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.
Ex-Amazon Employee Accused of Insider Trading
The manager in Amazon's tax department allegedly made illegal trades with two family members ahead of the company's earnings announcements.
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.
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."
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."
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.
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."
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.
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."
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.
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."