Boise Cascade Brings Back Interest in Office Supplies
ThinkstockOfficeMax Incorporated (NYSE: OMX) has figured out a way to unlock serious value of sorts. Boise Cascade has filed for an initial public offering. The IPO is said to be for up to $200…
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Newest first · Page 285Smucker’s Results Inline, Raises Guidance to Match Estimates
ThinkstockThe J.M. Smucker Co. (NYSE: SJM) reported second-quarter fiscal 2013 adjusted diluted earnings per share (EPS) of $1.45 and $1.63 billion in revenues before markets opened this morning. In the same period a year…
No More Twinkies? Hostess Seeks Permission to Shut Down
courtesy of Hostess Brands Inc.Hostess Brands Inc., a privately held firm that makes Twinkies, Wonder Bread and other bakery products, is set to seek permission from a bankruptcy court to close down, perhaps as…
America’s Worst CEO: Mike Jeffries of Abercrombie & Fitch
ThinkstockAbercrombie & Fitch (NYSE: ANF) posted an unusually strong quarter, and its stock rose from $31 to $42 in two days as a result. CEO Mike Jeffries took much of the credit, as he should…
Nike Raises Dividend and Announces 2-for-1 Stock Split
Wikimedia CommonsNike Inc. (NYSE: NKE) is throwing up everything it can to help its share price now that the trajectory is no longer straight up. The company announced that it has approved a two-for-one…
Gap Continues Turnaround
ThinkstockThe recovery continues at Gap Inc. (NYSE: GPS). The apparel retail giant reported earnings growth of 60% to $308 million for net income. Its earnings per grew by 66% to $0.63 EPS and an…
Where is the Short Covering in Diamond Foods?
Diamond Foods, Inc. (NASDAQ: DMND) has issued its restatements and shares being rewarded with fresh 52-week lows. This is becoming nothing short of a disaster. Usually we might expect that a short-covering rally would…
GameStop Posts Mixed Results, Focuses on New Hardware Launch
courtesy GameStop Corp.GameStop Corp. (NYSE: GME) reported third-quarter 2012 adjusted diluted earnings per share (EPS) of $0.38 and $1.77 billion in revenues before markets opened this morning. In the same period a year ago,…
McDonald’s Replaces U.S. Division President
courtesy of McDonald'sFast-food giant McDonald’s Corp. (NYSE: MCD) announced this morning that it is replacing the president of its McDonald’s USA division, Jan Fields, with current global chief restaurant officer, Jeff Stratton, effective December…
Target Tops Estimates, but Can’t Catch a Bid
courtesy of TargetTarget Corp. (NYSE: TGT) reported third-quarter 2012 adjusted diluted earnings per share (EPS) of $0.90 and $16.93 billion in revenues before markets opened this morning. In the same period a year ago,…
Walmart Offers Mixed Results, Guides Below Estimates
courtesy of Wal-Mart StoresWal-Mart Stores Inc. (NYSE: WMT) reported third-quarter 2013 diluted earnings per share (EPS) of $1.08 and $113.2 billion in revenues before markets opened this morning. In the same period a year…
Staples’ Loss Brings Out Buyers
ThinkstockStaples Inc. (NASDAQ: SPLS) reported third-quarter fiscal 2013 adjusted diluted earnings per share (EPS) of $0.46 and $6.35 billion in revenues before the markets opened this morning. In the same period a year ago,…
Abercrombie Spikes on Big Earnings Beat
thinkstockShares of Abercrombie & Fitch Co. (NYSE: ANF) surged this morning on much better-than-expected earnings results for the fiscal third quarter. The specialty retailer of casual apparel posted adjusted earnings per share (EPS) of…
America’s Most Profitable Stores
courtesy of Apple Inc.Apple Inc. (NASDAQ: AAPL) has the most successful retail stores by a wide margin. According to RetailSails, a retail and consumer goods consulting firm, the tech giant’s 372 worldwide locations sold…
More Awful Plans for Best Buy
ThinkstockChief executives who have no real plans to turn around troubled companies often offer generalities in the place of details. Put another way, they put vagueness in the place of tactics, and hope in…