Breaking News
Mar 28, 2023
  • Walgreens Boots Alliance Inc, the pharmacy operator, reported better-than-expected fiscal second quarter earnings. 

    Sales in the fiscal second quarter ending in February increased 3.3% to $34.8 billion from $33.7 billion and net income fell to $703 million from $883 million and diluted earnings per share declined to 81 cents from $1.02 a year ago. 

    The company retained its full-year adjusted earnings per share outlook between $4.45 and $4.65 a share, reflecting acceleration in business in February. 
  • WBA
  • PVH Corp, the apparel maker, posted better-than-expected earnings in its latest quarter. 

    Revenue in the fourth quarter ending in January increased 2% to $2.49 billion and net income declined to $138.7 million from $390.8 million and diluted earnings per share fell to $2.18 from $5.553 a year ago. 

    Revenue in the full-year 2022 fell to $9.0 billion from $9.2 billion and net income decreased to $200.4 million from $952.3 million and diluted earnings per share plunged to $3.03 from $13.25 a year ago. 

    The apparel maker guided revenue in 2023 to increase between 3% and 4% and diluted earnings per share is projected to be $10.0 compared to $3.03 a year ago. 
  • PVH
  • Lyft Inc, the ridesharing company, said its co-founders, chief executive Logan Green and President John Zimmer, plan to step down from management roles and transition to non-executive roles.  

    Former Amazon executive David Risher will become chief executive officer on April 17. 
  • LYFT
  • Carnival Corp, the cruise line operator, reported record quarterly bookings in the fiscal first quarter ending in February.

    Revenue in the quarter increased to $4.4 billion from $1.6 billion and net loss shrank to $693 million from $1.9 billion and diluted loss per share decreased to 55 cents from $1.66 a share.

    The cruise line estimated 98% occupancy in the fiscal second quarter and estimated adjusted operating earnings between $600 million and $700 million, compared to $382 million in the first quarter.
  • CCL