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Lawrence Journal World in Lawrence, Kansas

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

Lawrence Journal World

Location

Lawrence, Kansas, United States of America

Date

Aug 24, 2023

Page

8

Dollar Tree earnings eyed after mixed quarter outlook

Dollar Tree reports second quarter results before the bell with analysts forecasting 87 cents a share, down from last year's figure. The retailer trimmed its full year profit guidance to 5.73 to 6.13 dollars per share citing inventory shrink. Gap Inc also due to report after close with expectations of 9 cents a share on 3.6 billion in sales. The Commerce Department will release durable goods data, with analysts predicting July orders down about 4 percent after a prior gain.

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Foot Locker lowers outlook after soft July demand

Foot Locker Chief Executive Mary Dillon notes softening trends in July and adjusts the 2023 outlook to compete for price-sensitive shoppers. The retailer again cuts its full-year guidance and suspends the dividend as sales dip in the latest quarter amid cautious consumer spending.

Foot Locker Mary Dillon

Wall Street Rises as Bond Pressure Eases

Stocks rebound with the S&P 500 up 1.1 percent and the Dow gaining 184 points on a calmer bond market. Nasdaq advances amid mixed signals as Foot Locker slides 28.3 percent after lowering yearly earnings and sales guidance. Advance Auto Parts posts a close near 69.44 as leadership changes loom with a planned CEO transition in September.

Wall Street Dow O'Kelly

Stocks Gain After Strong Q2 Results

The clothing and accessories retailer posted solid second quarter results. Shares closed at 35.13 with a 41.04 intraday reading, up 3.1 percent on the session as investors digested the upbeat earnings.

Standoff Ends As Suspect Surrenders At Meadowbrook Apartments

Lawrence police say around 11 p.m. Tuesday officers surrounded an apartment at the Meadowbrook complex near the University of Kansas after reports a armed man would not surrender. Negotiators enabled another occupant to exit first, then the man came out and surrendered around 3:30 p.m. Wednesday. No injuries reported. Douglas County Sheriff Office and Fire Medical assisted, along with Topeka police. Harris turned over to Wichita investigators for transport. Residents returned home by mid-afternoon after evacuations.

Lawrence Bristol Terrace Harris Wichita Meadowbrook Bob Billings University of Kansas The Journal-World Lawrence Police Douglas County Sheriff’s Office Lawrence Douglas

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