Intuit, the maker of financial software TurboTax, QuickBooks and Mint, is posting an 8 percent decline in revenue, pointing in a statement to the worldwide coronavirus pandemic as being the cause. The quarter ended April 30. Get the Full Story Complete the form to unlock...
Alibaba Group Holding Co. reported results on Friday (May 22) that showed continued pivots to online commerce and mobile shopping, amid lockdowns that have shuttered brick-and-mortar retailers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Target reported on Wednesday (May 20) that it had a very busy first quarter as consumers flocked to its website to stock up in preparation for the pandemic. But like Walmart, which reported strong numbers on Tuesday, Target also paid a high price for its...
As it leaned into its digital businesses with its stores closed amid the pandemic, Kohl’s Corporation saw its digital sales rise 24 percent for the quarter and accelerate to 60 percent in April. CEO Michelle Gass said in a Tuesday (May 19) first-quarter earnings call with...
When the going gets tough, the tough go to Walmart. That’s one of the main takeaways to come out of Walmart’s first-quarter earnings release Tuesday (May 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
China’s multinational conglomerate Tencent beat earnings forecasts in the first quarter of 2020 with total net revenues of $15.2 billion, up 26 percent from the same period of 2019, according to a press release. Get the Full Story Complete the form to unlock this article...
As the coronavirus pandemic moved throughout the world, Marriott International Inc. reported that revenue per available room (RevPAR) plummeted by 22.5 percent globally. The company also issued senior notes of $1.6 billion in April and brought in $920 million in additional liquidity via amendments to...
Cardtronics, which calls itself the world’s largest ATM owner-operator, disclosed its first-quarter results on Friday (May 8), which reflected lower revenues due to lockdowns and some location closures. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
For the last several weeks speculation has run rampant on what the real effects of the COVID-19 pandemic and resultant shutdown would end up being by the numbers when the Q1 earnings officially hit the wires. As of this week, a lot of that speculation...
