Nike sales rise, but supply chain issues and inventories weigh on earnings

Nike said its revenue rose in its fiscal first-quarter despite supply-chain volatility, while swollen inventories weighed on its profit.

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

Bed Bath & Beyond's results didn't reflect the struggling, debt-laden retailer's turnaround plan, which it announced in August.

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Lego sales jump 17% in first half of 2022, boosted by Star Wars and Harry Potter sets

Lego revenue jumped 17% during the first six months of 2022, boosted by top-selling building set tie-ins with Star Wars and Harry Potter.

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FedEx hikes package rates, details cost cutting as demand weakens globally

FedEx announced rate hikes and detailed its cost-cutting efforts after warning last week it was seeing demand weaken globally.

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Olive Garden sales fall short, but parent company Darden stands by outlook

Darden Restaurants reported mixed quarterly results but still reiterated its outlook for fiscal 2023.

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FedEx moves to cut costs, withdraws 2023 guidance after first-quarter shipments disappoint

FedEx withdrew its full-year guidance and announced significant cost-cutting measures following what it called softness in global volume of shipments.

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Oracle reports 18% revenue growth after Cerner deal closes

Oracle said electronic health record software maker Cerner contributed $1.4 billion to quarterly revenue.

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GameStop reports wider loss, announces partnership with crypto exchange FTX

GameStop said quarterly sales declined and losses widened, as its inventory of video game equipment and more swelled.

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Nio reports wider second-quarter loss despite increase in EV shipments

Nio's second-quarter loss widened, but the company expects higher production and deliveries in the third quarter.

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Lululemon jumps after it boosts outlook and posts strong earnings beat

Lululemon reported second quarter earnings after the bell on Thursday.

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