Abercrombie & Fitch lifted its quarterly and annual sales and operating margin outlook on the back of higher retail prices and lower freight costs. Zoom Video lifted its annual sales outlook on the strength on its enterprise sales. Lowe's lowered its sales outlook as pandemic-fueled demand waned.
BBY ZM LOW ANF
BBY ZM LOW ANF
Advance Auto Parts sharply lowered its earnings and free cash flow estimate for 2023. Target Corp. said quarterly sales declined, but earnings improved, and the retailer lowered its inventory during the quarter. TJX said it plans to accelerate its stock repurchase program over the next three months.
AAP TGT TJX
AAP TGT TJX
Wynn Resorts reported mixed quarterly results after a weaker-than-expected rebound in China and a decline in revenue at its Boston casino. Trade Desk estimated transitory softness in advertising spending by clients in the automotive and consumer electronics verticals. Doximity lifted its annual revenue estimate.
DOCS WYNN TTD
DOCS WYNN TTD