Edition:
United Kingdom

Praveen Paramasivam

VF Corp cuts forecast on weak Timberland, slowing Vans; shares fall

23 Jan 2020

VF Corp trimmed its full-year forecasts on Thursday, as the apparel maker struggles with waning demand for its Timberland outerwear and slowing growth at Vans.

Conagra Brands tops profit estimates on strong snacks, frozen food demand; shares soar

19 Dec 2019

Conagra Brands Inc beat Wall Street's second-quarter profit and sales estimates on Thursday, benefiting from strong demand for the packaged food maker's snacks and frozen foods, pushing its shares up 18% and setting them up for their best day ever.

UPDATE 2-Lululemon's new product investments hit holiday quarter profit forecast

11 Dec 2019

Dec 11 Lululemon Athletica Inc forecast holiday quarter profit largely below analysts' expectations on Wednesday, as the athleisure pioneer invests heavily to launch new products to fend off intensifying competition.

J.M. Smucker expects coffee, snacks businesses to offset dog food weakness

22 Nov 2019

J.M. Smucker Co on Friday signaled that improving demand in its coffee and snack segments would counter weakness in its premium dog food business, helping investors look past the Jif peanut butter maker's lowered full-year forecast.

Kohl's, Home Depot forecasts quell pre-holiday cheer

19 Nov 2019

Retail heavyweights Kohl's Corp and Home Depot Inc sent a shiver through Wall Street on Tuesday, lodging weak results and annual forecasts that cast more doubt on the health of the U.S. consumer ahead of the crucial holiday shopping season. | Video

High-margin luxury fragrances power Coty's profit beat; shares rise

06 Nov 2019

Coty Inc reported quarterly profit above Wall Street expectations on Wednesday, helped by increased demand for its high-margin Hugo Boss, Burberry and Gucci fragrances, sending its shares up more than 17%.

Hong Kong unrest, stronger dollar weigh on Estee Lauder's FY forecast

31 Oct 2019

Estee Lauder Cos Inc cut its full-year profit forecast on Thursday as it expects to take a hit from the ongoing unrest in Hong Kong and a stronger dollar, taking the sheen off its better-than-expected results and sending its shares down 5%.

Molson Coors to cut jobs, invest beyond beers in restructuring plan

30 Oct 2019

Molson Coors Brewing Co said on Wednesday it would cut jobs, simplify business segments and add more products beyond beers as the new Chief Executive Officer Gavin Hattersley looks to boost revenue.

Kellogg profit gets boost from snacks, frozen foods

29 Oct 2019

Kellogg Co's quarterly revenue and profit beat Wall Street expectations on Tuesday, as demand for its Pringles and Cheez-It snacks, as well as frozen foods cushioned the impact of sluggish sales for its cereals in North America.

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