DoorDash Inc (DASH.N) reported quarterly revenue on Wednesday that beat estimates as food delivery demand showed no sign of slowing, indicating ordering habits have changed permanently, sending the company’s shares up 24% after the bell. Analysts have said people have grown accustomed to having food delivered to their doorsteps after frequently ordering in during the…
Tonal, known for its $2,995 at-home gym, is using a Super Bowl ad to make a point to women that they can use strength training equipment just like men. A new campaign starring tennis champion Serena Williams, who was also an early Tonal investor, aims to debunk the idea that women will get “very muscular”…
Beleaguered fitness company Peloton said Tuesday it will replace CEO and co-founder John Foley as the brand seeks to win back market and consumer confidence. Barry McCarthy, who has held leadership roles at Spotify and Netflix, will become the new CEO, effective Wednesday, the company announced. “Today’s leadership changes are the culmination of a succession…
Major aggregators are rolling out white labels, subscription programs and new data tools to keep partner restaurants and delivery customers as more diners order from operators directly. Over the past two years, third-party delivery aggregators made a feast of the pandemic environment that threatened so many restaurant operators with famine.
M Science updates on current trends with Shopify (SHOP+0.8%) amid the holiday shopping season.Overall, the data tracking firm says moderating subscriber growth is being offset by increased gross merchandise volume.M Science analyst Parker Snook and team set a Q4 revenue estimate for SHOP ahead of consensus, driven by upside in merchant solutions and GMV.The firm’s…
The secretive clan behind the Dillard’s department store chain has a reputation for avoiding reporters, refusing to hold earnings calls and dodging investor queries about their results. So low-profile and seemingly unambitious with respect to their peers, they are sometimes called “the Dullards.” But there is nothing dull about the family fortune, which is suddenly…
Stitch Fix is about as polarizing to investors right now as low rise jeans are to consumers. The online styling company reported solid earnings Tuesday for the period ended Oct. 30, with revenue and adjusted earnings before interest, taxes, depreciation and amortization coming in above Wall Street’s estimates. But active clients of just 4.18 million…
Lululemon (LULU+3.6%) is tapped by Baird to meet or exceed FQ3 earnings as the firm tracked sales and markdown trends at the athleisure retailer. Further, data research company M Science estimates that FQ3 revenue grew at 32% Y/Y vs consensus of 28% growth.“We are reassured that LULU can deliver FQ3 results at least in line…
The cruise line sector has taken a battering over the last four weeks after the emergence of the Omicron COVID variant pushed back the timeline once again on when operators can sail at 100% capacity.M Science updates on trends on the cruise line sector. Analyst Michael Erstad and team note that Q4 cumulative bookings through…
M Science lifts estimates on Macy’s (M+0.7%) after noting strengthening trends in Q3 on a rebound in October driven by both online and brick and mortar.Analyst Matthew Jacob points to Kids’ and juniors’ products share increasing for Macy’s indicating a strong back-to-school season. In addition, Macy’s (NYSE:M) market spend share is also noted to be…