Third quarter sales declined and net income plunged after two years of rapid growth. The cash flow turned negative as the company continued its capital expenditure and store renovation program intact.
BBWI
BBWI
Target lowered expectations for the holiday sales and said customers are avoiding discretionary items and sticking to basics. The company lowered its outlook for comparable store sales and operating margin.
TGT
TGT
The home improvement retailer lifted its annual outlook on stronger-than-expected operating results. The retailer took a large charge linked to the sale of its Canadian operations.
LOW
LOW
Advance Auto said third quarter sales declined after the company sold more of store branded products. The company reiterated its annual sales outlook and its plans to open new stores.
AAP
AAP
The footwear maker reported nearly flat earnings and sales rose 21% in the fiscal second quarter ending in September. UGG, HOKA and Teva brands drove quarterly sales growth.
DECK
DECK
Apple sales rose in every region of the world except Japan, despite the supply chain issues, inflation worries and zero-Covid lockdowns in China.
AAPL
AAPL
Amazon.com said third quarter sales increased 15% but net income fell 9.3%. The online retailer guided fourth quarter sales to rise between 2% and 8%
AMZN
AMZN
Tesla revenues and earnings surged after the maker of electric vehicles accelerated production pace in Shanghai.
TSLA
TSLA
Goldman Sachs third quarter earnings declined on the weakness in merger and public offering activities but volatile bonds, commodities and currencies markets supported higher brokerage fees.
GS
GS
Domino's Pizza third quarter sales increase was supported price increases at U.S. stores offset weak international sales and the dollar strength.
DPZ
DPZ