Taco Bell parent Yum Brands is continuing its investment in digital technology. During a quarterly earnings call Wednesday (Feb. 7), CEO David Gibbs noted that digital sales were up 22%, as the company dealt with challenges, including conflicts in the Middle East and shifting consumer...
Ant Group reportedly saw a 92% decline in its quarterly profit. The FinTech company continues to face challenges in reviving its business amid an economic downturn and regulatory scrutiny, Bloomberg reported Wednesday (Feb. 7). Ant Group’s profit contributed 80 million yuan (about $11 million) to...
The metaverse, creator economy and artificial intelligence (AI) are among the 21st century’s biggest trends. And video game developer Roblox, which enjoyed its first-ever quarter with over $1 billion in bookings, finds itself at the intersection of all three. This, as Roblox announced its fourth-quarter...
H&R Block’s mobile banking platform has nearly quadrupled its customer deposits over the past year. Since its launch in January 2022, in cumulative results as of Dec. 31, 2023, the app, Spruce, has garnered $456 million in customer deposits, the company said in a slide presentation released Tuesday...
Western Union’s latest results showed increased traction in digital channels, and management pointed to omnichannel efforts as a key avenue of promise in the months and years ahead. The fourth quarter supplementals show that there was 5% growth in consumer money transfer transactions, with 13%...
Chipotle Mexican Grill is targeting its messaging based on digital data from its loyalty members, as across the restaurant industry, leading players are competing to offer the most personalized experience. The fast-casual giant, which has more than 3,400 locations across five countries, on a call...
Hertz is reportedly considering layoffs after selling part of its electric vehicle fleet. The car rental giant on Tuesday (Feb. 6) reported quarterly and year-end earnings showing that it lost an adjusted $1.36 per share, missing analyst projections of a 76-cent loss. The earnings came weeks after Hertz...
Fiserv’s most recent results show momentum as smaller businesses and financial institutions (FIs) alike invest in upgrading their digital and mobile capabilities and payments acceptance. Earnings supplementals released alongside the earnings announcement showed that the Merchant Acceptance segment recorded 24% organic revenue growth to $2.1...
Simon Property Group is leveraging technology to maintain shoppers’ visits to on-site stores in the face of growing competition from eCommerce players. The largest mall owner and developer in the U.S. has driven revenue increases, reporting Monday (Feb. 5) that, in the final quarter of 2023, it...