PLBL shares plunged -18.14% in after-hours trading on Thursday, falling to $6.115 from a prior regular-session close of $7.47, extending a brutal two-day sell-off. The decline marks a continued unwinding of the speculative frenzy triggered by the company's July 2 announcement of a non-binding MOU to explore a 100 MW AI data center in Thailand.
Berkshire Hathaway disclosed a new position in Macy's during its latest 13F filing, marking its first department store investment in decades. The company is scheduled to report first-quarter results on June 3, 2026, with analysts expecting sharply lower earnings per share.
Macy's reported first quarter 2026 net sales of $4.68 billion, exceeding analyst expectations of approximately $4.61 billion. Adjusted earnings per share came in at 13 cents, surpassing the consensus estimate of 2 cents.
The Department Stores sector has recently seen a remarkable surge in performance, with a notable increase of 6.8% over the past week. This upward momentum has attracted significant attention and is reflected in the positive outlook of key stock indicators and analytics.
Nordstrom, Inc. (NYSE: JWN) has recently announced it will pay a dividend of $0.19 per share, a move in line with the last dividend payout made on March 29, 2023. With a record date set for June 14, 2023, and an ex-dividend date of May 26, 2023, investors need to understand the company's financial performance and prospects to make informed decisions about whether to buy, hold, or sell Nordstrom's shares ahead of this upcoming payout.
Is Kohl's (KSS) downfall set to continue? The retail giant experienced a significant loss this month, but recent market indicators suggest a potential bullish turn. Read on to find out what the experts are saying and how you can potentially profit from this situation
Nordstrom shares fell on Friday, after the retail company lowered its full-year profit outlook. Nordstrom is now expecting its earnings for its fiscal 2022 year (ending February) to come in the range of $1.50 to $1.70 per share, well below its prior forecast of $2.13 to $2.43 per share. Holiday sales fell to below prepandemic levels. Sales for the nine weeks ending on December 31 slipped...
Macy's shares plunged on Monday, after the retail company warned that its fourth quarter sales are likely to come in at the lower end of prior forecasts. The company also mentioned that consumer spending is like to face headwinds into the first half of the year. In an investor update, Macy's CEO Jeff Gennette said weakness in non-peak holidays sales were "deeper than anticipated", even as...
Nordstrom posted its third quarter adjusted earnings of $0.20 per share, well above analysts’ expectations of $0.14 per share. The figure was lower than $0.39 per share a year ago, though. Revenues for the quarter slipped -2.5% from the year-ago quarter to $3.55 billion, just ahead of Street forecasts. Sales at Nordstrom Rack fell -1.8% year-over-year. Digital sales were down -16%, partly due...
Macy's posted its second quarter earnings that surpassed the Street consensus. However, the retail company lowered its full-year profit forecast on inflation’s impact on consumer discretionary spending. The company ’s adjusted earnings for the three months ending in April fell 22% from the year-ago quarter to $1 per share, while beating analysts’ expectations of 85 cents share. Net sales fell...
Kohl’s reported results for the quarter ended April, where earnings fell short of analysts’ expectations, even as revenue topped estimates. The department store chain’s earnings per share: for the quarter came in at 11 cents, much lower than the 70 cents expected by analysts polled by analysts polled by Refinitiv. The company, like several other retailers, has faced challenges due to the...
Nordstrom reported quarterly earnings that fell short of analysts’ expectations, amid rising labor costs hurting profits. The retail company’s earnings for the three months ending October came in at 39 cents vs. 56 cents expected by analysts polled by Refinitiv. Revenue of $3.64 billion, however, topped expectations of $3.55 billion. The company’s namesake department store brand’s revenue...
Kohl's Corp. shares got a rating downgrade of two notches from analysts at Bank of America, amid supply chain concerns. Bank of America analysts Lorraine lowered her rating on the retail company’s shares to "underperform", with a $48 price target. Hutchinson cited the impact of supply chain disruptions to hurt the retailer's planned recovery. "Kohl's top performing active brands Nike , Under...
Nordstrom swung to a fiscal-second-quarter profit from the year-ago quarter’s loss.
For the quarter ended July 31, the luxury retail company’s earnings came in at 49 cents a share compared with a loss of -$1.62 a share in the year-earlier quarter.Analysts estimated $3.34 billion.
For the full year, Nordstrom boosted its revenue outlook to 35% from its previous estimate of 25%.
Few industries were as devastated by the pandemic as major retailers, particularly those who rely on in-store experiences. The "big box" retailers were among those hit hard: think Macy's, JC Penney's, Nordstrom, and Kohl's. But as the pandemic risk slowly but surely fades, many of these battered down retailers may present opportunities for investors to buy on the upswing. And compared to...
Nordstrom issued a weaker-than-expected sales growth guidance for fiscal 2021. The luxury department store chain projects a revenue growth of +25%, compared to the Refinitiv analyst consensus of +26.6%. According to Nordstrom’s estimates, digital sales would account for 50% of its revenue. It predicts EBIT will be positive and the leverage ratio will be about 3 times by year-end. Over the...
Kohl's shares got a rating upgrade from analysts at Cowen. Cowen analyst raised their rating on the department-store chain to outperform from market perform. They also boosted their price target on the stock to $52 a share from $39. "Mix is pivoting toward more productive and millennial-focused categories as active should grow to 30%, partnership with Sephora LVMUY is likely a game changer,...
(according to a
CNBC report) The closures are a part of a previously announced plan by Macy’s to shut 125 locations by 2023.The company plans to concentrate on best performing malls and even smaller stores away from malls.
In 2020, Macy’s closed about 30 locations
Currently, Macy’s operates 544 of its namesake department stores, 34 Bloomingdale’s locations, 19 Bloomingdale’s outlets and 166 Bluemercury shops, according to its website
Macy's Inc. reported a third quarter loss narrower than expected.
The retail company’s adjusted loss for the three months ending in October was came in at -19 cents per share, better than the Street consensus forecast of -79 cents per share loss.In the prior-year quarter, earnings were in the positive territory, +7 cents per share.
Revenues dropped -22% year-over-year to $3.99 billion, a figure that also exceeded analysts' estimates of $3.86 billion.
Same-store sales fell - 21% year-over-year.
Kohl’s reported second quarter loss narrower than expected.
The department store chain’s adjusted loss came in at -25 cents a share, compared to analysts’ expectations of -88 cents a share loss (based on FactSet poll).But it was better than the $3.1 billion expected by analysts polled by FactSet.
The company’s online sales surged +58%.
Tickeron's analysis says, KSS enters an Uptrend as Momentum Indicator exceeded the 0 level on August 07, 2020
This indicator signals that KSS's price has momentum to move higher, since its current price moved above its price 14 days ago.