Discount store operator TJX Cos Inc on Wednesday forecast annual profit above Wall Street estimates after posting upbeat quarterly earnings, as price increases help the T.J. Maxx parent counter a hit from rising costs.
Estee Lauder Cos Inc cut its full-year profit forecast on Tuesday as fresh COVID-19 curbs in China and the suspension of operations in Russia following the invasion of Ukraine dent the cosmetics maker's sales.
Nike Inc said on Thursday it would temporarily close all its stores in Russia, joining a slew of Western brands that have suspended their businesses in the country following Moscow's invasion of Ukraine.
CoverGirl parent Coty Inc on Tuesday raised its profit expectations for the year, as the cosmetics major's focus on high-margin skincare products cushions the effect of higher costs from supply chain disruptions.
Cosmetics maker Estee Lauder Cos Inc raised its full-year revenue and profit forecasts on Thursday, betting on strong demand for its skincare and fragrance products in Western markets such as North America.