Category: Retail News
Estee Lauder’s plunge on weak forward guidance is not a reason to sell the stock
The magnitude of the management's guidance revision is about as bad as we have ever seen, especially with only one quarter left in the company's fisca [...]
Club meeting recap: Fed in Focus, Estee Lauder, earnings roundup
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET. [...]
This is the best off-price retailer to own in this shaky economic environment
TJX Companies should continue to be able to take advantage of the inventory glut plaguing the retail industry, not to mention the troubles at other ch [...]
Jenny Craig tells employees it will shut its doors
Employees received an email from the company last night indicating their jobs would be terminated by the end of the week or sooner for some. [...]
Jim Cramer’s top 10 things to watch in the stock market Wednesday
The Federal Reserve is widely expected to raise interest rates by another 25 basis points, while a slate of Club holdings report quarterly results. [...]
Olive Garden owner Darden Restaurants buys Ruth’s Chris Steak House for $715 million
Ruth's Chris Steak House has more than 150 locations worldwide and generated $505.9 million in revenue in 2022. [...]
Yum Brands earnings miss estimates despite KFC and Pizza Hut’s recovery in China
Yum's same-store sales increased 8% in the quarter as KFC, Taco Bell and Pizza Hut outperformed expectations. [...]
Ford restores faith with quarterly results, while Starbucks proves to be a China play
Club holding Ford (F) on Tuesday showed investors it had righted the ship in the first quarter, while Starbucks' (SBUX) quarterly sales were bolstered [...]
Starbucks earnings beat as China reverses same-store sales declines
Starbucks reported earnings after the bell. Here are the results. [...]
Off-price retailers to get cheap inventory and real estate from Bed Bath & Beyond’s bust, BofA says
With nearly 500 store vacancies and cheap inventory coming from Bed Bath & Beyond's bankruptcy, certain retailers will benefit, Bank of America sa [...]