Earnings

A man in a surgical mask walks by the New York Stock Exchange (NYSE) after more cases of coronavirus were confirmed in New York City, New York, U.S., March 10, 2020. Andrew Kelly | Reuters Next week brings an end, mercifully, to the first half of 2020. That’s the good news. The bad news: Wall

An Olive Garden restaurant in Times Square in New York. Richard Levine | Corbis | Getty Images Darden Restaurants on Thursday reported that same-store sales were nearly cut in half during the fiscal fourth quarter as dining room closures from the coronavirus pandemic weighed on its revenue. But the Olive Garden parent expects its business to

Oracle CEO Safra Catz delivers a keynote address during the 2019 Oracle OpenWorld on September 17, 2019 in San Francisco, California. Oracle CEO Safra Catz kicked off day two of the 2019 Oracle OpenWorld with a keynote address. The annual convention runs through September 19. Justin Sullivan | Getty Images Oracle shares fell as much

A deliveryman is seen passing by a closed Taco Bell restaurant during the 45th day of state of alarm on April 28, 2020 in Barcelona, Spain. David Zorrakino | Europa Press News | Getty Images As the coronavirus pandemic upends consumers’ normal routines, Taco Bell is losing critical breakfast and late-night sales.   Parent company Yum Brands said Tuesday

A Starbucks employee wipes the protective screen as the coffe shop chain operates take away service in Battersea, south-west London on 21 May, 2020 in London, England. Wiktor Szymanowicz | NurPhoto | Getty Images Starbucks expects to swing to a loss in its fiscal third quarter as the company predicts it lost as much as $3.2

Macy’s at Valencia Town Center Mall opens for curbside pickup service during COVID-19 outbreak on May 21, 2020 in Santa Clarita, California. Robin L Marshall | Getty Images Macy’s shares soared Tuesday as the company released its preliminary financial results, saying it is regaining customers at reopened stores much quicker than it expected.  With the retailer’s stores

Katrina Lake, CEO of Stitch Fix Adam Jeffery | CNBC Stitch Fix on Monday reported a quarterly sales decline of 9%, and a wider-than-expected net loss, as its business took a hit from fewer people shopping for clothes during the coronavirus pandemic.  Chief Executive Katrina Lake said, however, the company expects to return to revenue growth

Broadcom Corp. signage is displayed outside of the company’s headquarters in Irvine, California. Patrick Fallon | Bloomberg | Getty Images Broadcom on Thursday forecast current-quarter revenue, the mid-point of which was slightly below Wall Street estimates as its chip business was weighed down by the impact of the coronavirus crisis on global supply chains. The

Gap Inc.‘s first-quarter sales fell 43%, the clothing maker reported Thursday, as its stores were shut for much of the period due to the coronavirus pandemic.  Chief Executive Sonia Syngal said in a statement that sales continued to decline into May, after the first quarter ended, but the retailer had online growth of more than

The Slack Technologies Inc. logo is seen behind the “Fearless Girl” statue outside the New York Stock Exchange (NYSE) during the company’s IPO in New York, U.S. June 20, 2019. Brendan McDermid | Reuters Slack shares fell as much as 17% in extended trading on Thursday after the company reported first quarter earnings. Slack reported

Stewart Butterfield speaks on November 08, 2019 in San Francisco, California. Phillip Faraone | Getty Images Shares of Slack continued to drop double digits Friday, as investors remained disappointed that the company reported steady revenue growth rather than blowout numbers. Earnings also showed that Slack doesn’t have the massive revenue growth that Zoom does. The

Billionaire businessman Barry Diller joined CNBC’s “Squawk Box” on Friday.  Diller, chairman of Expedia Group and digital media group IAC, told Squawk Box in April that the U.S. government needed to bail out every company hit hard by the coronavirus pandemic and “we’ll worry about paying the bills later.”  Expedia Group’s brands include Expedia, Hotels.com, and Trivago, while IAC’s brands include

Matthew Mitchell, center, talks with customers as Sierra Phillips adjusts a denim display at the American Eagle/Aerie store at Easton Town Center in Columbus, Ohio on May 15, 2020. Andrew Spear | The Washington Post | Getty Images American Eagle Outfitters posted a steeper-than-expected loss on Wednesday, as sales and store traffic plummeted following coronavirus-led

Cans of Campbell’s Chicken Noodle Soup are seen in a supermarket in New York. Richard Levine | Corbis News | Getty Images Campbell Soup raised its full-year profit and sales forecast on Wednesday after beating expectations for third-quarter results as consumers stocked up on soup, pasta sauces and salsa while they stayed at home during

Zoom reported revenue growth of 169% from the previous year in its first-quarter earnings report on Tuesday, and nearly doubled its revenue guidance for the full year, as the coronavirus pandemic drove millions of new customers to the video calling service and turned it into a household name. Shares fell 4% in after-hours trading during the

Merchandise is displayed for sale at a Dick’s Sporting Goods Inc. store in West Nyack, New York. Craig Warga | Bloomberg | Getty Images Dick’s Sporting Goods on Tuesday reported a decline in same-store sales of almost 30% for the first quarter, when stores across the country were shut during the coronavirus crisis.  The retailer

Eddie Noralus works on a Toll Brothers home on August 21, 2018 in Boca Raton, Florida. Joe Raedle | Getty Images U.S. luxury homebuilder Toll Brothers on Wednesday withdrew its full-year forecast and warned it would not provide such guidance for the foreseeable future due to uncertainty caused by the Covid-19 pandemic. The company’s net

Box forecast annual revenue above analysts’ estimates and beat targets for quarterly sales on Wednesday, as demand rises for its online collaboration tools due to the global shift to work from home caused by the Covid-19 pandemic. Box is the latest to signal the lift from firms increasingly using video conferencing and other remote work

Pedestrians are reflected in the window of an Abercrombie & Fitch store in New York. Craig Warga | Bloomberg | Getty Images Abercrombie & Fitch‘s sales tanked 34% during the first quarter, the company announced Thursday, as its stores were forced shut during the coronavirus pandemic, and people purchased less apparel as they were holed

The chicken in Popeye’s sandwich crunches audibly when you bite in, with all those nooks and crannies on the surface shattering into a thousand delicious pieces. Nick Kindelsperger | Tribune News Service | Getty Images Even in the midst of a global pandemic, consumers still want Popeyes Louisiana Kitchen’s chicken sandwich. The chain’s parent company Restaurant