Zoom Video Communications Inc warned on Monday its gross margins would remain under pressure going into 2021 as the surging number of free users of its video conferencing service makes it hard to offset a spike in costs to maintain its growth.
Macy's Inc reported a more than 20% drop in quarterly comparable sales on Thursday and said it expects declines of that magnitude to continue in the fall, signaling a tough holiday season for the coronavirus-battered department store chain. | Video
Home Depot Inc said on Tuesday it will spend about $1 billion more on employees' wages annually as the home improvement chain benefits from a sustained surge in demand for tools and building materials due to the COVID-19 pandemic. | Video
McDonald's Corp said on Monday it would test a loyalty program for customers and launch a new crispy chicken sandwich next year as it refocuses its long-term strategy to look beyond the COVID-19 pandemic. | Video
Nov 5 Versace owner Capri Holdings Ltd
beat second-quarter revenue and profit estimates on Thursday,
buoyed by strong demand for its luxury apparel and accessories
in China and surging online sales.
Clorox Co reported its strongest quarterly sales growth in more than two decades on Monday and raised its full-year revenue forecast as coronavirus-driven hygiene needs escalated demand for everything from its disinfectants to water filters.
Ralph Lauren Corp warned on Thursday that a new wave of COVID-19 cases could hurt its sales recovery in North America and Europe, with consumer demand likely to be pressured for the rest of the year.
Hasbro Inc reported a 4% fall in adjusted revenue on Monday as delays in movie and TV show production hit its entertainment unit, taking the shine off its thriving board game business and allowing Mattel to catch up to its larger rival. | Video