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…
Japan’s Olympus says moving from asset sales towards doing deals
By Rocky Swift and Mayu Sakoda TOKYO (Reuters) – Japanese medical equipment maker Olympus Corp has largely completed a slew of asset sales and is now keen to do deals, particularly in…
Home Depot, Lowe’s to see higher sales as owners remodel amid rising rates
By Deborah Mary Sophia (Reuters) – Home Depot Inc and Lowe’s Cos Inc are likely to report rising sales in the third quarter as Americans continue to spend on home improvements in…
U.S. EPA considering expanding Midwest E15 gasoline sales -sources
By Stephanie Kelly and Jarrett Renshaw NEW YORK (Reuters) – The U.S. Environmental Protection Agency plans to seek public comment on whether to allow year-round sales of higher ethanol gasoline blends in…
Emirates suspends Nigerian flights again over trapped ticket sales
LAGOS (Reuters) – Dubai’s Emirates has suspended flights to Nigeria for the second time since September citing an inability to repatriate funds from Africa’s biggest economy, the airline said on Thursday. Nigeria…
BMW plans direct sales of its cars, CFO tells newspaper
BERLIN (Reuters) – Buyers of a BMW should be able to order a car directly from the manufacturer in the future with no need to involve a car dealer, its finance chief…
EVs and hybrids account for 43% of third-quarter EU new car sales
By Nick Carey LONDON (Reuters) – Electric and hybrid vehicles accounted for 43% of sales of new cars in the European Union in the third quarter, data from the European Automobile Manufacturers…
Qualcomm revenue forecast falls short as smartphone sales slump; shares slide
By Chavi Mehta and Jane Lanhee Lee (Reuters) -Qualcomm Inc’s forecast for holiday-quarter revenue fell about $2 billion short of Street estimates, as the chipmaker struggles with a slump in sales to…
Australian grocer Woolworths quarterly sales rise 1.8% on higher prices
(Reuters) – Australian grocer Woolworths Group reported a 1.8% rise in first-quarter sales on Thursday, helped by higher product prices. Total group sales for the country’s biggest supermarket chain came in at…
Russian retail sales fall deeper, jobless rate rises in Sept – data
MOSCOW (Reuters) – Russian retail sales fell deeper and the jobless rate slightly increased in September, official data from the state statistics service Rosstat showed on Wednesday, after the Kremlin announced its…
Volvo Cars’ sales up 7% in October on “robust” underlying EV demand
STOCKHOLM (Reuters) -Sweden-based Volvo Car AB said on Wednesday its sales grew 7% year-on-year in October to 54,317 cars. “Overall underlying demand for the company’s cars remains robust, especially for its recharge…
Geely’s Zeekr plans electric vehicle sales in Europe in 2023
SHANGHAI (Reuters) – Zhejiang Geely Holding Group’s premium electric car business plans to sell the first electric vehicle produced under the Zeekr brand in Europe next year, Zeekr’s CEO said. Zeekr joins…
Dental implants maker Straumann raises 2022 sales outlook
(Reuters) – Swiss dental implants maker Straumann on Wednesday raised its 2022 organic sales growth outlook, citing post-pandemic recovery momentum. The company, which specialises in tooth replacement and orthodontic solutions, expects its…
Eli Lilly’s growth tied to nascent diabetes drug sales
(Reuters) – Wall Street analysts will be focusing on sales of Eli Lilly and Co’s newly approved diabetes drug Mounjaro when the company reports results on Tuesday, as sales of its older…
Australia retail sales up again in Sept as spending stays resilient
By Wayne Cole SYDNEY (Reuters) -Australian retail sales posted another solid increase in September thanks to spending on food, clothing and eating out with consumption staying surprisingly resilient in the face of…
Mexican tequila maker Cuervo sees improved sales growth
MEXICO CITY (Reuters) – Mexican distiller Becle , better known as the parent company of tequila brand Jose Cuervo, updated its 2022 full-year guidance on Friday, improving net sales estimates after posting…
U.S. pending home sales tumble in September
WASHINGTON (Reuters) – Contracts to buy U.S. previously owned homes fell for a fourth straight month in September as the housing market continued to buckle under the strain of higher mortgage rates.…
AbbVie misses sales estimates as Botox, Juvederm face slowdown jitters
(Reuters) -AbbVie Inc on Friday missed Wall Street estimates for quarterly sales, hurt by weaker-than-expected revenue from its popular facial filler Juvederm and blockbuster anti-wrinkle injection Botox. North Chicago, Illinois-based Abbvie’s shares…
BYD posts 350% jump in Q3 net profit on sales surge
SHANGHAI (Reuters) -China’s biggest electric vehicle (EV) maker BYD said its third-quarter net profit jumped 350% from a year ago, helped by a wider range of product offerings and strong sales that…
Car parts maker Valeo posts slight Q3 sales beat, confirms guidance
(Reuters) – French car parts maker Valeo on Thursday posted third-quarter sales slightly above expectations and confirmed its full-year guidance. Valeo, which specialises in the design, production and sale of components and…
Casino’s potential stake sale in Brazilian Assai ‘saves some time’
By Juliette Portala (Reuters) -French retailer Casino said on Thursday it had launched a study for the potential disposal of part of its stake in Brazilian cash-and-carry chain Assai as it looks…
Carlsberg CEO says inflation could hit beer sales in 2023
COPENHAGEN (Reuters) – Danish brewer Carlsberg has seen little evidence of rising inflation hitting beer sales, but that could change going into 2023 as brewers continue to raise prices, Chief Executive Cees…
Beiersdorf ups 2022 sales forecast on strong demand for skin care, Tesa products
BERLIN (Reuters) – Nivea maker Beiersdorf on Thursday raised its sales guidance for the full year after strong demand for its personal care and skin care as well as its Tesa products…
U.S. new home sales fall in September; prices remain high
WASHINGTON (Reuters) – Sales of new U.S. single-family homes dropped in September and data for the prior month was revised lower, more evidence that higher mortgage rates are choking the housing market.…
Mercedes-Benz: top-end, battery-electric sales hampered by supply bottlenecks – CFO
BERLIN (Reuters) – Mercedes-Benz expects top end vehicle sales to rise in the single digits and said battery-electric vehicle production was hampered by production bottlenecks this year as it released third quarter…
Germany’s Symrise hikes sales target on strong pet food, cosmetics demand
(Reuters) – German flavour and fragrance maker Symrise raised its outlook for full-year sales for the second time this year on Wednesday, after beating nine-month sales forecasts, citing rising demand in its…
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