"These are unprecedented times for the country, the retail landscape and Macy's," Chief Executive Officer Jeff Gennette said. Macy's, like many retailers, has had to close its stores, furlough employees, suspend dividend and tap into credit facilities to survive the financial hit caused by the lockdowns. It would report some preliminary first quarter financial results in June....
1-800-Flowers.com CEO Chris McCann joins Yahoo Finance to discuss how his company has navigated the challenges posed by the coronavirus pandemic, as well as his outlook for the floral and gift-giving industries. ...
(Bloomberg) -- Dropbox Inc. reported its first-ever net income, in a quarter when demand for cloud software was bolstered by a shift to working from home.Earnings in the first quarter were $39.3 million, or 9 cents a share, the San Francisco-based company said in a statement on Thursday. Sales rose 18% to $455 million. Analysts on average had projected a net loss of 3 cents and revenue of $452.2 million. Dropbox has exceeded analysts’ estimates for sales and profit every quarter since going public in March 2018, according to data compiled by Bloomberg.The milestone caps years of work by Dropbox to cut costs and add paying customers for its software, which lets users sync and share files via the internet. Demand for Dropbox’s services also got a boost as coronavirus-related lockdowns forced employees to work from home, providing a greater need for cloud services to help workers collaborate and pass files...
Yahoo Finance's Myles Udland and Jen Rogers break down Roku's Q1 results, which saw top-line growth and a spike in streaming hours during the coronavirus pandemic. ...
When travelers buy fewer plane tickets, Spirit Airlines typically lowers its prices, offering unbeatable deals — like $19 per one-way ticket — to get customers off the couch and onto its airplanes. It's the key piece of the low-cost-carrier playbook, and it almost always works. The strategy even proved useful for Spirit in early March, […]...
Uber announced its first-quarter earnings report after hours on Thursday, announcing a quarterly loss of nearly $3 billion, its biggest loss in three quarters. The company's Eats bookings were up more than 50% year-over-year amid increased demand for deliveries. Yahoo Finance’s Myles Udland breaks down Uber’s earnings report....
