Shivani Kumaresan

[ad_1] Swedish clothing giant Hennes & Mauritz AB HNNMY reported a 10% year-on-year increase in fourth-quarter FY22 sales to SEK 62.4 billion. The results were impacted by a one-time cost of SEK…

[ad_1] Archer-Daniels-Midland Co ADM reported fourth-quarter FY22 sales growth of 13.6% year-on-year to $26.23 billion, beating the consensus of $25.41 billion. Revenues from Ag Services and Oilseeds rose 16.3% Y/Y, Carbohydrate…

[ad_1] PACCAR Inc PCAR reported fourth-quarter FY22 sales growth of 22% year-on-year to $8.13 billion. Net sales and revenues from Truck, Parts, and Other improved 22.8% to $7.7 billion. Revenues from…

[ad_1] Honda Motor Co Ltd HMC will make organizational and operational changes, effective April 1, 2023. The automaker is set to further solidify the direction of the organizational changes made last…

[ad_1] Ford Motor Company F is reportedly planning to slash 3,200 positions across Europe.  The job cuts will largely be focused in Germany and will affect administrative and product…

[ad_1] Honda Motor Co Ltd HMC has signed a collaboration agreement with GS Yuasa International Ltd. for a high-capacity, high-output lithium-ion battery. The financial terms of the arrangement were not disclosed. …

[ad_1] Wayfair Inc W revealed a reduction of approximately 1,750 employees, representing 10% of its global workforce as of Dec. 31, 2022. This includes approximately 1,200 or 18% of corporate employees.…

[ad_1] Unifi Inc UFI expects second-quarter FY23 sales of $135 million – $137 million, against the consensus of $142.15 million. The revenue guidance represents a 24% – 25% decrease from…

[ad_1] BofA Securities analyst downgraded Levi Strauss & Co LEVI from Buy to Neutral and lowered the price target from $19 to $17. The analyst remains wary that the highly promotional environment…

[ad_1] Digital Brands Group Inc DBGI expects FY23 revenue of $45 million – $50 million. The company sees FY23 EBITDA of $2 million – $3 million due to shared services…

[ad_1] Benchmark analyst John Lawrence reiterated a Buy rating on the shares of Freshpet Inc FRPT, with a price target of $100.00. The analyst believes any visibility of margin improvement is a…

[ad_1] LVMH-Moet Hennessy Louis Vuitton LVMHF has appointed Chairman and CEO Bernard Arnault’s daughter, Delphine Arnault, as head of Christian Dior Couture. Charles Delapalme, Executive Vice President of Christian Dior Couture…

[ad_1] Mizuho Securities USA LLC analyst Anthony Crowdell downgraded Alliant Energy Corporation LNT from Buy to Neutral and lowered the price target from $64 to $55. The PSC commissioner Ellen Nowak’s term…

[ad_1] Arhaus Inc ARHS has raised its full-year 2022 revenue guidance from $1.173 billion – $1.193 billion to $1.223 billion – $1.228 billion versus the $1.19 billion consensus. It also raised…

[ad_1] Electric vehicle battery maker SK On may call off its intended joint venture with Ford Motor Company F and Koc Holding AS in Turkey. The parties signed a memorandum of understanding (MoU) for…

[ad_1] Restaurant company Texas Roadhouse Inc TXRH said its Chief Financial Officer, Tonya Robinson, has retired effective January 4, 2023. Robinson, who joined the company in 1998, was named the finance…

[ad_1] Stellantis NV STLA Chief Executive Officer Carlos Tavares warned of more auto plant closures in the year. Tavares said auto makers will be pushed to shut shops if…

[ad_1] Telsey Advisory Group analyst Cristina Fernandez has reiterated an Underperform rating on Bed Bath & Beyond Inc BBBY and lowered the price target from $3.00 to $2.00. The analyst will focus…

[ad_1] Stitch Fix Inc SFIX is slashing about 20% of its salaried jobs. In addition, the company plans to close its Salt Lake City distribution center. The personal styling service provider…

[ad_1] Designer Brands Inc DBI has appointed Doug Howe as its Chief Executive Officer, effective April 1, 2023. Howe will succeed Roger Rawlins, who will step down as the CEO…

[ad_1] Helen Of Troy Ltd HELE reported a third-quarter FY23 sales decline of 10.6% year-on-year to $558.6 million, beating the consensus of $552.89 million. Core business net sales decreased 10%…

[ad_1] British clothing company Next Plc has raised its profit forecast following better-than-anticipated sales in the Christmas period. The company noted that the strength of demand for cold weather products in December…

[ad_1] Sony Group Corp SONY has unveiled the prototype of its electric vehicle brand, Afeela, which it built along with Honda Motor Co Ltd HMC. Sony Honda Mobility launched the prototype at the Las…

[ad_1] Needham analyst Anna Andreeva downgraded Overstock.com OSTK from Buy to Hold and removed the $30 price target. The analyst said through 3Q22, home furnishings industry (using U.S. Census data) grew 2%, and…

[ad_1] Chinese electric car startup Nezha has been grabbing eyeballs after claiming it made 152,000 vehicle deliveries in 2022, surpassing 122,486 deliveries by Nio Inc NIO. Nezha, a brand under startup Hozon Auto, asserted its…