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Wednesday, August 31, 2022

Vera Bradley Trims FY23 Outlook After Slipping To Loss In Q2

While reporting financial results for the second quarter on Wednesday, Vera Bradley, Inc. (VRA) trimmed its earnings and revenue guidance for the full-year 2023, as it expects the challenging macroeconomic environment to continue for the balance of the year.

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Chico's FAS Boosts FY22 Outlook As Q2 Results Top Estimates

Fashion retailer Chico's Fas Inc. (CHS) on Wednesday reported that net income for the second quarter surged to $41.96 million or $0.34 per share from $26.19 million or $0.21 per share in the year-ago quarter, driven by strong comparable sales growth and gross margin expansion.

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Baidu Swings To Profit In Q2, But Revenue Down 5%

Chinese Internet company Baidu.com reported Tuesday a profit for the second quarter compared to a loss last year, which was weighed down by a hefty fair value loss from long-term investments. The company said it continued to optimize costs and enhance operational efficiency.

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Best Buy Slashes FY23 Comp Sales Outlook - Update

While reporting financial results for the second quarter on Thursday, electronics retailer Best Buy Co., Inc. (BBY) slashed its comparable sales growth guidance for the full-year 2023 and provided comparable sales growth outlook for the third quarter.

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IQIYI Reports Narrower Loss In Q2, Announces $500 Mln Private Placement With PAG

Chinese online entertainment service company iQIYI, Inc. (IQ) Tuesday announced loss for the second quarter that narrowed from the prior year.

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JinkoSolar Slips To Loss In Q2

JinkoSolar Holding Co., Ltd. (JKS) reported Friday that net loss attributable to the company's ordinary shareholders for the second quarter was RMB623.3 million or US$93.1 million, compared to net income of RMB66.2 million in the prior-year quarter. Loss per ADS was RMB12.60 or US$1.88, compared to earnings per ADS of RMB1.38 last year.

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Walmart To Join With MyQ Technology For In Garange Delivery

Walmart Inc. (WMT) will join with myQ smart garage technology to expand in garage delivery through Walmart+InHome. Using the myQ app, Walmart+InHome members could get delivery of groceries and other essentials online from Walmart at their garage. Returns also could be managed in a secure and controlled manner.

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