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Budweiser brewer hit by coronavirus pandemic, but sees bright spots in US, China

A coronavirus-fueled shutdown of bars, nightclubs and other drinking venues around the world hammered sales for Anheuser-Busch InBev SA in the first quarter......»»

Category: topSource: foxnewsMay 7th, 2020

Global luxury gloom to deepen despite easing lockdowns: Bain

Global sales of luxury goods are expected to slump by 50% to 60% in the second quarter even as some countries begin to ease coronavirus lockdowns and despite signs of recovery in the Chinese market, consultancy Bain said on Thursday......»»

Category: topSource: reutersMay 7th, 2020

Britain"s Superdry sales plunge 37% as stores shuttered

British fashion retailer Superdry said on Thursday its revenue plunged 37% in its latest quarter, reflecting the closure of its stores across the world due to the novel coronavirus......»»

Category: topSource: reutersMay 7th, 2020

Peloton sees strong sales during coronavirus, subscriber growth despite mixed 3Q earnings report

Peloton sales have surged 66 percent in the fiscal third quarter as the coronavirus pandemic led to an increase in home workouts......»»

Category: topSource: foxnewsMay 6th, 2020

Carvana misses Wall Street Q1 estimates, puts brakes on expansion

Amid market uncertainties due to the spread of the coronavirus, the online auto retailer is preparing to hunker down despite strong used car sales during the first quarter......»»

Category: topSource: bizjournalsMay 6th, 2020

Gun maker Sturm Ruger details increased demand for firearms as COVID-19 spread in U.S.

Gun manufacturer Sturm Ruger & Co. Inc. shares rose 4.7% in extended trading Wednesday after the company reported a spike in distributor sales to retailers amid increased demand for guns in the first quarter, as the coronavirus spread across the world......»»

Category: topSource: marketwatchMay 6th, 2020

Deep Dive: These 10 S&P 500 companies increased sales faster than Amazon in a coronavirus-tainted quarter

Big winners included Vertex, Netflix, AMD and five exchange operators......»»

Category: topSource: marketwatchMay 6th, 2020

Papa John"s swings to first-quarter profit; revenue misses expectations

Papa John's reported a first-quarter profit, but revenue missed analysts' expectations despite sales growth amid coronavirus pandemic......»»

Category: topSource: foxnewsMay 6th, 2020

Wendy"s profit down 50% in coronavirus pandemic

The restaurant chain reported flat quarterly U.S. same-store sales for the first quarter ended March 31, as strong demand for its latest breakfast menu offset limited earnings from delivery and take aways......»»

Category: topSource: foxnewsMay 6th, 2020

KKR"s first-quarter profit rises 11% on stronger asset sales

Private equity firm KKR & Co Inc reported an 11% jump in after-tax distributable earnings in the first quarter on Wednesday, driven by growth in asset sales and management fees ahead of the coronavirus-linked market turmoil......»»

Category: topSource: reutersMay 6th, 2020

CVS Health profit spikes as coronavirus drives sales surge

CVS Health's first-quarter profit spiked 41 percent year-over-year to $2.01 billion......»»

Category: topSource: foxnewsMay 6th, 2020

Stifel Downgrades Wayfair After Q1 Print, Says Coronavirus Sales Surge Will Dissipate

Online furniture company Wayfair Inc (NYSE: W) disclosed 90% revenue in the second quarter, but investors shouldn't expect this "unprecedented" surge in sales to last forever.....»»

Category: blogSource: benzingaMay 6th, 2020

Mattel looks to Christmas for recovery as sales warning hits shares

Mattel Inc will have a new line of "Baby Yoda" toys ready to hit shelves in time for Christmas, the company said on Tuesday, even as it predicted a steep drop in second-quarter sales due to the coronavirus lockdowns......»»

Category: topSource: reutersMay 5th, 2020

Disney earnings plummet more than 90% as coronavirus wipes out more than $1 billion

Walt Disney Co. profit dove more than 90% in the second quarter, an example of the drastic effects on the company from the COVID-19 pandemic, which executives said cost the media giant more than $1 billion in sales just in its theme-parks division......»»

Category: topSource: marketwatchMay 5th, 2020

NewsWatch: Disney earnings plummet more than 90% as coronavirus wipes out more than $1 billion

Walt Disney Co. profit dove more than 90% in the second quarter, an example of the drastic effects on the company from the COVID-19 pandemic, which executives said cost the media giant more than $1 billion in sales just in its theme-parks division......»»

Category: topSource: marketwatchMay 5th, 2020

DuPont first-quarter sales fall in coronavirus, despite PPE demand

DuPont de Nemours Inc. posted lower sales and swung to a loss for the first quarter as the Covid-19 pandemic led to higher demand for personal protective equipment but also disrupted supply chains......»»

Category: topSource: foxnewsMay 5th, 2020

Hugo Boss expects 50% sales drop next quarter as crisis impact worsens

Hugo Boss is seeing signs of a sales rebound in China and online, but expects the impact of the coronavirus crisis to worsen before any recovery kicks in after first quarter sales fell by 17%, which knocked its shares......»»

Category: topSource: reutersMay 5th, 2020

EssilorLuxottica sales slump on coronavirus hit, worst yet to come

Oakley and Ray-Ban maker EssilorLuxottica reported a slump in first-quarter sales on Tuesday and warned of an even bigger hit in the current quarter as the coronavirus outbreak prompted store closures......»»

Category: topSource: reutersMay 5th, 2020

EssilorLuxottica first-quarter sales slump on coronavirus hit, worst yet to come

Oakley and Ray-Ban maker EssilorLuxottica reported a slump in first-quarter sales on Tuesday and warned of an even bigger hit in the current quarter as the coronavirus outbreak prompted store closures......»»

Category: topSource: reutersMay 5th, 2020

Global chip sales for quarter don"t capture full effect of coronavirus buying: SIA

Global chip sales decreased sequentially in the first quarter of 2020, suggesting that the full impact of sales pr.....»»

Category: topSource: marketwatchMay 4th, 2020