The two fashion conglomerates, Tapestry and Capri Holdings, generate about $12 billion in combined revenue.
Category: Company Reports
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How Long Will Companies Keep Raising Prices on Consumer Goods?
As companies reported their latest quarterly earnings, their executives were frequently asked about their next moves on pricing.
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For Disney, Streaming Losses and TV’s Decline Are a One-Two Punch
The company has lost more than $11 billion on streaming since 2019 and experienced a sharp decline in its traditional TV business for the second straight quarter.
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WeWork Cites ‘Substantial Doubt’ That It Can Stay in Business
The co-working company will seek to raise capital as it searches for a chief executive. Its battered stock plunged further.
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New York Times Revenue Rises 6.3%
The company added 180,000 new digital subscribers in the latest quarter, and now has nearly 10 million subscribers in total.
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Saudi Aramco Reports $30 Billion in Profit for Latest Quarter
It was a steep fall from last year’s record profit, but still enough for the company to introduce additional dividend payments and increase capital investment.
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Berkshire Hathaway Posts Quarterly Profit of Nearly $36 Billion
A rebound in performance at the Geico car insurer helped offset declines in the conglomerate’s freight railroad business.
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Big Tech Rebounds and Preps for Transformative A.I. Investments
As the tech giants found their financial footing last quarter, they doubled down on artificial intelligence, which has been a boon to companies like Nvidia.
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Shares of Carl Icahn’s Firm Tank After Dividend Is Cut
Bowing to pressure from a short seller, Mr. Icahn halved his company’s quarterly dividend and said he would return to the style of investing that made him famous.
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Apple’s and Amazon’s Report Cards for the Global Economy
The companies’ latest earnings reports provide insight into the state of consumers and businesses, including where they’re willing to spend — and cut costs.
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Amazon Posts 11% Rise in Revenue as Growth Improves
The retailer also swung to a profit in the second quarter.