Clothing retailer Ralph Lauren (RL) has issued second-quarter financial results that topped Wall Street’s forecasts. The New York City-based company known for its polo shirts reported earnings per share (EPS) of $2.70 U.S., which was above the $2.48 U.S. consensus forecast of analysts. The profit was up 15% from a year earlier.Revenue of $1.50 billion U.S. was in line with Wall Street expectations. Sales growth was driven by a 6% year-over-year increase in Europe and a 4% gain in Asia. The strong results were attributed to several factors, including cost controls with lower marketing spending…
Author: wrowan
Asia Down as Wall St. Recovers
Asia-Pacific markets were mostly down in choppy trading on Thursday after U.S. stock benchmarks fell overnight, while investors assessed trade data from Japan and awaited India’s rate decision.In Japan, the Nikkei 225 index dropped 258.47 points, or 0.7%, to 34,831.15. In Hong Kong, the Hang Seng index poked ahead 13.97 points, or 0.1%, to 16,891.83.Global equities and currencies plunged earlier this week after the Bank of Japan hiked interest rates to their highest levels since 2008, and the U.S. released weaker-than-expected employment numbers.On Thursday, investors in Asia will assess…
‘A lot of damage’: Research team surveying Calgary hail storm damage
A team of researchers is on the ground in Calgary assessing the damage caused by a recent destructive hail storm.
‘I love Toronto’: Cast of ‘The Umbrella Academy’ sings city’s praises ahead of final season
Cast members from ‘The Umbrella Academy’ are sharing their love for Toronto as the show prepares to wrap up its fourth and final season.
Crews make progress in Jasper National Park but firefighting to continue into fall
JASPER, Alta. — Officials from Parks Canada say crews are making good progress on tackling the wildfire in Jasper National Park but expect some firefighting to continue into the fall. During a virtual press conference Tuesday, agency incident commander Landon…The post Crews make progress in Jasper National Park but firefighting to continue into fall appeared first on Canadian Underwriter.
Meo Launches New ‘Cinq à Sept’ Menu
The Goods from Meo Vancouver, BC | This summer, Vancouver Chinatown’s newest cocktail and snack bar, Meo, invites guests to slip away for an afterwork rendezvous with colleagues, friends, or lovers for its new early evening Cinq à Sept menu. Exclusively available between the hours of 5:30 p.m. to 7 p.m., there will be sip […]
Ford ‘happy as punch’ about Walz as running mate pick, two months after meeting
Ontario Premier Doug Ford says he is “happy as punch” that Minnesota Gov. Tim Walz has been chosen as Vice-President Kamala Harris’ running mate on the Democratic presidential ticket.
OEB grants water well advocate intervenor status at hearing for Hydro One project
A water well advocate has been granted intervenor status at an upcoming hearing before the Ontario Energy Board for the proposed $300-plus million St. Clair Transmission Line project by Hydro One.
RCMP arrest man in Ontario for allegedly making violent threats against Trudeau
RCMP officers in the Greater Toronto Area have arrested a 33-year-old man for allegedly threatening Prime Minister Justin Trudeau in a video posted online
New executive director takes the reins of CMHA Brant Haldimand Norfolk
Canadian Mental Health Association Brant Haldimand Norfolk has a new executive director. Lynn Hinds began her new role Tuesday (Aug. 6). “I’m passionate about positively impacting mental health services and supporting the well-being of our community and I’m excited to join CMHA Brant Haldimand Norfolk,” Hinds said in a statement. “This role offers an incredible […]
