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...
PayPal’s CEO told investors and customers that the California-based electronic payments company deserves kudos for its performance last year. 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...
With the addition of 40 net new restaurants and a blended same-restaurant sales increase of 2.3 percent, Darden Restaurants, Inc. reported that total sales increased 4.5 percent in the fiscal third quarter of 2020. The restaurant company also repurchased roughly 0.6 million common stock shares...
Thanks to the coronavirus, we’ve now entered the age of social distancing, where interactions will, at least for now, be done through zeros and ones. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Used to be that retail earnings reports were about numbers. Now they’re about viruses. That was the case yesterday as Costco announced Q4 earnings per share of $2.10 on revenue of $39.07 billion. Adjusted same-store sales grew 7.9 percent with U.S. comps up 8.1 percent,...
As Kroger aims to keep enhancing its customer connection with investments in what it calls its competitive moats, the grocer’s fourth-quarter identical sales without fuel increased 2 percent. Chairman and CEO Rodney McMullen said on an earnings conference call with analysts on Thursday (March 5)...
As Nordstrom reported fourth-quarter results that fell below analyst estimates, shares plummeted on the news – but the department store retailer highlighted a bright spot with its smaller-format stores and services. Nordstrom CEO Erik Nordstrom said in the firm’s Q4 earnings call on Wednesday (March 4), “Customers have...
Target’s Q4 earnings report was something of a mixed bag in terms of outcomes. Earnings per share came in ahead of expectations at $1.69, as opposed to the $1.65 forecast – bringing net income for the quarter to $843 million. Target reported $799 million in net income...
