Airwallex, the international payments company, announced Tuesday (July 3) that it raised $80 million via a round of fundraising. 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...
Here come the clothing sales: H&M, burned by approximately $4 billion in excess inventory, will offer more clothing discounts for consumers in the third quarter of 2018, company executives have said. The news came as the fast-fashion chain posted a net profit of about $520...
Walgreens Boots Alliance Inc.’s latest earnings results came in above the Street on Thursday (June 28), boosted by the buyout of several Rite Aid stores. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
As Kroger cuts prices and tests out new ways to sell products with its Restock Kroger program, the grocer beat earnings estimates for the first quarter of 2018. Kroger reported earnings per share of $0.73 and revenues of $37.5 billion, compared to analysts’ estimates of...
Adobe’s stock fell as much as 5 percent on Thursday (June 14), even though the company reported better-than-expected earnings for the second quarter of its 2018 fiscal year, which ended on June 1. Get the Full Story Complete the form to unlock this article and...
With weeks to go before its “go private” deal, Verifone reported earnings Friday that showed mixed results. 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...
Ralph Lauren earnings report showed its North America revenue in the fourth quarter decreased 14 percent as the retailer continues to struggle in the region. However, the company topped analysts’ profit and sales forecasts for at least its eighth consecutive quarter. Get the Full Story...
Despite strong comp growth through its eCommerce website, Lowe’s posted lower-than-expected earnings following unseasonable weather in the first quarter. The home improvement retailer’s earnings per share stood at $1.19 with top-line revenues of $17.4 billion, compared to analysts’ estimates of $1.25 and $17.63 billion, respectively....
Walmart managed to mostly exceed analysts expectations when it released its latest earnings figures earlier today (May 17), news that sent its stock up 1.9 percent in premarket trading. In particular, the big-box retailer reported strength in sales, consumer spend, inventory reduction, eCommerce activity and...
