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    • Breaking News
    Sep 28, 2023
    • GameStop Corp edged up 0.1% to $17.17 after the company appointed activist investor Ryan Cohen as the company's chief executive effective immediately. 

      The company fired its chief executive Matthew Furlong three months after the retailer continued to struggle with sales and its restructuring plan. 
      • Peloton Interactive Inc jumped 2.5% to $4.79 after the company signed a five-year strategic partnership with Lululemon. 

        Peloton agreed to provide its content on Lululemon's exercise app, and Lululemon will become primary apparel provider. 
        • CarMax Inc dropped 9.9% to $71.80 on the weakening demand for used vehicles and the used-car dealer reported mixed quarterly results. 

          Net revenue in the fiscal second quarter ending in August fell 13.1% to $7.1 billion and the company purchased 292,000  vehicles from customers and dealers, a 14.9% decline from a year ago.

          Retail and wholesale vehicle sales declined 9% to 342,662 units from a year ago and online retail sales accounted for 14% of retail sales compared to 11% in the quarter a year ago. 

          Total retail used vehicle sales declined 7.4% to 200,825 units and comparable unit sales declined 9% from a year ago. 

          Total wholesale unit sales decreased 11.2% from a year ago to 141,837 units.  

          Net income in the quarter declined to $118.6 million from $125.9 million and diluted earnings per share dropped to 75 cents from 79 cents a year ago. 
          • Concentrix Corp soared 10.1% to $81.41 despite the customer engagement services provider reported weaker-than-expected sales and earnings. 

            Revenue in the fiscal third quarter ending in August increased 3.4% to $1.62 billion from $1.57 billon and net income dropped to $77.6 million from $106.7 million and diluted earnings per share dropped to $1.49 from $2.04 a year ago.    

            The company paid a 27.5 cents per share quarterly dividend on August 8 and the Board of Directors declared a quarterly dividend of 30.25 per share payable on November 7 to shareholders of record at the close of business on October 27.

            The company forecasted fiscal fourth quarter revenue between $2.19 billion and $2.215 billion and adjusted non-GAPP diluted earnings per share between $3.03 and $3.15.  
            • Sep 27, 2023
            • Target Corp edged slightly higher to $109.55 after the company said it plans to close nine stores in several states after repeated theft incidences, store violence and crime. 

              The retail chain said it will shutter stores in New York City, Seattle, Portland and San Francisco-Oakland area. 
              • Costco Wholesale Corp decreased 1.7% to 543.49 after the membership warehouse retailer reported better-than-expected quarterly results. 

                Net sales in  the fourth quarter ending in September increased 9.4% to $77.43 billion from $70.76 billion a year ago. 

                Comparable companywide sales, adjusted for gasoline prices and foreign exchange, increased 3.8% and the U.S. sales rose 3.1% from a year ago. 

                Net income in the quarter increased to $2.16 billion from $1.868 billion and diluted earnings per share rose to $4.86 from $4.20 a year earlier. 
                • Sep 26, 2023
                • Thor industries rose 1.% to $95.68 after the company reported revenue declined 28.4% in its latest quarter of $2.74 billion. 

                  Net income in the quarter declined to $90.3 million from $280.9 million and diluted earnings per share fell to $1.68 from $5.15 a year ago.  

                  The company also forecasted revenue to decline in the next fiscal year to between $10.5 billion and $11.0 billion from $11.2 billion in fiscal 2023. 
                  • United Natural Foods Inc dropped 23% to $14.44 after the company reported weaker-than-expected sales in its latest quarter and forecasted additional weakness in sales and operating earnings in the current quarter. 

                    Revenue in the fiscal fourth quarter ending in July increased 2.0% to $7.4 billion but the company swung to a net loss of $68 million from a profit of $39 million and diluted earnings per share was ($1.15) compared to 63 cents a year ago. 

                    The company forecasted fiscal 2024 revenue between $30.9 billion and $31.5 billion and net loss between $110 and $36 million and diluted loss per share between 60 cents and $1.86. 
                    • Amazon.com Inc declined 2.5% to $127.96 after the online retailer and marketplace operator was sued by the Federal Trade Commission and attorney generals of 17 states accused company of "monopoly power" and charge higher prices for customers and unlawfully exclude rivals. 
                      • Sep 25, 2023
                      • Amazon.com Inc inched higher 1.3% to $130.65 after the company said it plans to invest up to $4 billion in artifiical intelligence tools developer Anthropic, a rival to ChatGPT developer OpenAI.