PepsiCo Inc's quarterly revenue and profit beat Wall Street estimates on Tuesday, boosted by higher sales of its traditional Pepsi soda as well as snacks Lay's and Dorito chips. | Video
* Canopy shares reverse course after falling about 5%
(Adds analysts' comments, details on Linton's 2018
The first half of 2019 was expected to be a boon for U.S. retailers, buoyed by solid consumer sentiment at home and expansion in China - the market many of them have targeted for the future.
Nike Inc is "very concerned" about a rape accusation against Brazilian soccer star Neymar, the world's largest sportswear maker said on Thursday, raising questions about its sponsorship of one of the sport's most famous players.
Beyond Meat Inc, a maker of plant-based burgers and sausages, said it expects to more than double its revenue and report breakeven EBITDA this year, sending the its shares up over 21 percent.
Costco Wholesale Corp on Thursday reported quarterly profit and revenue that beat Wall Street estimates and said it would tackle the proposed round of tariffs on Chinese imports by sourcing goods from other countries and possible price increases.
May 30 Costco Wholesale Corp on
Thursday reported quarterly profit and revenue that beat Wall
Street estimates and said it would tackle the proposed round of
tariffs on Chinese imports by sourcing goods from other
countries and possible price increases.
PVH Corp cut its annual profit forecast by 10 cents a share on Wednesday as the Calvin Klein and Tommy Hilfiger brands owner grapples with tariffs and slowing retail growth, exacerbated by weak spending from overseas shoppers in the face of a strong U.S. dollar, sending its shares down 12% after hours.
LONDON An investor group managing some $5 trillion said it was pleased with the steps taken by fast-food companies to cut the use of antibiotics in their products and will continue to monitor firms as its three-year-long engagement comes to an end.