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Macy’s Shares Fall After Annual Forecast Cut

Macy's Inc cut its full-year earnings and profit forecast after experiencing a slowdown in demand for its high-end products. The retailer's shares declined by 7% on Thursday morning. The department store company is now expecting its full-year sales to be between $22.8 billion and $23.2...

AB InBev Hit By Tumbling Bud Light Sales

Shares in drink and brewing company Anheuser-Busch InBev remain low as sales for its Bud Light beer continue to decline. AB InBev's shares declined by 4.71% during pretrading on Wednesday. Following widespread backlash against the advertising campaign with transgender influencer Dylan Mulvaney on April 1, Bud...

Costco Keeps Membership Fees Constant Amid Rise in Grocery Prices

Costco Wholesale Corp. has revealed that it does not plan to raise its membership prices over the near term, despite grocery prices rising at large. The topic was initially brought up during the company’s earnings call on Thursday when a reporter raised the question...

Abercrombie & Fitch Shares Surge After Company Raises Sales Outlook

Abercrombie & Fitch Inc reported an unexpected quarterly profit on Wednesday, raising its annual sales forecast as a result. The company's shares surged by 18% following the announcement. The company reported a first quarter gross profit margin of 61%; a 570 basis point rise from...

China Remains a High-Value Market, Panasonic Insists

Panasonic has insisted that China remains a high-priority market despite supply chain setbacks, chief executive Yuki Kusumi confirmed. This comes after attendees of the recent Group of Seven (G7) summit in Hiroshima called for members to "de-risk" when it comes to doing business in...

Dick’s Sporting Goods Beats Q1 Estimates

Shares in Dick's Sporting Goods were up 0.7% to $127.29 on Tuesday morning after the retailer released its earnings report for the first financial quarter. Dick's Sporting Goods reported earnings per share of $3.40, beating the $2.85 per share that the company earned during the...