Financial Performance

Financial Performance

Netflix Reports Mixed Q3 Earnings, Slower User Growth

Revenue was higher by 22.7% year-over-year as the company recorded 2.2 million paid net subscribers versus 6.8 million net additions a year ago.

Source: Benzinga
October 20, 2020
Financial Performance

Costco Posts 11.4% Same-Store Sales Increase

The big-box retailer continued to benefit from shoppers stocking up on everything from food to patio furniture.
Financial Performance

General Mills Sales Rise on At-Home Food Demand

The cereal maker's Q1 results were "highlighted by broad-based market share gains amid elevated at-home food demand due to the COVID-19 pandemic."
Financial Performance

Digital Sales Surge Fuels Nike Earnings Beat

“We know that digital is the new normal. The consumer today is digitally grounded and simply will not revert back."
Financial Performance

Macy’s Shares Higher on Better-Than-Expected Q2

Digital sales increased 53% year-over-year, which helped offset the loss of sales at stores due to coronavirus closures.
The Cloud

Zoom Revenue Soars on Remote Work Boom

“Organizations are shifting ... to supporting a future of working anywhere, learning anywhere, and connecting anywhere on Zoom's video-first platform."
Human Resources

Remote Workers, Learners Power Dell Sales

Dell's computer sales benefited in the second quarter from strong demand in the government sector and in education.
Financial Performance

Michaels’ Sales Jump 11% on E-Commerce Push

The crafts retailer has enhanced and expanded omnichannel capabilities including curbside pick-up, same-day delivery, ship from store, and in-app purchases.
Financial Performance

Gap Blunts Covid Impact With E-Commerce Surge

"We nearly doubled our e-commerce business, with approximately 50% online penetration, demonstrating our ability to pivot to a digitally-led culture."
Financial Performance

Coty Misses Estimates as Sales Plunge 62%

“The coronavirus-induced closure of stores and parlors hammered demand for [Coty’s] beauty products” in the fourth quarter.
Financial Performance

E-Commerce Powers Best Buy Sales Gain

“Products that help people work, learn, connect and cook at home, like computing, appliances and tablets, were the largest drivers of our sales growth."
Financial Performance

Walmart Online Sales Grow Record 97% in Q2

The surge in e-commerce reflects shifting shopping habits amid the coronavirus pandemic and helped power a 9.3% gain in Walmart's same-store sales.
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