Nike sales rise, but supply chain issues and inventories weigh on earnings
Nike said its revenue rose in its fiscal first-quarter despite supply-chain volatility, while swollen inventories weighed on its profit.
Bed Bath & Beyond reports 28% drop in sales as it presses ahead with turnaround plan
Bed Bath & Beyond's results didn't reflect the struggling, debt-laden retailer's turnaround plan, which it announced in August.
Lego sales jump 17% in first half of 2022, boosted by Star Wars and Harry Potter sets
Lego revenue jumped 17% during the first six months of 2022, boosted by top-selling building set tie-ins with Star Wars and Harry Potter.
FedEx hikes package rates, details cost cutting as demand weakens globally
FedEx announced rate hikes and detailed its cost-cutting efforts after warning last week it was seeing demand weaken globally.
Olive Garden parent Darden stands by outlook after mixed quarterly results
Darden Restaurants reported mixed quarterly results but still reiterated its outlook for fiscal 2023.
FedEx shares sink after company cites weakening global demand
Shares of FedEx sank Friday morning after the company withdrew its full-year guidance and cited weakening global demand.
Oracle reports 18% revenue growth after Cerner deal closes
Oracle said electronic health-record software maker Cerner contributed $1.4 billion to quarterly revenue.
GameStop reports wider loss, announces partnership with crypto exchange FTX
GameStop said quarterly sales declined and losses widened, as its inventory of video game equipment and more swelled.
Nio reports wider second-quarter loss despite increase in EV shipments
Nio's second-quarter loss widened, but the company expects higher production and deliveries in the third quarter.