The beleaguered fitness equipment maker reported a large quarterly loss after the company marked down prices to clear inventories and shift focus to subscription revenues.

PTON
Higher fuel prices and food prices are driving more families to deep discount stores as consumers stick to the purchase of basic items in smaller quantities.

DG
The design software developer quarterly sales and earning rose as more companies accelerate design and manufacturing collaboration using cloud computing.

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The teenage apparel retailer said overall sales declined on the weakness in Hollister brand and deteriorating global environment.

ANF
U.S. economy in the second quarter contracted at a smaller rate but a measure of inflation rose faster than previously estimated. Energy prices edged lower but traded near recent highs.

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The luxury retailer reported rising sales and earnings in the second quarter but the company plans to cut costs and inventories as the demand weakens at its outlet stores.

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Stocks on Wall Street and in Europe closed higher for the second day in a row. Federal Reserve stepped up high-inflation rhetoric. Crude oil and natural gas prices advanced despite the demand worries from China.



The operator of Chili's and Maggiano's restaurant chains struggled with rising food and labor costs. Comparable restaurant sales continue to decelerate in the quarter.

EAT
The auto parts retailer said higher fuel costs negatively impacted do-it-yourself business and net income and free cash flow plunged.

AAP
The luxury home builder said new contract value plunged 44% as rising rates and home prices curbed the demand from move-up buyers.

TOL
Toll Brothers lowered its annual home delivery guidance but lifted the average home sale price outlook. Nordstrom said it plans to aggressively manage its rising inventories. Advance Auto Parts said higher fuel cost is impacting its do-it-yourself business.

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Stocks Snap 3-day Losing Streak

Aug 24, 2022
Barry Adams
Stocks on Wall Street rebound after sliding for three days in a row. The fresh batch of quarterly results from retailers highlighted the shifting demand from consumers and elevated inflation.

Global markets are turning lower as investors navigate through slowing economic activities, hawkish central bankers committed to curbing demand, and 4-decade high inflation rooted in supply disruptions.

Dick's Sporting Goods struggles with shifting consumer behavior and persistent supply chain issues. Zoom Video revenue growth continues to decelerate. Medtronic sales fall on supply chain disruptions.

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The online video communication company sharply increased its enterprise customer base as total revenue growth decelerates sharply.

ZM