Gap beats earnings and revenue estimates, hikes profit margin outlook as results are posted early

Gap beats earnings and revenue estimates, hikes profit margin outlook as results are posted early

A Gap store in New York, US, on Monday, May 27, 2024. Stephanie Keith | Bloomberg | Getty Images Gap raised its full-year profit outlook on Thursday after seeing better-than-expected results at its largest brand, Old Navy. The apparel company’s fiscal second quarter results were released earlier than planned after the company “inadvertently” posted them…

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Nordstrom shares climb 5% as earnings top estimates, but retailer issues cautious guidance

Nordstrom shares climb 5% as earnings top estimates, but retailer issues cautious guidance

Nordstrom on Tuesday posted earnings that blew past Wall Street’s expectations, indicating the department store is making strides in its efforts to cut costs and boost efficiencies. Although the Seattle-based retailer posted earnings per share that were 25 cents higher than expected, it issued tepid guidance for the full year. Nordstrom now expects adjusted earnings…

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Bronfman’s Paramount bid could keep Shari Redstone involved at the company

Bronfman’s Paramount bid could keep Shari Redstone involved at the company

Edgar Bronfman, Jr. Cameron Costa | CNBC Edgar Bronfman Jr.’s offer for a controlling stake in Paramount Global could keep Shari Redstone close to the company, if his bid is successful. Bronfman is open to having Redstone, currently non-executive chairman at Paramount, remain involved with the company if the Paramount special committee accepts his consortium’s…

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