British FinTech Revolut expects its revenue to reach $2 billion this year after rising to $1.1 billion in 2022. Last year’s revenue was up 45% from the $786 million the company recorded in 2021, Revolut said in a Friday (Dec. 22) press release announcing data...
Nike has taken its game to the next level in the women’s market, boasting a reported business of around $9 billion — excluding Jordan and Converse. “Our women’s business has grown high single digits on average over the past three years,” Nike President and CEO...
As consumers increasingly turn to digital channels to feed their fur babies, General Mills is seeing in-store pet food sales take a dip, even as eCommerce continues to grow in the category. The food giant shared in prepared remarks accompanying its second-quarter fiscal 2024 earnings...
When it comes to consumers and their buying habits, Costco said its deals are drawing bargain-hunting customers to its aisles. “We’re looking at the consumer through somewhat rose-colored glasses,” said Richard Galanti, CFO at Costco, during the retailer’s latest quarterly earnings call on Thursday (Dec....
Oracle’s shares fell about 8% in extended trading Monday (Dec. 11) after the firm reported disappointing sales growth in its cloud computing business. The company’s announcement raised concerns among investors about its ability to keep up in the highly competitive cloud computing market, Bloomberg reported Monday (Dec....
If you’re not hearing an echo this quarter in the world of retail, you might not be tuned in. The key theme this quarter has been providing customer value, and that’s the sentiment Dollar General echoed through the entirety of its latest earnings report. “We...
Ride-hailing giant Uber recorded a 5% increase in its shares Monday (Dec. 4), following the news that it was chosen to join the S&P 500. The announcement from S&P Dow Jones Indices sparked a flurry of purchases, CNBC reported Monday. Although Uber will only join...
Starbucks’ sales have taken a hit as the coffee giant struggles with strikes. Amid this dip in sales, its stock has suffered a record run of losses, resulting in a 10% market value decline of nearly $12 billion, Bloomberg reported Monday (Dec. 4). In particular,...
As restaurants turn to technology to weather the economic storm, Cracker Barrel has finally gotten into rewards and is now counting on its new loyalty program to drive traffic down the line. In its first quarter fiscal 2024 financial results, released Thursday (Nov. 30), Cracker...