Airbnb’s New York City Ban: What It Means for Investors
The new restrictions signal one of the biggest crackdowns yet on the travel platform.Not much can slow down Airbnb (ABNB 2.28%) these days, it seems. Months of rumors of an “Airbnbust” failed to sap the vacation giant’s growth, nor have sustained weakness in consumer spending, concerns about inflation, or the possibility of a recession. Now,…
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International business and accessories growth fuel Lululemon sales
Accessories and new market entries are keeping Lululemon customers coming back. On Thursday, the company reported its 2023 second quarter earnings, in which revenue jumped by 18% year-over-year to $2.2 billion, while same-store sales increased 11%. Lululemon’s quarterly profit hit $341.6 million, compared to $289.5 million the same period last year.
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Look Past the Retail Doom and Gloom. There Are Still Some Winners.
Many retail stocks have been ravaged amid a tempestuous earnings season.
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Home Depot customers go big on smaller projects
Home Depot customers are still shopping — they’re just shifting their priorities on improvement projects. “Our customers and our contractors tell us that there is some stance of deferral when it comes to large projects. Customers are opting for smaller versus larger,” Home Depot CFO Richard McPhail said during Tuesday’s earnings call. “We are also…
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Restaurant Brands results beat estimates as Burger King bounces back
Restaurant Brands International (QSR.TO) topped market estimates for quarterly results on Tuesday, signaling its Burger King turnaround plans were bearing fruit, with the chain drawing more customers through improved marketing and new technology at its outlets. Having previously struggled to drive sales in the U.S., Burger King is now ramping up investments in restaurant remodels,…
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Starbucks misses quarterly sales estimates, sees lasting China rebound
Starbucks (SBUX.O) missed market expectations for quarterly comparable sales on Tuesday, with demand for its coffees and cold drinks showing some signs of tapering in the North American and international markets even as China sales rebounded sharply. The world’s largest coffeehouse chain has targeted its younger, wealthier U.S. customer base by launching new drinks and…
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