Lamb Weston Replaces CEO, Cuts Outlook

Lamb Weston Holdings said it was replacing its chief executive and slashing guidance again as demand for frozen potato products sputters, sending shares sharply lower.

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Watch live: Powell gives remarks on expected interest rate cut, Fed's 2025 outlook

Federal Reserve Chair Jerome Powell is set to hold a briefing Wednesday afternoon as the central bank is set to cut interest rates for a third time. The decision comes as inflation picked up ...
The Hill - 1d
Tommy Bahama maker Oxford depends on Florida for sales. It just cut its outlook following hurricanes Milton and Helene.

Shares of Oxford Industries sank after hours Wednesday after the maker of Tommy Bahama and Lilly Pulitzer clothing cut its full-year forecast — citing the impact of hurricanes Milton and Helene on ...
MarketWatch - Dec. 11
Designer Brands Cuts 2024 Outlook

Designer Brands said its sales fell in the third quarter and cut its outlook for the year as unfavorable weather and economic uncertainty reduced consumer spending. Shares fell premarket.
The Wall Street Journal - Dec. 10
Meet Lamb Chop, America’s Hottest Dog Toy

Beloved by generations of children as a famous TV puppet, the plush lamb has now earned elite status among an unlikely fan base: dogs.
The New York Times - Dec. 5
Five Below announces new CEO, shares jump on more upbeat outlook, ‘solid Black Friday’

Shares of Five Below Inc. jumped after hours Wednesday after the teen-centric discount chain raised its full-year outlook, citing an “encouraging” Black Friday weekend as it heads into final weeks ...
MarketWatch - Dec. 5
American Eagle Shares Plunge After Retailer Cuts Sales Outlook

Shares of the apparel retailer fell 12% after the company forecast a steeper-than-expected decline in sales for the holiday quarter.
The Wall Street Journal - Dec. 4
Foot Locker Shares Fall After Retailer Cuts Full-Year Outlook

Foot Locker cut its outlook for the year as more promotions and weak spending pushed the company to post a loss in the third quarter. Shares of the retailer fell.
The Wall Street Journal - Dec. 4
Nomura CEO to take pay cut after ex-staffer charged with attempted murder

Nomura’s CEO Kentaro Okuda offered his “deepest apologies” in the wake of the incident that saw one of the bank’s former employees charged with attempted murder, robbery, and arson of an inhabited ...
MarketWatch - Dec. 3
How Stellantis CEO's Cost-Cutting Mantra Cost Him His Job

Carlos Tavares’s abrupt exit from the Jeep maker came amid concerns over his renewed efficiency drive.
The Wall Street Journal - Dec. 2