Levi Strauss boosts sales outlook for next five years, banking on e-commerce strength

A sign is posted in front of the Levi Strauss & Co. headquarters on April 09, 2021 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images Levi Strauss & Co. on Wednesday maintained its outlook for the full year and boosted its financial targets over the next five years as the denim retailer grows its e-commerce business. The company views itself as much stronger than it was before the Covid pandemic and since its public market debut in March 2019. “We are reaffirming full-year guidance, despite…

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Stocks making the biggest moves premarket: Kohl’s, BJ’s Wholesale, Spirit and more

Check out the companies making headlines before the bell: Kohl’s (KSS) – Kohl’s reported adjusted quarterly earnings of 11 cents per share, well short of the 70-cent consensus estimate. Revenue was better than expected, but the retailer noted a tough sales environment as well as higher costs. Kohl’s shares fell 3.3% in premarket trading. BJ’s Wholesale (BJ) – The warehouse retailer jumped 5.8% in the premarket after an upbeat earnings report. BJ’s beat estimates by 15 cents with adjusted quarterly earnings of 87 cents per share. Revenue and comparable-store sales…

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Cramer’s lightning round: Ralph Lauren is a better stock than Canada Goose

Sturm Ruger & Company Inc: “I am a hunter, but I don’t usually recommend gun stocks, just because I don’t think it’s right to. … It’s a tough call for me.” Carnival Corp: “If I have to buy one, I’ll do [Norwegian Cruise Lines], because I think that [chief executive] Frank Del Rio has done a remarkable job, but at the same time … I’d rather own the worst airline than the best cruise line.” Western Union Co: “They’re doing some very good management. I’m not going to fight you…

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Cramer’s lightning round: Rio Tinto is a buy

Desktop Metal: “No, we don’t need to do that. We have HP Inc. on earlier this week, and they are going to own the 3D industry and make money, so you need to be in HP Inc. Symbol HPQ.” Canada Goose: “It still sells at too high a multiple, and I want to point out that it’s inconsistent earnings is not for [us]. We’re going to go elsewhere.” Darling Ingredients: “I like it. … It reminds me of Renewable Energy, the company that just got a bid from Chevron. I…

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Retailers start to warn of business impact from Russia’s invasion of Ukraine

Residents outside a shopping mall during a break in curfew in Kyiv, Ukraine, on Tuesday, March 1, 2022. Erin Trieb | Bloomberg | Getty Images Rising inflation and global supply chain strains remain top of mind for retailers as they navigate the post-holiday earnings season. But also making its way into conversations with analysts and investors is Russia’s invasion of Ukraine, which entered its second week on Thursday. A number of retailers have temporarily halted operations in Russia, either as a signal of corporate condemnation of the war or because…

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Stocks making the biggest moves premarket: Coca-Cola, Twitter, Tapestry and others

Check out the companies making headlines before the bell: Coca-Cola (KO) – Coca-Cola shares added 1.3% in the premarket after the company beat estimates by 4 cents with adjusted quarterly earnings of 45 cents per share. Revenue also beat Wall Street forecasts, and Coca-Cola projects commodity price inflation will be in the mid-single-digit percentage range for 2022. Twitter (TWTR) – Twitter jumped 6.6% in premarket action, despite reporting top and bottom-line misses for its latest quarter. Twitter also announced a new $4 billion stock buyback program. Tapestry (TPR) – The…

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Stocks making the biggest moves premarket: Pfizer, Canada Goose, Live Nation and more

Check out the companies making headlines before the bell: Pfizer (PFE) – The drug maker’s shares surged 9.4% in premarket trading after a study showed that its experimental Covid-19 antiviral pill reduced the risk of hospitalization and death by nearly 90%. Pfizer said it will ask regulators to approve the pill as soon as possible. Canada Goose (GOOS) – The outerwear maker reported an unexpected profit for its latest quarter along with better-than-expected revenue, and also raised its full-year forecast. Canada Goose also said it’s seeing an indication of a…

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Warby Parker soared in its market debut, setting a high bar for other online retailers

Co-CEOs, Neil Blumenthal & Dave Gilboa of Warby Parker at the NYSE, September 29, 2021. Source: NYSE Warby Parker‘s debut Wednesday set a good precedent for a number of online-first retailers preparing to go public. Warby shares skyrocketed 36% Wednesday. Founded in 2010, the company started hawking its eyewear online and has avoided using wholesale partners to make a sale. Its direct listing on the NYSE has put a spotlight on a class of direct-to-consumer brands that could be heading to Wall Street, next. Allbirds, Fabletics and Rent the Runway…

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Stocks making the biggest moves premarket: Canada Goose, Wendy’s, Perrigo, Southwest and others

Check out the companies making headlines before the bell: Canada Goose (GOOS) – Canada Goose lost 45 cents per share (Canadian) for its fiscal first quarter, smaller than the 53 cent loss that analysts were anticipating, while the outerwear maker saw better-than-expected revenue as well. However, its loss widened compared to a year ago thanks to rising expenses, and its stock slid 2.1% in premarket trading. Wendy’s (WEN) – Wendy’s rallied 3.3% in the premarket after beating top and bottom-line estimates for the second quarter. The restaurant chain earned an…

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