turnaround

Big Drop in Power Profit Tempers GE’s Q1 Beat
Financial Performance

Big Drop in Power Profit Tempers GE’s Q1 Beat

"Until you get power fixed, and they're nowhere close to getting that fixed, the stock only goes so far," one analyst says.
By Matthew Heller | April 23, 2018
Read More
GoPro Switches to Turnaround Mode
Staffing

GoPro Switches to Turnaround Mode

Soft demand during the holiday quarter forces the action-camera maker to slash 20% of its workforce and exit the drone market.
By Vincent Ryan | January 8, 2018
Read More
Hertz Returns to Profit But Shares Drop 2%
Financial Performance

Hertz Returns to Profit But Shares Drop 2%

The company says its third-quarter results show it is on "the right strategic path" with a turnaround plan that has included cutting its rental fleet.
By Matthew Heller | November 10, 2017
Read More
Cost-Cutting Narrows Sears’ Loss to $251M
Financial Performance

Cost-Cutting Narrows Sears’ Loss to $251M

The retailer's Q2 results were "a little bit heartening, but still left some open areas of worry," including another double-digit comp sales decline.
By Matthew Heller | August 25, 2017
Read More
Target’s Comp Sales Rise 1.3%, Beat Estimates
Strategy

Target’s Comp Sales Rise 1.3%, Beat Estimates

“For a little while, [Target] seemed to have lost its way but now appears to be getting back into that 'Tar-jay' mode."
By Matthew Heller | August 16, 2017
Read More
Q2 Earnings Send JC Penney Stock to New Low
Financial Performance

Q2 Earnings Send JC Penney Stock to New Low

The retailer's loss widens to $62 million but CEO Marvin Ellison sees the 1.5% increase in sales and the improved performance of apparel as positive signs.
By Matthew Heller | August 11, 2017
Read More
Cargill Posts Strongest Quarter in Seven Years
Strategy

Cargill Posts Strongest Quarter in Seven Years

Profit increased 50% in the third quarter, suggesting management and portfolio changes under way at the agribusiness giant "are beginning to yield results."
By Matthew Heller | March 30, 2017
Read More
Gap Shares Rise 4% on Turnaround Optimism
Financial Performance

Gap Shares Rise 4% on Turnaround Optimism

The retailer says its second-quarter results show "underlying signs of progress," including improved merchandise margins.
By Matthew Heller | August 19, 2016
Read More
CIT Unveils ‘Middle-Market Bank’ Strategy
Turnarounds

CIT Unveils ‘Middle-Market Bank’ Strategy

The parent of CIT Bank will part with its commercial-air unit as it pivots toward its core commercial lending and leasing businesses.
By Katie Kuehner-Hebert | March 24, 2016
Read More
Store Sales Data Spark Sears Stock Slide
Strategy

Store Sales Data Spark Sears Stock Slide

Sales at U.S. stores open at least a year fell 10.6% in the second quarter to date as Sears tries to execute its turnaround strategy.
By Matthew Heller | August 3, 2015
Read More
YRC Keeps on Truckin’
Strategy

YRC Keeps on Truckin’

CFO chronicles YRC Worldwide's descent into and return from the financial depths.
By David McCann | February 10, 2015
Read More
Previous