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Designer Brands: Fiscal Q4 Earnings Snapshot

Published Wed, 26 Feb 2025 06:35:39 GMT

COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Designer Brands Inc. (DBI) on Thursday reported fiscal fourth-quarter profit of $45.1 million.On a per-share basis, the Columbus, Ohio-based company said it had net income of 66 cents. Earnings, adjusted for one-time gains and costs, were 7 cents per share.The footwear and accessories retailer posted revenue of $760.5 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $792.7 million.For the year, the company reported profit of $162.7 million, or $2.26 per share. Revenue was reported as $3.32 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DBI at https://www.zacks.com/ap/DBISource

Signet: Fiscal Q4 Earnings Snapshot

Published Wed, 26 Feb 2025 06:35:39 GMT

HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Signet Jewelers Ltd. (SIG) on Thursday reported profit of $277.3 million in its fiscal fourth quarter.On a per-share basis, the Hamilton, Bermuda-based company said it had net income of $5.02. Earnings, adjusted for non-recurring costs, were $5.52 per share.The jewelry company posted revenue of $2.67 billion in the period.For the year, the company reported profit of $376.7 million, or $6.64 per share. Revenue was reported as $7.84 billion.For the current quarter ending in April, Signet said it expects revenue in the range of $1.62 billion to $1.65 billion.The company expects full-year earnings in the range of $11.07 to $11.59 per share, with revenue ranging from $7.67 billion to $7.84 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SIG at https://www.zacks.com/ap/SIGSource

School shootings are at record levels in Colorado, US

Published Wed, 26 Feb 2025 06:35:39 GMT

DENVER (KDVR) — If it feels like there are more alerts for shootings at schools, real or fake, in Colorado, it's because there are. Wednesday, police arrested one student in connection to a shooting in Brighton in which three were injured. Several schools had closed as a security precaution. This comes only weeks after a series of so-called "swatting calls" sent a wave of closures and police presence across Colorado schools over bogus claims of active shooters. Brighton Police: 1 person shot, 3 suspects in custody The bogus calls exploit credible fears illustrated by the Brighton incident. Last year was a record for the number of school shootings. This is according to data sets from the Naval Postgraduate School Center for Homeland Defense and Security and the K-12 School Shooting Database.There were 303 incidents last year, according to the K-12 School Shooting Database which tracks every discharged firearm on school property for any reason. That is 10 times the number that occur...

Need for pet food increasing as local families struggle with inflation

Published Wed, 26 Feb 2025 06:35:39 GMT

DENVER (KDVR) — Since the COVID-era emergency SNAP benefit funds ended at the beginning of the month, families are feeling the impact. These emergency benefits were always meant to be temporary, but with inflation on top of high utility bills, families began to rely on them.Now, pet parents are now struggling to feed their animals. While you can't use SNAP benefits on dog food, some families are strapped for cash and are having a hard time feeding their families let alone their furry friends. Campaign launched against Kroger-Albertsons merger Colorado Pet Pantry gives away pet food to those who are struggling. Already in 2023, Colorado Pet Pantry is seeing a 17% increase in the number of people needing pet food.In 2022, they served a 30-day supply of pet food to 115,000 pets over the course of the year.So far this year, if they stay on track with that 17% increase, they estimate they will serve 134,000 pets state-wide.“In February, before the decrease even happened, just the antic...

Los Angeles school workers union announces plan for 3-day strike that could shut down the nation’s second-largest district

Published Wed, 26 Feb 2025 06:35:39 GMT

CNN) — A union representing school workers in Los Angeles plans to strike for three days next week with support from the district’s teachers union, it said, setting up what could be a shutdown of the nation’s second-largest school system.Cafeteria staff, bus drivers, custodians, teachers’ assistants and other members of SEIU Local 99 — Education Workers United — voted to approve a strike next Tuesday through Thursday after nearly a year of negotiating with the Los Angeles Unified School District, it said.United Teachers Los Angeles, which represents about 35,000 educators in the district, said it will honor the strike and not cross picket lines, the school workers union said in a news release.If the union strikes, “it is virtually impossible to keep schools open,” district Superintendent Alberto Carvalho said during a news conference Wednesday morning.The district serves more than 600,000 students at more than 1,000 schools, according ...

5,000-mile seaweed blob threatens Florida tourism industry

Published Wed, 26 Feb 2025 06:35:39 GMT

(CNN) — A gargantuan mass of seaweed that formed in the Atlantic Ocean is headed for the shores of Florida and other coastlines throughout the Gulf of Mexico, threatening to dump smelly and potentially dangerous heaps across beaches and put a big damper on tourist season.The seaweed, a variety called sargassum, has long formed large blooms in the Atlantic, and scientists have been tracking massive accumulations since 2011. But this year’s sargassum mass could be the largest on record — spanning more than 5,000 miles from the coast of Africa to the Gulf of Mexico.The blob is currently pushing westand will pass through the Caribbean and up into the Gulf of Mexico during the summer, with the seaweed expected to become prevalent on beaches in Florida around July, according to Dr. Brian Lapointe, a researcher at Florida Atlantic University’s Harbor Branch Oceanographic Institute.Lapointe said this year’s sargassum bloom began to form early and doubled in size betw...

Florida lawmakers to vote on proposed bill to tighten abortion laws

Published Wed, 26 Feb 2025 06:35:39 GMT

A new bill is making its way to the Florida legislature that could significantly tighten abortion laws in the state. The proposed bill would ban abortions past 6 weeks, with exceptions only in cases where the life of the mother is at risk or in cases of rape or incest.If Republican lawmakers can come to an agreement on the details of the bill, it is highly likely to become law.The proposed bill, introduced last week, is just the latest in a series of efforts by conservative lawmakers to restrict access to abortion across the United States. On Wednesday, a Texas judge heard arguments challenging an abortion pill to be sold in the state.In recent years, states like Kansas, Texas and Georgia have passed similarly restrictive laws, sparking legal challenges and public outcry.Opponents of the bill argue that it is a violation of women’s rights and could have serious consequences for their health and well-being. They point out that many women may not even realize they are pregnant a...

Martin Selmayr shortlisted to be EU’s man in DC (or New York)

Published Wed, 26 Feb 2025 06:35:39 GMT

The “Monster of the Berlaymont” might be staging a comeback — in the U.S.Martin Selmayr — once a powerful figure atop the EU’s executive institution — has been shortlisted to become the EU ambassador to either the U.S. or the United Nations, two officials told POLITICO.Selmayr currently heads the European Commission’s office in Austria, a role he took after helming the EU executive’s massive civil service during Jean-Claude Juncker’s presidency. He also served as Junker’s influential chief of staff for four years.The officials, who spoke on the condition of anonymity to discuss personnel decisions, indicated that while Selmayr is in the running to helm either the EU’s delegation in Washington, D.C., or move to New York, he is not a shoo-in.Selmayr has long been a controversial figure in Brussels, where he was considered one of the EU’s most pivotal behind-the-scenes operators. He helped push the EU’s agenda as the bloc doubled down on li...

TikTok banned on UK government phones

Published Wed, 26 Feb 2025 06:35:39 GMT

LONDON – The U.K. today banned TikTok from all government devices, as Western countries take an increasingly hostile approach to the app.The move follows a review by the country’s National Cyber Security Centre. TikTok is owned by ByteDance, a Chinese headquartered company, and Western governments fear it could give Beijing’s spies access to sensitive data.Cabinet Secretary Oliver Dowden told the House of Commons at lunchtime that the ban was “proportionate” and “prudent” and followed similar moves by allies.He said only a list of third-party approved apps would be allowed on government devices and the ban starts immediately. Government officials will still be able to use the app on their personal phones, but Dowden urged them to be cautious.He said there would be exemptions granted on a “case by case” basis. It follows similar bans by the European Union, Belgium, and Canada. The U.S. has also restricted the app last year and is now working on broader plans which could s...

Germany to put 2 percent NATO spending pledge in writing

Published Wed, 26 Feb 2025 06:35:39 GMT

BERLIN — Germany will soon commit itself for the first time in writing to hitting NATO’s 2 percent defense spending target, according to several people familiar with the plan.The pledge will come as part of an upcoming national security strategy, the first of its kind. The document has faced several delays as Chancellor Olaf Scholz’s three-party ruling coalition squabbled over the specifics. The group has now agreed, however, to enshrine a vow to spend 2 percent of Germany’s economic output on defense, according to the people who have seen the 40-plus-page document and spoke on the condition of anonymity to discuss sensitive negotiations. That would put the country in line with a long-standing NATO goal that many allies, including Germany, have struggled to meet. Scholz has previously made verbal commitments to hitting the 2 percent threshold as part of the country’s Zeitenwende, or major u-turn, on defense policy. But inserting that goal into the national security...