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    • Breaking News
    Sep 12, 2025
    • RH dropped 7.5% to $211.0 after the furniture retailer reported weaker-than-expected revenue in the fiscal second quarter ending on August 2. 

      Revenue rose 8.4% to $899.2 million from $829.7 million, net income soared 79% to $51.7 million from $28.95 million, and diluted earnings per share advanced to $2.62 from $1.45 a year ago. 

      The furniture retailer guided third-quarter revenue growth between 8% and 10% and adjusted operating margin of 12% and 13%; full-year revenue growth between 8% and 10%; and adjusted operating margin of 13% to 14%.
      • Super Micro Computer jumped 6.6% to $46.85, and the company confirmed the start of volume shipments of its custom servers with Nvidia Blackwell Ultra solutions to its worldwide customers.
        • Hooker Furniture Corporation decreased 1.21% to $10.60, and the furniture and home décor manufacturer reported a 68% rise in net loss in the latest quarter ending on August 3.

          Consolidated revenue declined 13.6% to $82 million from $95.1 million, net loss advanced to $3.28 million from $1.95 million, and diluted losses per share expanded to 31 cents from 19 cents a year ago.

          The Home Meridian segment’s net sales declined 44.5% to $13.6 million. 

          "About 40% of the decline came from the project-based hospitality business, where two large projects entered the shipping phase in the second quarter of last year, 35% of the decline came from traditional furniture channels due to macroeconomic pressures and tariff-related hesitancy, and 25% of the decline came from the loss of a major customer that filed for bankruptcy last year," the company said in a statement to investors. 

          During the second quarter, the company paid $5 million in dividends.

          "We are on target for our new expense structure, which reduces our fixed costs by approximately 25%, largely to be in place by the end of the third quarter," said CEO Jeremy Hoff.  

          The company is struggling under high tariffs on lumber from Canada and 20% tariffs on furniture and upholstered products from Vietnam. 

          The company said it's multi-phase restructuring plan is set to achieve annual savings of $25 million starting fiscal 2027.  
          • RH fell 5% to $207.99 after the home furnishing retailer reported a weaker-than-expected sales in the fiscal second quarter ending on August 2.

            Consolidated revenue decreased to $899.2 million from $929 million, net income jumped to $51.7 million from $29 million, and diluted earnings per share rose to $2.62 from $1.45 a year ago.

            The company guided full-year revenue to increase between 9% and 11%, adjusted operating margin to rise between 13% and 14%, adjusted EBITDA margin to be between 19% and 20%, and free cash flow to be between $250 million and $300 million.

            The company guided third-quarter revenue to increase between 8% and 10%, adjusted operating margin to rise between 12% and 34%, and adjusted EBITDA margin to be between 18% and 19%.

            The outlook reflects a 270-bps operating margin impact from international expansion and 120 bps from tariffs, net of mitigations.

            During the second quarter, RH Corp returned a total of $2.2 billion to shareholders through share repurchases.
            • Designer Brands Inc. dropped 7.5% to $4.19 after the footwear manufacturer and retailer reported a 22% decline in net income in the fiscal second quarter ending on August 2.

              Consolidated revenue decreased to $739.8 million from $771.9 million, net income declined to $10.8 million from $13.8 million, diluted earnings per share fell to 22 cents from 24 cents, and comparable sales decreased by 5.0% from a year ago.

              Due to global trade-related uncertainty, the company did not reinstate its full-year 2025 guidance.
              • Sep 11, 2025
              • Chewy Inc. plunged 16.6% to $35.11 despite the online pet food store operator's earnings matching market expectations. 

                Chewy stock had run up in anticipation of its quarterly results in the hopes that the company's results would deliver outsized earnings growth. 

                Consolidated revenue increased 9% to $3.10 billion from $2.85 billion, net income plunged to $62 million from $299.1 million, and diluted earnings per share fell to 14 cents from 68 cents a year ago.

                Autoship sales grew 15%, making up 83% of total sales, indicating customer loyalty, and both active customers and net sales per average customer rose 4.5% to 21 million and $591, respectively.

                Active customers and NSPAC each increased 4.5% from a year ago to nearly 21 million and $591, respectively, highlighting the company’s strong value proposition.

                The company estimated adjusted earnings per share between 28 cents and 33 cents, and sales to range between $3.07 billion and $3.1 billion.

                Chewy hiked its annual revenue guidance to a range of $12.5 billion and $12.6 billion, from the previous range between $12.3 billion and $12.45 billion. 
                • Daktronics Inc. jumped 20.4% to $20.98 after the digital LED display technology and audio systems provider said net income swung to a profit from a year ago in the first quarter ending on August 2.

                  Consolidated revenue decreased to $219 million from $226.1 million, net income swung to a profit of $16.5 million from a loss of $4.9 million, and diluted income per share swung to a profit of 33 cents from a loss of 11 cents a year ago.

                  Daktronics repurchased approximately 0.6 million shares during the quarter, returning $10.7 million to shareholders at an average price of $16.43 per share.
                  • Oxford Industries jumped 16% to $47.02, and the parent company of Tommy Bahama and Lilly Pulitzer branded apparel stores reported better-than-expected adjusted quarterly results. 

                    The specialty apparel retailer said it now expects lower than previously expected tariff expenses in the current financial year.
                    • Sep 10, 2025
                    • Casey's General Stores Inc. surged 5% to $541.48 after the convenience store operator reported a 19% rise in its earnings in the latest quarter ending on July 31.

                      Consolidated revenue increased to $4.6 billion from $4.1 billion, net income advanced to $215 million from $180 million, and diluted earnings per share rose to $5.77 from $4.83 a year ago.

                      During the quarter, the company repurchased approximately $31 million of shares, and the company has approximately $264 million remaining under its existing share repurchase authorization.

                      The company's board declared a cash dividend of $0.57 per share, payable on November 14 to shareholders on record on November 1.

                      Casey's reiterated its fiscal 2026 outlook, and the company estimated EBITDA to grow by 10% to 12% from a year ago, with same-store inside sales increasing 2% to 5% and an inside margin of about 41%.

                       Casey's estimated same-store fuel gallons sold to range from negative 1% to positive 1%, and operating expenses to rise by 8% to 10%. 

                      Casey’s plans to open at least 80 new stores through a mix of acquisitions and new builds, bringing the total to around 500 stores over the three-year strategic plan. 
                      • Oracle Corp. jumped 28.77% to $311.01 after the database developer reported a slight increase in revenue and a marginal decline in net income in the fiscal first quarter ending on August 31.

                        Consolidated revenue advanced to $14.9 billion from $13.3 billion, net income inched lower to $2.927 billion from $2.929 billion, and diluted earnings per share edged down to $1.01 from $1.03 a year ago.

                        The company's board declared a quarterly cash dividend of $0.50 per share, payable on October 23 to shareholders on record on October 9.

                        "We signed four multi-billion-dollar contracts with three different customers in Q1," said Oracle CEO Safra Catz.

                        "This resulted in the contract backlog increasing 359% to $455 billion.

                        It was an astonishing quarter—and demand for Oracle Cloud Infrastructure continues to build.

                        Over the next few months, we expect to sign up several additional multi-billion-dollar customers, and Remaining Performance Obligation is likely to exceed half a trillion dollars," Catz added. 

                        Oracle Cloud Infrastructure revenue is to grow 77% to $18 billion this fiscal year—and then increase to $32 billion, $73 billion, $114 billion, and $144 billion over the subsequent four years."

                        Oracle Chairman and CTO Larry Ellison announced that MultiCloud database revenue from Amazon, Google, and Microsoft grew by an impressive 1,529% year-over-year in the first fiscal quarter.

                        "This growth is to continue as Oracle delivers 37 additional datacenters to its hyperscaler partners, bringing the total to 71," estimated Ellison. 

                        Ellison also revealed that Oracle will launch a new service next month at Oracle AI World called the "Oracle AI Database," which will allow customers to run leading AI models—such as ChatGPT, Gemini, and Grok—directly on top of Oracle Database.