Scratch-Offs carry New Jersey Lottery through sharp sales decline
TRENTON, NJ – New Jersey Lottery sales totaled $3.3 billion for the fiscal year ending Sunday, a decline of $288 million or 7.9 percent from the previous year, but still resulted in…
Home Depot 2024 forecast in focus as investors pin hopes on sales recovery
By Deborah Mary Sophia (Reuters) – Home Depot’s annual forecast will be the prime focus for investors when the U.S. home improvement bellwether reports fourth-quarter results on Tuesday, as they scour for…
Frigid temperatures chill US retail sales, factory production
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales fell by the most in 10 months in January, but economists cautioned against reading too much into the sharp drop amid frigid temperatures…
Chinese major cities ease home purchase limits to boost sales
BEIJING (Reuters) – Two of China’s major cities, Suzhou and Shanghai, followed Guangzhou in easing home-buying restrictions, in an effort to boost property sales as persistent weakness in confidence delays a recovery…
Food distributor Sysco misses Q2 sales estimates on slowing demand
(Reuters) – Sysco missed Wall Street expectations for its second-quarter sales on Tuesday, as demand for custom meat cuts and high-quality seafood petered out in the face of still-high inflation. With customers…
PulteGroup misses revenue estimates as home sales slow
(Reuters) – PulteGroup missed Wall Street estimates for fourth-quarter revenue on Tuesday, as it sold fewer homes at lower prices to offset a hit to demand from higher mortgage rates. The 30-year…
German car sales to lag global recovery, industry warns
BERLIN (Reuters) – German car sales are lagging the recovery in the global passenger car market, with 2024 sales expected to be 25% below pre-pandemic levels, data from German auto association VDA…
US Arms Sales Reach Record High
US Arms Sales Reach Record High Robert Schmad on January 29, 2024 The value of U.S. military equipment sold to foreign governments reached a record high in the 2023 fiscal year, according…
Nucor’s fourth-quarter sales, profit decline on lower pricing, volumes
(Reuters) – Steelmaker Nucor Corp posted a decline in its fourth-quarter profit on Monday, hurt by lower pricing of its products and sales volumes across all its segments. The Charlotte, North Carolina-based…
Super Micro surges as sales projection fuels AI rally
(Reuters) – Super Micro Computer’s stock jumped almost 10% to a record high in extended trade on Monday, extending its recent AI-fueled rally after the server seller projected stronger-than-expected quarterly sales. The…
Alphabet, Meta ad sales in Q4 unlikely to reflect gen AI investments
By Sheila Dang AUSTIN, Texas (Reuters) – Despite the buzz over generative artificial intelligence last year, the technology’s impact on the advertising business of Alphabet and Meta Platforms is likely to be…
IKEA cuts prices to boost sales as raw material costs ease
LONDON (Reuters) – IKEA is investing in price cuts on some products across a range of countries, including Belgium, Canada and India, as the furniture retailer aims to unwind increases it introduced…
US new vehicle sales to slip in January – report
(Reuters) – U.S. new vehicle sales are expected to fall 1.5% in January from a year earlier on seasonally slower sales and signs of cooling demand for electric vehicles, according to findings…
Colgate-Palmolive sees sales slowing in 2024 as muted volumes weigh
(Reuters) – Colgate-Palmolive on Friday forecast fiscal 2024 sales below estimates, as higher prices of its oral and personal care products continue to weigh on volumes. The toothpaste maker expects annual sales…
Weyerhaeuser adjusted profit chipped by tepid wood products sales
(Reuters) – U.S. timber company Weyerhaeuser posted a lower adjusted profit on Thursday, hit by weakness in its wood products business. The Seattle, Washington-based firm reported an adjusted net profit of $121…
Ferragamo CEO warns turnaround may take longer after 2023 sales drop
MILAN (Reuters) – Sales at Italian luxury goods group Salvatore Ferragamo dropped by 8.1% at constant currencies last year, prompting Chief Executive Marco Gobbetti to warn that hitting turnaround goals could take…
US new home sales rebound in December as mortgage rate retreat
WASHINGTON (Reuters) – Sales of new U.S. single-family homes increased strongly in December, boosted by declining mortgage rates and a persistent shortage of previously owned houses on the market. New home sales…
Canada December factory sales most likely fell 0.6% -Statscan flash estimate
OTTAWA (Reuters) – Canadian factory sales most likely fell 0.6% in December from November, largely due to decreases in the transportation equipment and chemical product subsectors, Statistics Canada said in a flash…
Hot sauce maker McCormick forecasts weak 2024 on falling sales volumes
(Reuters) – McCormick on Thursday forecast its annual sales and profit below Wall Street estimates, hit by lower sales volumes as consumers traded down to cheaper private label alternatives for spices and…
Blackstone’s fourth-quarter earnings rise 4% as asset sales pick up
By Chibuike Oguh NEW YORK (Reuters) – Blackstone Inc reported a 4% rise in its fourth-quarter distributable earnings on Thursday, as the world’s largest private equity firm cashed out on more of…
STMicro sees Q1 sales well below estimates as auto chip demand softens
By Michal Aleksandrowicz (Reuters) -European chipmaker STMicroelectronics on Thursday forecast a more than 15% drop in first-quarter revenue, well below market expectations, due to softer automotive demand and a further decline in…
Video-game market recovery to pick up steam in 2024 on strong console sales – report
(Reuters) – A recovery in the global video-game market is expected to pick up pace this year on the back of strong sales of Microsoft’s Xbox and Sony’s PlayStation 5 consoles, according…
Inflation trumps retail sales for sterling speculators
By Alun John LONDON (Reuters) – Sterling traders are betting that sticky inflation will outweigh slowing retail sales when the Bank of England puts economic data on the scales and makes its…
Foreign auto brands boost exports as China sales remain weak – data
SHANGHAI (Reuters) – Foreign carmakers that have been losing market share to local rivals in China have boosted exports from the world’s largest auto market, accounting for more than a fifth of…
US existing home sales fall in December, supply shows signs of improvement
WASHINGTON (Reuters) – U.S. existing home sales fell in December to the lowest level in nearly 13-1/2 years, but a recovery could be in the cards this year as mortgage rates decline…
Lamborghini topped 10,000 sales last year for first time, CEO says
MILAN (Reuters) – Italian luxury sports carmaker Lamborghini sold over 10,000 vehicles last year for the first time, its Chairman and Chief Executive Stephan Winkelmann said on Tuesday. “I am so incredibly…
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