has pressured the beer industry and consumption trends," outgoing CEO Gavin Hattersley said. The beer maker said it was reducing non-essential spending and capital projects to help mitigate any challenges. "Amid leadership transition and lowered growth projections, the company seems adrift at a moment when strategic clarity is essential," said Zak Stambor, senior analyst at Emarketer, adding that Molson Coors "appears to have lost its footing." However, the company said it could face only minimal direct hit to costs from tariffs as the majority of its beer for the U.S. market is produced locally in its Colorado breweries. Molson Coors expects a low single-digit decline in annual net sales, compared with previous expectations of a low single-digit growth. It also sees a low single-digit increase in annual adjusted profit per share, compared with the prior view of a high single-digit increase. The company's net sales for the three months ended March 31 fell 11% to $2.30 billion, mainly due to the declines in its Americas segment. Analysts expected net sales of $2.41 billion, according to data compiled by LSEG. Molson Coors' adjusted first-quarter earnings per share of 50 cents also missed estimates of 83 cents.
