Tag Archives: Earnings

Coca-Cola beats on earnings, says demand in March hit pre-pandemic levels

Coca-Cola on Monday reported that quarterly demand was unchanged from a year earlier as North America and Western Europe take longer to bounce back from the coronavirus pandemic. However, global unit case volume in March returned to 2019 levels. “We are encouraged by improvements in our business, especially in markets where vaccine availability is increasing […]

Big bank stocks are ‘dirt cheap’ after posting earnings, Jim Cramer says

Big bank earnings are out and the results were positive enough to quell one concern about their valuations, CNBC’s Jim Cramer said Thursday. The stocks of large financial institutions like JPMorgan Chase and Wells Fargo have surged from last summer, far outgaining the market. Cramer, himself an alum of Goldman Sachs‘ investment shop, said their […]

Delta posts nearly $1.2 billion quarterly loss, expects to break even in June as bookings improve

A Delta Airlines Boeing 757-251 approaches Washington Ronald Reagan National Airport (DCA) in Arlington, Virginia on February 24, 2021. Daniel Slim | AFP | Getty Images Delta Air Lines on Thursday reported another quarterly loss but said it will likely break even in June as travel demand rebounds from a deep pandemic slump. Delta and […]

March retail sales are expected to have surged as consumers spent $1,400 checks

A shopper wearing a protective mask checks out at a Costco store in San Francisco, California, on Wednesday, March 3, 2021. David Paul Morris | Bloomberg | Getty Images March retail sales are expected to be strong, and some economists say stimulus checks may have quickly made their way into the economy, contributing to an […]

Bed Bath & Beyond quarterly sales tumble 16%, as store closures and divestitures hurt results

Source: Bed Bath & Beyond Bed Bath & Beyond on Wednesday reported a double-digit decline in fiscal fourth-quarter sales, as ongoing store closures and divestments that are part of a bigger turnaround plan continue to weigh on results. Its shares were falling around 2% in premarket trading. The big-box retailer reaffirmed a prior sales outlook […]

Cannabis company Aphria looks to add consumer products brands as it waits for U.S. pot legalization

Irwin Simon, the CEO of Canadian cannabis company Aphria, is looking for additional opportunities to acquire brands in the consumer products space, hoping to grow beyond cannabis. “There’s many opportunities in the U.S. right now with food and drink and other consumer products, and I know about how to build consumer brands and parlay that […]

Skinny jeans are out and wide-leg denim is in vogue. The world is in a new denim cycle, Levi’s CEO says

Bye-bye skinny jeans, hello “mom jeans.” The world might finally be entering into the early stages of a new denim cycle. One where tight-fitting pants are suddenly out of style, and instead shoppers young and old are flocking to loose-hanging, wide-leg and flared jeans, according to the CEO of Levi’s. It harkens back to a […]

Levi’s shares rise as denim retailer boosts outlook for first half of 2021

An employee holds a shopping bag while ringing up a customer at the Levi Strauss & Co. flagship store in San Francisco, March 18, 2019. David Paul Morris | Bloomberg | Getty Images Levi Strauss & Co. on Thursday reported a double-digit sales decline for its fiscal first quarter, as ongoing store closures in Europe […]

Lululemon’s sales, earnings beat as digital business accelerates

Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Lululemon on Tuesday reported revenue and profit for the holiday quarter that topped analysts’ estimates, boosted by the athletic apparel maker’s online business, and double-digit sales growth in both […]