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Quarterly reports

Peloton revenue beats as pandemic boosts demand for fitness equipment

Peloton revenue beats as pandemic boosts demand for fitness equipment

Source: Reuters
Date of Publication: September 10th, 2020
Peloton Interactive Inc PTON.O beat analysts' estimates for quarterly revenue on Thursday as the exercise bike maker benefited from a surge in subscribers and demand for its fitness products during the coronavirus pandemic.
Macy's posts smaller-than-expected loss, shares rise

Macy's posts smaller-than-expected loss, shares rise

Source: Reuters
Date of Publication: September 2nd, 2020
Macy’s Inc (M.N) reported a smaller-than-expected quarterly loss and beat sales estimates on Wednesday, as shoppers stuck indoors due to the COVID-19 pandemic bought more apparel using the department store chain’s app and website.
U.S. scraps Philips ventilator order in 2020 earnings blow

U.S. scraps Philips ventilator order in 2020 earnings blow

Source: Reuters
Date of Publication: August 31st, 2020
Philips (PHG.AS) said the U.S. Department of Health had cancelled most of an order for 43,000 ventilators, leading the Dutch medical equipment maker to cut its 2020 earnings outlook.
Best Buy warns of slowing sales after work-from-home boom

Best Buy warns of slowing sales after work-from-home boom

Source: Reuters
Date of Publication: August 25th, 2020
Best Buy Co Inc (BBY.N) warned on Tuesday of a slowdown in sales growth in the third quarter as it faced risks from unemployment, lower government stimulus and lockdown-hit global supply chains, sending the shares of the U.S. consumer electronics retailer down 4%.
J.M. Smucker raises profit forecast on upbeat demand

J.M. Smucker raises profit forecast on upbeat demand

Source: Reuters
Date of Publication: August 25th, 2020
J.M. Smucker Co on Tuesday raised its forecast for fiscal 2021 adjusted profit, after the Jif peanut butter maker topped estimates for first-quarter sales on strong demand for its coffee, frozen sandwiches and fruit spreads.
TJX forecasts current-quarter comparable sales to drop up to 20%

TJX forecasts current-quarter comparable sales to drop up to 20%

Source: Reuters
Date of Publication: August 19th, 2020
TJX Cos Inc (TJX.N) on Wednesday forecast current-quarter same-store sales to fall up to 20% after reporting a bigger-than-expected loss for the previous three months, sending the off-price retailer’s shares down about 7%.
Estee Lauder forecasts profit below expectations, to cut up to 2,000 jobs

Estee Lauder forecasts profit below expectations, to cut up to 2,000 jobs

Source: Reuters
Date of Publication: August 20th, 2020
Estee Lauder Cos Inc (EL.N) forecast current-quarter profit below analysts’ estimates on Thursday after posting a bigger-than-expected quarterly loss, as travel restrictions and store closures put in place to contain the spread of coronavirus dampened demand for its premium makeup brands.
Walmart results expected to show improved margins, online sales

Walmart results expected to show improved margins, online sales

By: Aishwarya Venugopal, Melissa Fares
Source: Reuters
Date of Publication: August 17th, 2020
Walmart Inc’s (WMT.N) margins and online sales are expected to benefit in the second quarter as the largest U.S. retailer cashed in on shoppers using government stimulus checks to buy higher-priced products like sneakers and toys along with daily essentials.
Home Depot posts record sales as demand for DIY products surges

Home Depot posts record sales as demand for DIY products surges

Source: Reuters
Date of Publication: August 18th, 2020
Home Depot Inc (HD.N) reported its biggest rise in quarterly same-store sales in at least two decades on Tuesday as demand for paint, tools and other home improvement products surged from consumers stuck indoors due to the COVID-19 pandemic.
Mall owner Simon Property profit disappoints as pandemic cuts shopping days

Mall owner Simon Property profit disappoints as pandemic cuts shopping days

Source: Reuters
Date of Publication: August 10th, 2020
Simon Property Group Inc (SPG.N) missed Wall Street estimates for quarterly profit on Monday, hurt by unpaid rent from retailers across its U.S. malls who suffered a total loss of 10,500 shopping days due to coronavirus-led lockdowns.