Posts Tagged ‘Retail’
This is How Post Malone Helped Crocs Shares Soar
When one hears about Post Malone, whose real name is Austin Richard Post, they think rapper mostly. Little do some know that he also is a big fan of Crocs shoes and has designed a pair himself that sold out in ten minutes. His signature-edition Crocs—a.k.a. the Posty Crocs, are a Croc clog that have…
Read MoreFormer Starbucks leader Howard Schultz May Be Running for President in 2020
Howard Schultz, the former CEO of Starbucks who helped make the company what it is today, may be running against Donald Trump for the 2020 presidency. Schultz had stepped down from his position as CEO of the coffee giant last December, prompting speculation that he was eying a run for the presidency. During that time…
Read MoreKelloggs Sees its Worst Day of Trading in Almost Twenty Years
Shares of Kelloggs were crashing after the company reported its third quarter financial results and slashed its 2018 outlook. The stock saw its biggest daily loss in almost twenty years despite reporting good results but scaring investors with its guidance. For the third quarter, the company reported net income of $380 million, or $1.09 a…
Read MoreUnder Armour Soars on Third Quarter Results but Nike is Still a Threat
Sport apparel company Under Armour was seeing its shares pop after the company reported third quarter results. Under Armour was up nearly 25% after reporting third quarter revenue of $1.443 billion while analysts were expecting $1.41 billion. Net income for the quarter also jumped 40% to hit $75.3 million, or 17 cents a share. Earnings…
Read MoreToys R Us Demise Helped Push Hasbro Shares Lower After Company Reported Q3 Results
Shares of toymaker Hasbro were plummeting after the company reported third quarter results that missed on both the top and bottom line. Revenue for the quarter saw a drop of 12% year over year, GAAP earnings per share sank 1.4%, and EPS adjusted for one-time factors saw a loss of 7.7%. Net revenue at $1.57…
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