DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "DKS"


14 mentions found


☆ Peloton forecasts third-quarter revenue above expectations; cash burn slows
  + stars: | 2023-02-01 | by ( Priyamvada C | ) www.reuters.com   time to read: +2 min
Shares of the fitness equipment maker were up 4% before the bell after it also reported a slowing cash burn on a string of cost-cutting measures. In response, the company had announced plans to sell its fitness equipment on e-commerce giant Amazon.com (AMZN.O) and at Dick's Sporting Goods Inc (DKS.N) stores. Peloton CEO Barry McCarthy, in a letter to investors, outlined goals of returning to revenue growth and reach cash flow breakeven on a sustained basis in his second year in the role. For the third quarter, Peloton forecast revenue between $690 million and $715 million, above expectations of $689.1 million, as per Refinitiv data. Cash burn fell to $94.4 million from $546.7 million.
☆ Hoka sneakers: Why these chunky, ugly running shoes are selling like crazy
  + stars: | 2023-01-31 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +4 min
Hoka, which started in 2009 in France as a running shoe for hardcore marathoners, is growing rapidly with casual runners, hikers and weightlifters. “There wasn’t anyone doing what Hoka was doing.”But Hoka carved out a niche in specialty running shops. By 2019, Hoka sales topped $220 million. “We don’t see this as just a running brand,” Deckers CEO David Powers said in October. “This is a running, trail, hike brand that is more like a North Face” than Brooks running shoes.
☆ Morgan Stanley says these attractive stocks have the best risk-reward for 2023
  + stars: | 2023-01-14 | by ( Michael Bloom | ) www.cnbc.com   time to read: +6 min
They include Dick's Sporting Goods, Verizon , Alibaba, Constellation Brands and Sealed Air. Dick's Sporting Goods It's been an "Olympic transformation" for the sporting goods retailer, according to analyst Simeon Gutman. Dick's Sporting Goods made pre-pandemic structural changes that leaves the company with a "faster-growing & more profitable business," Gutman added. Meanwhile, he said the retailer's customers have gotten wealthier and the sporting goods category has room for growth. Sealed Air The maker of bubble wrap and other packaging products is firing on all cylinders, according to analyst Angel Castillo and his team.
☆ Here are Monday's biggest analyst calls: Apple, Tesla, Amazon, Netflix, Alibaba, Meta, Uber & more
  + stars: | 2023-01-09 | by ( Michael Bloom | ) www.cnbc.com   time to read: +7 min
Here are Monday's biggest calls on Wall Street: Bernstein reiterates Apple as market perform Bernstein said it's concerned about disappointing iPhone revenues for Apple. Guggenheim upgrades AutoZone to buy from neutral Guggenheim said it sees "operational improvement" for the auto parts retailer. KeyBanc upgrades Visa and Mastercard to overweight from sector weight KeyBanc upgraded several credit card stocks on Monday and said it sees "growth durability." "Bank stocks face another year of uncertainty with revenue forecasts challenged, provisions for credit on the rise, and capital return mostly sidelined ahead of a recession." Bank of America names Ferrari a top 2023 pick Bank of America said the luxury car company has pricing power.
☆ Nike sales may soar as discounts draw shoppers; margin squeeze looms
  + stars: | 2022-12-19 | by ( Deborah Mary Sophia | ) www.reuters.com   time to read: +2 min
Analysts are projecting a near 11% jump in quarterly sales as a bounce in its U.S. business may help overcome weakness in the China market. "While retailers were initially worried about the amount of Nike inventory being shipped, the consumer is showing up and buying the Nike brand," Credit Suisse analyst Michael Binetti wrote in a note on Friday. "Most retailers have been worryingly low on Nike inventory for 2 years and are just happy to have enough to drive their apparel & footwear categories at this point," Binetti said. Reuters GraphicsLockdowns in China in October and November are also expected to be a drag on its sales in the region for the second quarter. The company reported a 20% slump in Greater China revenue in the same period last year and a 16% fall in the prior quarter ended Aug. 31.
☆ Jim Cramer: Our allies — and enemies — hold the keys to unlocking this market
  + stars: | 2022-11-27 | by ( Jim Cramer | ) www.cnbc.com   time to read: +7 min
What is confounding us has more to do with the actions of our allies and — just call it as we see it — our enemies. It's incredible how irrational it has all gone and how isolated China really turns out to be. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
☆ Stocks making the biggest moves premarket: Best Buy, Dick's Sporting, Abercrombie & Fitch and others
  + stars: | 2022-11-22 | by ( Peter Schacknow | ) www.cnbc.com   time to read: +2 min
Check out the companies making headlines before the bell:Best Buy (BBY) – Best Buy rallied 7% in the premarket after its third-quarter results beat analyst estimates. Dick's Sporting Goods (DKS) – The sporting goods retailer reported better-than-expected third-quarter profit and revenue and an unexpected increase in comparable store sales. Dick's initially surged more than 7% in premarket trading before it dipped negative. Abercrombie & Fitch (ANF) – Abercrombie & Fitch soared 12.8% in premarket action after reporting an unexpected quarterly profit and beating Street revenue forecasts. Dell Technologies (DELL) – Dell fell 1.6% in premarket trading amid a weaker-than-expected current quarter revenue forecast.
☆ What Cramer is watching Tuesday — Nasdaq tough year, seasonal oil strength, P&G looking good
  + stars: | 2022-11-22 | by ( Jim Cramer | ) www.cnbc.com   time to read: +5 min
Citi lowers DVN price target by $2 pe share to $78; keeps buy rating. Piper Sandler cuts Club holding Amazon (AMZN) price target to $119 per share from $125. Honeywell (HON), also a Club stock, is an underappreciated tech franchise, JPMorgan says. Zoom Video (ZM) catches multiple price target cuts on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
☆ Investors have very little to be thankful for in 2022
  + stars: | 2022-11-20 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +7 min
Oil stocks have been huge winners this year, thanks to the spike in crude prices…which boosted sales and profits. For now, at least, energy investors are reaping the rewards. And there are also opportunities for investors looking for a little more risk…and potential reward. Finally, investors who’ve bet against the stock market also can give thanks for this year’s volatility. PC giants Dell (DELL) and HP (HPQ) also report results this week.
☆ The week in review, the week ahead — Nov. 18, 2022
  + stars: | 2022-11-18 | by ( Zev Fima | ) www.cnbc.com   time to read: +5 min
It certainly gave the market some pause in the back half of the week. Looking ahead, we remind members that markets will be closed on Thursday for Thanksgiving, and will close early at 1:00 p.m. Also Thursday, initial jobless claims for the week ending Nov. 12 came in at 222,000, a decrease of 4,000 from the prior week and below expectations of 228,000. Below are some other earnings reports and economic numbers to watch in the week ahead. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
☆ D.H. Peligro, drummer of legendary punk rock band Dead Kennedys, dies at 63
  + stars: | 2022-10-30 | by ( Alaa Elassar | ) edition.cnn.com   time to read: +2 min
CNN —D.H. Peligro, a drummer for punk rock icons the Dead Kennedys and formerly the Red Hot Chili Peppers, died Friday from a head injury, his band announced. “Police on the scene stated that he died from trauma to the head caused by an accidental fall,” a statement from the Dead Kennedys read. He was a drummer for punk rock legends the Dead Kennedys until the band’s breakup in 1986, after which he joined the Red Hot Chili Peppers for some time, CNN affiliate KARE reported. His passion for punk rock and funky music continued with his new band, Peligro, which featured him as a singer and guitarist. Other fellow bandmates and friends, including Red Hot Chili Peppers bassist Flea, have also taken to social media with tributes to Peligro.
☆ Peloton races tough economic cycle
  + stars: | 2022-10-06 | by ( ) www.reuters.com   time to read: +2 min
TORONTO, Oct 6 (Reuters Breakingviews) - Peloton Interactive (PTON.O) is pedaling as fast as it can. The maker of connected bikes plans to cut 500 more jobs, or about 12% of its workforce, according to the Wall Street Journal. And even though McCarthy has steadily trimmed the cash burn, free cash flow was a hefty negative $412 million in the three months to June 30. Peloton, whose market value has plummeted 90% in a year, is coming precariously close to the end of a wild ride. (By Sharon Lam)Register now for FREE unlimited access to Reuters.com RegisterFollow @Breakingviews on Twitter(The author is a Reuters Breakingviews columnist.
☆ Peloton is undergoing another round of layoffs to ‘save’ the company
  + stars: | 2022-10-06 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +2 min
New York CNN Business —Peloton is undergoing another round of layoffs — its fourth this year — with about 500 jobs being eliminated, as the troubled exercise company looks to cut costs to improve its bottom line. The company announced in August that it was closing a substantial amount of its 86 retail stores in North America. “Together, we have dramatically restructured Peloton’s business. He announced layoffs of 800 employees in early August to “become more efficient, cost effective, and agile.” Other changes outsourcing delivery — which is currently done by Peloton employees — and customer service to third parties. Update: This story has been updated with Peloton’s statement and details of the CEO’s memo to employees.
☆ Peloton to sell bikes, treadmills at Dick's Sporting Goods stores
  + stars: | 2022-09-29 | by ( ) www.reuters.com   time to read: +1 min
A Dick's Sporting Goods store is closed due to the outbreak of coronavirus disease (COVID-19) in Washington, DC, U.S. April 10, 2020. REUTERS/Joshua RobertsSept 29 (Reuters) - Peloton Interactive Inc (PTON.O) said on Thursday it will start selling its bikes, treadmills and other products in Dick's Sporting Goods Inc (DKS.N) stores, as the exercise bike maker looks to expand its customer base to lift sagging sales. Following the partnership, Peloton's products will be available in more than 100 Dick's Sporting Goods stores and also on its e-commerce platform, according to the statement. Last month, Peloton struck a partnership with Amazon.com Inc to sell some of its fitness equipment on the online retailer's U.S. platform. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Aishwarya Nair in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.
<< prev 2 next >>
Total: 14