Many U.S. companies said China’s recovery helped their quarterly sales, but demand did not pick up as quickly as expected for some. Starbucks, Disney, MGM Resorts and Procter & Gamble are among the companies that reported increased sales in China. But companies are still waiting to see the same recovery in travel retail. Pedestrians walk … Read more
“Put simply, we are in a freight recession.” That line, uttered last Monday by Shelley Simpson, president of JB Hunt (JBHT), the fourth-largest trucking company in the United States, was the most memorable of the real first week of the earnings season. The line that preceded it – “we are in a challenging freight environment … Read more
In this photo illustration a Procter and Gamble logo displayed on a smartphone with stock market percentages in the background. Omar Brands | Light flare | Getty Images Check out the companies making headlines before the bell: Procter & Gamble Company — Shares gained about 1.5% premarket after the consumer goods giant’s earnings and revenue … Read more
