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Stocks

“Peloton shares rise more than 15% as turnaround plan takes hold, losses shrink”

“…The company’s shares rose more than 15% in morning trading. Here’s how the Bike and Tread maker performed compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: For the three-month period that ended June… Continue Reading…

Business

“Foot Locker’s turnaround is showing signs of life, CEO sees consumers willing to pay full price”

“…The sneaker giant saw comparable sales decline 1.8% during its fiscal first quarter, far better than the 3.1% drop-off that analysts expected, according to StreetAccount.  The company also reaffirmed its fiscal year guidance, which projects sales to be between a… Continue Reading…

Business

“Facing fines, cluttered aisles and late-night mockery, Dollar General’s returning CEO tries to drive a turnaround”

“Dollar General has gotten hit by steep fines for safety violations, slammed on late-night TV and even overruled by its own shareholders. On Thursday, CEO Todd Vasos laid out on an earnings call with investors the discounter’s plans to try to turn around both the… Continue Reading…

Business

“Bed Bath & Beyond reports 28% drop in sales as it presses ahead with turnaround plan”

“Bed Bath & Beyond on Thursday said sales plunged by 28% in the fiscal second quarter, as the home goods retailer struggled to draw customers… Bed Bath reiterated its full-year outlook, saying it anticipates comparable sales to decline by about 20%… Continue Reading…

Business

“Peloton reports big loss, decline in revenue as the company grinds through its turnaround plan”

“Peloton on Thursday reported widening losses and slumping sales in its fiscal fourth quarter as the connected fitness equipment maker attempts to win back investors with cost cuts and strategic shifts. Shares declined more than 14% in premarket trading, a day… Continue Reading…

Stocks

“3 Stocks Under $5 That Are Ripe for a Turnaround”

“LiveXLive Media (LIVX)… Other analysts also take a bullish approach. LIVX’s Strong Buy consensus rating breaks down into 4 Buys and zero Holds or Sells. Additionally, the $6 average price target puts the potential twelve-month gain at 197%… Rimini Street… Continue Reading…