Now even earnings numbers are taking a back seat to artificial intelligence (AI). In a dramatic turn of events Tuesday (Oct. 14), Goldman Sachs used its third‑quarter earnings announcement to unveil “One Goldman Sachs 3.0.” It’s a more centralized operating model built around AI. Management...
JPMorgan kicked off earnings season Tuesday (Oct .14) with third-quarter results that pointed to robust spending patterns from clients, some headwinds to savings, and a measurable impact from the bankruptcy of subprime auto lender Tricolor Holdings. Company earnings materials revealed that debit and card sales...
Citigroup CEO Jane Fraser’s multiyear effort to rebuild the once-sprawling bank into a leaner, technology-driven institution is beginning to deliver results. The bank reported its third-quarter 2025 earnings results Tuesday (Oct. 14), sharing that each of Citi’s five core businesses (Services, Markets, Banking, Wealth and...
FedEx faces a $1 billion headwind in its current fiscal year due to the global trade environment, the company said in a presentation released Thursday (Sept. 18). During the company’s quarterly earnings call held Thursday, executives said the headwind was largely driven by the United...
Darden Restaurants is seeing sales grow in the face of spiking food costs. The company, which owns chains that include Olive Garden and Longhorn Steakhouse, posted quarterly earnings Thursday (Sept. 18) that indicated resilience in consumer spending on casual dining despite wider economic pressures. The...
Kroger saw sales tick up in its second quarter as shoppers continued to cautiously spend. The grocery giant released earnings Thursday (Sept. 11) showing a 3.4% increase in sales, compared to 1.2% during the same quarter last year. Speaking during an earnings call, interim CEO...
Growth in Chewy’s Autoship subscription program and Chewy+ paid membership program helped drive an 8.6% year-over-year increase in net sales in the second quarter, exceeding the high end of the company’s guidance range. The Autoship program’s net sales increased by about 15% during the quarter...
Macy’s Inc. saw its strongest comparable sales growth in 12 quarters during the second quarter, with gains across its three department store nameplates, Macy’s, Bloomingdale’s and Bluemercury. Speaking Wednesday (Sept. 3) during the company’s second-quarter earnings call, Macy’s Inc. Chairman and CEO Tony Spring attributed...
Dollar Tree said wealthier shoppers are increasingly driving sales as consumers hunt bargains. The discount retailer released second-quarter earnings Wednesday (Sept. 3), showing a 6.5% uptick in same-store net sales, fueled by a growing number of shoppers who come from the $100,000 income bracket. “If...