Home Depot recently exceeded quarterly expectations, but projected weaker sales for the remainder of the year due to various factors affecting consumer demand. The home improvement giant anticipates a 3% to 4% decline in full-year comparable sales, a significant shift from the previously expected 1% decrease. Chief Financial Officer Richard McPhail highlighted the impact of
Earnings
HelloFresh, a German meal kit firm, experienced a significant surge in its stock value following a positive second-quarter earnings report. The company showcased better-than-expected profits and highlighted rapid growth in its ready-to-eat meals segment. This news propelled HelloFresh shares to climb as much as 20% during morning trade. HelloFresh reported adjusted earnings before interest, tax,
The CNBC Investing Club, led by Jim Cramer, holds a daily livestream called “Morning Meeting” at 10:20 a.m. ET where they discuss key moments and strategies for investors. On Monday, U.S. stocks showed mixed performance as investors awaited major inflation data scheduled to be released later in the week. The S & P 500 and
Under Armour recently announced its fiscal first quarter results, which exceeded Wall Street’s expectations. Despite a decline in sales, the athletic apparel retailer posted better-than-feared earnings per share and revenue figures. The company reported earnings of 1 cent per share, adjusted, compared to the 8 cents per share loss that was expected. Additionally, Under Armour’s
Restaurant Brands International has announced their quarterly revenue results, which have surpassed analysts’ expectations. The company reported strong sales at Tim Hortons and its international restaurants, leading to a 17% increase in net sales. CEO Josh Kobza expressed satisfaction with the performance, stating that they have outperformed key competitors in major markets. The company’s second-quarter
E.l.f. Beauty, a cosmetics retailer, has been experiencing tremendous growth in sales, with a 50% increase in the latest fiscal quarter. While the company exceeded quarterly estimates, the growth did not meet the high expectations set by Wall Street. Despite raising its full-year guidance, the outlook fell flat compared to the significant first-quarter beat. This
Eli Lilly shocked the market by reporting second-quarter earnings and revenue that exceeded all expectations. The company’s revenue outlook for the year has been raised by a staggering $3 billion, a move that sent shares soaring by more than 7%. This incredible growth is primarily attributed to the exceptional sales performance of two of their
Siemens, the German industrial technology giant, has reported a quarterly operating profit of 3 billion euros, surpassing analyst expectations. This represents an 11% increase from the same period last year. Despite a 15% decline in comparable orders, the company highlighted growth in its digital industries and smart infrastructure sectors. However, the mobility business experienced a