Walgreens Shares Dive on Q1 Earnings Miss
“We anticipate that profitability and sales growth may be hard to come by for the foreseeable future,” an analyst says of the drugstore chain.
Pier 1 to Close 450 Stores as Q3 Loss Widens
The closures "will enable us to move forward with an appropriately sized store footprint and operating structure as an omnichannel retailer."
Nike Beats Estimates as Digital Sales Rise 38%
“Nike delivered another strong quarter of accelerating, high-quality growth, driven by strategic and targeted investment in our digital transformation."
Audit Woes in U.K. Hit KPMG’s 2019 Profit
The 14% decline in U.K. profits "follows a series of reputational setbacks for KPMG over the past two years."
Oracle Misses on Sales Again Despite ERP Gains
The company's autonomous database and ERP products will “determine Oracle's future in the cloud,” CTO Larry Ellison says.
Workday Tops Q3 Estimates But Stock Dips 1.9%
CFO Robynne Sisco cautioned that the Scout RFP acquisition and new products launching next year would have a delayed impact on its results.
U.S. Banks’ Earnings Drop 7.3% to $57B in Q3
It was the first quarterly decline in net income since late 2018 but the industry generated nearly $100 billion in new loans.
China Tariffs to Eat Into Dollar Tree Q4 Profits
The discount retailer's shares fell more than 16% after it cut its outlook for the holiday season due in part to tariff costs.
Pure Storage Shares Dive on Weak Guidance
Like other tech infrastructure suppliers, Pure is "seeing signs of a more challenging global business environment."
Gap Beats Estimates But Comp Sales Dip 4%
“We are not pleased with the third-quarter results and are focused on aggressively addressing operational issues," the struggling retailer says.
Macy’s Posts First Comp Sales Drop in 2 Years
“The mall is getting more toxic," one analyst warns. "Mall traffic will likely continue to wane over the years ahead.”