Peloton is a company that has been criticized heavily for its solvency issues.With a debt/equity ratio of 9.3, those criticisms have certainly been merited.However, its real problem is that it launched a product that only made sense in the context of COVID-19 lockdowns.The pandemic resulted in gyms shutting down, leading many people to buy home…
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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. The Ohio-based apparel retailer’s shares that have lost nearly half of their value this year were up about 19% after the company…
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Prices have been climbing on restaurant menu boards for much of the year to offset spikes in food and labor costs, but that doesn’t mean diners are used to the strain on their wallets. As a result, major restaurant chains are walking a tightrope — charge enough to protect the bottom line without alienating customers…
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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%. The Miami, Florida-based cruise operator said despite mounting concerns over a recession in the United States, it has not seen any pullback from its customer base of…
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Boot Barn says it propelled sales forward thanks to store expansion — even as digital channels face headwinds. On Wednesday, the western and work-wear apparel retailer announced it opened 10 stores during the second quarter of its 2023 fiscal year — including expansion into New Jersey and Delaware — bringing its total number of locations to 321. The…
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The stakes have never been higher for Peloton Interactive PTON; Chief Executive Barry McCarthy. He has to hope his efforts don’t go from good, to better to bust. An Oct. 6 Wall Street Journal article based on an interview with Mr. McCarthy suggested he was giving Peloton about six more months to prove itself as…
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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. Shares of Carnival plunged 20% to $7.33 per share in midday trading, falling to nearly…
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American Eagle Outfitters (NYSE:AEO) stock slid by double-digits in Wednesday’s extended session after the company posted a disappointing second quarter earnings result. The Pennsylvania-based retailer posted significantly lighter than expected EPS alongside in-line revenue. Gross profit declined 26% from a particularly strong 2021 and reflected an over 11% margin contraction. “This is an unprecedented time…
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As Macy’s, Kohl’s and J.C. Penney grapple with what success means for a mid-tier department store in the 21st century — fending off activist investors, taking on new owners or announcing new strategies — Southern department store chain Dillard’s quietly plugs along. The company grabbed 0.4% of market share in the second quarter compared to…
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Discretionary apparel retailers proffered less-than-sunny earnings vistas this week, with Macy’s, Nordstrom, T.J. Maxx parent TJX, Victoria’s Secret and Abercrombie & Fitch all lowering their outlooks. Gap completely withdrew its second-half forecast on falling sales, while Urban Outfitters missed estimates.Why it matters: After a resurgence in 2021 — when the apparel industry saw one of…
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