Abercrombie sees better holiday-quarter sales, posts surprise profit
Abercrombie & Fitch Co (ANF.N) said on Tuesday it was “cautiously optimistic” about the holiday season and forecast a smaller-than-expected drop in current-quarter sales after resilient demand led to a surprise quarterly profit.
Reuters
November 22, 2022
Norwegian Cruise bets on rich Americans to navigate downturn
Norwegian Cruise Line Holdings Ltd (NCLH.N) said its wealthy travelers would help the U.S. liner ride out an economic downturn after better-than-expected quarterly results lifted its shares 7%.
Reuters
November 8, 2022
Carnival Corp plunges on forecast of Q4 loss, delayed return to profitability
Carnival Corp (CCL.N) on Friday forecast a loss in the fourth quarter after it reported results for the third quarter that fell well short of Wall Street estimates, as higher fuel prices and cheaper fares offset a rise in bookings.
Reuters
September 30, 2022
Target profit crumbles as inflation-weary consumers shun discretionary spending
Target Corp (TGT.N) reported a bigger-than-expected 90% fall in quarterly earnings on Wednesday and missed estimates for comparable sales as it struggled to lure inflation-hit shoppers with steep discounts on apparel, electronics and home goods.
Reuters
August 17, 2022
Roblox slides as bookings miss raise gaming slowdown worries
Roblox Corp (RBLX.N) missed estimates for quarterly bookings on Tuesday, in yet another sign the gaming industry is facing a slowdown after a pandemic-fueled boom, sending shares of the gaming platform down around 19% in extended trading.
Reuters
August 9, 2022
U.S. cruise operators' recovery runs into rough weather as labor crisis worsens
Andrea Mather’s plans for a long-awaited summer cruise around the Hawaiian islands with her financial analyst husband unraveled after her booking with Norwegian Cruise Line’s (NCLH.N) Pride of America was canceled due to a staffing shortage.
Reuters
July 20, 2022
Lululemon raises full-year forecasts, unaffected by inflation, China curbs
Lululemon Athletica (LULU.O) on Thursday raised its full-year revenue and profit forecasts on strong demand for athleisure, and said the impact from COVID-19-related lockdowns in China was modest and more than offset by strength in other regions.
Reuters
June 2, 2022
Royal Caribbean signals slow summer demand in Europe as Ukraine crisis weighs
Royal Caribbean Group (RCL.N) on Thursday flagged slow summer demand for European cruises due to the Ukraine crisis, after a dull first quarter as it reeled under a resurgence in COVID infections in some parts of the world.
Reuters
May 5, 2022
Domino's expects sales pressure to persist after drop in first quarter
Domino’s Pizza Inc (DPZ.N) missed quarterly sales estimates on Thursday and warned staffing shortages and inflation would pressure its business further into the year, sending the fast-food chain’s shares down 5%.
Reuters
April 28, 2022
Lululemon forecasts strong 2022, plans selective price hikes
Lululemon Athletica (LULU.O) on Tuesday forecast full-year profit and revenue above estimates as demand for athletic wear remains consistent even as people return to offices, and said it plans selective price increases on some of its products.
Reuters
March 29, 2022
Uber, Lyft drivers consider quitting as pain at the gas pump grows
A number of Uber and Lyft drivers are considering quitting the app-based ride-hailing platforms as fueling up becomes costlier, with some calling the newly announced surcharges “insulting”.
Reuters
March 18, 2022
DoorDash revenue beats as food-delivery boom continues, shares soar 24%
DoorDash Inc reported quarterly revenue on Wednesday that beat estimates as food delivery demand showed no sign of slowing, indicating ordering habits have changed permanently, sending the company’s shares up 24% after the bell.
Reuters
February 16, 2022High prices spell no demand problem for resurgent Uber and Lyft
Uber and Lyft are emerging from the pandemic as leaner, lower-cost companies with a long-elusive operating profit and the unexpected power to raise prices without alienating riders.
