As a result of the COVID-19 health crisis, Starbucks anticipates a loss of for its fiscal third quarter as it forecasts a loss in revenue of up to $3.2 billion, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy...
Slack, the San Francisco-based workplace messaging app, saw its revenues surge in the first quarter as working from home became the new reality amid the COVID-19 pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
eBay has raised its second quarter (Q2) earnings outlook on better-than-expected results during the COVID-19 pandemic. 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...
Intuit, the maker of financial software TurboTax, QuickBooks and Mint, is posting an 8 percent decline in revenue, pointing in a statement to the worldwide coronavirus pandemic as being the cause. The quarter ended April 30. Get the Full Story Complete the form to unlock...
Alibaba Group Holding Co. reported results on Friday (May 22) that showed continued pivots to online commerce and mobile shopping, amid lockdowns that have shuttered brick-and-mortar retailers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Target reported on Wednesday (May 20) that it had a very busy first quarter as consumers flocked to its website to stock up in preparation for the pandemic. But like Walmart, which reported strong numbers on Tuesday, Target also paid a high price for its...
As it leaned into its digital businesses with its stores closed amid the pandemic, Kohl’s Corporation saw its digital sales rise 24 percent for the quarter and accelerate to 60 percent in April. CEO Michelle Gass said in a Tuesday (May 19) first-quarter earnings call with...
When the going gets tough, the tough go to Walmart. That’s one of the main takeaways to come out of Walmart’s first-quarter earnings release Tuesday (May 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
China’s multinational conglomerate Tencent beat earnings forecasts in the first quarter of 2020 with total net revenues of $15.2 billion, up 26 percent from the same period of 2019, according to a press release. Get the Full Story Complete the form to unlock this article...
