American Eagle Outfitters reported Q1 earnings per share of $0.14 and revenue of $1.20 billion, both beating Wall Street estimates. However, the company warned of significant tariff impacts, expecting 10% tariffs in Q2 and 15% in the latter half of fiscal 2026, which weighed on investor sentiment and caused shares to fall about 13%. The company forecasts mid- to high-single-digit comparable sales growth in Q2 but expects a decline in gross margin and higher SG&A expenses. For the full year, it anticipates mid-single-digit sales growth and gross margin expansion despite rising costs. CEO Jay Schottenstein remains confident in navigating near-term challenges and plans to strengthen the women's business and brand positioning.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Frasers Group PLC has withheld financial guidance for the upcoming year due to uncertainty around its takeover bids for Hugo Boss and Accent Group. The retailer's full-year adjusted profit before tax fell 4% to £538 million, impacted by asset impairm...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Gabriel Holding A/S has agreed to sell its European FurnMaster furniture manufacturing operations, including subsidiaries in Poland and Lithuania, to Leggett & Platt for an initial price of approximately EUR 9 million, with a possible additional paym...
A Gaza resident raised over £55,000 on GoFundMe to support his family but faced issues as the platform cannot pay directly to Gaza, forcing funds through intermediaries who failed to deliver the full amount. This highlights a broader problem in human...
