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(Reuters) -Yum Brands surpassed Wall Street estimates for fourth-quarter comparable sales on Thursday as value offerings from Taco Bell attracted budget-conscious U.S. consumers to the popular Tex-Mex chain, sending its shares up about 7%. Fast-food chains from McDonald’s to Burger King are leaning on their value meals to revive demand, after high prices of essentials …

Taco Bell parent serves up sales beat as value meals whet demand Read More »

By Michael Erman and Sriparna Roy (Reuters) -Bristol Myers Squibb on Thursday said its 2025 revenue would fall more sharply than Wall Street had forecast due to generic competition for some of its older drugs, sending its share down nearly 3% in early trading. The drugmaker also said it is expanding its cost-cutting program by …

Bristol Myers forecasts steeper drop in 2025 revenue, shares fall Read More »

By Aatrayee Chatterjee (Reuters) -Canada Goose Holdings trimmed its annual profit forecast and missed market estimates for third-quarter revenue on Thursday due to choppy sales in China, a key market for luxury goods, sending its shares down 4% in morning trading. Weak consumer spending in China, which is grappling with youth unemployment and a property …

Canada Goose cuts annual profit forecast on feeble demand in crucial market China Read More »

By Aishwarya Jain (Reuters) – Hilton Worldwide beat Wall Street estimates for fourth-quarter profit on Thursday, as strong demand for business travel led to higher bookings for the hotel operator, sending its shares up 5% in morning trading. The company said bookings for company meetings, conventions and social events were strong and drove higher rates. …

Hilton quarterly profit beats estimates on strong business travel demand Read More »

(Reuters) -Xcel Energy missed Wall Street estimates for fourth-quarter profit on Thursday, as the utility firm was hurt by higher expenses on the back of maintenance activities, sending its shares down 1.6% in morning trade. The Minneapolis, Minnesota-based Xcel reported quarterly operating and maintenance expenses of $618 million, up 6.6% from a year earlier. The …

Xcel Energy misses quarterly profit estimates on higher maintenance expenses Read More »

By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits increased moderately last week, consistent with steadily easing labor market conditions, though opportunities for those out of work are becoming scarce amid tepid hiring.  Initial claims for state unemployment benefits rose 11,000 to a seasonally adjusted 219,000 for the week …

US weekly jobless claims edge up; worker productivity growth slows Read More »

By Zaheer Kachwala (Reuters) -Roblox forecast annual bookings below estimates on Thursday, sparking fears that growth at the videogame platform was slowing after years of breakneck progress, sending its shares down 17%. The company expects bookings for 2025 to be between $5.20 billion and $5.30 billion, the midpoint of which was below estimates of $5.27 …

Roblox fans gaming industry gloom with weak forecast, shares tank Read More »

By Ananya Mariam Rajesh (Reuters) -Ralph Lauren raised its annual revenue forecast on Thursday as the apparel maker bet on younger shoppers picking up its spring collection of dresses, floral dinner jackets and Polo shirts, sending its shares up 15%. Unlike European fashion houses Hugo Boss and Kering, Ralph Lauren has enjoyed strong demand as …

Ralph Lauren’s dresses, Polo shirts drive sales forecast raise Read More »

By Savyata Mishra (Reuters) -Tapestry on Thursday raised its annual sales and profit forecast, as its pricey Tabby bags remain a big draw among shoppers in North America, Europe and China, sending its shares surging 16% in early trading. The New York-based firm also posted better-than-expected second-quarter results as sales of its Coach brand rose …

Tapestry shares soar as demand for Tabby bags drives upbeat forecast Read More »