McCormick & Co Inc. beat first-quarter sales and profit expectations last week as the Cholula sauce maker benefited from multiple prices increases. The Maryland-based food company had been raising prices of its products, including spices, blends, and seasonings to help offset costs pressure from pandemic-induced supply chain disruptions and higher labor charges. The company’s gross…
McCormick Beats Quarterly Estimates on Higher Prices, Reiterates Outlook
JPMorgan Profit Beats Estimates on Gains From Higher Interest Rates
JPMorgan Chase & Co. reported a smaller-than-feared drop in third-quarter profit on Friday, as a rise in interest income cushioned a blow from higher loan loss provisions and a slump in dealmaking due to a worsening economic outlook. Shares of the largest U.S. bank rose nearly 4 percent after the results, which are being closely…
Hasbro Misses Profit Estimates, Warns of $100 Million Russia Hit
April 20, 2022
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Toymaker Hasbro Inc. on Tuesday missed Wall Street estimates for quarterly profit and warned of a potential revenue hit of about $100 million this year due to Russia’s invasion of Ukraine. Hasbro’s shares fell 2 percent to $81.80 in low-volume premarket trading as a jump in freight and raw material costs bit into the company’s…
Nike Warns on Holiday Delays, Cuts Full-Year Sales Estimate
September 24, 2021
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Nike Inc. on Thursday cut its fiscal 2022 sales expectations and said it expects delays during the holiday shopping season, blaming a supply chain crunch that has left it with soaring freight costs and products stuck in transit. Months-long factory closures in Vietnam, where about half of all Nike footwear is manufactured, have piled more…
Boeing Lifts China Jet Demand Estimate Over 2 Decades to $1.47 Trillion
September 23, 2021
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BEIJING—Boeing Co. raised its forecast slightly on Thursday for China’s aircraft demand for the next 20 years, betting on the country’s quick rebound from COVID-19 and future growth in its budget airline sector and e-commerce. Chinese airlines will need 8,700 new airplanes through 2040, 1.2 percent higher than its previous prediction of 8,600 planes made…
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