Friday, December 4, 2020
Tags Results forecasts / warnings

Tag: results forecasts / warnings

Costco Wholesale revenue rises 7.3% on coronavirus-induced stockpiling

(Reuters) - Warehouse club operator Costco Wholesale Corp () reported a 7.3% increase in quarterly revenue on Thursday, as people stocked up...

Macy’s forecasts $1 billion quarterly loss due to lockdowns

(Reuters) - Macy's Inc () forecast a quarterly operating loss of up to $1.11 billion on Thursday, as the retailer was forced...

Burberry will not take British state crisis cash to pay staff

LONDON (Reuters) - Luxury brand Burberry () will pay all its staff globally even if they are unable to work due to coronavirus crisis...

Gap warns of cash shortage, suspends rent payments

(Reuters) - Gap Inc () warned on Thursday it may not survive the next 12 months intact and would need to borrow more funds...

Cowen expects Nike’s sales fall $3.5 billion for May quarter

(Reuters) - Nike Inc's () revenue could fall by a third in the fourth quarter, Cowen estimated, as the sportswear giant reels from store...

Ryanair slashes flights, says could ground entire fleet

DUBLIN (Reuters) - Ryanair () will ground most of its aircraft over the next seven to 10 days as Europe's biggest low-cost airline braces...

British Airways-owner to cut capacity by 75%, CEO Walsh staying on

LONDON (Reuters) - The owner of British Airways said it would cut its flying capacity by at least 75% in April and...

Big UK airlines ground most of their fleets to survive coronavirus

LONDON (Reuters) - Britain's big airlines said on Monday they would have to ground most of their fleets to survive the coronavirus crisis, with...

Aramco to cut capital spending over coronavirus; 2019 profits plunge

DUBAI (Reuters) - Saudi Aramco on Sunday said it plans to cut capital spending in the wake of the coronavirus outbreak, and also posted...

Lufthansa slashes flight schedule further, may seek state aid

BERLIN (Reuters) - German flagship carrier Lufthansa () on Friday said it would scrap its annual dividend, slash its flight schedule further and is...