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...
JD.com, sometimes referred to as the Amazon of China, saw third-quarter 2020 net revenues surge to $25.7 billion, up 29 percent from the same period the previous year, according to a Monday (Nov. 16) announcement. The increase comes amid a pandemic-boosted surge in eCommerce. Get...
Star Indonesian startup Gojek is moving closer to eventual profitability after staunching a tide of ink amid losses on core services like delivery and ride-hailing, according to a new report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The Walt Disney Company reported on Thursday (Nov. 12) as part of its Q4 results that Disney+ had over 73 million paid subscribers at the conclusion of the quarter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Lemonade reported improved third-quarter earnings on Wednesday (Nov. 11), despite a dip in revenue that it attributed in part to an accounting change. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
