Retail

Chewy (CHWY), Etsy (ETSY) jump as consumer price hikes take hold

November 13, 2021 12:21 PM AEDT| By Versha Jain

Highlights Chewy Inc. (NYSE: CHWY) and Etsy Inc. (NASDAQ: ETSY) stocks rose over 7% on Friday. CHWY stock declined 14.44% YTD, while the ETSY stock grew 52.97% in the same period. Chewy’s net sales jumped 26.8% in the August quar.....

Allbirds IPO (BIRD): Stock jumps 90% in Nasdaq debut

November 05, 2021 04:38 AM AEDT| By Versha Jain

Allbirds, Inc. (NASDAQ: BIRD) stock closed the first-day trading on NASDAQ Wednesday with over 90% gain. The price had more than doubled in intraday trading, rising as much as US$31. IPO price Allbirds Inc priced its Class A Common Sto.....

Estee Lauder (EL) posts net income of US$692 million in Q1

November 03, 2021 06:20 AM AEDT| By Versha Jain

Highlights Estee Lauder Companies, Inc. (NYSE: EL) posted net sales of US$4,392 million, up 23% YoY. Its earnings per share diluted increased by 32%, and adjusted EPS diluted rose 29%. The company expects net sales to be in the upward range of.....

Coca-Cola to fully acquire sports drink brand BodyArmor for US$5.6 bn

November 02, 2021 03:48 AM AEDT| By Sanjeeb Baruah

Highlights Monday's announcement marks a major shift from its strategy to discontinue energy drinks and focus on sodas last year. Coca-Cola said BodyArmor currently has a 50% growth rate, with US$1.4 billion in annual retail sales. The bever.....

Colgate-Palmolive’s (CL) net income declines but revenue up

October 30, 2021 05:29 AM AEDT| By Sanjeeb Baruah

Highlights Colgate-Palmolive Company (NYSE: CL) net and organic sales grew by 6.5% and 4.5%, respectively, in the third quarter of 2021. The company’s net income was US$634 million compared to US$698 million a year ago. The company.....

Trick-or-Treating: Here’re five Halloween stocks to explore

October 30, 2021 05:24 AM AEDT| By Ipsita Sarkar

Highlights Mondelez International, Inc’s (NASDAQ: MDLZ) revenue rose 12% YoY in Q2, FY21. Gap, Inc’s (NYSE: GPS) net sales surged 29% YoY in Q2, FY21. The Hershey Company’s (NYSE: HSY) net sales grew over 6% YoY in Q3, FY21. .....

McDonald's (MCD) Q3 profits soar as global store sales grow

October 28, 2021 07:59 AM AEDT| By Sanjeeb Baruah

Highlights McDonald's consolidated revenue increased by 14% YoY to US$6.20 billion in the quarter. The net income jumped 22% YoY to US$2.15 billion from 1.76 billion in Q3, 2020. McDonald's US sales were up 9.6% YoY in the quarter, while glo.....

Coca Cola (KO), Kraft Heinz (KHC) raise outlook after Q3 results

October 28, 2021 04:40 AM AEDT| By Ipsita Sarkar

Highlights Coca-Cola Company (NYSE: KO) net revenues for the third quarter ended Oct 1, 2021, grew 16% to US$10.0 billion. The Kraft Heinz Company (NASDAQ: KHC) reported a 1.3% growth in organic net sales YoY. Its net income grew 23.2% YoY to U.....

Crocs Inc. (CROX) stock jumps on strong Q3 results, revenue guidance

October 22, 2021 06:20 AM AEDT| By Sanjeeb Baruah

Highlights Crocs’ revenue jumped 73.0% YoY to US$625.9 million, helped by strong sales growth, mainly in the Americas, followed by Asia Pacific, Europe, Middle East, and Africa. The company’s online sales accounted for 36.8% of the .....

As Halloween shopping gets underway, here’re five stocks to consider

October 12, 2021 11:17 AM AEDT| By Ipsita Sarkar

Highlights The National Retail Federation (NRF) expects Halloween spending to be around US$10.1 billion this year. The Hershey Company (NYSE: HSY) is expected to report its third-quarter earnings on Oct 28. Walmart Inc. (NYSE: WMT) will .....

Are you an ETF fan? Here’re five rising retail ETFs to explore in Q4

October 09, 2021 12:34 PM AEDT| By Sanjeeb Baruah

Highlights The SPDR S&P Retail ETF (XRT) gave around 41% return YTD. Its closing price was US$89.63 on Oct 6. The First Trust Nasdaq Retail ETF (FTXD) gave a YTD return of 20.44%, and its dividend yield is 1.03. VanEck Retail ET.....

Earnings Update: Levi Strauss’ (LEVI) net revenue jumps 41% in Q3

October 07, 2021 11:19 AM AEDT| By Sanjeeb Baruah

Highlights Levi Strauss & Co’s (NYSE: LEVI) adjusted net income rose to US$197 million in Q3 2021, from US$31 million in Q3, 2020. The company’s net revenue rose by 41% YoY to US$1.5 billion. The adjusted diluted EPS rose from.....

Retail stocks under US$100 to watch ahead of the festive season

September 03, 2021 09:07 AM AEST| By Sanjeeb Baruah

Highlights Bath & Body Works, Inc. (NYSE: BBWI) reported net sales of US$1.7 billion in Q2, 2021. The Gap, Inc. (NYSE GPS) reported US$258 net income in Q2, 2021. Big Lots, Inc’s (NYSE: BIG) gross profit was US$577.8 million in Q2, 2.....

Peloton (PTON), Big Lots (BIG) stocks decline after quarterly earnings

August 28, 2021 02:58 AM AEST| By Team Kalkine Media

Highlights Net sales of Big Lots Inc. (NYSE: BIG) decreased 11.4% YoY. Peloton Interactive Inc’s (NASDAQ: PTON) revenue rose by 54% YoY. The BIG stock jumped more than 28 YTD. Stocks of Big Lots Inc. (NYSE: BIG) and Peloton Interact.....

Ulta Beauty (ULTA), Coty (COTY) stocks rally after quarterly sales jump

August 27, 2021 02:29 AM AEST| By Ipsita Sarkar

Highlights The net sales of Ulta Beauty, Inc. (NASDAQ: ULTA) rose 60.2% YoY. ULTA stock soared more than 38% year-to-date. The net revenue of Coty Inc. (NYSE: COTY) soared 89.6% YoY in Q2. The stocks of Ulta Beauty, Inc. (NASDAQ: ULTA) an.....

Styling it right: Six fashion stocks that are hard to miss

August 26, 2021 06:32 AM AEST| By Ipsita Sarkar

The Dow Jones US Clothing and Accessories Index (DJUSCF) gave a 13.75% return YTD. It is because the clothing or fashion companies are witnessing a strong comeback from the pandemic recession. For instance, all major apparel businesses in the US ar.....