Beyond the trading activities – still among the mainstays of operations – Goldman Sachs reported June quarter earnings that showed a continued uptake in consumer banking (including its Marcus business). High-level numbers beat the consensus, as earnings of $15.02 a share were leagues better than the...
J.P. Morgan Chase posted second-quarter results that showed continued gains in credit and debit card spending, at a time when consumers paid down card debt and mobile banking use also grew. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Darden Restaurants’ sales are on the rise, though not quickly enough for some. The company, which owns Olive Garden and Longhorn Steakhouse, as well as a handful of other full-service restaurant brands (both casual and fine dining) reported Thursday (June 24) that its same-restaurant sales...
London FinTech Revolut posted increased revenues and gross profits for year-end 2020, but also incurred higher operating losses last year as the COVID-19 pandemic took hold worldwide, the company said in a press release on Monday (June 21). Get the Full Story Complete the form...
Food wholesale giant United Natural Foods, Inc. (UNFI) is going digital. Though the company may have seen year-over-year sales declines in the third quarter, UNFI continued to gain in eCommerce. In particular, the company’s new Community Marketplace platform, which launched in April, is gaining steam....
UPS said it would prioritize some packages over others as it issued financial targets and “green” plans Wednesday (June 9). Executives said the delivery company planned to capture more business from healthcare and small and medium-sized businesses (SMBs). Get the Full Story Complete the form...
While packaged food brands across categories are reporting a difficult year-over-year comparison, with sales falling below pandemic-driven panic buying highs, Campbell Soup Company has been especially hard hit. The company’s third-quarter earnings on Wednesday (June 9) came in below consensus estimates, sending stock for a...
Decreased pandemic-era pantry-stocking and rising raw material and transportation costs are expected to see food giant J.M. Smucker’s sales slip 2 to 3 percent this year, the company told investors Thursday (June 3), noting that slower uptake of the back-to-work trend has helped its coffee...
Another strong earnings report out of Airbnb for the first quarter of 2021 as the vaccine rolls out and consumers nationwide gear up to get back out there again, spurring what CEO Brian Chesky forecast to investors would be a heretofore unprecedented recovery for the...
