Earnings

Wells Fargo Expects Continued Slowing of the Economy 
Earnings
Wells Fargo Expects Continued Slowing of the Economy 
October 13, 2023

Wells Fargo saw net charge-offs increase, loan demand decrease and average deposits decline during the third quarter.  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...

JPMorgan Chase Card Spending Grows 8% as Consumers Draw Down Deposits
Earnings
JPMorgan Chase Card Spending Grows 8% as Consumers Draw Down Deposits
October 13, 2023

Banking juggernaut J.P. Morgan Chase reported earnings on Friday (Oct. 13) that showed resilient card spending, but a drawdown of deposits and a gradual uptick in charge-offs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Report: Goldman Sachs Earnings Hit by Slowdown in Deal Making
Earnings
Report: Goldman Sachs Earnings Hit by Slowdown in Deal Making
October 12, 2023

Goldman Sachs is reportedly expected to announce weak quarterly earnings on Tuesday (Oct. 17) as a result of a slowdown in deal making and its withdrawal from the consumer business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Domino’s: Pickup Sales Continue to Rise as Delivery Falls
Earnings
Domino’s: Pickup Sales Continue to Rise as Delivery Falls
October 12, 2023

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 form, you agree to receive marketing communications from PYMNTS and...

PepsiCo: Budget-Conscious Consumers Buy Name-Brand Products in Smaller Amounts
Earnings
PepsiCo: Budget-Conscious Consumers Buy Name-Brand Products in Smaller Amounts
October 10, 2023

Rather than trading down to lower-priced brands, many shoppers are buying the same name-brand products in smaller amounts, according to PepsiCo. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Constellation Brands: Budget-Strapped Consumers Are Buying Less Alcohol, More Often
Earnings
Constellation Brands: Budget-Strapped Consumers Are Buying Less Alcohol, More Often
October 05, 2023

As consumers deal with inflation and other economic challenges, Constellation Brands is seeing shoppers make more frequent alcohol purchases but buying less per trip. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

McCormick CEO: Grocery Shoppers Want Value Without Sacrificing Brand Names
Earnings
McCormick CEO: Grocery Shoppers Want Value Without Sacrificing Brand Names
October 04, 2023

Even as consumers seek out low-cost options, they choose brand names when given a budget-friendly choice, according to McCormick. 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...

Report: TikTok Owner ByteDance Sees Revenue Bump as Growth Slows
Earnings
Report: TikTok Owner ByteDance Sees Revenue Bump as Growth Slows
October 03, 2023

TikTok owner ByteDance reportedly recorded a $6 billion operating profit in the first quarter of the 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 to our...

UNFI Says CPG Brands Will Need to Step Up Deals to Get Customers Back
Earnings
UNFI Says CPG Brands Will Need to Step Up Deals to Get Customers Back
September 26, 2023

As grocery inflation normalizes, United Natural Foods, Inc. (UNFI) expects brands to start offering more deals and discounts, which the company sees as a necessary step to bring consumers back into the fold. Get the Full Story Complete the form to unlock this article and...