Canadian athletic apparel maker Lululemon Athletica posted first-quarter profit that beat expectations on Thursday as revenue jumped 25 percent, sending the company’s shares to an all-time high in after-hours trade. Second-quarter earnings are expected to be between 46 and 48 cents per share on revenue of $660 million to $665 million, the Vancouver-based company said
Warehouse club operator Costco Wholesale reported third-quarter results that topped analysts’ estimates, but price cuts and higher freight costs weighed on its gross margins, sending its shares lower in extended trading. The retailer has aggressively cut prices in order to lure back customers to its wholesale supermarkets, following Amazon.com’s foray into brick-and-mortar retail with the
A number of rare Winnie the Pooh sketches by British illustrator E.H. Shepard are on display and going up for auction at Sotheby’s in London. The sketches were featured in A.A. Milne’s famed series of children’s books chronicling the adventures of Winnie the Pooh and have not been seen in more than half a century.
Investors betting on buying in bulk have been rewarded this year. Shares of wholesale retailer Costco have jumped more than 7 percent this year, outperforming retail stocks and the broader market in that time; the S&P retail ETF (XRT) has risen more than 4 percent in 2018. Some strategists say the stock can continue to
Discount store operator Dollar Tree on Thursday reported first-quarter same-store sales that missed analysts’ estimates as performance at its namesake and Family Dollar banner lagged due to colder-than-normal spring weather. Sales at established stores open for more than a year rose 1.4 percent, lower than the average analysts’ estimate of 2.19 percent, according to Thomson