Earnings Forecast Archive

Zalando Raises Full-Year Forecast After Third-Quarter Profit

BERLIN, Germany — Online apparel retailer Zalando SE raised its full-year forecast after it made an unexpected profit before interest and tax in the third quarter. Zalando said the operating margin should be 5 percent to 6 percent in 2016 in a statement released late Tuesday, compared with a previous range of 4 percent to 5.5 percent. Earnings before interest and tax were €8 million …

Target Cuts Outlook as it Sees Fewer Customers in Stores

NEW YORK, United States — Target Corp. cut its profit forecast and a key sales outlook Wednesday as it saw fewer customers in its stores and acknowledged it did not push the second part of its “Expect More, Pay Less” slogan. The Minneapolis-based discounter’s second-quarter net income fell nearly 10 percent, though that was better than what most had expected. Sales at stores open at …

Michael Kors Provides Cautious Forecast After First-Quarter Beat

NEW YORK, United States — Michael Kors Holdings Ltd. provided a cautious forecast for earnings and sales this year, showing that luxury-goods makers are navigating a turbulent retail environment. Profit will be $4.56 to $4.64 a share, excluding some items, in the year through March 2017, and total revenue will be flat, the London-based company said in a statement Wednesday. That matches the company’s earlier forecast, …

Hugo Boss Lowers Profit Outlook as Sales Slow

METZINGEN, Germany — Hugo Boss AG lowered its profit forecast for 2016 as the struggling German fashion label reported a fall in second-quarter sales, highlighting the challenge facing new chief executive officer Mark Langer. Earnings before interest, taxes, depreciation and amortisation and other items will decline by 17 percent to 23 percent in 2016, the Metzingen, Germany-based company said in a statement on Friday. That …