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Walmart boosts outlook after a strong first quarter and rising online sales

Published Wed, 27 Nov 2024 09:48:25 GMT

NEW YORK (AP) — Walmart reported a strong first quarter as the nation’s largest retailer continues to draw budget conscious consumers in a challenging economic environment.The company, based in Bentonville, Arkansas, offered an upbeat outlook for the year.Walmart reported net income of $1.63 billion, or 62 cents per share for the three month period ended April 30. Earnings, adjusted for non-recurring costs, came to $1.47 per share, far exceeding the per-share earnings of $1.32 that Wall Street was looking for, according to a survey by FactSet. That compares with $141.57 billion, or 74 cents per share, in the year ago period.Sales rose 7.6% to $152.3 billion, also topping estimates. Comparable store sales — those from established stores and online operating over the past 12 months — rose 7.4%, a bit slower than the 8.3% during the fourth quarter but still solid. It posted an 8.2% gain in the fiscal third quarter. Online sales rose 26% in the first quarter, an acceleration...

Alibaba: Fiscal Q4 Earnings Snapshot

Published Wed, 27 Nov 2024 09:48:25 GMT

HONG KONG (AP) — HONG KONG (AP) — Alibaba Group Holding Ltd. (BABA) on Thursday reported fiscal fourth-quarter net income of $3.42 billion, after reporting a loss in the same period a year earlier.The Hong Kong-based company said it had net income of $1.31 per share. Earnings, adjusted for one-time gains and costs, were $1.56 per share.The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.The online retailer posted revenue of $30.32 billion in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $30.35 billion.Alibaba shares have increased almost 3% since the beginning of the year. The stock has declined slightly more than 1% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BABA at https://www.zacks.com/ap/BAB...

Canada Goose: Fiscal Q4 Earnings Snapshot

Published Wed, 27 Nov 2024 09:48:25 GMT

TORONTO (AP) — TORONTO (AP) — Canada Goose Holdings Inc. (GOOS) on Thursday reported a loss of $2.3 million in its fiscal fourth quarter.On a per-share basis, the Toronto-based company said it had a loss of 2 cents. Earnings, adjusted for non-recurring costs, came to 10 cents per share.The high-end coat maker posted revenue of $216.8 million in the period.For the year, the company reported profit of $55 million, or 52 cents per share. Revenue was reported as $920.6 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GOOS at https://www.zacks.com/ap/GOOSSource

Montgomery Co. Council appoints Harris as new planning board chair

Published Wed, 27 Nov 2024 09:48:25 GMT

Artie L. Harris, Jr. will chair the Montgomery County Planning Board after the county’s council tapped him for the position on Tuesday. The council also appointed Josh Linden as a planning board member as well.The planning board is the primary land use and planning adviser for Montgomery County, as well as commissioners of the Maryland-National Capital Park and Planning Commission.The appointments come after the planning board’s previous chair, Casey Anderson, and other board members, including Vice Chair Partap Verma, Gerald Cichy, Tina Patterson and Carol Rubin, were embroiled in controversy — which included Anderson acknowledging he kept a fully stocked bar in his office, which went against Maryland-National Capital Park and Planning Commission policy.“Artie Harris and Josh Linden have the combined experience, leadership and listening skills that are necessary to engage with community members and the Council about land use and planning issues. These individuals ...

Climate outlook shows rain in forecast through end of May

Published Wed, 27 Nov 2024 09:48:25 GMT

DENVER (KDVR) -- It has been a record-breaking May in Denver so far with 4.7 inches of rainfall half way through the month. As of Wednesday evening, this May in Denver is the 10th wettest on record. Over 800% of average precipitation measured in parts of Colorado Looking ahead for the next two weeks, this May will likely end with over five inches of rainfall accumulation in Denver. The precipitation forecast above shows the potential rainfall accumulation added up over the next seven days. For many parts of central and southern Colorado, totals will range from .75 inch up to two inches for the seven days. This comes after the three to seven inches measured in parts of eastern Colorado last week. Denver has had 5 times more rain than Seattle so far this May The wettest days in the seven-day forecast will be Thursday afternoon into Friday morning of this week with scattered showers and storms. The eight to 14-day outlook by the Climate Prediction Center shows likely above averag...

Deputy in El Paso County catches driver going 113 mph

Published Wed, 27 Nov 2024 09:48:25 GMT

EL PASO COUNTY, Colo. (KDVR) -- The El Paso County Sheriff's Office recently caught a driver going 113 mph on Highway 94, and said the action was something they see a lot.The driver was slapped with a ticket for speeding and for reckless driving. Mind-wandering crashes double in Colorado "A perfect example of dangerous driving we see in El Paso County on a daily basis," EPSO said. A driver convicted of speeding 25 mph or more over the speed limit can face a minimum fine of $150 and 10 days in jail. A charge for reckless driving is added if the driver is going 40 mph over the limit or more.Traffic deaths of all kinds on the rise in ColoradoIn 2022, the state saw 745 traffic deaths, the highest number in decades. "It’s impossible to think of a community that hasn’t been affected by one of these crashes,” Colorado State Patrol Col. Matthew Packard said in January when the data was released.El Paso County alone saw 83 -- the most of any county -- with 28% of those being speed-related...

More Storms In Store

Published Wed, 27 Nov 2024 09:48:25 GMT

High pressure in the Gulf and low pressure to the North will maintain our winds flowing in out of the West-Southwest. This is going to keep developing storms moving from West to East through Friday. Therefore, look for strong morning sunshine followed by afternoon storms developing inland and pushing toward the coast. High temperatures will range in the upper 80’s to low 90’s. Not everyone will get activity, but those areas that do can expect to see pockets of heavy rain producing gusty winds and frequent lightning. The Storm Prediction Center has place the Florida Peninsula under a marginal risk of encountering a strong-end storm. Have a wonderful day South Florida and make it a safe one! Vivian GonzalezMeteorologist, AMS Certified WSVN Channel 7

Minnesota man indicted over theft of ruby slippers from ‘The Wizard of Oz’

Published Wed, 27 Nov 2024 09:48:25 GMT

(CNN) — US authorities have charged a man in connection with the theft of a pair of ruby red slippers worn by actress Judy Garland as Dorothy in the 1939 classic movie “The Wizard of Oz” nearly 20 years after they were stolen from a museum in Minnesota.On Tuesday, a federal grand jury indicted Terry Jon Martin on one count of theft of a major artwork for allegedly stealing “an object of cultural heritage from the care, custody, or control of a museum,” according to court documents filed in the US District Court of Minnesota. The slippers were valued at least $100,000, court documents stated.CNN has reached out to Martin for comment. It is unclear if he currently has an attorney of record.In August 2005, authorities said a thief broke into the Judy Garland Museum in Grand Rapids, Minnesota before smashing a glass display case and stealing the slippers. Investigators said they had no evidence, aside from a single sequin that had fallen off one of the slippers.A breakthrough in the cas...

Biden 2024 campaign sees multiple ‘viable pathways’ to 2024 election win

Published Wed, 27 Nov 2024 09:48:25 GMT

By WILL WEISSERT (Associated Press)WASHINGTON (AP) — President Joe Biden ‘s reelection campaign is vowing to hold the states that won him the White House in 2020 but also compete in places it lost like North Carolina and increasingly Republican-dominated Florida, providing what it says are “a number of viable pathways to the 270 electoral votes” needed to clinch four more years. Offering her first extensive comments on strategy since she was named manager of Biden’s campaign last month, Julie Chavez Rodriguez wrote in a memo to “interested parties” that the 2024 race presents “significant opportunities to grow Democratic support.” It was released while Biden was traveling in Japan, but he is skipping previously planned, subsequent stops in Australia and Papua New Guinea to focus on debt limit talks in Washington.Rodriguez said the reelection campaign is planning early investments to try to retain battleground states Biden won in ...

Column: A chilly spring for David Ross and Pedro Grifol — and other warning signs for Cubs and White Sox in the summer ahead

Published Wed, 27 Nov 2024 09:48:25 GMT

What the Washington Post termed “a bizarre, localized cold front” hit Chicago on Tuesday afternoon, suddenly turning a warm spring afternoon into a chilly night.Meteorologists called it a “pneumonia front,” comparing it to the chills one experiences when getting ill.Coincidentally, Cubs fans also have been going through a pneumonia front after a feel-good start to the 2023 season evaporated into thin air, leaving them cold and confused and looking for someone to blame.The Cubs blew a five-run, eighth-inning lead Wednesday night in Houston in a 7-6 loss to the Astros, extending their losing streak to five games and falling to 19-24, tied with the rebuilding Cincinnati Reds for third place in the National League Central.Drew Smyly pitched seven perfect innings in a 13-0 win against the Los Angeles Dodgers on April 21, leaving the Cubs at 12-7. They’ve gone 7-17 since, wasting another strong outing by Smyly on Wednesday.The Cubs batted .242 with a .709 OPS...