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Business

RH shares slide after company lowers its outlook for the year

Jason Kempin | Getty Images Entertainment | Getty Images High-end furniture chain RH on Wednesday slashed its outlook for 2022 revenue, anticipating consumer demand for its products will continue to soften in the back half of the year. The company now sees annual sales down between 2% and 5%, compared with prior expectations that saw […]

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Business

Bed Bath & Beyond says it’s still open to selling its Buybuy Baby division

A view of the atmosphere during the Whitney Port & Bundle Organics #MomAsYouAre buybuyBABY product launch in Torrance, California. Randy Shropshire | Getty Images As Bed Bath & Beyond shakes up its leadership suite and ousts its CEO, the retailer said Wednesday it remains open to another big change: A potential sale of its baby […]

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Business

Stocks making the biggest moves in the premarket: Nike, Spirit Airlines, Occidental Petroleum and more

Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike fell 2.4% in premarket trading despite reporting better-than-expected quarterly profit and revenue. The athletic apparel and footwear maker forecast current-quarter revenue below analysts’ estimates amid increased promotional activity and ongoing disruptions in its profitable Chia market. Spirit Airlines (SAVE) […]

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Business

Nike earnings top Wall Street’s expectations, despite inflation in the U.S. and Covid lockdowns in China

Nike Air Jordan shoes are seen in the store in Krakow, Poland on August 26, 2021. Jakub Porzycki | Nurphoto | Getty Images Nike on Monday topped Wall Street’s earnings and sales expectations for the fiscal fourth-quarter, as the sneaker giant overcame a Covid lockdown in China and tougher climate for consumers in the U.S. […]

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Life Style

How much are barristers paid: Average earnings and why barristers are striking over pay

Barristers will follow airline staff and rail workers in staging planned strikes from today, in a row over legal aid funding. Around 85.1 percent of criminal barristers who are part of the Criminal Bar Association (CBA), voted in favour of industrial action, but what’s it got to do with their pay? Here’s how much barristers […]

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Pets

KeyCorp Weighs in on Central Garden & Pet’s Q3 2022 Earnings (NASDAQ:CENT)

Central Garden & Pet (NASDAQ:CENT – Get Rating) – Research analysts at KeyCorp lowered their Q3 2022 earnings estimates for shares of Central Garden & Pet in a report released on Wednesday, June 22nd. KeyCorp analyst B. Thomas now anticipates that the company will post earnings per share of $1.28 for the quarter, down from […]

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Business

Stocks making the biggest moves premarket: CarMax, FedEx, Seagen and more

Check out the companies making headlines before the bell: CarMax (KMX) – The automobile retailer beat estimates by 7 cents with quarterly earnings of $1.56 per share, and revenue that also beat analyst forecasts amid what the company called a “challenging” used vehicle market. CarMax added 1.1% in the premarket. FedEx (FDX) – FedEx rallied […]

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Business

Cramer’s week ahead: Next week will be a bellwether for the upcoming earnings season

CNBC’s Jim Cramer on Friday said that next week will be a crucial moment for determining what the upcoming earnings season will look like. “It’s been ages since we’ve been on pre-announcement watch, where companies have to admit that things aren’t going well. Things like higher labor costs, supply chain woes and the Russia-Ukraine war. […]

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Business

The market could reach an ‘investable’ bottom after analysts cut earnings estimates, Jim Cramer says

CNBC’s Jim Cramer on Thursday said that a possible upcoming slew of earnings estimate cuts from analysts could create a sell-off and an opportunity for investors to do some buying. “Over the next few weeks, before earnings season gets rolling, I expect the analysts to hit us with some preemptive estimate cuts while more companies […]

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Business

Olive Garden’s parent company Darden beats earnings estimates as sales jump

An Olive Garden restaurant in Silverdale. Darden Restaurants, Inc. which owns Olive Garden and other restaurant chains is scheduled to report its fourth-quarter 2022 earnings on June 23. Toby Scott | Lightrocket | Getty Images Darden Restaurants’ quarterly earnings and revenue beat analysts’ expectations, shaking off inflationary pressures as diners returned to LongHorn Steakhouse and The Capital […]