Breaking News
Sep 5, 2025
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Lululemon Athletica Inc. plunged 19% to $167.77 after the athleisure retailer reported a slight increase in revenue and a marginal decline in net income in the second quarter ending on August 3.
Consolidated revenue edged higher to $2.5 billion from $2.4 billion, net income declined to $370.9 million from $392.9 million, and diluted earnings per share fell to $3.10 from $3.15 a year ago.
During the second quarter, Lululemon returned a total of $278.5 million to shareholders through repurchases of 1.1 million shares.
The company added 14 net new company-operated stores during the second quarter, ending with 784 stores.
Overall comparable sales increased 1%; in the Americas, comparable sales declined 4%, or 3% on a constant dollar basis, offset by an international comparable sales increase of 15%, or 13% on a constant dollar basis.
Lululemon guided third-quarter revenue to be between $2.47 billion and $2.50 billion, and diluted earnings per share between $2.18 and $2.23.
The company estimated diluted earnings per share between $12.77 and $12.97 and full-year revenue between $10.85 billion and $11.0 billion.
"While we continued to see positive momentum overall in our international regions in the second quarter, we are disappointed with our U.S. business results and aspects of our product execution," said Calvin McDonald, Chief Executive Officer.
"In the second quarter, we exceeded expectations on EPS, but revenue fell short of our guidance, driven predominantly by our U.S. business.
We are also navigating industry-wide challenges, including higher tariff rates. In light of these dynamics, we are revising our full-year outlook," said Meghan Frank, Chief Financial Officer. -
Broadcom Inc. fell 0.7% to $332.41 despite the provider of semiconductor and infrastructure software solutions’ net income swinging to a profit from a year ago in the fiscal third quarter.
Consolidated revenue inched higher to $15.95 billion from $13.07 billion, net income swung to a profit of $4.14 billion from a loss of $1.88 billion, and diluted earnings per share rose to an income of 85 cents from a loss of 40 cents a year ago.
The company's board declared a cash dividend of $0.59 per share, payable on September 30 to shareholders on record on September 22.
During the third quarter, Broadcom returned $2.8 billion to shareholders through cash dividends.
The company estimated fiscal fourth-quarter revenue of approximately $17.4 billion and adjusted EBITDA to be approximately 67% of projected revenue.
"Broadcom achieved record third-quarter revenue, driven by continued strength in custom AI accelerators, networking, and VMware," said Hock Tan, president and chief executive officer.
AI revenue in Q3 grew 63% year-over-year to $5.2 billion.
We expect this growth to accelerate further in the fourth quarter, with AI semiconductor revenue projected to reach $6.2 billion—marking eleven consecutive quarters of growth, as our customers continue to invest aggressively.” -
Signet Jewelers Ltd. advanced 6.2% to $93.50 after the specialty retailer's quarterly results surpassed market expectations.
Revenue in the fiscal second quarter ending on August 2 increased 3% to $1.5 billion, driven by a same-store sales increase of 2%.
The price increases drove gross margin expansion by 60 basis points. 38.6%
Net loss in the quarter shrank to $9.1 million from $101.5 million, and diluted loss per share eased to 22 cents from $2.28 a year ago.
Signet declared a cash dividend of 32 cents per share on November 21 to shareholders on record on October 24.
The company revised the full-year fiscal 2026 sales estimate from the previous range between $6.57 billion and $6.80 billion to a new range between $6.67 billion and $6.82 billion.
The same-store sales growth estimate was revised to between a decrease of 0.75% and an increase of 1.75% from the previous estimate of between a decline of 2.0% and an increase of 1.50%.
The company's guidance adjusted annual diluted earnings per share to a new range between $8.04 and $9.57 from the previous range between $7.70 and $9.38. -
Zscaler Inc. fell 0.9% to $274.57 after the cloud security provider reported an 18% increase in net loss in the fourth quarter ending on July 31.
Consolidated revenue increased 21% to $719.2 million from $592.9 million, net loss advanced to $17.6 million from $14.9 million, and diluted losses per share expanded to 11 cents from 10 cents a year ago.
Zscaler estimated fiscal first quarter revenue to be between $772 million and $774 million, adjusted income from operations between $166 million and $168 million, and adjusted net income per share between 85 cents and 86 cents.
Non-GAAP net income expanded to $146.7 million from $115.8 million in the fourth quarter of fiscal 2024.
Zscaler guided full-year fiscal 2026 revenue to be between $3.265 billion and $3.284 billion, adjusted income from operations between $728 million and $736 million, and adjusted net income per share between $3.64 and $3.6. -
Burlington Stores Inc. traded flat at $290.68 after the off-price department store retailer reported a 28% increase in net income in the fiscal second quarter ending on August 2.
Consolidated revenue increased to $2.7 billion from $2.46 billion, net income jumped to $94.2 million from $73.8 million, and diluted earnings per share rose to $1.47 from $1.15 a year ago.
During the fiscal second quarter, Burlington returned a total of $26 million to shareholders through the repurchase of 102,474 shares of its common stock.
As of the end of the fiscal second quarter, the company had $632 million remaining under its share repurchase program authorizations.
The company guided third-quarter net sales to increase between 5% and 7%, comparable store sales to rise between zero and 2%, an effective tax rate expected to be 25%, and adjusted diluted earnings per share between $1.50 and $1.60.
The company guided full-year net sales to increase between 7% and 8%, comparable store sales to rise between 1% and 2%, an effective tax rate expected to be 25%, and adjusted diluted earnings per share between $9.19 and $9.59.
“Comparable store sales increased 5%, which was on top of 5% comparable store sales growth in the second quarter of last year," said CEO Michael O’Sullivan.
O'Sullivan added adjusted EBIT margin increased 120 basis points, while adjusted EPS grew 39% versus the second quarter of last year, driven by "higher merchandise margin, lower freight expense, and leverage on SG&A expenses.” -
Victoria's Secret & Co. fell 0.4% to $22.94 after the women's innerwear retailer reported a 49% decrease in profit in the fiscal second quarter ending on August 2.
Consolidated revenue edged higher to $1.46 billion from $1.42 billion, net income declined to $16.22 million from $31.80 million, and diluted earnings per share dropped to 20 cents from 40 cents a year ago.
The company guided third-quarter revenue to be between $1.39 billion and $1.42 billion, adjusted operating loss between $35 million and $55 million, and adjusted net loss earnings per share between 55 cents and 75 cents.
The specialty retailer guided full-year revenue to be between $6.33 billion and $6.41 billion, adjusted operating income between $270 million and $320 million.
The company estimated a net tariff impact of approximately $100 million on its annual earnings. -
Marvell Technology Inc. gained 0.2% to $63 after the semiconductor provider's net income swung to a profit from a year ago in the fiscal second quarter ending on August 2.
Consolidated revenue advanced 58% to $2 billion from $1.27 billion, net income swung to a profit of $194.8 million from a loss of $193.3 million, and diluted earnings per share rose to an income of 22 cents from a loss of 22 cents a year ago.
Marvell guided third-quarter revenue to be $2.06 billion and diluted earnings per share to be $2.03 with a band of 5 cents, with adjusted diluted earnings per share between 74 cents with a band of 5 cents.
"Marvell's growth is being fueled by strong AI demand for our custom silicon and electro-optics products, as well as a significant increase in the pace of recovery in our enterprise networking and carrier infrastructure end markets.
Our custom AI design activity is at an all-time high, with the Marvell team now engaged in over 50 new opportunities across more than 10 customers," said Matt Murphy, Marvell's Chairman and CEO. -
Dollar General Corp. fell 0.4% to $111.25 after the discount retailer reported a 9% rise in earnings in the fiscal second quarter ending on August 1.
Consolidated revenue inched higher to $10.7 billion from $10.2 billion, net income climbed to $411 million from $374 million, and diluted earnings per share soared to $1.86 from $1.70 a year ago.
The discount retailer estimated fiscal 2025 net revenue to increase between 4.3% and 4.8%, same-store sales to rise between 2.1% and 2.6%, and diluted earnings per share to be between $5.80 and 6.30.
The company’s financial guidance continues to assume no share repurchases in fiscal year 2025 and an effective tax rate of 23.5%.
The company's board declared a quarterly cash dividend of $0.59 per share, payable on October 21 to shareholders on record on October 7.
The company reiterated its plans to execute approximately 4,885 real estate projects in fiscal year 2025, including opening approximately 575 new stores in the U.S. and up to 15 new stores in Mexico.
The retailer plans to remodel approximately 2,000 stores through "Project Renovate" and 2,250 stores through "Project Elevate," and relocate approximately 45 stores. -
Dell Technologies Inc. fell 5.3% to $127 despite the computer products and services provider reporting a rise in net income in the fiscal second quarter ending on August 1.
Consolidated revenue increased 19% to $29.78 billion from $25 billion, net income jumped 32% to $1.16 billion from $882 million, and diluted earnings per share rose 38% to $1.70 from $1.23 a year ago.
Dell Technologies returned $1.3 billion to shareholders in the quarter through share repurchases and dividends.
Dell guided fiscal third-quarter revenue to be between $26.5 billion and $27.5 billion, with diluted earnings per share expected to be $2.07 and adjusted diluted earnings per share to be $2.45 at the midpoint, respectively.
Dell guided full-year revenue between $105 billion and $109 billion, diluted earnings per share of $7.98, and adjusted diluted earnings per share to be $9.55 at the midpoint, respectively.
“We’ve now shipped $10 billion of AI solutions in the first half of FY26, surpassing all shipments in FY25. This helped deliver another record revenue quarter in our Servers and Networking business, which grew 69%,” said Jeff Clarke, vice chairman and chief operating officer, Dell Technologies. -
Best Buy Co. Inc. decreased 0.5% to $72.31 after the consumer electronics retailer reported a 36% decline in profit in the fiscal second quarter ending on August 2.
Consolidated revenue edged higher to $9.4 billion from $9.3 billion, net income declined to $186 million from $291 million, and diluted earnings per share dropped to 87 cents from $1.34 a year ago.
Best Buy reiterates its full-year revenue estimate to be between $41.1 billion and $41.9 billion, adjusted operating income rate to be 4.2%, comparable sales to rise 1%, and adjusted diluted earnings per share to be between $6.15 and $6.30.
For the full year, the company expects to spend approximately $300 million on share repurchases.
During the second quarter, the company returned a total of $266 million to shareholders through dividends of $201 million and share repurchases of $65 million.
For the year-to-date, the company returned a total of $568 million to shareholders, including $403 million in dividends and $165 million in share repurchases.
The company's board declared a quarterly cash dividend of $0.95 per share, payable on October 9 to shareholders on record on September 18.
Best Buy delivered comparable sales growth of 1.6% in the second quarter.
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