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    • Breaking News
    Jun 6, 2025
    • Lululemon Athletica Inc. plunged 22.4% to $256.78 after the apparel company reported lower earnings for its first quarter of fiscal 2025, ending on May 4.

      Revenue climbed to $2.37 billion from $2.20 billion, net income fell to $314.57 million from $321.42 million, and diluted earnings per share rose to $2.60 from $2.54 a year ago because of a fewer outstanding shares. 

      Comparable sales increased 1% from a year earlier, as sales in the Americas decreased 1% and international sales edged up 7% on a constant dollar basis.

      The company repurchased 1.4 million of its shares for a cost of $430.4 million in the quarter and added three new company-operated stores, ending with 770 stores.

      Lululemon guided second-quarter revenue to be between $2.53 billion and $2.56 billion, an increase of 7% to 8% from $2.37 billion, and diluted earnings per share between $2.85 and $2.90, compared to $3.15 a year ago, respectively.

      For the full year, the apparel retailer estimated revenue to range between $11.15 billion and $11.30 billion, representing growth of 5% to 7% from $10.59 billion, and diluted earnings per share between $14.58 and $14.78, compared to $14.64 a year earlier, respectively.
      • Lands’ End Inc. dropped 4.8% to $8.51 after the apparel and footwear retailer reported an expanding net loss for the first quarter of fiscal 2025, ending on May 2.

        Revenue declined to $261.21 million from $285.47 million, net loss widened to $8.26 million from a loss of $6.44 million, and diluted loss per share expanded to 27 cents from a loss of 20 cents a year ago.

        The company repurchased $2.8 million of its own stock during the quarter, and as of May 2, additional repurchases of up to $10.6 million remained under authorization through March 31, 2026.

        The retailer guided full-year revenue to range between $1.33 billion and $1.45 billion, net income between $8.0 million and $20.0 million, and diluted earnings per share between 25 cents and 64 cents.

        In comparison, fiscal 2024 revenue was $1.36 billion, net income was $6.23 million, and diluted earnings per share were 20 cents.
        • Ciena Corp. eased 0.1% to $73.00 after the provider of networking systems reported results of its second quarter of fiscal 2025, ending on May 3.

          Revenue increased to $1.12 billion from $910.83 million, net income swung to a profit of $8.97 million from a loss of $16.85 million, and diluted earnings per share swung to a profit of 6 cents from a loss of 12 cents a year ago.

          Inventories totaled $874.3 million, compared to $1.02 billion a year earlier.

          The company repurchased approximately 1.2 million shares for a total of $84.3 million during the quarter.
          • DocuSign Inc. slumped 16.8% to $77.30 despite the e-signature software provider reporting strong results for the first quarter of fiscal 2026, ending on April 30.

            Revenue jumped to $763.65 million from $709.64 million, net income edged up to $72.09 million from $33.76 million, and diluted earnings per share rose to 34 cents from 16 cents a year ago.

            The company repurchased its own common stock worth $183.4 million, compared to $149.1 million in the previous year, and as of June 5, the company has up to $1.4 billion under stock repurchase authorization.

            DocuSign guided second-quarter revenue to be between $777 million and $781 million, compared to $736 million a year earlier.

            For the full year, the company estimated total sales to range between $3.15 billion and $3.16 billion, compared to $2.98 billion in the previous year.
            • Broadcom Inc. dropped 4.2% to $249.00 despite the provider of semiconductor and infrastructure software solutions reporting higher earnings for its second quarter of fiscal 2025 ending on May 4.

              Revenue edged up to $15.0 billion from $12.49 billion, net income jumped to $4.96 billion from $2.12 billion, and diluted earnings per share rose to $1.03 from 44 cents a year ago.

              The company repurchased 25.3 million shares for $4.22 billion in the quarter.

              In addition, Broadcom announced a quarterly cash dividend of 59 cents per share, payable on June 30 to shareholders on record on June 20.

              The company guided third-quarter revenue to be approximately $15.8 billion, compared to $13.1 billion a year earlier.
              • Jun 5, 2025
              • MongoDB Inc. surged 19.2% to $238.01 after the data storage company reported higher revenue in the first quarter of fiscal 2026, ending on April 30.

                Revenue edged up to $549.01 million from $450.56 million, net loss shrank to $37.63 million from a loss of $80.59 million, and diluted loss per share narrowed to 46 cents from a loss of $1.10 a year ago.

                The company added 2,600 customers in the quarter, with over 57,100 total customers as of April 30.

                The data storage provider issued an additional share repurchase authorization of $800 million, bringing the total buyback authorization to $1 billion.

                The company guided second-quarter revenue to be between $548.0 million and $553.0 million, compared to $478.1 million, and non-GAAP earnings per share between 62 cents and 66 cents, compared to 70 cents a year earlier, respectively.

                Non-GAAP income from operations is expected to be between $55.0 million and $59.0 million in the second quarter, compared to $52.5 million in the previous year.

                For the full year, MongoDB estimated sales to be between $2.25 billion and $2.29 billion, compared to $2.01 billion, and non-GAAP earnings per share between $2.94 and $3.12, compared to $3.66 a year ago, respectively.

                Non-GAAP income from operations is expected to be between $267.0 million and $287.0 million in fiscal 2026, compared to $299.3 million in the previous year.
                • PVH Corp. slumped 12.5% to $70.70 after the parent company of Calvin Klein and Tommy Hilfiger swung to a loss in the first quarter of 2025 and lowered its annual outlook.

                  Revenue increased to $1.98 billion from $1.95 billion, net income swung to a loss of $44.8 million from a profit of $151.4 million, and diluted earnings per share swung to a loss of 88 cents from a profit of $2.59 a year ago.

                  Tommy Hilfiger sales increased 3%, while Calvin Klein sales were flat from a year earlier.

                  During the first quarter, the company repurchased 5.4 million shares of its own stock and paid $561 million in connection with the accelerated share repurchase agreements and open market purchases.

                  The retailer guided full-year revenue to be flat to slightly up on a constant currency basis, compared to $8.65 billion, and non-GAAP earnings per share between $10.75 and $11.00, compared to $11.74 in 2024, respectively.

                  The previous guidance was for non-GAAP earnings of $12.40 to $12.75 per share.

                  PVH estimated second-quarter revenue to increase by low single digits, compared to $2.07 billion, and non-GAAP earnings per share to be between $1.85 and $2.00, compared to $3.01 in the previous year, respectively.
                  • Five Below Inc. surged 4.6% to $126.85 after the specialty discount store chain operator reported higher revenue and profit in the fiscal first quarter of 2025, ending on May 3.

                    Net sales increased to $970.53 million from $811.86 million, net income jumped to $41.15 million from $31.47 million, and diluted earnings per share rose to 75 cents from 57 cents a year ago.

                    The company guided second-quarter net sales to range between $975 million and $995 million, compared to $830.1 million, and diluted earnings per share between 45 cents and 57 cents, compared to 60 cents a year earlier, respectively.

                    In the second quarter, the company expects net income to be between $25 million and $32 million, compared to $33 million a year ago.

                    For the full year, the discount retailer estimated net sales to range between $4.33 billion and $4.42 billion, compared to $3.88 billion, and diluted earnings per share between $4.04 and $4.51, compared to $4.60 a year earlier.

                    Net income in the full year is expected to range between $223 million and $249 million, compared to $253.6 million in 2024.
                    • Jun 4, 2025
                    • Dollar Tree Inc. eased 2.3% to $94.48 after the discount retailer reported fiscal first quarter 2025 results and issued a cautious outlook.

                      Net sales in the quarter ending on May  3 climbed to $4.64 billion from $4.16 billion, net income edged up to $343.4 million from $300.1 million, and diluted earnings per share from continuing operations rose to $1.47 from $1.23 a year ago.

                      Diluted earnings per share from discontinued operations inched down to 14 cents from 15 cents a year earlier.

                      Same-store sales increased 5.4% in the quarter, with traffic up 2.5% and average ticket size up 2.8%.

                      The company estimated full-year net sales to range between $18.5 billion and $19.1 billion, compared to $17.6 billion a year earlier, and comparable store sales to increase between 3% and 5%.

                      Dollar Tree also expects full-year adjusted diluted earnings per share from continuing operations to be between $5.15 and $5.65, compared to $4.83 a year ago.

                      Dollar Tree expanded its operations, opening 148 new stores during the first quarter.

                      During the second quarter, the company is expected to sell its Family Dollar business to Brigade and Macellum for $1.007 billion.

                      “We expect second-quarter adjusted EPS from continuing operations could be down as much as 45% to 50% year-over-year before re-accelerating in the third and fourth quarters to meet our full-year earnings outlook,” the company said in a release to investors.

                      Second-quarter comparable sales growth will be towards the higher end of the full-year outlook range of 3% to 5%, the company added in the statement.
                      • Asana Inc. dropped 8% to $17.48 despite the team collaboration and work management software company reporting higher revenue in the first quarter of 2026 ending on April 30.

                        Revenue jumped to $187.27 million from $172.45 million, net loss shrank to $40.02 million from a loss of $63.72 million, and diluted loss per share narrowed to 17 cents from a loss of 28 cents a year ago.

                        The company guided second-quarter revenue to be between $192.0 million and $194.0 million, an increase of 7% to 8% from $179.2 million, and non-GAAP net income per share between 4 cents and 5 cents, compared to a loss of 5 cents a year ago, respectively.

                        For the full year, the software company estimated revenue to be between $775.0 million and $790.0 million, an increase of 7% to 9% from $723.9 million, and non-GAAP net income per share of 22 cents, compared to a loss of 13 cents a year earlier, respectively.