Scratch-Offs carry New Jersey Lottery through sharp sales decline
TRENTON, NJ – New Jersey Lottery sales totaled $3.3 billion for the fiscal year ending Sunday, a decline of $288 million or 7.9 percent from the previous year, but still resulted in…
Volvo Cars sales up 21% year-on-year in July
OSLO (Reuters) -Sweden’s Volvo Cars on Thursday reported a 21% rise in car sales in July from a year earlier, selling 54,165 vehicles, the company’s 11th consecutive month of year-over-year growth. In…
Australia retail sales extend losing stretch to a third quarter
By Wayne Cole SYDNEY (Reuters) -Australian retail sales volumes fell again in the June quarter as cost of living pressures and rising borrowing costs ate into consumer spending power, hampering economic growth…
MercadoLibre’s Q2 profit doubles on higher sales volume, user growth
SAO PAULO (Reuters) -South American e-commerce giant MercadoLibre reported a 113% rise in its second-quarter net income on Wednesday to $261.9 million, amid higher sales volume and an increase in users. The…
C.H. Robinson sales and profit miss estimates on muted freight demand
(Reuters) – C.H. Robinson Worldwide missed quarterly estimates for sales and profit on Wednesday as the logistics company struggled with waning demand and lower pricing for its services. The global shipping industry…
Double-digit growth in real wages, retail sales as Russia’s unemployment hits record low
(Reuters) – Record low unemployment in June highlighted Russia’s stark labour shortage, statistics data showed on Wednesday, even as the rebound from last year’s economic slump continued with double-digit jumps in wage…
Safilo posts 6.6% fall in Q2 net sales as North America weighs
(Reuters) – Italian eyewear group Safilo posted a 6.6% fall in second-quarter net sales at constant exchange rates, due to weakness in the North American market along with a drop in the…
Hong Kong June retail sales up 19.6%; outlook seen favourable
HONG KONG (Reuters) – Hong Kong’s June retail sales rose 19.6% from a year earlier in the seventh consecutive month of growth thanks to a tourism recovery and positive consumption sentiment and…
Warner Bros Discovery to restructure ad sales division
(Reuters) – Warner Bros Discovery said on Monday it would restructure its advertising sales division including the leadership team, as the entertainment major seeks to address a downturn in ad demand. Advertising…
Colgate-Palmolive bumps up annual sales, profit forecasts on strong pricing
(Reuters) – Colgate-Palmolive raised annual organic sales and profit forecasts on Friday, banking on price hikes and resilient demand for its self-care and pet nutrition products. The company, like several other consumer…
Capgemini’s slower sales hit shares, to invest 2 billion euros in AI
By Lina Golovnya and Stephanie Hamel (Reuters) -French IT consulting group Capgemini posted weaker quarterly growth due to a slowdown across its regions, marked by a softer-than-expected U.S. market as clients cut…
Keurig Dr Pepper beats sales estimates, posts strong forecast on higher prices
(Reuters) – Keurig Dr Pepper Inc beat Wall Street estimates for quarterly results on Thursday and forecast higher annual sales, as the soda maker benefits from multiple rounds of price hikes that…
Sanofi lifts earnings outlook on new drug launches, Dupixent sales
By Ludwig Burger (Reuters) -French drugmaker Sanofi on Friday increased its guidance for full-year earnings, citing strong sales of anti-inflammatory treatment Dupixent and closely-watched new drug launches. The Paris-based drugmaker predicted an…
Toyota’s global sales rise 5.1% to 4.9 million in first half of 2023
TOKYO (Reuters) -Japanese automaker Toyota Motor said on Friday it sold 5.1% more vehicles in the first half of 2023 compared with the same period a year earlier, helped by an easing…
Westfield owner bets on ad sales at its Europe shopping malls
By Helen Reid LONDON (Reuters) -The owner of Westfield malls is looking to cash in on shopper traffic by charging brands to be featured on screens and in pop-up spaces, a business…
Kering buys 30% of Italy’s Valentino as Gucci sales lag
By Mimosa Spencer and Silvia Aloisi PARIS (Reuters) -French luxury group Kering, which is struggling to revive sales at its star brand Gucci, said on Thursday it was buying a 30% stake…
US pending home sales rise for first time since February
By Safiyah Riddle (Reuters) – Contracts to buy previously owned homes increased in June for the first time since February, suggesting that the housing market is recovering from the low point of…
UK retail sales slide at fastest pace in more than a year: CBI
LONDON (Reuters) – British retail sales fell in July at the fastest rate since April 2022 and stores are bracing for worse times ahead, with many chains cutting orders placed with suppliers,…
Bud Light maker to lay off hundreds of US corporate staff after sales slump – CNN
(Reuters) – Anheuser-Busch InBev, whose Bud Light sales have recently slumped in the United States, will lay off hundreds of corporate staff in the country, CNN reported on Wednesday citing a company…
Lam Research sales forecast beats estimates on AI boom
By Akash Sriram and Max A. Cherney (Reuters) -Chip-making tools supplier Lam Research forecast quarterly revenue above Wall Street estimates, as semiconductor makers scramble to meet a surge in demand fueled by rising…
Universal Music earnings boosted by strong sales
(Reuters) -The world’s largest record label Universal Music Group on Wednesday posted a better than expected second quarter core profit margin, boosted by strong sales from artists including Taylor Swift and South…
Analysis-China policy reform to end losses for city-gas firms on household sales
By Chen Aizhu, Emily Chow and Andrew Hayley SINGAPORE/BEIJING (Reuters) – Policy reform in China will boost profit for city-gas distributors by letting them raise prices for residential sales above costs, after…
Sharp Chinese rebound powers LVMH sales growth in second quarter
By Mimosa Spencer PARIS (Reuters) -Sales at the world’s top luxury group LVMH rose by 17% in the second quarter, with a sharp rebound in China helping to offset a decline in…
Unilever hoping for higher Europe ice cream sales but weather a worry
By Richa Naidu LONDON (Reuters) – Unilever, which makes Ben & Jerry’s and Magnum ice creams, said on Tuesday that it hopes to sell more ice cream in Europe this summer but…
PulteGroup results beat estimates on higher new home sales
(Reuters) – PulteGroup Inc beat Wall Street estimates for second-quarter profit and revenue on Tuesday, as strong demand for affordable housing and tight resale inventory boosted new home sales. Existing home-owners locked…
US auto sales expected to rise again in July – S&P Global Mobility
(Reuters) – New U.S. light vehicle sales volumes are set to rise again in July as easing supply-chain snags help automakers ramp up production to meet pent-up demand, automotive research firm S&P…
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