Bed Bath & Beyond replaces CEO as retailer’s sales plummet
The home goods retailer has faced months of challenges, with supply chain woes and pressure from activist investor Ryan Cohen.
Nike earnings top Wall Street’s expectations, despite inflation in the U.S. and Covid lockdowns in China
Nike posted better-than-expected sales and profit for its fiscal fourth quarter.
Olive Garden’s parent company Darden beats earnings estimates as sales jump
Olive Garden's parent company issued a mixed forecast for fiscal 2023 as it prepares to face inflation and economic uncertainty.
Adobe shares move lower after full-year projections fall short
Adobe cited foreign-exchange challenges, along with other software companies, as well as the war in Ukraine when it gave lower-than-expected guidance.
Oracle shares rise on better-than-expected earnings report
Oracle exceeded estimates on the top and bottom lines for its fiscal fourth quarter.
DocuSign shares crater after first-quarter earnings miss
DocuSign has struggled this year alongside the rest of the cloud software sector.
Credit Suisse issues profit warning for second quarter, citing Ukraine war and rate hikes
Credit Suisse said on Wednesday that it is likely to post a loss for the second quarter as the war in Ukraine and monetary policy...
Target expects squeezed profits from aggressive plan to get rid of unwanted inventory
Target said it will take a short-term hit from markdowns, but wants to clear room for groceries, back-to-school supplies and other items consumers want.
Lululemon raises guidance as customers keep spending despite higher prices
Lululemon expects the momentum in its business to continue in spite of broader economic headwinds.