Browsing: earnings forecast

UK discount retailer B&M has just issued a second profit warning, as soaring clearance costs continue to bite. These unexpected expenses have tightened margins, forcing the company to revise its earnings forecasts downward

Britain’s Sainsbury’s has raised its full-year profit forecast, fueled by strong sales growth and a wave of enthusiastic customer demand, Reuters reports. The supermarket giant is confident it will keep this winning streak going in the months ahead