Key Takeaways Ralph Lauren's strategy centers on brand elevation, core product growth and key city expansion.RL projects mid-single-digit revenue CAGR and 100-150 bps margin expansion through FY28.The company plans to return at least $2B to shareholders via dividends and buybacks by FY28.Ralph Lauren Corporation (RL) is benefiting from its unique brand portfolio, product innovations and strategic execution of its Next Great Chapter plan.In the latest update, Ralph Lauren will continue to execute its three c ...

Gen Z borrowers took the biggest hit of any age group this year, helping pull overall credit scores lower in the worst year for US consumer credit quality since the global financial crisis roiled the world’s economy. The average FICO score slipped to 715 in April from 717 a year earlier, marking the second consecutive year-over-year drop, according to a report released Tuesday by Fair Isaac Corp. The average score dropped three points to 687 in 2009. Most Read from Bloomberg Gen Z borrowers saw the lar ...

Key insight: KPMG repeatedly certified the three banks as financially sound, even shortly before the banks failed.Supporting data: The firm earned nearly $20M in combined fees in 2022 from the three banks.Forward look: Lawmakers are recommending auditing industry reforms, including mandatory auditor competition, expanded Public Company Accounting Oversight Board disclosure and new whistleblower programs.Accounting firm KPMG, which audited each of the three midsize regional banks that failed in 2023, signed ...

FRAMINGHAM, Mass.--(BUSINESS WIRE)--The TJX Companies, Inc. (NYSE: TJX) today announced the declaration of a quarterly dividend on its common stock of $.425 per share payable December 4, 2025, to shareholders of record on November 13, 2025. About The TJX Companies, Inc. The TJX Companies, Inc., a Fortune 100 company, is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. Our mission is to deliver great value to customers every day. We do this by offering a rap. ...

BREAKING: Fed Meeting Announcement Soon; Rate Projections Key Reddit (RDDT) stock pared its losses for the day following a report that it's in "early talks" with Google parent Alphabet (GOOGL) on a new content-sharing agreement. The social media platform plans to discuss new deal structures for its content with both Google and OpenAI, according to Bloomberg. Reddit stock has rallied nearly 45% in the past three months, helped by strong Q2 results posted on July 31. Also, the stock is up more than 600% from ...

The famous duo of Ben & Jerry’s is no longer after half of the eponymous ice cream brand has split over disagreements with parent company Unilever (NYSE:UL). On Wednesday, Jerry Greenfield tendered his resignation from the company he founded in 1978 ...

Key Takeaways Grocery Outlet's Q2 sales rose 4.5% YoY to $1.18B, with 1.1% comparable store growth.Transaction volume rose 1.5%, offsetting a 0.4% dip in average ticket size.Operational tools like real-time order guides delivered notable comp lifts.Grocery Outlet Holding Corp. (GO) showed steady progress in the second quarter of 2025, reflecting a sharper focus on store-level productivity. Net sales increased 4.5% year over year, reaching $1.18 billion, supported by 1.1% comparable store sales (comps) growt ...

Key Takeaways Goldman is exiting non-core consumer banking to focus on IB, trading and asset management. The 1H25 results showed 10% revenue growth and 14.9% return on common equity. The efficiency ratio improved to 62% from 63.8% on cost management and streamlining efforts.The Goldman Sachs Group’s (GS) streamlining efforts have been underway for some time as it retreats from underperforming non-core consumer banking ventures and sharpens its focus on core businesses, including investment banking (IB), tra ...

This monthly article series provides a top-down analysis of the consumer discretionary sector based on industry metrics. It may also help analyze sector ETFs such as Consumer Discretionary Select Sector SPDR ETF ( XLY ) andFred runs the investing group Quantitative Risk & Value where he shares a portfolio invested in quality dividend stocks, and companies at the forefront of tech innovation. Fred also supplies market risk indicators, a real estate strategy, a bond strategy, and an income strategy in closed- ...

If the Federal Reserve announces an interest rate cut — even by 25 basis points — today, Michael Saylor's Bitcoin proxy firm Strategy (Nasdaq: MSTR), formerly MicroStrategy, stands to benefit. Yes, you read that right. Strategy, the world's largest Bitcoin treasury firm, will be able to drive forward its Bitcoin acquisition agenda even more aggressively if the Fed announces a rate cut after the conclusion of the Federal Open Market Committee (FOMC) meeting on Sep. 17. The reason is pretty simple and it' ...