The namesake brand saw sales fall 9% in the fourth quarter while Anthropologie and Free People crushed it. Part of the problem: “The Urban brand has moved somewhat south in terms of age group penetration.”
On its second-quarter earnings call, Costco’s chief financial officer said the company was exploring options to target younger customers for membership and ways to compete with Amazon Prime.
Now we know why the company is trying to get rid of its mobile phone maker. Google missed analyst estimates on earnings, but beat on revenue.
J.C. Penney issued a three-sentence press release on its holiday performance today. The company didn’t include a single number, spooking analysts who cover the company and sending shares down 8%.
Facebook’s stock rose 15% just after the report came out, but it gave back most of those gains during the earnings call. Still, it’s the second quarter in which Facebook has delivered a blowout report, and the stock has more than doubled in the past year.
Netflix just reported its third-quarter earnings, with its EPS nearly quadrupling. Netflix now has 40 million subscribers.
The literary stylings of National Beverage Corp CEO Nick Caporella extend way past yesterday’s weird earnings report.
As a former legislative assistant for Sen. Dick Durbin, Joanna Serra was part of an investigation into Higher One. Now the company turned around and hired her.
A bad sign for this month’s retail earnings.
The social network surprised on the massive upside, outshining Google and Apple. Its mobile business is maturing at an even quicker clip than some aggressive estimates.
Earnings, revenue, and key product sales all came about in line with analyst estimates.
Far from innovative, it was just as dull as any other earnings call, and more confusing to follow.
The CEO of Yum Brands, which owns KFC, Taco Bell, and Pizza Hut, told investors and analysts yesterday about a new challenge the company is facing: “a huge cloud over the hot pot category.”
Apple without a new product is like the Stones without a tour, reliant on an aging back catalog of old hits. But maybe CEO Tim Cook has a few of Mick Jagger’s moves up his sleeve.
Most of Apple’s $145 billion in cash is parked overseas, so issuing debt allows the company to avoid the tax hit that money would be subject to if brought back to the U.S.
Of the highest-paid hedge fund managers last year, two actually underperformed the market.
Which film cost the most to produce? Which is the highest grossing? Will the final film break one billion dollars?! We’ve tabulated the gross earnings and budgets of every Harry Potter film so far, and projected an educated guess at the performance of the film series finale. Props to Sly for making my ugly spreadsheet so pretty.
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