In its first earnings report since acquiring United States-based food delivery service Grubhub in mid-June, global delivery giant Just Eat Takeaway.com announced that orders for the combined company grew 51 percent in the first half of the year. Grubhub underperformed compared to the company’s other...
For banks this earnings season, it’s variations on the “reserve release” theme. It’s a common refrain now — and Citigroup joins the fray. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
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Wall Street loves earnings surprises. And when a firm raises its guidance on the tailwinds of strong fundamentals, tied to a sanguine outlook into the end of the year and beyond, stocks react positively. Get the Full Story Complete the form to unlock this article...
PepsiCo said on Tuesday (July 13) that it is positioning itself to capture a post-COVID consumer shift that will see continued migration toward digital commerce and online shopping, as well as an ongoing increase in stay-at-home activities and maintaining a healthier lifestyle. Get the Full...
Beyond the trading activities – still among the mainstays of operations – Goldman Sachs reported June quarter earnings that showed a continued uptake in consumer banking (including its Marcus business). High-level numbers beat the consensus, as earnings of $15.02 a share were leagues better than the...
J.P. Morgan Chase posted second-quarter results that showed continued gains in credit and debit card spending, at a time when consumers paid down card debt and mobile banking use also grew. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Darden Restaurants’ sales are on the rise, though not quickly enough for some. The company, which owns Olive Garden and Longhorn Steakhouse, as well as a handful of other full-service restaurant brands (both casual and fine dining) reported Thursday (June 24) that its same-restaurant sales...
London FinTech Revolut posted increased revenues and gross profits for year-end 2020, but also incurred higher operating losses last year as the COVID-19 pandemic took hold worldwide, the company said in a press release on Monday (June 21). Get the Full Story Complete the form...
