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Top StoriesGolden Goose Targets $2 Billion Market Cap in Milan IPO
Zara Owner Inditex Reports Slowing Quarterly Sales Growth
Date: June 5, 2024
Zara owner Inditex reports slowing quarterly sales growth MADRID (Reuters) -Zara owner Inditex grew its sales by 7% in the first quarter of its fiscal year, it said on Wednesday, in line with analysts’ expectations. The performance represented a slowdown from a year ago when it benefited from a post-pandemic shopping spree. Inditex, which also...
Birkenstock Raises Annual Revenue Forecast on Strong Footwear Demand
Date: May 30, 2024
Birkenstock raises annual revenue forecast on strong footwear demand (Reuters) – Birkenstock raised its annual revenue forecast on Thursday, as the German sandal maker bets on benefits from full-price selling and strong demand for its closed-toe silhouettes and cork-based sandals. Wholesale retailers are still stocking up on in-demand products like Birkenstock despite a wider effort...
Sneaker Maker Golden Goose Aims to List in Milan in June
Date: May 30, 2024
Sneaker maker Golden Goose aims to list in Milan in June MILAN (Reuters) – Italian luxury sneaker brand Golden Goose said on Thursday it aims to list on Milan’s Euronext in June. The offer will consist of 100 million euros ($107.92 million) of new shares and existing shares, to reach a free float equal to...
Uber Shares Tumble as Weaker Ride-Share Demand Hurts Q2 Forecast
Date: May 8, 2024
Uber shares tumble as weaker ride-share demand hurts Q2 forecast By Yuvraj Malik (Reuters) -Uber posted a surprise quarterly loss and forecast gross bookings below Wall Street expectations, sending its shares down 9% and putting the ride-share and food delivery company on course to shed more than $10 billion in market value. Uber’s disappointing forecast...
Pandora Raises Revenue Forecast as US Sales Sparkle
Date: May 2, 2024
Pandora raises revenue forecast as US sales sparkle By Isabelle Yr Carlsson and Helen Reid COPENHAGEN (Reuters) -Pandora, the world’s largest jewellery maker, raised its full-year revenue guidance on Thursday after beating first quarter sales and profit forecasts as it won market share in the United States, its biggest market. The Danish company’s shares jumped...
Soaring Cocoa Prices Put Spotlight on Hershey, Mondelez Earnings
Date: April 29, 2024
Soaring cocoa prices put spotlight on Hershey, Mondelez earnings By Granth Vanaik (Reuters) – Hershey and Mondelez International investors will be eager to see how the chocolate makers plan to tackle the recent surge in cocoa and sugar prices when they report first quarter results this week. These companies have already been grappling with heightened...