Thursday, 28 May 2020

Popeyes U.S. same-store sales soar more than 40%

Restaurant Brands International said Thursday that Popeyes' U.S. same-store sales have soared more than 40%, as of the third full week of May.

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Abercrombie & Fitch sales fall 34%, with stores forced shut during coronavirus pandemic; shares fall

Abercrombie & Fitch said its sales tanked 34% during the first quarter as its stores were forced shut during the coronavirus pandemic.

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Box forecasts full-year revenue above estimates on remote-work boost

Box forecast annual revenue above analysts' estimates and beat targets for quarterly sales on Wednesday, as demand rises for its online collaboration tools due to the global shift to work from home caused by the Covid-19 pandemic.

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Luxury homebuilder Toll Brothers scraps 2020 forecast on Covid-19 woes

U.S. luxury homebuilder Toll Brothers on Wednesday withdrew its full-year forecast and warned it would not provide such guidance for the foreseeable future due to uncertainty caused by the Covid-19 pandemic.

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Wednesday, 27 May 2020

Papa John's sales soared 33.5% in May — a record for 'second straight month,' CEO says

"In May, for the second straight month, Papa John's team members and franchisees delivered the best sales period in the company's history," CEO Rob Lynch said Wednesday.

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Domino's U.S. same-store sales rose 14% in first two months of the quarter

Domino's Pizza said Tuesday that its U.S. same-store sales climbed 14% during the first two months of its second quarter.

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Friday, 22 May 2020

Nvidia reports revenue up 39% from last year

The stock is up over 50% on the year, not including Thursday's after-hours move.

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Thursday, 21 May 2020

Expedia revenue falls 15% as travel is decimated by coronavirus pandemic

Expedia's first quarter earnings report shows how the Covid-19 pandemic has battered the travel industry.

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Best Buy's earnings fall in first quarter, after initial sales surge during pandemic

The retailer had a surge of sales during the early weeks of the pandemic, but later furloughed about 51,000 employees and took other cost-cutting measures.

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Macy's forecasts a first-quarter loss of up to $1.1 billion, with stores shut from coronavirus outbreak



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Wednesday, 20 May 2020

Options traders bet video game giant Take-Two will surge on earnings report

Video game publisher Take-Two Interactive is surging into Wednesday afternoon's earnings report, and options traders are betting on even more gains to come.

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Chinese Apple rival Xiaomi gets first-quarter sales boost as smartphone demand rebounds

The company managed to boost sales despite the impact of the coronavirus, which rattled supply chains and dampened overall smartphone demand.

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Target is set to report earnings before the bell. Here's what to expect

The big-box retailer's stores have remained open across the country during the coronavirus pandemic, but the crisis has squeezed its profits.

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Lowe's shares soar after same-store sales surge 11.2%



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Cramer: Earnings from retailers like Walmart, Home Depot show 'survival of the fittest economy'

"It looks like the big guys won. You have them basically cordoned off as essential services," CNBC's Jim Cramer said Tuesday.

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Tuesday, 19 May 2020

Kohl's sales tank almost 44% as coronavirus slams the retailer

Kohl's net sales tanked 43.5% during the first quarter, the company said Tuesday, as its stores were forced temporarily shut due to the Covid-19 crisis.

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Walmart is set to report first-quarter earnings before the bell. Here's what to expect

The big-box retailer has sold groceries, hair color and more to customers during the coronavirus pandemic, but it's also had additional expenses as its workforce grows and more sales shift online.

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Home Depot reports earnings before the bell — here's what analysts expect

Home Depot has had a few advantages going into the pandemic compared to other retailers.

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Friday, 15 May 2020

Aurora Cannabis posts smaller sequential loss as pot use rises amid lockdown

Aurora Cannabis posted a smaller loss compared with the prior quarter as customers in the United States and Canada stockpiled cannabis ahead of lockdowns.

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Applied Materials expects to recoup sales lost to pandemic in second half

Chip gear maker Applied Materials said it expects supply chain to gain strength in the second half of the year and help it recoup sales lost due to the Covid-19 disruption, sending its shares up 4% in extended trading on Thursday.

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Nike says virus is having a 'material' impact on its business, as stores in the US start to reopen

Nike is finally beginning to reopen stores in the U.S., but the company said Thursday it expects the coronavirus pandemic will still have a material impact on its business in North America, parts of Europe and Asia during its fiscal fourth quarter.

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Thursday, 14 May 2020

SmileDirectClub misses quarterly profit, sales estimates

SmileDirectClub posted a bigger-than-expected quarterly loss and said it expects to operate with a smaller shop footprint going forward.

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Cisco's quarterly revenue down 8% from last year, stock up on earnings beat

Cisco's results and guidance both beat expectations as the company's switching and routing business faced supply challenges because of coronavirus.

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Tuesday, 12 May 2020

Logitech sales surge as working from home boosts demand

Logitech reported a 13.6% rise in quarterly sales on Tuesday as more people used its computer products while working from home due to the coronavirus crisis.

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Toyota expects profit to drop 80% this year as virus saps car sales

Toyota Motor on Tuesday said it expects profit to drop 80% to its lowest in nine years, as Japan's biggest automaker grapples with the impact of the novel coronavirus which has sapped global demand for vehicles.

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Monday, 11 May 2020

Under Armour sales plummet 23% as coronavirus stalls turnaround plans

Under Armour reported a sales decline of 23% during its first quarter, as its business took a blow from the coronavirus pandemic.

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Thursday, 7 May 2020

AB InBev sees worse ahead, with some improvement in China

Anheuser-Busch InBev, the world's largest beer maker, forecast a "materially worse" second quarter as coronavirus restrictions curb drinking across the globe, while noting some improvement in China.

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Peloton sales surge 66%, as more people buy bikes during coronavirus pandemic; shares jump

Peloton's revenue surged 66% during the fiscal third quarter, as more people purchased its fitness equipment and tuned into its live classes, to try to break a sweat while stuck at home during the coronavirus pandemic.

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Lyft shares jump 15% as company reports more riders than last year despite coronavirus

Lyft reports its first-quarter results on Wednesday after the bell.

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Carvana shares tumble double digits on first-quarter losses

Shares of Carvana tumbled double digits during after-market trading following the auto retailer reporting a net loss of $183.6 million during the first quarter.

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Twilio skyrockets as quarterly results fly past estimates

Although revenue growth deccelerated, Twilio still put up numbers that exceeded what analysts had expected.

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Papa John's CEO says April was the best month in company's history

"We feel very confident that we have the infrastructure in place to deliver long-term, sustainable growth," Papa John's CEO Rob Lynch told CNBC.

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Wednesday, 6 May 2020

Homebound parents bought board games, not Barbies, crippling Mattel's sales in the first quarter

Consumers stocked up on board games, not Barbie dolls, amid the coronavirus pandemic, sending Mattel's sales in the first quarter tumbling.

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New York Times expects ad revenue to plummet 50% in Q2, but broke its record for net new subscriptions in a quarter

The New York Times Company said it expects advertising revenue to fall between 50-55% year-over-year in the second quarter as impacts of the pandemic are hitting demand for advertisers. But the media company, which gets two-thirds of its revenue from subscriptions, said it added more than half a million net new digital subscriptions.

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General Motors earnings are out — here are the numbers

General Motors is set to report its first-quarter earnings before the bell on Wednesday as the company grapples with the fallout from the coronavirus pandemic that's shuttered factories and devastated sales.

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Wendy's shares jump as company reports US same-store sales picking up as customers return



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CVS Health first-quarter revenue rose 8% as customers rushed into stores to buy essentials; shares up

The drugstore chain's stores have remained open as an essential retailer during the coronavirus pandemic, and it's also opened drive-thru testing sites.

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Disney reports 58% drop in operating income from parks and cruises, its worst-hit segment

This is the first earnings report with Bob Chapek at the helm of Disney, after former CEO Bob Iger transitioned to executive chairman.

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The businesses that made Disney a juggernaut are suddenly hurting, distracting from its streaming success

Disney wants Wall Street to focus on its growing streaming business, but its media networks, theme parks and film studio have grown too large to be ignored. That's become a big problem during coronavirus shutdowns.

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Beyond Meat shares rise as first-quarter revenue soars 141%, but it withdraws 2020 forecast due to coronavirus

Citing uncertainty due to the coronavirus pandemic that's shuttered much of the dine-in restaurant industry around the world, the company suspended its full-year forecast.

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Pinterest drops after reporting slowing user growth in first quarter results

Shares of Pinterest fell as much as 9% in after-hours trading on Tuesday after the company reported its first quarter results.

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Cheesecake Factory swings to a loss as coronavirus weighs on earnings

The Cheesecake Factory swung to a loss in its fiscal first quarter as the coronavirus pandemic forced the company to close its dining rooms and furlough thousands of its workers.

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Tuesday, 5 May 2020

Wayfair's sales surge almost 20%, net loss widens, in the first quarter

Online furniture retailer Wayfair's net loss widened during the first quarter, as its sales surged nearly 20% from a year ago.

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Disney's parks were its biggest profit-maker, now they could be its biggest drag on earnings

Last year, Disney's Parks, Experiences and Consumer Products segment was its fastest-growing profit driver. Now, it could be the company's biggest drag on earnings, thanks to the Covid-19 outbreak.

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Tenet Healthcare warns of significant Covid-19 impact in the second quarter

Tenet Healthcare warned of a significant hit from the Covid-19 pandemic in the current quarter, even as the hospital operator's quarterly profit beat estimates due to a tax benefit from the coronavirus stimulus bill.

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DuPont slashes capital expenses, increases cost savings

Industrial materials maker DuPont on Tuesday slashed its capital expenditure by about $500 million and raised its annual cost-savings target to counter global trade uncertainties brought on by the coronavirus outbreak.

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Friday, 1 May 2020

Exxon loses $610 million in the first quarter on writedowns tied to plunging oil



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Amgen is studying Otezla for coronavirus; its first-quarter results beat Street estimates

Amgen reported better-than-expected first-quarter results and said it plans to study psoriasis drug Otezla as a potential treatment for Covid-19, the respiratory disease caused by the new coronavirus.

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Chevron says results will be 'depressed' as long as oil stays low, taking steps to protect dividend

Chevron beat earnings estimates for the first quarter, but said that looking forward results will be depressed if oil prices remain low.

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Clorox sales jump 15% on strong demand for cleaning products, raises forecast

Clorox on Friday reported that its fiscal-third quarter sales climbed 15% as consumer demand for its cleaning products soared.

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Restaurant Brands' Popeyes sales surge, while Tim Hortons misses estimates

Restaurant Brands said on Friday comparable sales at its Popeyes fast-food chain surged 26.2%, surpassing Wall Street expectations, powered by demand for its popular chicken sandwiches.

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Visa withdraws annual outlook amid virus outbreak

Visa on Thursday decided to pull its full-year outlook on rising unemployment numbers and more people conserving cash during the Covid-19 pandemic even while posting a second-quarter profit that rose 4%.

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