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Ralph Lauren shares fall as quarterly revenue forecast disappoints

Ralph Lauren shares fall as quarterly revenue forecast disappoints

Nov 5 (Reuters) - Ralph Lauren forecast third-quarter revenue below Wall Street expectations on Thursday, sending its shares 7% lower in premarket trading, even as the company reported strong demand in North America and Asia and raised its annual outlook.

Tapestry lifts outlook as young shoppers snap up Coach bags, shares jump

Tapestry lifts outlook as young shoppers snap up Coach bags, shares jump

By Danielle Kaye and Anuja Bharat Mistry Nov 5 (Reuters) - Tapestry raised its annual revenue and profit forecasts on Thursday, betting on younger affluent shoppers buying its Coach handbags during the holiday season, even as the broader luxury sector grapples with a spending slowdown.

Tapestry lifts annual forecasts as young shoppers snap up high-end Coach bags

Tapestry lifts annual forecasts as young shoppers snap up high-end Coach bags

By Danielle Kaye and Anuja Bharat Mistry Nov 5 (Reuters) - Tapestry raised its annual revenue and profit forecasts on Thursday, betting on younger affluent shoppers buying its Coach handbags during the holiday season, even as the broader luxury sector grapples with a spending slowdown.

Cigna raises annual profit forecast on strength in health services unit

Cigna raises annual profit forecast on strength in health services unit

By Sneha S K, Kunal Das and Amina Niasse Nov 5 (Reuters) - Cigna on Thursday raised its annual profit forecast after beating third-quarter estimates, driven by growth in its US health insurance business, specialty pharmacy and health services.

McDonald's US sales decline for first time in six quarters despite value push

McDonald's US sales decline for first time in six quarters despite value push

Nov 4 (Reuters) - McDonald's reported a bigger-than-expected decline in US sales as financially stretched consumers cut back on dining out, extending a slowdown that has tested the burger chain's efforts to win back lower-income diners with value meals.

Expedia forecasts downbeat fourth-quarter revenue as geopolitical tensions weigh

Expedia forecasts downbeat fourth-quarter revenue as geopolitical tensions weigh

By Anshuman Tripathy Nov 4 (Reuters) - Online travel firm Expedia Group forecast fourth-quarter revenue largely below Wall Street expectations, as the industry struggles with the Middle East conflict and unrest in Europe, sending its shares down about 6% in extended trade.

Mattel cuts annual forecasts as challenges pile up for new CEO

Mattel cuts annual forecasts as challenges pile up for new CEO

By Sanskriti Shekhar Nov 5 (Reuters) - Mattel on Thursday slashed its annual sales and profit forecasts ahead of the crucial holiday season, raising the stakes for new CEO Roger Lynch as he steers the Barbie maker through tepid demand and investor pressure.

Expedia's downbeat revenue forecast dims strong quarter on steady travel demand

Expedia's downbeat revenue forecast dims strong quarter on steady travel demand

By Anshuman Tripathy Nov 4 (Reuters) - Online travel firm Expedia Group forecast fourth-quarter revenue largely below Wall Street expectations, as the industry struggles with the Middle East conflict and unrest in Europe, sending its shares down 9% in extended trading.

Humana lifts annual profit forecast as medical costs ease

Humana lifts annual profit forecast as medical costs ease

By Sneha S K and Christy Santhosh Nov 6 (Reuters) - Humana raised its full-year profit forecast on Friday after reporting lower-than-expected medical costs as the health insurer positions itself for a return to improved profit margins by 2028, sending its shares up 3.2% in morning trading.

McDonald's says US sales on the mend as promotions draw diners back

McDonald's says US sales on the mend as promotions draw diners back

By Neil J Kanatt and Waylon Cunningham Nov 4 (Reuters) - McDonald's said its US sales were improving on the back of promotions and marketing, following a decline in the third quarter as financially stretched consumers cut back on dining out. Its shares were up 4.7% in early trading on Wednesday.

Under Armour flags broad-based weakness, sees steeper-than-expected third-quarter sales decline

Under Armour flags broad-based weakness, sees steeper-than-expected third-quarter sales decline

Nov 6 (Reuters) - Under Armour on Thursday flagged weakness across its portfolio, as the athletic apparel maker grapples with a challenging consumer environment and aggressive discounting by competitors clearing inventory.

Activist investor Arkhouse pushes People for share buyback, HQ sale

Activist investor Arkhouse pushes People for share buyback, HQ sale

Nov 5 (Reuters) - Activist investor Arkhouse called on Barry Diller's media company People to repurchase at least $750 million of shares through a Dutch auction tender offer and sell its New York headquarters to improve share price.