) beat Wall Street expectations for first-quarter profit and revenue on Wednesday, as a strong China business helped buffer a slowdown in consumer spending on pricey tank tops and leggings in its key North America market.
Lululemon’s comparable sales increased 6 per cent, a rare single-digit sales rise for the company that has seen double-digit growth over the past two years. Same-store sales in the Americas came in flat compared with last year, while they jumped 26 per cent in China mainland. A leaner inventory and strong full price selling boosted its gross margin in the quarter, increasing 20 basis points to 57.7 per cent from last year.
“This transaction is a big step toward achieving our target of $500-million from the divestment of non-core assets by the end of 2025,” said Ian White, president of Parkland Canada. Nvidia’s stock has surged 147 per cent so far in 2024, with demand for its top-of-the-line processors far outstripping supply as Microsoft, Meta Platforms and Google-owner Alphabet race to build out their AI computing capabilities and dominate the emerging technology.The Montreal-based printer, packager and publisher says revenues were $683.2-million, down from $747.2-million during the same quarter last year.
The acquisition of Bitstamp, which was founded in 2011 and holds 50 active licenses and registrations globally, puts Robinhood in direct competition with industry giants such as Binance and Coinbase. Lyft expects US$400-million in gross bookings from its advertising business in 2027, Zach Greenberger, executive vice president of Lyft’s Partnership Ecosystem, said, compared with US$50-million forecast this year.), allows advertisements within its app, as well as on tablets in vehicles and digital screens on top of cars. Lyft launched the business in 2022 and reported a 250-per-cent growth in related revenue in the quarter ending March.
Vista Outdoor had rejected MNC Capital’s proposal last week, despite engaging with the investment firm to increase its bid of US$37.50 per share, saying it undervalued the company and its performance gear business, Revelyst. Transat has 25 Airbus A321LRs, some of which are powered by the Pratt and Whitney PW1100G engine that has been recalled. Three of Transat’s A321s have been grounded recently, forcing the airline to lease three Airbus A330s to make up for lost capacity.
Transat said it renegotiated its emergency loan repayment from the federal government, extending the due date on $41-million by 10 months to February, 2026. Transat also received a credit facility worth $337-million from the government to repay customers whose flights were cancelled in the pandemic. This amount bears interest of 8 per cent this year, and 10 per cent next year.) was down on news its structures division has signed a deal to buy NRB Ltd.
Revenue would also nearly double to about US$2.3-billion in the three-month period starting April, the company said.
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