Earnings

Earnings are the net benefits of a corporation's operation. Earnings is also the amount on which corporate tax is due.

FedEx: Deteriorating Economy Drove 11% Drop in Package, Freight Volume

FedEx: Deteriorating Economy Drove 11% Drop in Package, Freight Volume
FedEx: Deteriorating Economy Drove 11% Drop in Package, Freight Volume
September 23, 2022  |  Earnings

FedEx is cutting costs and raising prices after a quarter in which its global package and freight volume dropped 11% year over year, the company...

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Costco Earnings Reflect New Competition as Consumers, Rival Retailers Trade Down
Costco Earnings Reflect New Competition as Consumers, Rival Retailers Trade Down
September 23, 2022  |  Retail

Since opening its first warehouse store in Seattle 40 years ago, Costco has never wavered from its mission “to continually provide our members with quality...

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Olive Garden Parent Keeps Delivery Off its Table
Olive Garden Parent Keeps Delivery Off its Table
September 22, 2022  |  Delivery

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Darden, General Mills Experience Two Versions of Food Inflation
Darden, General Mills Experience Two Versions of Food Inflation
September 21, 2022  |  Earnings

Call it a tale of two business models — of ways of grappling with food inflation and grappling with the challenges of protecting margins. Get...

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Stitch Fix Focuses on Stylists, Listening to Fix Falling User Numbers
Stitch Fix Focuses on Stylists, Listening to Fix Falling User Numbers
September 21, 2022  |  Retail

Faced with a drop in revenue and active users, personal styling site Stitch Fix plans to spend the new fiscal year fixing itself. Get the...

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AutoZone Sees ‘Lofty’ Commercial Sales Growth
AutoZone Sees ‘Lofty’ Commercial Sales Growth
September 19, 2022  |  Retail

AutoZone logged a 26% growth in its commercial business during the fiscal fourth quarter, the auto parts retailer reported Monday (Sept. 19). Get the Full...

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Inditex Says Optimized Shopping Experience Boosted Sales 25%
Inditex Says Optimized Shopping Experience Boosted Sales 25%
September 14, 2022  |  Retail

Zara-parent and fast fashion giant Inditex reported that its sales in the first half of 2022 were up about 25% year over year and attributed...

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Rent the Runway Links Rising Remote Work With Declining Apparel Subscriptions
Rent the Runway Links Rising Remote Work With Declining Apparel Subscriptions
September 13, 2022  |  Retail

Rent the Runway is reducing its corporate workforce by 24% as part of a restructuring plan after a quarter in which the fashion rental and...

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Electrolux Says Consumers and Retailers Are Scaling Back Appliance Orders
Electrolux Says Consumers and Retailers Are Scaling Back Appliance Orders
September 12, 2022  |  Retail

Facing weaker than expected consumer demand in Europe and North America, Swedish home appliance company Electrolux is cutting costs in both regions and launching a...

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