Aug 29 (Reuters) – Birkenstock (BIRK.N)opens new tab Quarterly earnings expectations were missed on Thursday as the German sandal maker’s global expansion and production increases led to a decline in its margins, sending shares down 12% in early trading. Due to strong global demand and to increase sales through its own channels, where products are […]
Aug 27 (Reuters) – Nordstrom (JWN.N)opens new tab The company reported second-quarter profit that beat estimates on Tuesday. Revenue was boosted by key anniversary sales, sending shares up nearly 7% in after-hours trading. The upscale department store chain also raised the lower limit of its annual forecast for comparable sales growth to 0% to 2% […]
Aug 22 (Reuters) – Ross Stores (ROST.O)opens new tab The company raised its earnings forecast for fiscal 2024 and released second-quarter results on Thursday that beat Wall Street estimates, benefiting from demand for discounted clothing and falling freight costs. The company’s shares rose nearly 6% in extended trading as the company’s strategy of lowering prices […]
WARSAW, Aug 21 (Reuters) – Polish oil refiner Orlen (PKN.WA)opens new tab The state-owned company suffered a loss of 40 million zloty ($10.42 million) in the second quarter, after posting a net profit of 6.1 billion zloty in the previous year. The reason for this was tax payments on increased profits and lower gas prices, […]
