Victoria’s Secret reports better-than-expected profit but warns challenges could persist
Victoria's Secret reported a quarterly profit that topped Wall Street expectations, but warned that the retail environment will continue to be challenging.
Victoria's Secret reported a quarterly profit that topped Wall Street expectations, but warned that the retail environment will continue to be challenging.
Dick's trimmed its outlook for the year amid uncertain economic conditions, but the retailer said it isn't yet seeing any dramatic shifts in its business.
The lower-income consumer, which is Old Navy's target customer, is starting to feel pinched by inflation, Chief Executive Officer Sonia Syngal told CNBC.
Chinese tech giants Alibaba, Tencent and JD.com have all posted their slowest revenue growth on record as Covid and Beijing's tech crackdown took their toll.
Macy's reaffirmed its fiscal 2022 sales outlook and raised its profit guidance, expecting stronger credit card revenue for the remainder of the year.
Dollar Tree and Dollar General boosted their outlook for the year, noting that shoppers squeezed by inflation will seek cheaper prices.
The stock dropped in extended trading after the chipmaker gave a light forecast for the current quarter.
Snowflake maintained its full-year projections, show that it continues to expect revenue growth to slow from its days as a newly minted public company.
Best Buy's revenue beat Wall Street's revenue estimates for the fiscal first quarter.