Peloton's new AI-equipped Cross Training Series sees sluggish sales at retail stores despite holiday promotions, as price increases and economic concerns dampen consumer interest in premium fitness gear.
Argus downgrades Coinbase to Hold, citing high valuation, slower expected growth, and rising expenses. Shares fall over 3% as the firm trims long-term earnings forecasts.
Burlington Stores (BURL) stock plunges after Q3 revenue miss blamed on warm weather traffic decline, overshadowing earnings beat and raised guidance.
DICK'S (DKS) Q3 GAAP net income plunged 67% due to Foot Locker costs. The retailer plans $500M-$750M in charges to "clean out the garage" and shutter stores
Abercrombie & Fitch hiked its fiscal 2025 profit forecast to 10.20−10.50 after Q3 net sales reached $1.29B. Strong Hollister demand, resilient affluent spending, and an NFL partnership boost success.
Best Buy raises its annual sales and profit outlook after strong Q3 results, boosted by demand for laptops, smartphones, and gaming devices.
