Consumers are still spending, but JPMorgan CEO Jamie Dimon, in remarks accompanying the banking giant’s latest earnings Friday (April 12), detailed concerns over inflation’s impact. And “persistent inflation pressures,” as he termed them, among other factors, will be unpredictable. As Dimon stated in the earnings release,...
Friday marks the beginning of earnings season. And, as is always the case, every three months, the big banks will give a glimpse into the state of consumer spending and into a continuance of the great digital shift that has helped power banking across online...
As economic pressures weigh on shoppers’ minds, Walgreens is leveraging its targeting capabilities to keep them engaged. On a call with analysts Thursday (March 28) discussing second-quarter fiscal 2024 financial results for Walgreens Boots Alliance (WBA), the multinational pharmacy giant spoke to how U.S. consumers’...
Nike may have beaten the street with its fiscal year Q3 earnings, but it’s hardly taking a victory lap. Acknowledging that this was a “difficult time” for the brand, CEO John Donahoe told Thursday’s earnings call that some adjustments are in store, and that further...
Olive Garden owner Darden has seen a drop in lower-income diners patronizing its restaurants. The company, which also owns Longhorn Steakhouse, on Thursday (March 21) reported earnings that showed sales up 6.8% for the quarter, driven primarily by its recently-acquired Ruth’s Chris Steakhouse chain. However, a recurring theme during the company’s earnings...
PDD Holdings, the multinational commerce group that owns and operates shopping platforms Pinduoduo and Temu, saw its revenue double year-over-year as consumers sought “value for money.” The company’s total revenues in the fourth quarter of 2023 were $12.5 billion, up 123% from the same quarter a...
As consumers splurge on gifts in spite of other budgetary cutbacks, Groupon is looking to capture this lucrative opportunity. The eCommerce marketplace shared on a call with analysts discussing its fourth-quarter and full-year 2023 financial results Friday (March 15) that, amid revenue declines, the company...
Deliveroo has logged its first-ever profit as it continues pushing past its restaurant roots. The British company on Thursday (March 14) announced earnings of 85 million pounds ($109 million) for 2023, following a loss of 45 million pounds the prior year. “Our focus on service and value for...
As even affluent consumers see their spending power diminish, Dollar Tree is making gains with high-income shoppers, even as the business on the whole faces ongoing challenges. The discount retail giant, which owns its self-titled banner as well as Family Dollar, shared on a call...
