Abercrombie & Fitch expects net sales to grow between 19% and 20% in 2021. It will be between 2% and 3% from 2019. However, the clothing distributor has lowered its sales forecast for the fourth quarter. 2021, due to “unexpected additional delays in receiving inventory and increasing Covid-related impacts and restrictions.”
American Airlines
American Airlines has updated its outlook for the fourth quarter of 2021. The American airline company now expects its turnover to decline by around 17% compared to the fourth quarter of 2019. Until then, it had expected a decline of ‘around 20%. At the same time, American Airlines anticipates a 13% drop in capacity compared to the fourth quarter of 2019. The guidance was in a range between -11% and -13%. At the end of the fourth quarter of 2021, American Airlines had approximately $ 15.8 billion in cash on hand.
CVS Health
CVS Health said it expected earnings of $ 5.87 to 5.92 per share in 2021, while the drugstore chain previously expected between $ 5.50 and $ 5.61. Adjusted EPS is now expected to be $ 8.33-8.38, against a previous estimate of at least $ 8; the FactSet consensus is targeting $ 8.04. For fiscal year 2022, CVS continues to forecast EPS of $ 7.04 7.24, or $ 8.10-8.30 in adjusted data. Consensus expects 2022 adjusted EPS of $ 8.26.
Intel
Intel Corporation has announced the appointment of David Zinsner to the position of Executive Vice President and Chief Financial Officer (CFO) of the company, effective January 17, 2022. David Zinsner has over 20 years of financial and operational experience in the semi -conductors and manufacturing. He was most recently Executive Vice President and Chief Financial Officer at Micron Technology, Inc.
Pfizer
Pfizer is working on a hybrid vaccine that will cover variants of the coronavirus, including omicron, and plans to seek regulatory approval by March if necessary, said Albert Bourla, chief executive of the pharmaceutical glove.
Rivian
Rivian gave an update Monday evening on its annual production and delivery figures. In 2021, the manufacturer produced 1,015 electric vehicles and delivered 920 of them. This production figure is in line with the guidance. However, the latter was lowered last month. At the same time, the group supported by Amazon announced the departure of Rod Copes, who until then held the post of “COO” (deputy general manager).
Urban outfitters
Urban Outfitters revealed that its sales for the holiday season (November-December 2021) were up 14.6% year-over-year. The eponymous brand’s retail sales increased 3% on a comparable basis. They also increased by 15% at Anthropologie, and by 47% for the women’s ready-to-wear brand Free People. In contrast, sales fell by 18% at wholesalers, mainly because of Free People. From now on, the group of prt – porter expects that its margins 2021 will be affected by “costs of incoming transport higher than expected”.
AOF 2022