turnaround Archives - CFO

Strong Cash Flow Boosts GE Turnaround Hopes

Financial Performance

Strong Cash Flow Boosts GE Turnaround Hopes

“As 2020 progressed, we significantly improved GE's profitability and cash performance despite a still-difficult macro environment."

By Matthew Heller | January 26, 2021

AIG to Spin Off Life & Retirement Business

AIG to Spin Off Life & Retirement Business

The move would “would be the latest dramatic change at a company” that was once "a financial-services behemoth

By Matthew Heller | October 27, 2020

Men’s Wearhouse Owner Files for Bankruptcy

Credit & Capital

Men’s Wearhouse Owner Files for Bankruptcy

Tailored Brands is the latest of more than 20 private and public retailers to have declared bankruptcy this year.

By Matthew Heller | August 3, 2020

Harley-Davidson U.S. Sales Plunge 27% in Q2

Harley-Davidson U.S. Sales Plunge 27% in Q2

"A total rewire is necessary to make Harley-Davidson a high-performance company,” CEO Jochen Zeitz says after Harley also reported a surprise loss.

By Matthew Heller | July 28, 2020

JCPenney Files Chapter 11 Despite Turnaround Gains

Credit & Capital

JCPenney Files Chapter 11 Despite Turnaround Gains

The iconic retailer says the progress it had been making after years of declining sales "was wiped out with the onset of COVID-19."

By Matthew Heller | May 18, 2020

GE Shares Surge 10% on Strong Q4 Cash Flow

Financial Performance

GE Shares Surge 10% on Strong Q4 Cash Flow

"GE’s restructuring remains very much a work-in-progress, with some signs that [CEO Larry] Culp’s turnaround is taking hold."

By Matthew Heller | January 29, 2020

Bar Louie Files Chapter 11 to Pursue Asset Sale

Credit & Capital

Bar Louie Files Chapter 11 to Pursue Asset Sale

The company has also closed 38 locations as it struggles with declining mall traffic and a shift away from casual dining.

By Matthew Heller | January 28, 2020

P&G Sales Rise 4.6%, Price Hikes Boost Profit

P&G Sales Rise 4.6%, Price Hikes Boost Profit

CFO Jon Moeller says the second-quarter results show P&G's turnaround plan is working despite weak sales of baby and feminine care products.

By Matthew Heller | January 23, 2020

Snap Stock Rally Continues on Strong Q2 Results

Financial Performance

Snap Stock Rally Continues on Strong Q2 Results

“At this point, we must acknowledge the turnaround in [the Snapchat maker's] underlying operating trends," one analyst says.

By Matthew Heller | July 24, 2019

Pier 1 Imports Hires Turnaround Expert as CFO

Pier 1 Imports Hires Turnaround Expert as CFO

Deborah Rieger-Paganis says she is "committed to instilling financial discipline across the organization as we work to drive a successful turnaround."

By Matthew Heller | April 18, 2019

J.Crew CEO Exits After 16 Months on Job

J.Crew CEO Exits After 16 Months on Job

James Brett reportedly clashed with J.Crew Chairman Mickey Drexler over his strategy for turning around the ailing retailer.

By Matthew Heller | November 19, 2018

Avon Turnaround Proceeding Slowly

Avon Turnaround Proceeding Slowly

The cosmetics company posted breakeven earnings per share and sales fell year-over-year.

By William Sprouse | November 1, 2018

GE Posts $22B Loss as Legal Problems Mount

GE Posts $22B Loss as Legal Problems Mount

The company's new CEO says an overhaul of the struggling power business is among his immediate priorities.

By Matthew Heller | October 30, 2018

Wells Misses Estimates With Broad Weakness

Financial Performance

Wells Misses Estimates With Broad Weakness

Bank executives point to progress in cost-cutting initiatives as evidence that Wells Fargo's turnaround effort is on track.

By Matthew Heller | July 13, 2018

Avon Stock Dives on ‘Unsatisfactory’ Results

Financial Performance

Avon Stock Dives on ‘Unsatisfactory’ Results

The beauty company's new CEO says it is implementing "near-term fixes" and "moving with deliberate urgency to design our turnaround plan."

By Matthew Heller | May 3, 2018