Cruise operator Carnival (CCL.N) on Monday forecast third-quarter profit largely below estimates as rising marketing and labor costs eat into gains from higher ticket prices and strong demand. The company’s shares, which have surged nearly 80% in the past two months on resurgent demand for cruises, dropped 11%. Carnival has increased marketing spend to attract…
Read article
Peloton Interactive (NASDAQ:PTON) slid sharply after the publication of a new report highlighting headwinds facing the fitness company. Fitness as a service churn appears to have accelerated, according to M Science. Peloton (PTON) shares slipped 8.62% during Thursday’s trading. The stock had rallied about 40% in the month leading up to Thursday’s drop, bouncing from…
Read article
Toast (NYSE:TOST) fell 3.4% amid a note about slowing GPV growth.Glowing GPV growth quarter-to-date is creating a risk to consensus expectations, M Science wrote in a note on Friday.Toast (TOST) rose 2.9% on Thursday after Bank of America joined several Seeking Alpha analysts in the bull camp on the restaurant software company. The firm started…
Read article
Lululemon Athletica Inc (LULU.O) raised its annual sales and profit forecasts on Thursday as wealthy Americans snap up its pricey activewear even though inflation hounds wider retail spending, sending the company’s shares up 13% after hours. A strong rebound in China, easing air freight costs and tighter inventory control also helped first-quarter results surpass estimates…
Read article