We are making progress with this customer and
expect sales declines in soup to moderate in the second half.
«We are making progress with this customer and
expect sales declines in soup to moderate in the second half,» she said.
Last month, the burger giant posted a steeper than
expected sales decline, with global sales at restaurants open for more than a year falling 1.8 % in January, the eighth straight month of falling sales.
But the chain still
expects a sales decline for the year as a whole.
Not exact matches
Earlier this week, its shares took a beating when it reported a 3.5 %
decline in quarterly
sales and profits were well below what Wall Street analysts had been
expecting and continuing a long
decline in cereal
sales.
May 1 - High - end handbag maker Tapestry Inc reported lower third - quarter margins and a steeper - than -
expected decline in same - store
sales at its newly - absorbed Kate Spade business, sending its shares down as much as 14 percent.
The 4 % negative volume effect mainly results from the
expected decline in
sales quotas in Fluorogases, which was more than offset by the increase in HFC prices.
Other companies reporting quarterly results today include book retailer Barnes & Noble (BKS), which is
expected to report a
decline in its fourth - quarter
sales — a drop that would represent the company's fourth - straight quarterly
decline — as the retailer faces the increasing threat of online rivals as well as underwhelming demand for its Nook e-readers.
After months of
declines in Apple «s stock, sentiment appears to be mending as investors focus on steady earnings expectations and bet that the
expected launch of a new iPhone will add badly - needed fuel to sputtering
sales.
The company
expects resource - related
sales to
decline by 20 % in 2014, as commodity prices continue to struggle.
Already in March most indicators have disappointed: the U.S. economy added a dismal 88,000 jobs last month, less than half as many as analysts
expected; retail
sales dropped 0.4 %, the largest
decline since June of 2012; and this week durable goods orders, out last Wednesday, plunged 5.7 %, nearly twice the tumble
expected and likely a sign that U.S. factories have entered a slump.
U.S. retailers posted weaker than
expected sales in December, the Monster job index
declined from last month's highs and unemployment claims continued their steady trend lower.
The company reported on Thursday another dismal quarter of
declining sales in the U.S., where comparable
sales fell 2 %, even worse than the 1.5 %
decline analysts polled by Consensus Metrix were
expecting.
A recent survey by the National Association for Business Economics showed that 18 percent of businesses
expect a negative impact from
declining oil prices — reflecting the percentage of industries that directly benefit from oil and natural gas
sales.
Still, the poor holiday season, which puts the company on track for a third straight quarterly comparable
sales decline, means Target now
expects fourth - quarter comparable
sales to
decline between 1 % and 1.5 %, compared with prior guidance of between down 1 % and up 1 %.
Wearable device maker Fitbit forecast current - quarter revenue below Wall Street estimates on Wednesday as the company
expects further
sales declines for its fitness tracking devices.
Sales for the owner of KFC and Pizza Hut
declined, but less just than
expected after news that a Chinese firm had supplied the company with expired meat.
The company reported higher - than -
expected iPhone
sales, though they
declined for the second straight quarter.
Tiffany's comparable store
sales declined 1 percent due to lower spending by foreign tourists in the Americas, while analysts on average were
expecting an increase of 0.02 percent, according to Thomson Reuters I / B / E / S.
Firms directly tied to the energy sector
expected further
declines in their
sales volumes, and companies that sell to energy - related customers suffer along with them as they adjust to an environment of weak demand.
Research from IDC Canada shows that tablet
sales in the Canadian market are
expected to
decline in the low double digits by the end of 2015 as consumers look elsewhere to spend their money on technology.
While analysts have reported an industry - wide
decline in tablet
sales, the iPad figures were still lower than Wall Street had
expected.
But the
sales declines are only accelerating: in the first three months of 2014, North American revenue fell 21 % and Wall Street analysts are not
expecting any better when Avon reports second - quarter results in late July.
GameStop shares were down as much as 20 percent Tuesday morning as the company issued a weaker - than -
expected forecast for the fourth quarter and full year due to
declines in video game
sales.
The British Columbia Real Estate Association has released its 2018 first quarter housing forecast, showing residential
sales are
expected to fall 8.6 per cent to 94,855 units this year, with the
decline continuing into 2019.
In October, McDonald's reported a stronger - than -
expected increase in third quarter
sales at established restaurants, ending six straight quarters of flat or
declining results.
Europe's largest automaker said on Thursday it
expected full - year
sales to come in slightly above last year's 9.93 million deliveries, as demand in China and Western Europe outweighs
declines in the Americas and Russia.
A report by BizBuySell.com tracking the health of small business revealed — as one might
expect — a
decline in business - for -
sale transactions and valuations.
He
expects the assistance for first - time buyers to soften the Metro Vancouver market's landing from
sales and price
declines triggered by Victoria's 15 % tax on foreign buyers in August and tighter federal mortgage rules introduced in October.
Total
sales in the 2017 quarter
declined 1 % to $ 571 million and fell short of the $ 588 million that analysts had
expected.
PC
sales have been
declining year over year, so
sales of desktops and laptops were
expected to drop by 7.7 percent.
Analysts on average
expect the company to report a
decline of about 1 percent in first - quarter
sales at established stores when it releases results in two weeks, according to Thomson Reuters I / B / E / S.
March's retail
sales rose 0.9 percent, the first increase after three months of
declines but shy of the 1.1 percent
expected.
Futures trimmed some gains as retail
sales for January came in weaker than
expected, down 0.8 percent and near December's 0.9 percent
decline.
However, with expectations that foreign exchange rates and asset
sales will continue dampen its revenue, P&G
expects net
sales to fall somewhere between a
decline of 1 percent and flat with the year - ago period.
According to Raddon's 2010 survey of 1,200 small businesses, a third of businesses projected
declining sales revenue that year and only a quarter
expected a
sales increase.
In addition, a related report was out that showed wholesale inventories rose more than
expected in January as wholesale
sales dropped 0.2 %, the biggest monthly
decline since July 2016.
Akorn said in its March earnings call it
expects a modest
decline in annual
sales in 2017, largely because of pricing erosion and increased competition for a key drug, ephedrine, a central nervous system stimulant.
Today,
sales expectations are much rosier according to Raddon's Small Business National Research: 59 percent of small businesses
expect an increase in
sales, while only 6 percent
expect a
decline.
As shown in the table below,
sales are now
expected to change by -1 to +1 percent, adjusted EBIT to
decline by -7 to -5 percent, and adjusted EPS to increase by +2 to +4 percent, or $ 3.10 to $ 3.17 per share.
While topping analysts» estimates for profit, the company reported a same - store
sales decline of 6 percent for the last quarter, which included the crucial Holiday season, signalling that a comeback under new chief executive Patrice Louvet may be tougher than
expected.
Everyone expected Gilead Sciences (NASDAQ: GILD) to report yet another decline in hepatitis C virus (HCV) franchise sales when the biotech...
By Shariq Khan (Reuters)- Wearable device maker Fitbit Inc forecast current - quarter revenue below Wall Street estimates on Wednesday as the company
expects further
sales declines...
After retailers» Black Friday
sales declined, Super Saturday, for the first time since 2005, is
expected to edge out Black Friday as the top
sales day of the year, according to mall - traffic tracker ShopperTrak.
Quarterly revenue grew 2 % year over year to $ 500 million, as revenue from new locations was offset by a worse - than -
expected 1.2 % same - restaurant
sales decline at company - owned restaurants.
Chukumba, who
expects the company to provide a «high - level» guidance for the full year,
expects a 0.4 percent increase in the fourth quarter same - store
sales and a 100 - bps gross margin
decline.
Despite the
expected decline in
sales, auto makers are likely to sell at least 50,000 more sport utility vehicles, mini-vans and pickups than they did last year, while car
sales will likely drop by 250,000 this year, Merlis predicted.
In a
sales deck obtained by Ad Age that was sent out to partners last month, the company states plainly: «We
expect organic distribution of an individual page's posts to gradually
decline over time as we continually work to make sure people have a meaningful experience on the site.»
While BWW's recent promotions and pricing adjustments appear to have curtailed traffic and
sales declines, profitability has suffered and industry - wide headwinds are
expected to keep margins under pressure.
Creed
declined to say when he
expects all - important
sales at established restaurants to turn positive.