Lowe’s beats Wall Street expectations against ‘challenging’ housing backdrop. Lowe’s beat Wall Street’s first-quarter earnings and revenue expectations. The company said growth in the quarter was driven in part by a strong spring execution, online sales and strength in appliances, home services and pro sales. Lowe’s reaffirmed its full-year guidance, with CEO Marvin Ellison acknowledging a “challenging housing macro.” June 15, 2026May 20, 2026 by
Target beats Wall Street estimates, hikes sales outlook as shoppers start to return. Target on Wednesday posted fiscal first-quarter earnings and revenue that topped expectations and raised its full-year sales outlook. Same-store sales rose 5.6%, the retailer’s first increase in the key metric in five quarters. CEO Michael Fiddelke, who took over earlier this year, is trying to reverse a prolonged sales slump at Target. May 20, 2026 by
Authentic Brands Group expects IPO in next 12 months, founder tells CNBC. Authentic Brands Group, the management firm behind more than 50 retail brands, has tapped Matt Maddox, a public company veteran and former Wynn Resorts executive, as its next CEO. As part of the transition, founder Jamie Salter will become executive chairman. In an exclusive interview, Salter told CNBC he expects to take the company public in the next 12 months. May 20, 2026 by
Home Depot says core shopper is resilient in the face of higher gas prices, sales rise 5%. Home Depot beat Wall Street’s expectations on the top and bottom lines and reaffirmed its full-year guidance. The company said its core consumer remains “engaged” even in the face of higher gas prices and plummeting consumer confidence. Still, shoppers are cautious when it comes to larger projects. May 19, 2026 by
Lululemon takes battle with Chip Wilson public, calls founder ‘misguided’ and ‘outdated’. Lululemon is issuing its first major public response to founder Chip Wilson in a letter to shareholders, where it laid out why its strategy, its incoming CEO Heidi O’Neill and board nominees are ultimately best for investors. Lululemon urged shareholders to vote for its three board nominees over Wilson’s, calling them “vastly superior.” Wilson has criticized Lululemon for “deprioritizing creative excellence at the altar of efficiency” and said the solution is “more proven, creative leaders” in the boardroom. June 15, 2026May 18, 2026 by
EBay rejects GameStop’s $56 billion takeover bid, calling it ‘neither credible nor attractive’. EBay’s board rejected GameStop’s $56 billion takeover bid, calling the unsolicited offer “neither credible nor attractive.” GameStop CEO Ryan Cohen made an audacious bid for the online marketplace last week. Many analysts questioned the deal, citing questions about how GameStop would finance the transaction and the strategic rationale. June 15, 2026May 12, 2026 by
Peloton beats estimates on revenue as higher subscription prices offer a boost. Peloton posted fiscal third-quarter earnings results that beat Wall Street estimates on revenue. The company touted better-than-expected equipment sales, subscription revenue and profitability. CEO Peter Stern told CNBC that the company believes raising prices on its subscriptions was a value-driven move. May 7, 2026 by
Peloton beats estimates on revenue as higher subscription prices offer a boost. Peloton posted fiscal third-quarter earnings results that beat Wall Street estimates on revenue. The company touted better-than-expected equipment sales, subscription revenue and profitability. CEO Peter Stern told CNBC that the company believes raising prices on its subscriptions was a value-driven move. May 7, 2026 by
Peloton beats estimates on revenue as higher subscription prices offer a boost. Peloton posted fiscal third-quarter earnings results that beat Wall Street estimates on revenue. The company touted better-than-expected equipment sales, subscription revenue and profitability. CEO Peter Stern told CNBC that the company believes raising prices on its subscriptions was a value-driven move. May 7, 2026 by
EBay soars as Ryan Cohen says GameStop could issue stock to pay for takeover of much bigger retailer. GameStop made a non-binding takeover proposal for eBay, offering $125 per share. “We are offering half cash, half stock, and we have the ability to issue stock in order to get the deal done,” Cohen said in a combative CNBC interview. Cohen said eBay’s earnings power could increase materially under tighter cost controls. May 4, 2026 by
