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Apr 3, 2025
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UniFirst Corp. edged down 4.7% to $168.90 after the uniform and protective clothing provider reported results for the fiscal second quarter of 2025.
Revenue jumped to $602.22 million from $590.71 million, net income climbed to $24.46 million from $20.46 million, and diluted income per share rose to $1.31 from $1.09 a year ago.
For the year half, revenue increased to $1.21 billion from $1.18 billion, net income jumped to $67.56 million from $62.78 million, and diluted income per share rose to $3.62 from $3.35 a year earlier.
The company guided for fiscal 2025 revenue to be between $2.42 billion and $2.43 billion, compared to $2.43 billion in 2024, and diluted earnings per share between $7.30 and $7.70, compared to $7.77 a year ago. -
RH plunged 26.1% to $184.25 after the retailer of luxury home furniture and decorative products reported fourth quarter of 2024 results.
Revenue increased to $812.41 million from $738.26 million, net income jumped to $13.92 million from $11.38 million, and diluted earnings per share edged up to 69 cents from 57 cents a year ago.
For the full year, revenue climbed to $3.18 billion from $3.03 billion, net income slumped to $72.41 million from $127.56 million, and diluted earnings per share fell to $3.62 from $5.91 a year ago.
The company guided fiscal first quarter 2025 revenue growth to be between 12.5% and 7%, compared to $726.96 million a year ago, an adjusted operating margin of 6.5% to 7.0%, and an adjusted EBITDA margin of 12.5% to 13.0%.
For the full fiscal year 2025, the retailer estimated revenue growth to be between 10% and 13%, adjusted operating margin between 14% and 15%, and adjusted EBITDA margin between 20% and 21%.
The company intends to open seven design galleries, two outdoor galleries, and two new concept galleries during 2025.
“We believe post each opening we will begin to have the scale to support the necessary advertising investments to accelerate our growth in Europe,” the company said in a release to investors.
The lifestyle products retailer expects “an inflection of the business in Europe as the company begins to open in the important brand-building markets of Paris in 2025, plus London and Milan in 2026,” the company added in the statement. -
Progress Software gained 0.2% to $57.90 after the infrastructure software developer reported results for the fiscal first quarter ending in February.
Revenue increased 29% to $238.01 million from $184.68 million, net income slumped 52% to $10.95 million from $22.64 million, and diluted earnings per share fell 53% to 24 cents from 51 cents a year ago.
During the quarter, the company repurchased $30 million of its shares and accelerated repayment of the revolving credit line used to partially finance the ShareFile acquisition, paying down $30 million.
The company guided for the second quarter non-GAAP revenue to be between $235 million and $241 million, compared to $175 million a year ago, and non-GAAP diluted earnings per share between $1.28 and $1.34, compared to $1.09 a year earlier.
For the full year ending in November, the software company estimated non-GAAP revenue to be between $958 million and $970 million, compared to $753.41 million a year ago, and non-GAAP diluted earnings per share between $5.00 and $5.12, compared to $4.93 in 2024. -
XPeng Inc. gained 1.2% to $21.22 after the Chinese electric vehicle maker announced vehicle delivery results for March and the first quarter of 2025.
In March, the company delivered 33,205 electric vehicles, marking a 268% increase year-over-year, surpassing 30,000 units for the fifth consecutive month.
For the first quarter of 2025, XPeng delivered 94,008 EVs, representing a 331% increase compared to the same period last year.
On March 13, the company launched 2025 versions of the XPeng G6 and XPeng G9, and both upgraded versions come standard with 5C AI batteries and Turing AI-powered smart driving features across all trims.
At the same time, XPeng expanded its global presence by entering the Indonesian market.
On March 18, the company announced fourth quarter of 2024 earnings results.
Revenue increased to 16.10 billion yuan from 13.05 billion yuan, net loss shrank to 1.33 billion yuan from 1.35 billion yuan, and diluted loss per share narrowed to 70 cents from a loss of 75 cents a year ago.
Total deliveries of vehicles were 91,507 during the fourth quarter, representing an increase of 52.1% from 60,158 in the corresponding period of 2023.
For the full year 2024, revenue jumped to 40.87 billion yuan from 30.68 billion yuan, net loss shrank to 5.79 billion yuan from 10.37 billion yuan, and diluted loss per share narrowed to 3.06 yuan from a loss of 5.96 yuan a year ago. -
PVH Corp. surged 16.2% to $75.12 after the parent company of the Calvin Klein and Tommy Hilfiger brands reported results for the fourth quarter of 2024.
Revenue declined to $2.37 billion from $2.49 billion, net income edged down to $157.2 million from $271.8 million, and diluted earnings per share fell to $2.83 from $4.55 a year ago.
The company announced $500 million in share repurchases in 2025 after completing approximately $500 million in stock repurchases during 2024.
The accelerated share repurchase agreements will be included under the company’s current $5 billion authorization approved by the Board of Directors, of which $1.8 billion remained available for share repurchases as of February 2.
For the full year 2025, PVH guided revenue to be flat or increase slightly from $8.65 billion in 2024, and non-GAAP earnings per share between $12.40 and $12.75, compared to $11.74 in 2024.
The company estimated for the first quarter of 2025 revenue to be flat or decrease 2% compared to $1.95 billion a year ago, and non-GAAP earnings per share between $2.10 and $2.25, compared to $2.45 in the same quarter a year earlier. -
Steelcase Inc. dropped 0.8% to $11.01 after the furniture design company reported increased revenue in the fiscal fourth quarter of 2025 ending in February.
Revenue jumped to $788.0 million from $775.2 million, net income climbed to $27.6 million from $21.3 million, and diluted earnings per share rose to 23 cents from 18 cents a year ago.
The company guided for the first quarter of 2026 revenue to be between $760 million and $785 million, compared to $727.3 million a year ago, and earnings per share between 10 cents and 14 cents, compared to 9 cents a year earlier.
Steelcase proposed a dividend of 10 cents per share in the quarter and 40 cents per share for the full year, unchanged from a year ago.
The dividend is payable on or before April 21 to shareholders on record as of April 7.
During fiscal 2025, the company repurchased 2.1 million shares for $26.5 million, and a total of $79.9 million remained under the company's share repurchase authorization at the end of the fourth quarter.
Revenue for the full year 2025 increased to $3.17 billion from $3.16 billion, net income edged up to $120.7 million from $81.1 million, and diluted earnings per share rose to $1.02 from 68 cents a year ago.
At the end of the fourth quarter, the company’s backlog was approximately $694 million, which was 11% higher than the prior year.
For fiscal 2026, Steelcase estimated “mid-single-digit” organic revenue growth and order growth rate and modest improvement in the adjusted operating income margin compared to fiscal 2025.
“The company will benefit from continued growth from large corporate customers, the strong beginning backlog of customer orders, and benefits from pricing actions that will offset the impacts of higher tariffs and related inflationary cost increases,” the company said in a release to investors. -
Lululemon Athletica Inc. plunged 12.1% to $301.03, and the sports apparel retailer's results surpassed market expectations, but a weak outlook and tariff worries overshadowed the results.
Revenue increased to $3.6 billion from $3.2 billion a year ago, net income jumped to $748.4 million from $669.45 million, and diluted earnings per share rose to $6.14 from $5.29 a year ago.
Improved results were driven by higher net revenue in all company segments: Americas, China, and the rest of the world.
Global comparable sales increased 3%, or 4% on a constant dollar basis.
Sales in the Americas region increased 7%, or 8% on a constant dollar basis, with comparable sales remaining flat in the quarter.
Sales in China surged 46%, or 48% on a constant dollar basis, with comparable sales advancing 26%, or 27% on a constant dollar basis.
Lululemon guided for fiscal 2025 revenue to be between $11.15 billion and $11.30 billion, or growth of only 5% to 7%, compared to $10.59 billion in 2024.
Diluted earnings per share are expected to be between $14.95 and $15.15 per share for the year, compared to $14.64 per share in 2024.
For the first quarter of 2025, the company estimated net revenue to be between $2.33 billion and $2.35 billion, or growth of 6% to 7%, compared to $2.21 billion a year ago, and diluted earnings per share between $2.53 and $2.58, compared to $2.54 in the same quarter a year ago.
China's net revenue was $425.0 million, or 12% of total revenue, compared to $290.7 million, or 9% of total revenue, in the fourth quarter of 2023.
Lululemon opened 13 new stores in China during the quarter, three net new stores in the Americas, and two new stores in its rest of the world segment.
Total company-operated stores at the end of the quarter increased to 747, compared to 711 for the same period in 2023.
During the quarter, the company repurchased 0.9 million shares for $332.2 million. -
Li Ning Company ADR gained 0.9% to $54.55 after the Chinese sportswear company reported increased sales in 2024.
Revenue jumped 3.9% to 28.67 billion yuan from 27.60 billion yuan, profit declined 5.5% to 3.01 billion yuan from 3.19 billion yuan, and diluted earnings per share dropped to 116.52 yuan from 122.66 yuan a year ago.
“In terms of marketing, LI-NING YOUNG carefully planned a series of offline youth activities and cross-border collaborations, focusing on popular sports including basketball, football, running, and outdoor activities to showcase the brand’s diverse appeal,” the company said in a release to investors.
The company paid an interim dividend of 37.75 cents per share for 2024, compared to 36.20 cents per share in 2023.
The company proposed a final dividend of 20.73 cents per share, compared to 18.54 cents per share in 2023, payable on June 27 to shareholders on record as of June 19.
After the final dividend, Li Ning paid a total of 1.51 billion yuan, up from 1.43 billion yuan a year earlier. -
Haier Smart Home ADR gained 2.1% to $13.79 after the Hong Kong-based home appliances provider reported results for 2024.
Operating revenue increased to 285.98 billion yuan from 274.20 billion yuan, net profit jumped to 18.74 billion yuan from 16.60 billion yuan, and diluted earnings per share rose to 2.02 yuan from 1.78 yuan a year ago. -
Chewy Inc. dropped 0.7% to $33.0 after the online pet food retailer reported increased sales in the fiscal fourth quarter of 2024 ending in February.
Net sales increased to $3.25 billion from $2.82 billion, net income declined to $22.79 million from $31.89 million, and diluted earnings per share fell to 5 cents from 7 cents a year ago.
For the full year, net sales edged up to $11.86 billion from $11.15 billion, net income surged to $392.74 million from $39.58 million, and diluted earnings per share increased to 91 cents from 9 cents a year ago.
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