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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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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.....»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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.....»»