Cruise ship operator Carnival is looking at a loss of $2.22 billion for the fourth quarter ending Nov. 30 because of the pandemic’s shutdown of its voyages for almost a year now, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form...
When the largest banks in the U.S. start reporting fourth-quarter results, it is expected that profits will be down by as much as 40 percent from last year, Reuters reported on Monday (Jan. 11). Get the Full Story Complete the form to unlock this article...
FedEx reported on Friday (Dec. 18) as part of its Q2 fiscal 2021 earnings that higher volumes in international priority and U.S. domestic residential package services, in addition to pricing initiatives throughout all transportation segments, fueled increased operating results. Get the Full Story Complete the...
Nike reported on Friday (Dec. 18) as part of its Q2 fiscal 2021 financial results that its flagship Nike brand’s digital sales surged 80 percent on a currency-neutral basis during the three-month period. The shoe giant said that included triple-digit percentage growth in North America...
Darden Restaurants, Inc. reported Friday (Dec. 18) as part of its fiscal Q2 2021 earnings that total sales dropped 19.4 percent — fueled by a 20.6 percent drop in blended same-restaurant sales and offset in part by the addition of 19 net new eateries despite...
Food delivery emerged as the top earner in the third quarter for China-based firm Meituan, according to a report from the company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Gap Inc. said Tuesday (Nov. 24) that it enjoyed a 61 percent jump in online sales during its fiscal third quarter ended Oct. 31 — offsetting a 20 percent fall in in-store sales due to the ongoing pandemic. The retail giant also said that its...
Nordstrom crossed a critical digital-first economy threshold in its earnings announcement on Tuesday (Nov. 24). It became the first brick-and-mortar retailer to earn the majority of its revenue from eCommerce as 54 percent of its third-quarter take came from digital channels. Get the Full Story...
Dollar Tree, Inc. President and CEO Mike Witynski reported on Tuesday (Nov. 24) that the company’s Dollar Tree segment “delivered its strongest same-store sales performance in the past 10 quarters” in Q3. Get the Full Story Complete the form to unlock this article and enjoy...
