A Dollar General store in Germantown, New York, on Nov. 30, 2023. Angus Mordant/Bloomberg via Getty Images Dollar General on Thursday reported fiscal fourth-quarter revenue that narrowly beat Wall Street estimates, while a store portfolio review cut into the chain’s profit. As part of the reevaluation, the dollar-store chain said it will close 96 Dollar General stores […]
WUHAN, CHINA – MAY 25: (CHINA OUT) Attendees wear protective masks as they look around the at BMW Ix3 during 2023 Central China International Auto Show on May 25, 2023 in Wuhan, Hubei province, China. More than 80 brands took part in the 2023 Central China International Auto Show which started on Thursday. According to […]
Chinese battery giant Contemporary Amperex Technology (CATL), pictured here on April 2, 2020, broke ground on its first overseas factory in Germany in late 2019 and plans to add up to 2,000 jobs there by 2025. Martin Schutt | picture alliance | Getty Images China’s Contemporary Amperex Technology posted a 9.7% drop in annual revenue, […]
Docusign rose more than 14% after reporting stronger-than-expected earnings after the bell Thursday. “We’ve really stabilized and I think started to turn the corner on the core business,” CEO Allan Thygesen said Friday on CNBC’s “Squawk Box.” “We’ve become much more efficient.” Here’s how the company performed in the fourth quarter FY2025 compared to LSEG […]
Ulta Beauty on Thursday issued weak guidance for the year ahead as it navigates a series of internal missteps, rising competition and what it called “consumer uncertainty.” The retailer, which appointed Kecia Steelman as its new CEO in January, said it’s expecting comparable sales to be flat or grow 1% in 2025, while analysts had […]
Shantanu Narayen, Chair and CEO of Adobe Systems, addresses the gathering on the first day of the three-day B20 Summit in New Delhi on Aug. 25, 2023. Sajjad Hussain | AFP | Getty Images Adobe shares dropped 13% following the company’s quarterly earnings report as investors fretted over lingering growth concerns and the software maker’s […]
In an aerial view, a Volkswagen assembly plant is seen on April 19, 2024 in Chattanooga, Tennessee. Elijah Nouvelage | Getty Images News | Getty Images Porsche‘s CEO Oliver Blume on Wednesday said the company could lean into its partnership with Volkswagen â which has its own U.S. manufacturing base â as it braces for […]
American Eagle warned investors on Wednesday that consumers are pulling back on spending and it’s seen a “slower start” to the year than it expected. “Entering 2025, the first quarter is off to a slower start than expected, reflecting less robust demand and colder weather,” CEO Jay Schottenstein said in a news release. “While we […]
Rheinmetall MAN Military Vehicle drives on the road on Nov. 20, 2024, in Donetsk Oblast, Ukraine. Yan Dobronosov | Global Images Ukraine | Getty Images German arms maker Rheinmetall on Wednesday said it expects 2025 sales to jump by 25-30% this year, amid expectations of “major high-volume orders from military customers” that could gain a […]
L’Oreal could avoid the worst of the tariff war with the U.S., the beauty giant’s CEO Nicolas Hieronimus, told CNBC, warning that the price impact could still hit consumers Hieronimus said he is “not overly concerned” over the impact of White House tariffs on L’Oreal, as the group produces most of its goods sold in […]