(Reuters) -Nordstrom slightly raised its annual comparable sales forecast on Tuesday owing to softness in some categories including footwear and apparel toward the end of October. Shares of the company, which surged about 33% so far this year, fell 1% in extended trading. “While we continue to be pleased with our year-to-date results, the external…
Operating Income Growth: 6.7% growth through the first three quarters of the year. Traffic Growth: Increased by 2.4% in the third quarter. Comparable Sales: Increased by 0.3% in the third quarter. Digital Sales Growth: Nearly 11% growth in the third quarter. Same-Day Delivery Growth: Nearly 20% growth powered by Target Circle 360. Drive-Up Sales: Accounted…
Philips (PHG, Financials) lowered its full-year outlook for 2024 due to declining demand in China; with an adjusted EBITA margin at 11.5%, the firm now forecasts comparable sales growth between 0.5% and 1.5%. Projected to be 900 million euros, free cash flow falls at the lower end of its past projection. With 4.4 billion euros…
Shares of Philips N.V. were losing around 17 percent in the morning trading in Amsterdam as well as in pre-market activity on the NYSE, after the Dutch consumer electronics giant trimmed its comparable sales growth view for fiscal 2024 after reporting weak sales and orders and flat comparable sales in its third quarter. The sales…
By Bart H. Meijer AMSTERDAM (Reuters) -Philips said on Monday that demand in China slumped significantly in recent months, forcing the Dutch medical devices maker to lower its sales outlook for the year. “In the (third) quarter, demand from hospitals and consumers in China further deteriorated, while we continue to see solid growth in other…