Category: Market News
Facebook parent Meta Platforms Inc. FB, +1.92% on Tuesday named DoorDash Inc. DASH, +7.64% Chief Executive Tony Xu to its board, effective immediately. “Tony has built a great service for millions of people to get food and more from hundreds of thousands of restaurants and small businesses,” Meta CEO Mark Zuckerberg said in a statement. […]
Given an outlook for high U.S. inflation that’s likely to persist beyond 2022, Gargi Chaudhuri of BlackRock Inc., the world’s biggest asset manager, says investors should continue to hedge their portfolios with exchange-traded funds focused on inflation-linked bonds, commodities, infrastructure and real estate. Wednesday’s consumer-price report for December is likely to produce a headline year-over-year […]
Oreo is celebrating 110 years with a limited-edition Oreo Chocolate Confetti Cake Cookie, made with rainbow sprinkles both in the cookie and on the outside. The cookie will be available on January 31, though pre-sales started on Tuesday. Oreo officially turns 110 on March 6. The iconic cookie brand previously announced two new flavors coming […]
Xponential Fitness Inc. XPOF, -2.06% said Tuesday that it expects 2021 revenue in the range of $147.0 million to $148.5 million and new studios in the range of 230 to 250. The FactSet consensus is for revenue of $148.1 million and 241.5 new studios. For the full year ending Dec. 31, 2021, the company surpassed […]
Urban Outfitters Inc. URBN, -1.84% said Tuesday that holiday season sales for the two-month period ending Dec. 31, 2021 rose 14.6% versus the same period in 2019. Comparable retail sales rose 47% at Free People, 15% at Anthropologie, and 3% at the namesake Urban Outfitters chain. Wholesale net sales fell 18%, primarily due to Free […]
Canadian cannabis company Organigram Holdings Inc. OGI, +6.79% said Tuesday it had a net loss of C$1.305 million ($1.0 million) in its fiscal first quarter to Nov. 30, narrower than the loss of C$34.3 million posted in the year-earlier period. The company did not offer a per-share breakdown in its earnings release. Revenue climbed to […]
Stocks ended mostly lower but well off session lows Monday, with the tech-heavy Nasdaq Composite erasing its early plunge to eke out a small gain. The Nasdaq COMP, +0.05% finished with a gain of around 7 points, or less than 0.1%, near 14,943, according to preliminary figures, after falling as much as 2.7% at its […]
Shares of Big Lots Inc. BIG, -6.70% fell more than 7% in the extended session Monday after the retailer said it has been seeing “softening of traffic and sales trends” in January caused by the spread of the omicron variant of the coronavirus in addition to winter weather. The company said that could lead to […]
Abercrombie & Fitch Co. ANF, -2.53% shares jumped more than 6% late Monday after the retailer said it expects fiscal 2021 net sales to be between 19% and 20% higher than its 2020 net sales of $3.13 billion, and up between 2% and 3% compared with 2019 net sales. Abercrombie tweaked its fiscal 2021 fourth-quarter […]
Peer-to-peer car-sharing company Turo has filed for an initial public offering, according to a filing late Monday. Turo, based in San Francisco, filed to sell up to $100 million worth of shares, although that figure is often a placeholder used to calculate fees. The company plans to list its stock on the New York Stock […]
