Retail industry
Bath & Body Works CEO Andrew Meslow to step down due to health reasons
Pedestrians walk past a Bath & Body Works store. Craig Warga | Bloomberg | Getty Images Bath & Body Works Chief Executive Officer Andrew Meslow is resigning from his role due to health reasons, the retailer announced Thursday in a securities filing. Meslow will also be leaving his position as a member of Bath & […]
Read More
Yum Brands earnings miss estimates as China weighs on KFC, Pizza Hut sales
Vehicles wait in line at the drive through lane of a Yum! Brands Inc. Kentucky Fried Chicken (KFC) and Taco Bell restaurant in Lockport, Illinois, U.S. Daniel Acker | Bloomberg | Getty Images Yum Brands on Wednesday reported quarterly earnings and revenue that missed analysts’ expectations as lockdowns in China weighed on sales. Here’s what the company […]
Read More
CVS raises forecast for year, as first-quarter earnings top expectations
A CVS Pharmacy store is seen in the Manhattan borough of New York City, New York. Shannon Stapleton | Reuters CVS Health on Wednesday outpaced Wall Street’s expectations for first-quarter earnings and raised its guidance for the year, as it saw demand for at-home Covid tests, prescriptions and more. The health-care company said it now […]
Read More
Major companies keep largely silent as leaked Supreme Court abortion draft sparks outrage
Demonstrators hold up signs during a protest outside the U.S. Supreme Court, after the leak of a draft majority opinion written by Justice Samuel Alito preparing for a majority of the court to overturn the landmark Roe v. Wade abortion rights decision later this year, in Washington, U.S. May 3, 2022. Elizabeth Frantz | Reuters […]
Read More
Starbucks to hike wages, double training for workers as CEO Schultz tries to head off union push
A Starbucks barista fulfills an order in a South Philadelphia store. Mark Makela | Reuters Starbucks said it will hike wages for tenured workers and double training for new employees as the company and its CEO, Howard Schultz, seek to beat back the union push from its baristas. However, the coffee giant will not offer […]
Read More
Starbucks revenue tops estimates as U.S. sales growth offsets declines in China
A pedestrian carries a Starbucks branded cup in San Francisco, California, U.S., on Thursday, April 28, 2022. Starbucks Corp. David Paul Morris | Bloomberg | Getty Images Starbucks on Tuesday reported quarterly revenue that topped analysts’ expectations as U.S. sales growth offset sharp declines in China. Shares rose less than 1% on the report in […]
Read More
Tim Hortons’ comeback takes hold as coffee chain forecasts another year of Canadian same-store sales growth
Restaurant Brand International restaurants’ Tim Hortons and Popeyes. Randy Risling | Toronto Star | Getty Images Tim Hortons is anticipating Canadian same-store sales growth in the mid-to-high single digits in 2022 as the coffee chain’s turnaround takes hold in its home market. The Restaurant Brands International chain also said Tuesday during an investor presentation that […]
Read More
Burger King parent earnings beat estimates as revenue climbs 15%
In this photo illustration, a Burger King Whopper hamburger is displayed on April 05, 2022 in San Anselmo, California. A federal lawsuit has been filed and is seeking class-action status alleging that fast food burger chain Burger King is misleading customers with imagery that portrays its food, including the Whopper burger, as being much larger […]
Read More
Amazon workers at second Staten Island warehouse reject union
Amazon Labor Union organizers hold signs outside of the LDJ5 Amazon Sort Center on April 25, 2022 in New York City. Michael M. Santiago | Getty Images Employees at an Amazon warehouse on Staten Island overwhelmingly rejected a unionization effort on Monday, a significant victory for the e-retailer a month after a nearby fulfillment center […]
Read More
Bath & Body Works is a buy as inflation runs hot, Cowen says
Bath & Body Works is poised for growth after a pullback this year, according to Cowen. Source
Read More