Best Buy Posts Higher Comparable Sales After Raising Prices
Best Buy posted higher comparable-store sales for the second quarter, and maintained its full-year outlook despite uncertainty around tariffs.
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TD Bank Swings to Quarterly Profit as Credit-Loss Provision Drops
Toronto-Dominion Bank swung to a profit in the latest quarter after absorbing hefty charges last year for the investigation into its U.S. anti-money laundering program’s failings and as its provision for credit losses fell.
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Hormel Foods to Raise Prices as Commodity Costs Hurt Profit
Hormel Foods said it’s planning to take “targeted pricing actions” as higher commodity input costs hurt fourth-quarter results and were expected to weigh on profitability for the rest of the year.
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Even Nvidia Has Speed Limits
Strong AI chip sales came up a bit short for the market’s only $4 trillion company.
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Pernod Ricard’s Brighter Outlook Prompts Cheer
The distiller expects improving sales trends in the second half of fiscal 2026 following continued weak demand in China and further inventory destocking in the U.S.
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Dick’s Sporting Goods Lifts Outlook as Sales Climb
Dick’s Sporting Goods lifted its full-year guidance after logging second-quarter gains on its top and bottom lines as it closes in on completing an acquisition of Foot Locker.
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Burlington Stores Increases Full-Year Outlook
Burlington Stores revised its targets higher on the strength earnings and revenue growth in the second quarter.
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Victoria’s Secret Lifts Sales Guidance But Flags Doubled Tariff Hit
Victoria’s Secret increased its sales target for the full year after strong sales growth in the second quarter, but said it expects the impact of tariffs to be worse than previously thought.
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Berkshire Hathaway Raises Stake in Mitsubishi
Warren Buffett’s Berkshire Hathaway has increased its stake in trading house Mitsubishi Corp., taking it to more than 10%.
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First Google, Now Microsoft: Tech Staff Are in Revolt Over Gaza
Employee activism has put some tech workers at odds with their bosses and tested internal policies at Microsoft and Google.
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After Cracker Barrel Uproar, Activist Investor Seizes the Moment
Activist investor Sardar Biglari, CEO of Steak ‘n Shake, has gone after Cracker Barrel on social media in his latest salvo against the family-dining chain.
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Genesis Cleared to Name Affiliate of Its Owner as Lead Chapter 11 Bidder
A bankruptcy judge allowed the struggling nursing home operator to tap a loan from landlords and an affiliate of its controlling private-equity owner.
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Five Below Lifts View as More Shoppers Look for Value
The discount retailer raised its full-year outlook after sales soared in the second quarter thanks to rising demand for low-cost goods.
(END) Dow Jones Newswires
August 28, 2025 09:15 ET (13:15 GMT)
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