Retail industry
Hasbro beats second-quarter estimates, goes ‘all in’ on digital gaming segment
Hasbro board games are seen for sale at a Target store on December 12, 2023 in Austin, Texas. Brandon Bell | Getty Images Toy company Hasbro beat Wall Street expectations for the second-quarter on Thursday, thanks in part to growth in its digital gaming segment. Shares of the company jumped more than 4% in early […]
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Keurig Dr Pepper earnings meet estimates as higher prices fuel U.S. soda sales
In this photo illustration, cans of Dr Pepper soda are displayed on June 03, 2024 in San Anselmo, California. Justin Sullivan | Getty Images Keurig Dr Pepper reported quarterly earnings and revenue that met analysts’ expectations on Thursday as higher prices fueled its U.S. soda sales. Shares of the company rose 2% in premarket trading. Here’s what the […]
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Britain will soon lay out new plans to regulate ‘buy now, pay later’ firms like Klarna after delays
Buy now, pay later firms like Klarna and Block’s Afterpay could be about to face tougher rules in the U.K. Nikolas Kokovlis | Nurphoto | Getty Images Britain’s new Labour government will soon set out updated plans to regulate the “buy now, pay later” industry, a government spokesperson told CNBC. A Treasury department spokesperson said […]
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Chipotle shares pop more than 10% as earnings and revenue top estimates, restaurant traffic rises again
A Chipotle restaurant in New York on July 3, 2023. Jeenah Moon | Bloomberg | Getty Images Chipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations as it saw higher traffic at its restaurants, bucking an industry slowdown. Shares of the company rose more than 10% in extended trading. Here’s […]
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UPS shares slide on earnings miss, guidance cut
A person walks into a UPS (United Parcel Service) customer center on April 1, 2024 in Los Angeles, California. Mario Tama | Getty Images United Parcel Service on Tuesday reported profit and revenue for the second quarter that came in below expectations and cut its 2024 revenue guidance. The company’s shares were down 9% in […]
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Coca-Cola tops earnings estimates, hikes full-year outlook as global demand rises
Coca-Cola beverages are offered for sale in Chicago on April 30, 2024. Scott Olson | Getty Images Coca-Cola on Tuesday raised its full-year outlook as global demand for its drinks rose in the second quarter. For 2024, Coke now expects organic revenue growth of 9% to 10%, up from its prior forecast of 8% to […]
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Inside Best Buy’s push to get back to sales growth, cash in on AI craze
Microsoft PCs on display at a Best Buy store in Secaucus, N.J. Melissa Repko | CNBC Best Buy on Tuesday announced new plans to try to reverse a two-year sales slump and cash in on a much-awaited replacement cycle of pandemic-era purchases and a fresh wave of innovation. The consumer electronics retailer said it would […]
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Buyout firm L Catterton approaches Mattel with acquisition offer, Reuters sources say
The logo of US toy company Mattel is seen at the 72nd toy fair (Spielwarenmesse) in Nuremberg, southern Germany, on February 2, 2023. Christof Stache | AFP | Getty Images L Catterton, the private equity firm backed by luxury goods giant LVMH, has approached Mattel, the toy maker behind Barbie and Hot Wheels, with an […]
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Retail crime ‘queenpin’ faces five years in prison, millions in restitution
Michelle Mack is taken into custody, Dec. 6, 2023. CNBC The ringleader of a nationwide organized retail crime operation that targeted Ulta Beauty and other major retailers is facing more than five years in a California state prison. Michelle Mack, of Bonsall, California, received a delayed sentence of five years and four months, which be […]
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Willow Bay, Bob Iger to take controlling stake in NWSL’s Angel City FC at a $250 million valuation
Bob Iger, chief executive officer of The Walt Disney Co., and his wife attend Willow Bay the Allen & Company Sun Valley Conference on July 11, 2024 in Sun Valley, Idaho. Kevork Djansezian | Getty Images Willow Bay and Bob Iger will take a controlling stake in Angel City Football Club, the world’s most valuable […]
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