The company, which made its name on fitness trackers and step counters, has been struggling with a sagging stock price after a soft
holiday sales quarter.
The overall outlook for tablet sales remains negative, but at least manufacturers had a better
holiday sales quarter than last year.
The news was announced this morning as game companies prepare for
the holiday sales quarter.
Not exact matches
Apple hasn't made excuses for iPhone X shortages, and it did forecast a record
quarter of around $ 85.5 billion in
sales for the
holiday quarter.
In September, the department store, which has been beset by 11 straight
quarters of comparable
sales declines, said it would hire 80,000 temporary workers for the
holiday season, the second year in a row it was taking on fewer seasonal associates.
The company, in November, raised its 2017 earnings and same - store
sales forecasts, likely reflecting higher
sales in the key
holiday quarter.
The company on Thursday reported that comparable
sales jumped 9 % during the
holiday quarter that ended Feb. 3, head and shoulders above the average Wall Street estimate for a 2.9 % rise, according to Consensus Metrix.
On top of a stellar
holiday quarter where Kohl's comparable
sales rose 6.3 %, its gross margin was up thanks in large part to a 7 % drop in inventory.
(Shares of Starbucks were under pressure on Friday after another
quarter of disappointing
sales growth as
holiday offerings failed to draw in customers.)
A successful winter
holiday season can provide momentum for a solid first
quarter, in addition to offering some breathing room should the weather once again create another slow
sales cycle.
«Although this might signal regained consumer confidence in the PC market, with most of the
sales being driven by aggressive promotions in the
holiday season, it needs to be seen how much of the real demand is carried forward in the coming
quarters,» said Mahajan.
The company said in November when it reported its third -
quarter earnings that it was facing a slowdown in the number of people visiting its brick - and - mortar stores, although a stronger housing market seems to have helped lift its
sales over the
holiday season.
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 %.
APPLE STILL «FIRING ON ALL CYLINDERS,» the company's CEO Steve Jobs said in a news release about Apple's great
sales numbers from the
holiday quarter.
Although
sales were reportedly down considerably over the first three months of the year, that might make sense considering Apple's fiscal first
quarter includes the busy
holiday shopping season.
Sales of the Apple Watch to consumers set a record during the first week of
holiday shopping, and the current
quarter is on track to be the best ever for the product, Apple Inc..
But it projected
sales of $ 440 million to $ 450 million in the
holiday quarter, versus expectations for around $ 448.8 million.
That suggests Apple will likely beat the expectations of analysts, who were forecasting $ 63.7 billion in
holiday -
quarter sales, according to FactSet.
The department store chain said on Tuesday that comparable
sales rose 1.3 % in the
holiday quarter that ended on Feb. 1, their first quarterly increase by that metric since the end of 2014 and well above analysts» forecasts.
Aéropostale's comparable
sales fell 6.7 % during the
holiday quarter.
The company also guided lower for its fourth -
quarter sales, projecting a range between $ 600 million and $ 650 million for its key
holiday season.
The company also said it couldn't promise that the hit to traffic and
sales won't continue in the current
holiday season
quarter or beyond.
Last week, the company missed revenue and income expectations and projected a disappointing 7 to 18 percent rise in
holiday -
quarter sales.
But in the
quarter ending Dec. 31, which included the key
holiday season, handbags costing $ 400 or more generated 50 % of
sales, up 20 percentage points from a year earlier.
GameStop lowered its fourth -
quarter and full - year earnings guidance after suffering declines in video - game
sales during the
holiday period.
Apple cut the price on the base version of its 13 - inch MacBook Pro laptop with «retina» display by $ 200 as it revamps its top - end laptops, weeks after the company reported a steep decline in Mac
sales in the
holiday quarter.
And it has been paying off: Walmart U.S., a retailer with some $ 308 billion a year in
sales, reported comparable
sales rose 1.8 % during the
holiday season
quarter, above the 1.3 % Wall Street was expecting, according to Consensus Metrix.
So the discount chain, hoping to avoid the 1.3 % decline in comparable
sales of the 2016
holiday season
quarter during the most important time of year, is streamlining the number of promotions and making them simpler and easier to understand, Target executives told reporters at a briefing last week in New York.
Walmart reported strong
holiday sales but said online
sales growth slowed during the
quarter, marking a turn from three
quarters of booming web growth.
The world's biggest retailer reported strong
holiday sales Tuesday but said online
sales growth slowed during the
quarter, marking a turn from three
quarters of booming online growth, and that its profit margin came under fresh pressure.
The U.S. tech giant notified suppliers that it had decided to cut the first -
quarter production target to around 20 million units, in light of slower - than - expected
sales in the year - end
holiday shopping season in key markets such as Europe, the U.S. and China.
The technology giant reported the strongest
holiday quarter sales growth in eight years, fuelled by its dominance in e-commerce and a push into new businesses such as advertising.
Revenue for the first
quarter of the Walt Disney Company's 2015 fiscal year jumped 9 % as
sales of merchandise from the hit animated film Frozen dominated the
holiday season.
EL SEGUNDO, Calif. (AP)-- Toy maker Mattel says weak
sales of Barbie and markdowns to clear out excess inventory left over from a sluggish
holiday season led to an unexpected first -
quarter loss.
Toy maker Mattel said Thursday April 17, 2014 weak
sales of Barbie and markdowns to clear out excess inventory left over from a sluggish
holiday season led to an unexpected first -
quarter loss.
PAWTUCKET, R.I. (AP)-- Hasbro's fourth -
quarter net income edged down, a disappointing
holiday season hurt by one - time charges and weak
sales of its Beyblade spinning top game and Marvel toys.
«Results reflect the company's more aggressive efforts to improve its price relevancy, as well as higher shrinkage in the last two weeks of the
quarter given purchases were planned for a higher level of
sales heading into the 4th of July
holiday,» said Whole Foods.
Wal - Mart Stores Inc. offered little reason for
holiday cheer, reporting its third straight
quarter of poor
sales in the U.S. and painting a gloomy picture for the economic recovery.
Sales went up 120 % in the third quarter vs. that period last year, and Ellison said he expects sales to continue being strong in the holiday season «primarily because we have a great credit offering.&r
Sales went up 120 % in the third
quarter vs. that period last year, and Ellison said he expects
sales to continue being strong in the holiday season «primarily because we have a great credit offering.&r
sales to continue being strong in the
holiday season «primarily because we have a great credit offering.»
«We had a phenomenal
holiday quarter with record Mac, iPhone and iPad
sales,» Mr. Jobs said in a news release.
Lululemon soared as much as 17 % in early trading after third -
quarter earnings blew past analysts» estimates and
sales showed signs of strengthening as the yogawear maker heads into the
holiday season.
The retailer's initial
holiday quarter guidance predicted that overall comps would end up rising in the mid-single-digits, with
sales coming in between $ 870 million and $ 885 million.
Although Akamai Technologies, Inc. (NASDAQ: AKAM) reported robust results for the previous
quarter, driven by strong online
holiday sales, JPMorgan's Sterling Auty believes the March
quarter numbers will reflect the current state of the company's business better.
During the fourth
quarter, her
holiday sales slowed, but business picked up again in January.
The last
quarter of the year is always hard for my budget with Black Friday
sales,
holiday shopping, etc..
Tapestry is on the comeback path after a robust
holiday season: same - store
sales for Coach rose 3 percent last
quarter, as executives try to elevate its image by reducing markdowns.
The good performance no doubt will lead to a much better showing during the
holiday quarter, even after taking into account a 10 percent drop in
sales during December.
Amazon.com Announces Third
Quarter Sales up 44 % to $ 10.88 Billion; Introduced Four New Kindle Devices for the
Holidays
Its monster
sales in the fourth
quarter were boosted by
holiday gifts.
Amazon, Barnes and Noble, and Kobo all released tablets in the last two
quarters of 2011 and bet the farm on the new technology to carry their
sales through the
holiday season.