The company’s shares closed nearly 5 percent lower on April 24. News Analysis PepsiCo joined the chorus of consumer products companies reporting weak sales for the first quarter amid a pullback in consumer spending across almost every market segment. Its shares lost ground on Wall Street while the rest of the market rallied. On April
U.S. stocks rallied further as better-than-expected profits for U.S. companies piled up, though CEOs say they’re unsure whether it will last because of uncertainty created by President Donald Trump’s trade war. The S&P 500 jumped 2 percent Thursday for its third straight day of big gains. The Dow Jones Industrial Average added 1.2 percent, and
Revenues rose across the board, from YouTube ads to Google Cloud. Shares of Alphabet, the parent company of Google and YouTube, surged in extended trading after the tech juggernaut beat Wall Street estimates with a big first-quarter earnings report. In its April 24 quarterly earnings numbers, the company registered revenues of $90.23 billion, up 12
American Airlines Group had a bumpy ride in the first quarter as losses continued to pile up for the nation’s largest airline due to myriad issues that have hammered the company’s stock and diminished the carrier’s global operations. During a conference call with analysts on April 24 to highlight the company’s first-quarter results, American Airlines
The company is optimistic that its plans will help transactions turn positive by the second half of the year. Chipotle’s same-store sales declined in the first quarter for the first time since the COVID-19 pandemic, as consumers appear to be cutting back on spending to save money amid economic uncertainty. Despite price hikes, the company
The company intends to sell some of its real estate and stop issuing dividends. Restaurant chain Jack in the Box Inc. will shut down hundreds of outlets, and is also looking at potentially selling off its Del Taco brand of stores, the company said in an April 23 statement. “Jack in the Box will implement
‘It’s a strange time in the logistics world,’ one industry expert said. A slowdown in U.S.–China trade activity amid tariff tensions is starting to show up in industry data. Beginning in 2025, companies ramped up their imports from China to avert the White House’s looming tariffs. The front-running trend had been prevalent across trade data.
PepsiCo warned about increased supply chain costs, forecasting earnings per share to fall by 3 percent this year. Keurig Dr Pepper saw net sales of $3.64 billion in the first quarter—a 4.8 percent increase from the first quarter of 2024—the company said in an April 24 statement. Diluted earnings per share (EPS) rose by 15.2
The median home sales price continued to grow at 2.7 percent year over year to a new national median of $403,700, an all-time high for the month of March. Existing single-family home sales across the United States fell by 5.9 percent in March from February—the steepest monthly drop since November 2022—and were down 2.4 percent
Orders for long-lasting goods were the highest since this past summer. Solid demand for transportation and companies’ “front-running” U.S. tariffs contributed to a spike in durable goods orders in March. New Census Bureau data show that orders for manufactured goods soared by 9.2 percent, to $315.7 billion, last month, up from a 0.9 percent increase