The airline industry as a whole is being hit right now with a drop in travel demand and rising costs. One of the major players, Southwest (LUV), is feeling these effects and issued a warning about how they will affect operating costs and profitability. The airline company said that it’s seen a drop in [...]
Lululemon (LULU) seems to be unphased by the broader economic climate, as the athleisure company delivered impressive earnings for the second quarter. While most brands struggle with sales as consumers are becoming more stringent with discretionary spending, the company reported an 11% sales growth. This led to revenue of $2.21 billion for the quarter, [...]
Best Buy (BBY) reported second-quarter earnings early this Tuesday morning that topped the analysis consensus. And yet, the key takeaway from the earnings call is that the electronics retailer is struggling beneath the surface. After the company strategically set low expectations for this quarter way back in May, the consensus remained low - setting [...]
While much of the sporting retail industry takes steps backward amidst this challenging economic climate, Hibbett Sporting (HIBB) reported second-quarter earnings that outperformed not just the analyst expectations, but industry rivals too. The company reported sales of $374.9 million, which was just shy of the consensus of $376 million. This was a 4.6% decline [...]
Foot Locker (FL) investors were in for a rude awakening this Wednesday morning as the company reported fiscal second-quarter earnings that featured another step backward on the full-year guidance. While the company’s earnings were right on target with what analysts were looking for (4 cents adjusted), revenue slid below the analyst consensus ($1.86 billion [...]
Lowes (LOW) reported second-quarter earnings in Tuesday morning’s trading session. So far, the news has sent shares more than 4% higher as the company may be suffering from a setback in sales but remains optimistic and upheld its full-year outlook. Revenue for the fiscal second quarter came in at $24.96 billion, which was just [...]
Carvana (CVNA) just fueled up and is on the road to better days ahead. After falling below $4/share earlier in January of this year, the stock is back up to where it once sat at $53/share. We’ve witnessed an impressive 141% turnaround in the last year, and nearly 35% of that came just this [...]
Rivian (RIVN) was once the company behind one of the stock market’s largest IPOs in history. Since debuting at nearly $130/share, it’s fallen from grace to as low as $12/share. But today, RIVN stock is climbing on speculation that it’s all finally coming together for the electric automaker. Last week, the company saw a [...]
During Thursday’s extended trading session, Levi Strauss (LEVI) dropped their earnings report for the second quarter. And, while results did narrowly surpass the analyst estimates, they were weak. Shares of the stock are down more than 7% so far on Friday. The company reported revenue that fell right in line with what experts were [...]
by Leslie N. Masonson, MBA Decker Outdoors Corporation (DECK:NYSE) is based in Goleta, CA, and was founded in 1973. The firm employs 4,200 individuals. DECK is heavily involved in the global design, marketing and distribution of footwear, as well as causal accessories. Its popular premium footwear including the UGG and Hoka brands have contributed [...]
