Kohl’s (KSS) shares are moving higher in early trading, jumping by as much as 7% after the company beat Wall Street’s earnings expectations by $0.15 per share and raised its profit outlook. In Q2, the retailer doubled down on inventory management and expenses, leading to a 9% year-over-year decline in inventory. It plans to stay … Read more
The factory was expected to start production in 2026, but now it is anticipated that batteries won’t start rolling off the line until 2027 at the earliest. Construction at the factory is already underway, The News-Gazette reported. The deal is a sign that the largest automaker in the US is still committed to scaling up … Read more
With summer nearing the end, Dairy Queen is welcoming the new season with its new Fall Blizzard Menu, which features plenty of pumpkin and the return of the chain’s fan favorites. Dairy Queen’s Fall Blizzard Menu rolled out on Monday, marking the return of the Pumpkin Pie Blizzard Treat, a beloved seasonal fall fan favorite … Read more
Check out the companies making headlines in midday trading: Super Micro Computer — Shares shed 26% after the artificial intelligence server company said it would postpone filing its annual 10-K form for the fiscal year that ended June 30. Super Micro Computer said its management requires more time to “complete its assessment of the design … Read more
Kohl’s (KSS) shares are moving higher in early trading, jumping as much as 7%, after the company beat Wall Street’s earnings expectations by 15 cents and raised its profit outlook. In Q2, the retailer doubled down on inventory management and expenses, leading to a 9% year-over-year decline in inventory. It plans to stay “committed to … Read more
The NFL Players Association recently lost a multimillion-dollar arbitration claim over a trading-card deal gone bad. Now, the NFLPA is doing the suing. The lawsuit, via ESPN.com, argues that DraftKings intends to terminate a deal that gave it the ability to use player names, images, and likenesses for a non-fungible token business that has gone … Read more
(Bloomberg) — Abercrombie & Fitch Co. beat analysts’ sales expectations for the sixth consecutive quarter, but it wasn’t enough to impress investors who have grown accustomed to the ’90s fashion comeback. Most Read from Bloomberg The retailer said comparable sales rose 18% in the second quarter, exceeding the 15% growth that analysts had projected. The … Read more
An Abercrombie & Fitch store in New York, US, on Monday, Nov. 20, 2023. Abercrombie & Fitch Co. is scheduled to release earnings figures on November 21. Stephanie Keith | Bloomberg | Getty Images Abercrombie & Fitch‘s revenue grew 21% during its fiscal second quarter as the apparel company builds on its torrid growth. The … Read more
Foot Locker on Wednesday said comparable sales grew for the first time in six quarters as its efforts to refresh its stores and improve the customer experience continue to bear fruit. The beleaguered sneaker company’s same-store sales grew 2.6% during its fiscal second quarter, far better than the 0.7% uptick that analysts had expected, according … Read more
(Bloomberg) — Global equities edged higher ahead of a key earnings release from Nvidia Corp., the $3 trillion stock at the forefront of the global artificial intelligence frenzy. Most Read from Bloomberg Seen as a barometer for AI spending across much of the technology industry, Nvidia is expected to project revenue growth of more than … Read more