As it moved to combat COVID-19 with contactless delivery and social distancing measures, Domino’s reported on Thursday (April 23) that its global retail sales grew 4.4 percent in the first quarter. The quick-service restaurant (QSR) chain registered U.S. same-store sales growth of 1.6 percent and international same-store sales growth of...
Call it, in a way, the power of the lockdown. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...
Amid rocketing digital sales and a growing loyalty program, Chipotle Mexican Grill reported better-than-expected earnings on Tuesday (April 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Truist reported better-than-expected earnings on Monday (April 20) as consumers and businesses take an economic hit from the coronavirus, noting that it has been providing payment relief assistance to customers amid the health crisis. Get the Full Story Complete the form to unlock this article...
Given the full-scale shutdown in the U.S. and across the world, one might have expected that quarterly earnings season would be a less than sunny experience. Bank of America’s quarterly earnings report yesterday bore that out as the bank reported a 48.5 percent drop in first-quarter...
It’s becoming a familiar refrain on Wall Street: reserves to cover potential soured loans. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
Citigroup reported underwhelming first-quarter results on Wednesday (April 15) as the coronavirus continues to shake the global economy, announcing an approximately $5 billion increase in loan-loss reserves and digital enhancements despite the crisis. Get the Full Story Complete the form to unlock this article and enjoy...
Wells Fargo’s first-quarter results showed the impact of reduced customer spending amid the continued impact of the coronavirus, and reserves taken in anticipation of loan losses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
JPMorgan Chase reported results that showed the impact of the coronavirus, especially toward the end of the quarter, reflecting declines in consumer spending – and expectations that a significant number of loans and credit lines will sour. Get the Full Story Complete the form to...
