JPMorgan Chase said second quarter net income fell 28% and the largest bank increased bad loan reserves and temporarily suspended stock buybacks to preserve capital.
JPM
JPM
PriceSmart revenues rose 15% but earnings plunged 15% after supply chain disruptions forced the retailer to discount discretionary items more than usual.
PSMT
PSMT
Levi Strauss said quarterly sales rose 15% and earnings dropped 23% on charges linked to closure of Russian operations. The strong dollar also impacted international sales growth.
LEVI
LEVI
WD-40 said third quarter revenues declined after strong dollar hurt international sales translation. The company also lowered its annual sales and earnings outlook.
WDFC
WDFC
Kura Sushi said third quarter sales more than doubled from a year ago and lifted annual sales outlook.
KRUS
KRUS
General Motors lowered June quarter earnings outlook and said shipment of 95,000 vehicles will be delayed on chips and parts shortages.
GM
GM
Micron Technology said fiscal third quarter sales rose 16% and net income rose despite supply chain disruptions. The company guided weaker-than-expected fourth quarter sales growth and earnings.
MU
MU
Bed Bath & Beyond sales plunged as consumer spending pattern shifted away from home goods. The retailer said chief executive Mark Tritton has departed the company.
BBBY
BBBY
Accenture reported strong revenues and earnings growth in the latest quarter and raised sales outlook for the fiscal year and narrowed earnings estimates.
ACN
ACN
KB Home sales in the latest quarter rose 19% and higher home prices exceeding the increase in construction costs lifted operating margins.
KBH
KBH
Jabil Inc said fiscal third quarter revenues increased 15% and net income rose 29% on solid demand for services and offered a positive outlook for the current quarter.
JBL
JBL
Signet Jewelers quarterly sales rose 9% but same stores sales in the U.S. dropped 0.9% on fewer transactions. The diamond jewelry retailer reaffirmed full-year sales and earnings per share outlook.
SIG
SIG
Five Below said comparable sales declined and net income plunged as consumers turned more selective and restrained spending and wages and import costs rose.
FIVE
FIVE
Ollie's Bargain said sales, earnings, and margins declined on lower comparable sales, weaker consumer spending, and rising inventories. The company expects gross margin to be stable at a lower level in the second quarter but held out improvement in the second-half.
OLLI
OLLI