The members club operator disclosed improving financial results as it faces criticism from a short seller and weighs going private again.
Category: Company Reports
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Soho House Seeks to Knock Back Its Critics
The members club operator disclosed improving financial results as it faces criticism from a short seller and weighs going private again.
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New York Community Bank Reports $2.4 Billion More in Losses as C.E.O. Resigns
The lender said its earnings were far weaker than it had earlier stated, and it disclosed the discovery of “material weaknesses” in its internal controls.
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Wendy’s Plans to Introduce Surge Pricing
The company plans to introduce dynamic pricing as early as 2025 along with digital menu boards that would reflect price changes, Wendy’s chief executive said during a February earnings call.
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Macy’s Will Close 150 Stores but Expand Bloomingdale’s and Bluemercury
The retailer, under a new chief executive and facing a takeover bid, outlined a three-year strategy to achieve “sustainable, profitable growth.”
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Berkshire Hathaway Reports Profit of $97 Billion Last Year, a Record
The conglomerate saw major gains in its insurance operations and in investment income. But revenues at its railroad and utility businesses declined from 2022.
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Nvidia Earnings Show Soaring Profit and Revenue Amid AI Boom
The A.I. chip maker’s revenue more than tripled, and profits rose ninefold. It also projected that its revenue would more than triple again.
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Walmart Reports Rising Holiday Sales as Shoppers Seek Value
The number of transactions at the retail giant rose 4.3 percent but the average ticket price decreased by 0.3 percent, a sign that shoppers spent a little less during shopping trips.
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Airbus Pulls Further Ahead of Boeing in Global Plane Rivalry
The European aerospace giant said it would deliver 800 planes this year, including its A320neo, which competes with Boeing’s troubled 737 Max.
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Disney Has ‘Turned the Corner’ After a Strong Quarter, Iger Says
The company, facing pressure from activist investors, surpassed expectations for earnings and slowed its streaming losses.
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New York Times Co. Adds 300,000 Digital Subscribers in Quarter
At the end of the year, The Times had 10.36 million subscribers, 9.7 million of them digital-only.
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Ford Reports Quarterly Loss but Says Sales Grew
Ford Motor attributed the loss in the fourth quarter to charges related to pension plans and a restructuring of overseas operations.