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CFOs On the Move: Week Ending August 12
Axon, Sonos, New Relic, Revlon, Luckin Coffee, HYCU, Skillshare, Brinks, Performance Food Group, Jane, Kirkland’s
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Lauren Muskett
| August 12, 2022
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The Economy
U.S. GDP Revised Down to 2.2%
A weaker inventory buildup than first estimated could bode well for second-quarter gross domestic product numbers.
By
William Sprouse
| May 30, 2018
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Financial Performance
Sales Rebound Drives JC Penney Stock up 14%
Penney's surprising 1.7% gain in same-store sales indicates its "strategy of purging excess inventory and closing underperforming stores" is paying off.
By
Matthew Heller
| November 10, 2017
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Financial Performance
JC Penney Stock Dives 14% on Q3 Loss Warning
The struggling retailer now projects a loss of between 40 cents to 45 cents a share due to clearance of apparel inventory.
By
Matthew Heller
| October 27, 2017
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Financial Performance
Lower Inventory Boosts Ralph Lauren Profit
The company has been he company has been keeping a "razor-like focus" on its inventory amid sluggish sales and online competition.
By
Matthew Heller
| August 9, 2017
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Global Business
GM Profit Drops 42% But EPS Beats Estimates
“Strong results in North America and China, solid improvement in South America and continued growth of GM Financial drove another strong quarter."
By
Matthew Heller
| July 27, 2017
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Working Capital
FASB Eyes Big Changes in Inventory Disclosure
Companies would have to disclose the makeup of their inventory and the reasons for unusual changes in it.
By
David Katz
| February 15, 2017
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Working Capital
How to Gauge M&A Supply Chain Uncertainties
There's a gap that many acquirers are starting to pay more attention to: the supply chain uncertainty created when companies combine.
By
Kai Trepte
| January 13, 2017
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Strategy
New Store Openings Boost Autozone’s Profit
The auto parts retailer's earnings per share rose 12.2% in Q4, its 40th straight quarter of double digit growth.
By
Matthew Heller
| September 22, 2016
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Working Capital
Survey Finds Cash Flow Management Lacking
Executives at manufacturers and distributors believe optimizing working capital is important but less than half have implemented a plan to manage cash flow.
By
Matthew Heller
| August 23, 2016
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Strategy
Boeing Takes Steps to Improve Cash Flow
The aerospace giant is taking longer to pay its supplier bills after depleting its cash pile to buy back shares.
By
Matthew Heller
| July 7, 2016
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Working Capital
Ralph Lauren to Cut 1,000 Jobs, Book $400M in Charges
The high-end retailer is closing 50 stores, and expects its fiscal 2017 restructuring activities to generate $220 million of annualized expense savings.
By
Katie Kuehner-Hebert
| June 7, 2016
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Supply Chain
Focus on Cash, Not Costs, in the Supply Chain
Free up cash flow by cutting excess days of supply and optimizing supplier relationships.
By
Nader Mikhail
| May 12, 2016
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Supply Chain
Ex-Logitech CFO Accused of Accounting Fraud
The executive and a former Logitech controller are accused of inflating the company's operating income in fiscal 2011.
By
Matthew Heller
| April 19, 2016
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The Economy
U.S. Wholesale Stocks Climb 0.3% in January
The unexpected increase suggests "plenty of inventory pain remains in the pipeline," with inventory growth continuing to outstrip sales growth.
By
Matthew Heller
| March 9, 2016
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Supply Chain
Festive Splurges: Bank Run
It’s the most cashed-up time of the year.
By
Economist Staff
| December 22, 2015
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