Dollar Tree recently made headlines by announcing its contemplation of a sale for its struggling Family Dollar brand. This decision comes on the heels of the company’s plan to close almost 1,000 Family Dollar stores in an effort to turn around the business. With over 500 locations already shuttered in the fiscal first quarter, Dollar
Earnings
Monzo, the British digital challenger bank, has recently reported a significant milestone – its first full year of profitability. The fintech startup announced that it had achieved pre-tax profits of £15.4 million ($19.6 million) in its 2023-2024 fiscal year. This marked a stark contrast from the previous year, where the company had suffered a loss
Costco Wholesale recently announced its third-quarter earnings, surpassing Wall Street’s expectations. The company reported a total revenue of $58.52 billion, a 9.1% increase year over year, which exceeded analysts’ estimates of $58.07 billion. Additionally, earnings per share for the quarter were $3.78, higher than the projected $3.70. Costco’s stock initially saw a decline of about
Best Buy recently released its quarterly sales results, with revenue falling short of Wall Street’s expectations. The consumer electronics retailer faced softer demand for consumer electronics, which led to a drop in net sales. While the earnings per share exceeded analysts’ estimates, the company highlighted a range of challenges it is currently grappling with. Despite
Kohl’s shares took a steep nosedive, dropping over 20% in premarket trading after the company reported a surprising loss per share. This unexpected turn of events caught Wall Street off guard, as analysts had anticipated a slight profit. Specifically, the loss per share came in at 24 cents, in stark contrast to the expected 4
Abercrombie & Fitch recently announced its strongest first quarter in company history, showcasing an impressive 22% increase in sales compared to the previous year. In addition, profits soared to nearly seven times higher than before, surpassing Wall Street’s estimates by a significant margin. The company’s reported net income for the period ending May 4 was
The recent surge in the Nasdaq, breaking past 17,000 for the first time, has been primarily attributed to the remarkable performance of Club name Nvidia. Jim Cramer noted that Nvidia’s dominance in the market has led investors to possibly shift their focus towards this tech giant, resulting in a sell-off of broader market stocks to
After a turbulent day on Wall Street, Friday saw a rebound in the market, with Jim Cramer attributing the previous day’s decline to rising bond yields fueled by positive economic data. Despite this, shares of Nvidia saw a 9% increase post-earnings, giving a glimmer of hope to investors. Goldman Sachs has adjusted its forecast for