These are tough times for America's once all-powerful dollar stores and a round of leadership changes at Dollar Tree and Family Dollar are the latest moves to try and revive their fortunes.
Chipotle Mexican Grill Inc CMG officially named Scott Boatwright as its permanent CEO, months after Brian Niccol's exit to Starbucks Corp SBUX.
Hugo Boss' third-quarter operating profit slightly beat market expectations on Tuesday, as the company reported a 1% increase in currency-adjusted group sales amid persistently weak demand in China.
Hugo Boss shares are down by almost 40% YTD. Negative sentiment toward premium brands/retailers, but also flat sales and decreasing profitability, were the main issues. Shares are trading significantly below their historic valuation range, and a lot of bad news seems to be priced in. The company will announce Q3 2024 financial results on November 5. Positive news or just a confirmation of the outlook could move shares upward.
Boss Energy is ramping up uranium production at its Honeymoon Project, targeting 850,000 pounds by 2025, and has commenced operations at the Alta Mesa Project. Demand for nuclear energy is expected to increase as hyperscalers seek low carbon-emitting power sources. Microsoft led the way to reopen Three Mile Island. Uranium SPAs are improving to favor miners, allowing for spot-linked contracts that protect both the producer & supplier from upside & downside pricing risk.
The luxury fashion brand was downgraded from a buy to an underperform rating on concerns about the ongoing slowdown in the luxury sector.
Former BP CEO John Browne was lauded as the 'Sun King' of the oil industry and one of the most celebrated British business leaders of his generation. Speaking on Bloomberg's Leaders With Lacqua Goes Green, he discusses his approach to ESG and why he believes society is going backwards in terms of acceptance.
Luxury stocks have fallen out of favor, with Hugo Boss showing potential despite weak Q2 results and a challenging economic environment. Hugo Boss demonstrates brand strength and pricing power, with high gross profit margins and a growing loyalty program. The valuation is attractive, trading at ~5x expected free cash flow, and significantly below its ten-year average price/sales multiple.
Google is now the 4th largest enterprise software company, according to the chief executive of its cloud-computing business, Thomas Kurian.
Chipotle Mexican Grill CMG 3.45%increase; green up pointing triangle hired Scott Boatwright seven years ago to help fix the chain. His next job is simple: Don't break it.
Hugo Boss reported a 42% drop in second-quarter operating profit on Thursday, below market expectations, two weeks after the German fashion house slashed its annual forecasts as economic and geopolitical challenges dampen global consumer demand.
Hugo Boss shares fell sharply on Tuesday after the suit seller followed rivals Burberry and Swatch Group in cutting its guidance over concerns that a slump in the global economy is set to hit sales in key markets including the U.K. and China throughout the remainder of 2024.