Earnings

Earnings
Best Buy Lowers Sales Outlook as Black Friday Looms
November 21, 2023

Best Buy says cooling consumer demand for appliances helped drive down third-quarter sales. 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...

Earnings
Ross Stores CEO Says Off-Price Sector Remains Resilient
November 16, 2023

Positive customer response to value and convenience contributed to third-quarter results that outperformed expectations at Ross Stores.  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...

Earnings
Alibaba Jettisons Cloud Spin-Off Amid Focus on AI
November 16, 2023

Chinese tech giant Alibaba says it will not spin off its cloud intelligence business. 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...

Earnings
Target Says ‘Tis the Season for Financial Stress
November 15, 2023

Consumers continue to face economic challenges, even as inflation takes a dip, and the punchline continues to show up in retail receipts. In reporting its third-quarter earnings on Wednesday (Nov. 15), Target said consumers are experiencing financial strain, prompting the retailer to adopt a cautious...

Earnings
DraftKings Expects Online Gaming to Reach $30 Billion by 2028 
November 14, 2023

Online sports betting and iGaming in the United States will be a $30 billion total addressable market (TAM) in 2028, up from $20 billion this year, according to DraftKings.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Earnings
Earnings Season Shows No Straight Path for Online Car Platform Profitability
November 14, 2023

For the online car platforms that have promised to bring kicking the tires firmly into the digital age, profitability has been volatile, sometimes elusive.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Earnings
Home Depot: DIYers Hammer Away at Pocket-Friendly Projects
November 14, 2023

Sticking to the same DIY rhythm as the previous quarter, Home Depot continues to see consumers hammering away at small projects instead of diving into grand remodels that can drill a hole in their wallets. Get the Full Story Complete the form to unlock this...

Earnings
Paysafe Preps Digital Wallet for US Small Businesses
November 14, 2023

Paysafe plans to launch a digital wallet for small and medium-sized businesses (SMBs). 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...

Earnings
Home Depot Sees B2B Driving Growth ‘For Years and Years’
November 14, 2023

Pressures from a subdued housing market and dampened spending are impacting the home improvement industry. 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,...