BUSINESSBLOOMBERG
Shoprite Jumps as E-Commerce Boom Boosts Full-Year Profit
Shoprite Holdings Ltd. climbed significantly in 11 months, as the company reported that its earnings are expected to rise by as much as 14.7%. This predicted profit increase is attributed to higher sales generated through its e-commerce unit.
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Adjacent reporting
- Shopify stock surged after beating revenue expectations and issuing an upbeat sales outlook
- Victoria's Secret posted surging sales and raised its full-year outlook
- Victoria Secret shares spike 40% after big earnings beat, raised sales outlook
- Starbucks reports strong quarterly sales and raises annual outlook