Kraft Heinz targets $2 billion in cost cuts over 5 years, sees long-term organic net sales growth of 1% to 2%
Kraft Heinz is looking to capitalize on consumers' rediscovered interest in store-bought mac and cheese and Ore-Ida french fries as it...
Earnings
FedEx profit, revenue beat as pandemic drives e-commerce bounce
A FedEx worker unloads packages from his delivery truck on March 31, 2020 in Washington, DC.Drew Angerer | Getty Images...
Oracle’s stock jumps as company returns to growth
Oracle CEO Safra Catz delivers a keynote address during the Oracle OpenWorld conference on September 17, 2019 in San Francisco....
Peloton crushes estimates as sales surge 172%, expects strong demand to continue into 2021
Peloton said Thursday its fiscal fourth-quarter sales surged 172%, as its high-tech stationary bike and treadmill became two of the hottest...
Lululemon quarterly sales top expectations, CEO ‘cautiously optimistic’ for rest of 2020
Lululemon Athletica store logo and sign in Philadelphia.Gilbert Carrasquillo | Getty ImagesLululemon on Tuesday reported surprise revenue growth, despite lockdowns during...
Slack shares plunge as growth stays steady with no coronavirus spike
Stewart Butterfield, co-founder and chief executive officer of Slack Technologies Inc., speaks during an event in San Francisco, California.David Paul...
Quicken Loans parent swings to profit in first results since IPO
The Rocket Mortgage by Quicken Loans app is displayed on a smartphone Aug. 6, 2020.Gabby Jones | Bloomberg via Getty...
Macy’s swings to a loss, but shares rise as stronger-than-expected online growth boosts sales
Macy's got a bigger-than-expected boost online during the latest quarter, even as its stores started to reopen during the coronavirus pandemic. The...
Zoom revenue more than quadrupled from last year
Eric Yuan, founder and chief executive officer of Zoom Video Communications Inc., center, celebrates during the company's initial public offering...
Gap swings to a loss as sales drop 18%, says strong online sales softened the blow from closed stores
Gap Inc. said Thursday its total sales tumbled 18% during the latest quarter, as e-commerce revenue surged 95% from a year...
