Edition:
United Kingdom

Soundarya J

UPDATE 4-Home Depot says peak investments to pressure 2020 margins

11 Dec 2019

Dec 11 Home Depot Inc, the No. 1 U.S. home improvement chain, on Wednesday forecast 2020 sales below Wall Street expectations and said major investments in its online overhaul program would pressure margins next year.

Hudson's Bay quarterly loss widens on discounts amid take-private battle

10 Dec 2019

Hudson's Bay Co reported a bigger third-quarter loss on Tuesday, hit by deeper discounts at luxury chain Saks Fifth Avenue and weak sales at its namesake stores, as the Canadian department store operator tries to take itself private.

UPDATE 3-Nordstrom bucks trend of grim retail forecasts; share jump 8%

21 Nov 2019

Nov 21 Nordstrom Inc raised its 2019 forecast, unlike many competitors, and reported third-quarter profit above Wall Street expectations on Thursday as it sold more off-price clothing and kept inventories in check, sending the retailer's shares up about 8% in extended trading.

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%.

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.

UPDATE 3-Hasbro shares plunge as toymaker battles tariff costs

22 Oct 2019

Oct 22 Hasbro Inc fell well below Wall Street estimates for quarterly profit on Tuesday, as the toy maker wrestled with higher shipping and warehousing costs due to U.S. tariffs on Chinese imports, sending its shares down about 18%.

P&G raises full-year forecast after beauty, healthcare brands drive profit beat

22 Oct 2019

Procter & Gamble Co on Tuesday raised its full-year sales and profit forecasts after a better-than-expected first quarter, as it sold more toothpaste and expensive face cream.

Zero-sugar sodas, smaller soft drink cans drive Coca-Cola revenue beat

18 Oct 2019

Coca-Cola Co beat Wall Street estimates for quarterly revenue on Friday as customers took to smaller-sized cans of its sodas, including Coca-Cola Zero Sugar, prompting the beverage maker to give an upbeat forecast for 2019.

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