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Elf Beauty forecasts weak year, flags up to $20 million hit from Iran war

Elf Beauty forecasts weak year, flags up to $20 million hit from Iran war

By Arriana McLymore and Neil J Kanatt May 20 (Reuters) - Elf Beauty on Wednesday forecast annual sales and profit below analysts' expectations, and said surging oil prices tied to the Iran war could have a $15 million to $20 million impact in fiscal 2027.

GameStop increases stake in eBay to more than 6%

GameStop increases stake in eBay to more than 6%

By Svea Herbst-Bayliss and Harshita Mary Varghese May 20 (Reuters) - GameStop increased its stake in eBay to about 6.6% from around 5%, according to a regulatory filing, the latest step in the videogame retailer's push to buy the e-commerce giant.

Target doubles annual sales growth forecast as turnaround starts to pay off

Target doubles annual sales growth forecast as turnaround starts to pay off

May 20 (Reuters) - Target on Wednesday raised its annual sales growth forecast for the first time in two years, in a sign that new CEO Michael Fiddelke's investment-heavy turnaround strategy is starting to pay off.

Walmart sticks to annual targets despite solid results as Americans turn frugal

Walmart sticks to annual targets despite solid results as Americans turn frugal

May 21 (Reuters) - Walmart stuck to its annual targets on Thursday, betting on demand for cheaper grocery from value-seeking consumers as well as growth in its ecommerce business against a strained economic backdrop in the U.S.

Hasbro beats quarterly estimates on strong demand for its digital games

Hasbro beats quarterly estimates on strong demand for its digital games

May 20 (Reuters) - Hasbro on Wednesday reported first-quarter revenue and profit above estimates, aided by strong demand for its digital games such as "Magic: The Gathering", after a cybersecurity incident pushed back its results.

Lincoln International valued at $2.3 billion as shares jump in NYSE debut

Lincoln International valued at $2.3 billion as shares jump in NYSE debut

By Arasu Kannagi Basil May 20 (Reuters) - Lincoln International notched a $2.3 billion valuation after shares gained 12.6% in their New York debut on Wednesday as investors snapped up a rare opportunity to buy equity in a U.S. investment bank.

Deere beats second-quarter profit estimate but maintains full-year forecast

Deere beats second-quarter profit estimate but maintains full-year forecast

By Nandan Mandayam May 21 (Reuters) - Farm equipment maker Deere beat second-quarter profit estimates on Thursday, helped by improved demand for its small agriculture and construction machinery, but kept its full-year profit forecast unchanged.

Nvidia forecasts quarterly revenue above estimates, announces $80 billion share buyback

Nvidia forecasts quarterly revenue above estimates, announces $80 billion share buyback

May 20 (Reuters) - Nvidia forecast second-quarter revenue above Wall Street expectations on Wednesday, and announced an $80 billion share repurchase program. Shares of the company were down over 2% in extended trading.

TJX raises annual sales, profit forecasts as US shoppers hunt for deals

TJX raises annual sales, profit forecasts as US shoppers hunt for deals

May 20 (Reuters) - TJX raised its annual comparable sales and profit forecasts on Wednesday, banking on resilient demand at its off-price retail stores as budget-conscious consumers increasingly shop for deals amid economic uncertainties.

Analysis-Birkenstock loses its footing as luxury ambitions unravel

Analysis-Birkenstock loses its footing as luxury ambitions unravel

By Savyata Mishra and Danielle Kaye May 18 (Reuters) - Birkenstock is falling out of favor with investors who are abandoning hope that the sandal maker can scale into a luxury powerhouse.

Nvidia's outlook will be a test of its strategy to maintain AI dominance

Nvidia's outlook will be a test of its strategy to maintain AI dominance

By Zaheer Kachwala and Stephen Nellis May 19 (Reuters) - Nvidia is expected to deliver another blockbuster earnings report on Wednesday, but a shift in how artificial intelligence is used is raising doubts on how long its dominance in AI chips can last.

Home Depot reiterates annual forecasts, flags housing affordability woes

Home Depot reiterates annual forecasts, flags housing affordability woes

May 19 (Reuters) - Home Depot on Tuesday maintained its annual forecasts for a second straight time, even as the top U.S. home improvement retailer warned of rising volatility over consumer spending and ongoing pressure from housing affordability.