Editorial Results (free)
1.
Bad Week in Social Media Gets Worse; Twitter Hammered -
Monday, July 30, 2018
NEW YORK (AP) — Cracking down on hate, abuse and online trolls is also hurting Twitter's standing with investors.
The company's stock plunged Friday morning after it reported a decline in its monthly users and warned that the number could fall further in the coming months. The more than 17 percent drop in share value at the opening bell comes one day after Facebook lost 19 percent of its value — its worst trading day since Facebook went public in 2012.
2.
International Paper Q2 Earnings Beat Street Expectations -
Friday, July 27, 2018
MEMPHIS, Tenn. (AP) – International Paper Co. (IP) on Thursday reported second-quarter net income of $405 million.
3.
Caffeine Shot: Coke Bets ‘Coke Plus Coffee’ Boosts Soda -
Thursday, July 26, 2018
ATLANTA (AP) – Coca-Cola thinks it may have found a new drink that will give soda sales a shot of caffeine: Coke Plus Coffee.
The company introduced the canned and bottled product in Australia last year, and has since rolled it out to Vietnam, Cambodia and Thailand. It did not say where it would next introduce the drink, but CEO James Quincey said during a call with analysts Wednesday that "early results are promising."
4.
FedEx Q4 Profits Beat Wall Street Estimates -
Thursday, June 21, 2018
Memphis-based FedEx Corp. posted a solid growth during its fiscal fourth quarter and full year, with company executives saying the shipping giant can adjust if looming tariffs disrupt trade patterns with China.
5.
FedEx Q4 Profits Beat Wall Street Estimates -
Wednesday, June 20, 2018
Memphis-based FedEx Corp. posted solid growth during its fiscal fourth quarter, beating Wall Street estimates.
The shipping giant reported earnings of $4.15 per diluted share for the quarter ended May 31, and net income of just over $1.13 billion, which is up from $1.02 billion, or $3.75 a share, a year ago.
6.
Dollar General Q1 Profit Surges, But Still Short -
Friday, June 1, 2018
NEW YORK (AP) – Dollar General reported a surge in first-quarter profit, but inclement weather doused enough business to leave the retailer short of Wall Street expectations almost across the board.
7.
Best Buy Posts Strong Sales, But Investors Sour on Outlook -
Friday, May 25, 2018
NEW YORK (AP) – Best Buy posted strong sales of mobile phones, appliances, and smart computing products as it showed in its financial results that store chains can still thrive as shoppers buy more online.
8.
Macy's Sees Robust Mobile, Online Sales as Profits Soar -
Thursday, May 17, 2018
NEW YORK (AP) – With shoppers in a mood to spend, particularly on clothing, Macy's surpassed profit and revenue expectations for the first quarter of the year and raised its outlook.
The company reported its second straight quarter of higher sales at existing stores after a three-year funk. Its shares surged nearly 9 percent Wednesday, and the stocks of other department store chains rose as well. The rosy performance bodes well for J.C. Penney and Nordstrom, both set to report their quarterly results on Thursday. All are working to appeal to shoppers who are spending more online rather than at department stores.
9.
Gannett Co. Reports Q1 Loss -
Tuesday, May 8, 2018
MCLEAN, Va. (AP) – Gannett Co. (GCI) on Monday reported a loss of $377,000 in its first quarter.
10.
Kellogg Says its Frozen Foods are Hot With Millennials -
Friday, May 4, 2018
NEW YORK (AP) – Kellogg, known for Frosted Flakes and Froot Loops cereals, says millennials are hot for its frozen foods, helping boost the company's sales.
Sales of Eggo waffles and MorningStar Farms veggie burgers, both in the frozen foods aisle, jumped more than 10 percent during the first three months of the year, Kellogg said Thursday.
11.
Pfizer's Q1 Profit Up 14 Pct., Sales Just Miss Expectations -
Wednesday, May 2, 2018
Pfizer posted slightly higher sales and a 14 percent jump in profit in the first quarter, thanks to lower restructuring costs and a much-lower tax rate, but its revenue still missed Wall Street expectations.
12.
Bookings for Southwest Fall After Fatal Accident -
Friday, April 27, 2018
DALLAS (AP) – Southwest Airlines says bookings are down since the fatal accident on one of its planes last week.
The company said Thursday that it expects revenue per mile, which tracks average prices, will drop between 1 percent and 3 percent in the April-through-June quarter. It said that 1 to 2 percentage points of the decline is due to slower sales since the April 17 accident that killed a passenger.
13.
American Airlines CEO Warns Higher Fares are Coming -
Friday, April 27, 2018
DALLAS (AP) – Rising fuel costs are eating into airline profits, dampening expectations for the rest of 2018, and setting the stage for higher fares.
Fuel is the airlines' second-biggest expense after labor, so when it rises – at American it was up 40 cents a gallon from a year ago – so does the cost of providing air travel, says American Airlines CEO Doug Parker.
14.
Fred’s Delays Earnings, Annual Report Due to Specialty Pharmacy Unit Sale -
Thursday, April 19, 2018
A couple of hours before Memphis-based discount retailer Fred’s Inc. was due to begin its fourth quarter and fiscal year 2017 earnings presentation for analysts, the company pulled the plug.
Scheduled for Wednesday, April 18, Fred’s has postponed not only the earnings presentation but the release of its annual report. Both have been delayed about two weeks due to a decision Fred’s board of directors made in the fourth quarter to sell the company’s specialty pharmacy business.
15.
Dollar General Reports Strong Same-Store Sales, Bold Outlook -
Friday, March 16, 2018
GOODLETTSVILLE, Tenn. (AP) – Dollar General's light revenue during the fiscal fourth quarter was outshined by booming sales at established stores and a very strong outlook.
The 3.3 percent jump in same-store sales reported on Thursday easily surpassed expectations for 2.5 percent, according to FactSet.
16.
Kroger Q4 Profit Surges on Tax Reform, Outlook Disappoints -
Friday, March 9, 2018
NEW YORK (AP) – Kroger Co. reported a surge in fourth-quarter profit Thursday, but the lackluster results and outlook sunk shares.
17.
Target's Remake is Accelerating, at a Cost -
Wednesday, March 7, 2018
NEW YORK (AP) – Target is increasing the minimum hourly pay to $12 starting this spring, the second increase in a matter of months, while accelerating its reinvention plan to make the discounter more competitive in the age of Amazon.
18.
AutoZone Misses Earnings Forecast in Q2, Shares Sink -
Saturday, March 3, 2018
AutoZone Inc. on Tuesday, Feb. 27, reported fiscal second-quarter net income of $289.5 million.
The Memphis-based auto parts retailer reported net income of $10.38 per share. Earnings, adjusted for pretax gains, were $4.23 per share.
19.
Kohl's Teaming Up With German Grocer Aldi -
Friday, March 2, 2018
NEW YORK (AP) – Kohl's shoppers will be able to pick up some groceries while shopping for clothing at select stores.
The department store chain said Thursday it is teaming up with German no-frills grocery chain Aldi to lease space in five to 10 of its stores. The move comes as Kohl's looks to scale back its footprint while making its stores more productive.
20.
AutoZone Selling Two Business Segments -
Thursday, March 1, 2018
Memphis-based AutoZone Inc. is selling two of its business segments: Interamerican Motor Corp., a distributor of replacement parts for imported vehicles, and AutoAnything, an online-only retailer that specializes in accessories, performance and replacement parts.
21.
ServiceMaster Beats Earnings Estimate, Misses on Revenue -
Wednesday, February 28, 2018
ServiceMaster Global Holdings Inc. reported Tuesday, Feb. 27, earnings of 35 cents per share in its fiscal fourth quarter, a penny better than estimated on revenue that came in slightly below estimates.
22.
AutoZone Selling 2 Businesses; Earnings Miss Street Forecasts -
Tuesday, February 27, 2018
Memphis-based AutoZone Inc. is selling two of its business segments: Interamerican Motor Corp., a distributor of replacement parts for imported vehicles, and AutoAnything, an online-only retailer that specializes in accessories, performance and replacement parts.
23.
ServiceMaster Beats on Earnings, Misses Revenue Target -
Tuesday, February 27, 2018
ServiceMaster Global Holdings Inc. reported Tuesday earnings of 35 cents per share in its fiscal fourth quarter, a penny better than estimated on revenue that came in slightly below estimates.
24.
MGM Misses Q4 Profit Forecasts -
Wednesday, February 21, 2018
LAS VEGAS (AP) – MGM Resorts International on Tuesday reported fourth-quarter net income of $1.4 billion.
The Las Vegas-based company, whose holdings include Gold Strike Casino Resort in Tunica, said it had a profit of $2.42 per share. Earnings, adjusted for pretax gains, were less than 1 cent on a per-share basis.
25.
Walmart's Bruising Battle With Amazon Saps Its Q4 Results -
Wednesday, February 21, 2018
NEW YORK (AP) – Walmart is getting bruised in its battle with online leader Amazon.
The world's largest retailer on Tuesday reported a smaller-than-expected fourth-quarter profit as it wrestled with slower e-commerce sales during the busiest time of the year. The results underscore the company's challenges in a fiercely competitive retail landscape.
26.
Dunkin' Donuts Aims to Boost Afternoon Sales -
Wednesday, February 7, 2018
CANTON, Mass. (AP) – Will Americans run to Dunkin' later in the day? The coffee and doughnut chain hopes so.
Dunkin' Donuts said Tuesday that is working to increase sales after the morning rush, a strategy that coffee chain Starbucks recently said it was also pursuing.
27.
UPS Posts $1.1 Billion Profit for Q4 on High Online Shopping -
Friday, February 2, 2018
DALLAS (AP) – UPS was caught off-guard by the crush of online shopping leading up to Christmas and plans to spend a chunk of its tax-cut savings to invest in its package-delivery network.
28.
Southwest Gets Boost From Tax Law; Beats Street Q4 Forecasts -
Friday, January 26, 2018
DALLAS (AP) – Southwest Airlines said Thursday that fourth-quarter profit jumped to $1.89 billion as the recent tax law reduced the company's deferred tax liability and should boost 2018 earnings too.
29.
As US Birthrates Drop, Kimberly-Clark Feels the Pinch -
Wednesday, January 24, 2018
DALLAS (AP) – Americans are having fewer babies, and diaper makers are feeling the pinch.
Kimberly-Clark said Tuesday it will cut as many as 5,500 jobs, or 13 percent of its workforce, in an attempt to lower costs.
30.
Strength at FedEx Stands Out Among Memphis’ Fortune 500 Companies -
Tuesday, January 23, 2018
The reality confronting each of Memphis’ three publicly traded Fortune 500 companies is a little different as the year gets underway, with one of them the breakaway favorite in terms of investment and opportunity.
31.
Delta's Profit Dips 8 Percent But Tops Street's Expectations -
Friday, January 12, 2018
DALLAS (AP) – Delta Air Lines reported Thursday that fourth-quarter profit slipped 8 percent, but the results still beat expectations as average prices for passengers continued to creep higher.
32.
FedEx Forecasts Record Holiday Deliveries -
Thursday, December 21, 2017
It wasn’t just solid news for FedEx’s fiscal second quarter that ended Nov. 30, during which the package delivery company grew earnings 11 percent to $775 million, or $2.84 a share. That’s up from $700 million, or $2.59 per share during the year-ago period.
33.
Dollar General Tops Street Q3 Forecasts -
Friday, December 8, 2017
GOODLETTSVILLE, Tenn. (AP) – After a slow start to the year, Dollar General bounced back in the third quarter thanks to stronger sales that pushed revenue and earnings ahead of projections.
34.
Kroger Beats Earnings Estimate in Fiscal 3Q -
Friday, December 1, 2017
Kroger reported better-than-expected earnings of $397 million, or 44 cents per share, for its fiscal third quarter on Thursday morning, Nov. 30, soundly beating estimates.
The consensus earnings per share forecast of 11 analysts was 40 cents, according to Zacks Investment Research. The grocery company earned 41 cents in the third quarter of 2016.
35.
Walmart Sees Strong Online Sales Lift Third-Quarter Results -
Friday, November 17, 2017
NEW YORK (AP) – A surging online business and strong food sales boosted Walmart's results Thursday ahead of the holiday season, a day after its rival Target offered a cautious forecast that overshadowed progress it has made in bringing more customers to its stores.
36.
Department Stores: Macy's Sales Fall, Kohl's Profit Drops -
Friday, November 10, 2017
NEW YORK (AP) — Macy's sales fell as it had a hard time pulling shoppers through its doors and Kohl's reported a drop in quarterly profit Thursday, underscoring just how challenging the holiday shopping season will be for department store chains.
37.
CVS Bulks Up Delivery Service; Tops 3Q Earnings Expectations -
Tuesday, November 7, 2017
CVS Health is cranking up prescription deliveries to customer homes or workplaces, as the drugstore chain tries to squeeze more of an edge from a massive store network that puts 70 percent of the U.S. population within three miles of one of its locations.
38.
Gannett Beats Q3 Profit Expectations, Misses on Revenue -
Friday, November 3, 2017
MCLEAN, Va. (AP) – Gannett Co., Inc. (GCI) on Thursday reported third-quarter net income of $23 million, after reporting a loss in the same period a year earlier.
39.
Tenet Healthcare To Cut 1,300 Jobs -
Monday, October 30, 2017
Tenet Healthcare plans to cut 1,300 jobs, more than 1 percent of its workforce, in an attempt to cut costs as it reported a quarterly loss of $367 million on Friday, Oct. 27..
It was not immediately clear whether some of the layoffs would come at St. Francis-Memphis or St. Francis-Bartlett hospitals in the Memphis area market that Tenet owns.
40.
UPS Predicts Record Holiday Deliveries, Defends Price Hike -
Friday, October 27, 2017
DALLAS (AP) — UPS expects another record holiday season, with deliveries up 5 percent over last year, as online shopping continues to grow.
The company said Thursday that it expects to deliver more than 750 million packages between Thanksgiving and Dec. 31. It expects to haul at least 30 million packages on 17 of the last 21 delivery days before Christmas.
41.
McDiscount: $1 Soda, 2 for $5 Deals Lure More to McDonald's -
Wednesday, October 25, 2017
NEW YORK (AP) — Cheap soda and burgers brought more people into McDonald's.
The fast-food company said Tuesday that sales in the U.S. rose 4.1 percent at existing locations during the third quarter, thanks to $1 soft drinks, coupons on its app and a two-for-$5 promotion called McPick 2. And with more people coming in, McDonald's said some also bought pricier burgers stuffed with crispy onions, kale or guacamole, which helped sales.
42.
Best Buy Rolls Out Consulting Service at People's Homes -
Wednesday, August 30, 2017
NEW YORK (AP) – Best Buy is rolling out a free service next month where salespeople will sit with customers at their own homes to help make recommendations on TVs, streaming services and more.
43.
Sears to Close More Stores, Sales Continue to Fall in 2Q -
Friday, August 25, 2017
NEW YORK (AP) – Sears continued to struggle in its second quarter with declining sales amid heightened competition from the likes of Walmart to Amazon. It now says it will close even more stores.
44.
Mylan, Like Other Generic Drugmakers, Feels the Pricing Pain -
Thursday, August 10, 2017
NEW YORK (AP) – Mylan's second-quarter profit and revenue surged, but not as much as Wall Street had expected and the company is taking a more conservative view going forward because of "ongoing challenges and the uncertain U.S. regulatory environment."
45.
Tenet Healthcare Reports $55 Million Loss in Q2 -
Wednesday, August 9, 2017
Tenet Healthcare Corp. on Monday, Aug. 7, reported a loss of $55 million in its second quarter.
The Dallas-based company, whose local operations include Saint Francis Hospital-Memphis and Saint Francis Hospital-Bartlett, said it had a loss of 55 cents per share. Losses, adjusted for one-time gains and costs, came to 17 cents per share.
46.
Sprint Posts Rare Profit, Says a Deal May Be Coming Soon -
Wednesday, August 2, 2017
OVERLAND PARK, Kan. (AP) – Sprint said Tuesday that it should be able to "strike a deal" in the "near future," driving up shares of the fourth-largest U.S. wireless carrier.
The Overland Park, Kansas, company also posted its first quarterly profit in three years as it cut costs.
47.
Whole Foods' Key Sales Dip Shows Amazon Buying a Fixer-Upper -
Thursday, July 27, 2017
AUSTIN, Texas (AP) – Amazon is set to have a fixer-upper on its hands, with Whole Foods reporting another key sales decline.
The grocery chain said Wednesday that sales fell 1.9 percent at established locations for the three months that ended July 2. That marks the eighth straight quarter the figure has declined as Whole Foods sees more competition from traditional grocers, big box retailers and others that are offering more organic choices.
48.
AutoZone’s Engine Starting to Stall -
Thursday, July 20, 2017
AutoZone’s stock price is pointed in the opposite direction it’s been accustomed to for years now. Shares of the Memphis-based auto parts retailer are down more than 30 percent since the end of January. Needless to say, that’s an unusual place for the company, which continues to open new stores at a steady clip.
49.
Darden CEO: Millennials Still Enjoy Chains Like Olive Garden -
Wednesday, June 28, 2017
NEW YORK (AP) — Millennials may be shunning some habits beloved by past generations, but one restaurant company CEO says they still want to go to sit-down chains like Olive Garden.
"Believe it or not, millennials still want to come to restaurants," Gene Lee, chief executive of Olive Garden's parent company Darden Restaurants, said Tuesday, based on what he said was the company's research.
50.
FedEx Corp. Reports Strong Q4, Fiscal Year -
Thursday, June 22, 2017
Memphis-based FedEx Corp. reported a record Q4 and full-year earnings at its fourth-quarter earnings call Tuesday, June 20.
51.
FedEx Declares Quarterly Dividend Payable July 6 -
Monday, June 19, 2017
FedEx Corp.’s board of directors has announced a quarterly cash dividend of 50 cents per share on its common stock.
52.
Sale on Milk and Eggs: Kroger Cuts Outlook Amid Price Fight -
Friday, June 16, 2017
NEW YORK (AP) – Intense competition among grocers is forcing Kroger to slash prices on popular items like milk and eggs – staples that help sway where shoppers go.
The company, which operates Fred Meyer, Ralphs and Fry's, on Thursday reported its second straight quarter of declining sales at established locations after more than seven years of uninterrupted growth. It also cut its profit outlook for the year, citing the moves it's making to adapt to the "upheaval" in food retailing and to keep prices competitive.
53.
Wal-Mart Sees Online Sales Surge, More Shoppers at Stores -
Friday, May 19, 2017
BENTONVILLE, Ark. (AP) – Wal-Mart saw online sales surge as it changed up its shipping offers, and drew more shoppers to its stores as well in the most recent quarter even as retail overall is more competitive.
54.
Losses at JC Penney Double, Sales Slide, As Do Shares -
Monday, May 15, 2017
PLANO, Texas (AP) – Losses at J.C Penney doubled in the first quarter and sales at established stores fell again, capping a terrible week for retailers.
Though the loss at first did not appear as bad as many industry analysts had expected, many soured on even that after a closer look.
55.
Mueller Industries Eyeing Relocation to Collierville -
Friday, April 28, 2017
Memphis-based Mueller Industries has filed a payment-in-lieu-of-taxes application with the Collierville Industrial Development Board to relocate its corporate headquarters to the Schilling Farms mixed-use development from its current location in Southeast Memphis.
56.
McDonald's US Sales Climb, Customer Traffic Still a Focus -
Wednesday, April 26, 2017
NEW YORK (AP) – McDonald's says new Big Mac sizes helped boost a key sales figure in the U.S., but that it is still working on trying to attract more customers to its stores.
The world's biggest burger chain said Tuesday that global sales rose 4 percent at established locations in the first three months of the year. That included a 1.7 percent increase in its flagship U.S. market, where the fast-food chain has suffered four straight years of declining customer visits.
57.
Cost Cuts at Coca-Cola Go Deeper, Including Jobs -
Wednesday, April 26, 2017
ATLANTA (AP) – Coca-Cola's sales declined in the first quarter as it restructured its business, and the world's biggest beverage maker said it will cut 1,200 jobs starting later this year as it deepens its cost-cutting.
58.
Amid Competition, Verizon Loses Key Customers for First Time -
Friday, April 21, 2017
NEW YORK (AP) – Verizon, the once-unstoppable cellphone leader in the U.S., lost key wireless customers for the first time, even as it brought back unlimited data plans to counter smaller rivals.
59.
FedEx Corp. Falls Short Of Q3 Profit Forecasts -
Saturday, March 25, 2017
Memphis-based FedEx Corp. enjoyed record shipping levels in its peak season for deliveries, but still fell short of third-quarter profit forecasts.
60.
FedEx Falls Short of Q3 Profit Forecasts -
Thursday, March 23, 2017
Memphis-based FedEx Corp. enjoyed record shipping levels in its peak season for deliveries, but still fell short of third-quarter profit forecasts.
In its Tuesday, March 21, earnings call, FedEx reported net income of $562 million, or $2.07 per share, for the fiscal quarter that ended Feb. 28. That was an increase from $507 million, or $1.84 per share, for the same period last year.
61.
FedEx Corp. Falls Short of Q3 Profit Forecasts -
Wednesday, March 22, 2017
Memphis-based FedEx Corp. enjoyed record shipping levels in its peak season for deliveries, but still fell short of third-quarter profit forecasts.
In its Tuesday, March 21, earnings call, FedEx reported net income of $562 million, or $2.07 per share, for the fiscal quarter that ended Feb. 28. That was an increase from $507 million, or $1.84 per share, for the same period last year.
62.
Scripps Networks Misses Q4 Profit Forecasts -
Wednesday, February 22, 2017
KNOXVILLE, Tenn. (AP) – Scripps Networks Interactive Inc. on Tuesday reported fourth-quarter net income of $52.1 million.
63.
Education Realty Trust Reports Q4 Results -
Wednesday, February 22, 2017
MEMPHIS, Tenn. (AP) – Education Realty Trust Inc. on Tuesday reported a key measure of profitability in its fourth quarter. The results surpassed Wall Street expectations.
64.
Coca-Cola Seeks Formula for Future Growth -
Friday, February 10, 2017
ATLANTA (AP) – Coca-Cola's profit fell 55 percent in the most recent quarter as it restructures with hopes of driving future growth.
Yet the company said it expects its earnings to fall this year, and shares of Coca-Cola dropped more than 2 percent Thursday.
65.
First Horizon CEO: 2017 Brings ‘Good Growth Opportunities’ -
Wednesday, January 4, 2017
A week ahead of his bank’s earnings presentation to analysts – which will close the books on 2016 with a fourth quarter and full-year report – the top executive at First Tennessee Bank’s parent company is in an optimistic mood.
66.
Dollar General Key Sales Figure Falls As Store Traffic Drops -
Friday, December 2, 2016
GOODLETTSVILLE, Tenn. (AP) – Dollar General put up weak earnings numbers for the third quarter in an environment that has largely favored bargain stores, with so many people still looking to cut costs where they can.
67.
Medtronic Profit Surges, Revenue Misses Estimates -
Saturday, November 26, 2016
Medtronic PLC’s fiscal second-quarter profit more than doubled on higher sales of its heart and surgical devices. But revenue fell short of Wall Street expectations, helping to drag shares lower.
68.
Medtronic Profit Surges, Revenue Misses Expectations -
Wednesday, November 23, 2016
Medtronic PLC’s fiscal second-quarter profit more than doubled on higher sales of its heart and surgical devices. But revenue fell short of Wall Street expectations, helping to drag shares lower.
69.
Tyson Foods Says CEO Will Step Down at End of Year -
Tuesday, November 22, 2016
SPRINGDALE, Ark. (AP) – Tyson Foods said Monday that CEO Donnie Smith will step down at the end of the year and be replaced by the meat producer's president, Tom Hayes.
70.
Penney's Reports 3Q Sales Shortfall, Cuts Outlook -
Monday, November 14, 2016
J.C. Penney cut its sales outlook for the year after reporting a surprise decline in a key sales figure for the third quarter as it wrestled with sluggish clothing sales.
The report is a setback for Penney, whose business has been volatile, bouncing back in the summer after a tough start to the year.
71.
Kohl's Tops Earnings Forecasts on Lower Costs -
Friday, November 11, 2016
NEW YORK (AP) – Kohl's Corp. reported a fiscal third-quarter profit that beat Wall Street expectations as lower costs offset a decline in sales.
72.
Wendy's Profit Surges on Shift to Franchise Operations -
Thursday, November 10, 2016
NEW YORK (AP) – Wendy's Co. reported a boost in profit as it dramatically cut costs while it continues to sell company-owned restaurants and shift to a more franchise-heavy operation.
73.
Jernigan Capital Earns $5M Q3 Profit -
Friday, November 4, 2016
Dean Jernigan is one of those CEOs who’s happy to spend big chunks of earnings calls with analysts leading a deep dive into the macroeconomics of his public company’s industry.
74.
Thomson Reuters to Cut 2,000 Jobs, Spares Newsroom -
Wednesday, November 2, 2016
NEW YORK (AP) – Thomas Reuters said Tuesday that it plans to cut 2,000 jobs and take a charge of up to $250 million as the news and financial information company seeks to streamline its business.
75.
Amazon Courts Food Shoppers -
Monday, October 31, 2016
NEW YORK (AP) – Amazon wants you to order your turkey, stuffing and cranberry sauce online this Thanksgiving – its latest effort to make its Prime subscription service a central part of food shopping, much the way it's done for other consumer goods.
76.
Outlook Weighs on Hilton -
Thursday, October 27, 2016
MCLEAN, Va. (AP) – Hilton cut its expectations for a key revenue figure, overshadowing an otherwise solid third-quarter performance.
Hilton had previously expected its revenue per-available room to rise between 3 percent and 4 percent for 2016. On Wednesday, it trimmed those expectations to just a 1.5 percent to 2 percent increase compared with last year, and flat to 1 percent for the current and final quarter of 2016.
77.
Cabela's Struggles Go On Ahead of Sale to Bass Pro Shops -
Thursday, October 27, 2016
SIDNEY, Neb. (AP) – Cabela's profit slid 35 percent in the third quarter, a period in which the outdoor gear seller aggressively discounted goods to boost sales.
The results were released Wednesday, a day early, as the retailer as it readies for its $4.5 billion acquisition by rival Bass Pro Shops, a deal announced earlier this month.
78.
Burger King Owner Beats Expectations, But Sees US 'Softness' -
Tuesday, October 25, 2016
NEW YORK (AP) – Restaurant Brands International reported a rise in third-quarter sales Monday at its Burger King and Tim Horton stores, but the growth was much lower than a year ago. The company's shares fell nearly 4 percent.
79.
TD Ameritrade to Buy Scottrade in $4B Cash-and-Stock Deal -
Tuesday, October 25, 2016
OMAHA, Neb. (AP) – Online brokerage TD Ameritrade is buying Scottrade in a $4 billion cash-and-stock deal that would significantly expand its branch network at a time when many financial firms are expanding automated adviser programs.
80.
First Horizon Grows Third Quarter Net Income -
Monday, October 17, 2016
The parent company of the largest bank based in Memphis is marching toward year’s end increasingly confident about its financials and outlook.
Results from the third quarter for First Horizon National Corp. released Friday, Oct. 14, show why that’s the case.
81.
Delta Posts a Profit Despite Lower Airfare, Rising Expenses -
Friday, October 14, 2016
NEW YORK (AP) – Lower airfares and rising salaries are putting a squeeze on Delta Air Lines.
Luckily for the airline, the price of jet fuel remains cheap and the Atlanta-based carrier was able to report Thursday a third-quarter profit of $1.26 billion, down 4 percent from the same period last year.
82.
PepsiCo's Drinks, Snacks Boost Sales in North America -
Friday, September 30, 2016
PURCHASE, N.Y. (AP) – PepsiCo sold more of its beverages and Frito-Lay snacks in North America during the third quarter, helping it deliver a profit that beat Wall Street expectations.
83.
Fred’s Undergoing Changes After Disappointing Financial Results -
Wednesday, September 14, 2016
The second quarter has not been kind to retail stocks. Among almost 90 percent of retail companies that reported second-quarter earnings as of Aug. 24, just 3.9 percent surpassed estimates, according to Zacks Investment Research, and barely 4 percent posted higher year-over-year revenue.
84.
Kroger Cuts Sales Forecast on Falling Food Prices -
Monday, September 12, 2016
Kroger reported weaker-than-expected revenue Friday, Sept. 9, and said it was hurt by falling prices for eggs, meats and other products, forcing it to lower its sales forecast for the year.
The supermarket operator said it expects the price weakness to continue into next year, but CEO Rodney McMullen expressed confidence that it "won't last forever."
85.
Abercrombie Closing Up to 60 Stores After Posting Wider Loss -
Wednesday, August 31, 2016
NEW YORK (AP) – Abercrombie & Fitch Co. reported a wider loss for its second quarter on Tuesday and said it's closing up to 60 stores in the United States as both U.S. and international sales fell.
86.
Medtronic Tops Profit Forecasts in First Quarter -
Saturday, August 27, 2016
Medtronic Inc. (MDT) on Thursday reported fiscal first-quarter earnings of $929 million.
The Dublin-based company said it had profit of 66 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.03 per share.
87.
Medtronic Tops 1Q Profit Forecasts -
Friday, August 26, 2016
Medtronic Inc. (MDT) on Thursday reported fiscal first-quarter earnings of $929 million.
The Dublin-based company said it had profit of 66 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.03 per share.
88.
Wal-Mart Raises Annual Profit Outlook, Reports Strong Sales -
Friday, August 19, 2016
NEW YORK (AP) – Wal-Mart's vast fleet of stores and its online business are starting to click together.
The company raised its earnings outlook for the year on Thursday and delivered strong profit and sales for the second quarter, as moves to improve the store and online experience are winning over customers.
89.
Target Cuts Outlook as It Sees Fewer Customers in Stores -
Thursday, August 18, 2016
NEW YORK (AP) – Target Corp. cut its profit forecast and a key sales outlook Wednesday as it saw fewer customers in its stores and acknowledged it didn't push the second part of its "Expect More, Pay Less" slogan.
90.
Kohl's 2Q Profit Tops Expectations as It Lowers Expenses -
Friday, August 12, 2016
MENOMONEE FALLS, Wis. (AP) – Kohl's fiscal second-quarter profit beat analysts' estimates, as the department store operator trimmed expenses and managed its inventory well.
Its shares soared more than 13 percent in morning trading Thursday.
91.
Wendy's Says Cheaper Groceries Keeping People at Home -
Thursday, August 11, 2016
DUBLIN, Ohio (AP) – Wendy's is the latest major fast-food chain to report weaker-than-expected sales growth, with the hamburger company saying people aren't dining out as much because it has gotten even cheaper to eat at home.
92.
SeaWorld Revenue and Attendance Drop, Shares Tumble -
Friday, August 5, 2016
ORLANDO, Fla. (AP) – SeaWorld's revenue fell as attendance declined, sending the theme park and entertainment company's shares lower.
The Orlando, Florida-based company's profit rose from results a year ago when it absorbed a hefty charge, but the earnings missed Wall Street expectations.
93.
Office Depot to Close More Stores After Failed Merger -
Thursday, August 4, 2016
NEW YORK (AP) – A sizeable payout following a failed merger with its rival, Staples, pushed Office Depot to a second-quarter profit, but the office supply retailer still fell short of most expectations and revenue slid 6 percent.
94.
P&G Tops Forecasts as Company Cuts Costs, Steps Up Marketing -
Wednesday, August 3, 2016
CINCINNATI (AP) – Procter & Gamble reported a quarterly profit Tuesday that topped Wall Street expectations as the world's biggest consumer products company worked on slashing costs and pruning its product lineup to offset slow growth.
95.
Health Insurer Aetna Backs Off ACA Expansion Plans -
Wednesday, August 3, 2016
Aetna became the latest health insurer to cast doubt upon its future in the Affordable Care Act's insurance exchanges after it called off a planned expansion Tuesday and suggested it could abandon that market completely.
96.
Domino's Says Key US Sales Figure Jumped Nearly 10 Percent -
Friday, July 22, 2016
ANN ARBOR, Mich. (AP) – Domino's said its sales jumped 9.7 percent at U.S. stores open at least a year in the second quarter, boosted by the convenience of its digital ordering options and loyalty program.
97.
Comerica Says It Will Cut Almost 800 Jobs, Close 40 Banks -
Wednesday, July 20, 2016
NEW YORK (AP) – Comerica said Tuesday it will cut close to 800 jobs and close 40 banks to cut costs. The regional bank also reported a bigger quarterly profit than analysts expected.
Comerica said it wants to eliminate $160 million in annual spending by the end of 2018. The company said it will eliminate about 9 percent of its jobs, which would be 791 workers based on recent employment figures. Comerica will also close 40 banks and outsource some technology functions to reduce spending.
98.
FedEx Posts $70 Million Loss, Gives Cautious Outlook -
Saturday, June 25, 2016
Memphis-based FedEx Corp. lost $70 million in the latest quarter because of large pension and acquisition items, and the delivery giant gave a cautious outlook for the next 12 months.
99.
FedEx Posts $70 Million Loss, Gives Tepid Outlook -
Wednesday, June 22, 2016
DALLAS (AP) – FedEx Corp. lost $70 million in the latest quarter because of large pension and acquisition items, and the delivery giant gave a cautious outlook for the next 12 months.
100.
Medtronic Earnings Top Expectations -
Saturday, June 4, 2016
Medtronic reported better-than-expected financial results in the most recent quarter, as sales for its pacemakers, stents and other medical products rose.
Medtronic, whose spinal business is based in Memphis, said it also got a revenue boost from its $50 billion acquisition of surgical equipment maker Covidien. That deal closed last year.