Category: Company Reports

Adidas Tumbles as Losses From Its Kanye West Venture Pile Up

The New York Times – Fashion & Style:
Shares in the German sportswear brand fell sharply on Friday as the company grapples with a mountain of unsold Yeezy merchandise.
Big Brands Keep Raising Prices, With Limited Shopper Resistance

The New York Times – Business:
Consumers continue to absorb significant price increases by PepsiCo, Unilever and others. The companies say that prices will remain high in the months to come.
Activist Disney Investor Declares End to Battle for Board Seat

The New York Times – Business:
The move by Nelson Peltz came a day after the company’s C.E.O., Bob Iger, announced a restructuring that will cut $5.5 billion in costs and eliminate roughly 7,000 jobs.
With Traditional TV in Free Fall, Disney Looks to Cut Costs

The New York Times – Business:
In the company’s first earnings report since Bob Iger returned as C.E.O., it exceeded Wall Street’s expectations. But thousands of employees are expected to be laid off.
The New York Times Company Reports 11% Rise in Revenue

The New York Times – Business:
The company said it added more than a million digital subscribers in 2022, bringing its total number of paying subscribers to 9.6 million.
Uber Reports Record Revenue as It Defies the Economic Downturn

The New York Times – Business:
The company, which was hit hard in the early stages of the pandemic, saw revenue jump 49 percent from the same period a year ago.
Zoom to Lay Off 1,300 Workers, Joining Other Tech Giants

The New York Times – Business:
The company is cutting 15 percent of its work force, or about 1,300 jobs, citing “the uncertainty of the global economy.”
BP, in a Reversal, Says It Will Produce More Oil and Gas

The New York Times – Business:
The company said global concerns about energy security prompted the change, as it reported record profits for 2022.
Disney’s Iger Returns to Familiar Stage, but With Different Challenges

The New York Times – Travel:
The company reports quarterly earnings on Wednesday, and Wall Street is expecting it to lay out a new streaming strategy and operating structure.
Tech Earnings Disappoint Investors as Giants Stress Cost Cuts

The New York Times – Business:
Apple, Amazon and Alphabet all reported disappointing quarterly results, as they emphasized efforts to cut costs in the face of an economic slowdown.
Tech’s Biggest Companies Discover Austerity, to the Relief of Investors

The New York Times – Business:
After years of expansion and billions in profits, Big Tech is pulling back from its famously lavish spending as a long boom finally ends.
Amazon Reports Almost No Profit and Slowing Growth

The New York Times – Business:
The company indicated the slowing growth and tight margins would continue in the first three months of this year.