With demand falling across the board, Starbucks reported a fall in same-store sales for the first time in nearly three years, sending its shares down 8% in extended trading. "In a highly challenged environment, this quarter's results do not reflect the power of our brand," CEO Laxman Narasimhan said. Demand in the United States decelerated for a second straight quarter as boycott movements impacted traffic at its stores, while a choppy macro environment weighed on demand for its pricier...
(Reuters) -Harley-Davidson on Thursday reported a 23% decline in first-quarter profit, hurt by slowing motorcycle sales as high borrowing costs deter potential buyers from making expensive purchases, sending its shares down 18% in afternoon trade. The company also reaffirmed its full-year revenue growth forecast of flat to down 9% for its motorcycle business and an operating income margin of between 12.6% and 13.6%, the top end of which was in line with the year-earlier number. "We're really...
Apple recorded a double-digit decline in its Chinese market share growth in Q1 2024. This came despite Chinese smartphone sales growing by 1.5% year-over-year in the quarter, with vivo at the top.
The move comes after the firm reported a sharp fall in deliveries in the first three months of 2024.
Several years after a buying frenzy, the yachting industry is seeing a sudden rush of pre-owned yachts hit the brokerage market.
Apple’s struggles in China continue, according to new data from research firm Canalys. This data indicates that not only did Apple fall out of first place in China for smartphone shipments in Q1 2024, it fell all the way to fifth place. more
New data on property sales revealed a post-Brexit fall in the number of Brits buying second homes in France - but estate agents say that UK buyers are still a big force, but now they're more likely to move to France than buy a holiday home here.
Tesla profits fell 55% to $1.13 billion in the first quarter from the same year-ago period as a protracted EV price-cutting strategy and “several unforeseen challenges” cut into the automaker’s bottom line. Tesla reported revenue of $21.3 billion in the first quarter, a 9% drop from the first quarter of 2023. Analysts polled by Yahoo Finance […] © 2024 TechCrunch. All rights reserved. For personal use only.
Shares are up despite a revenue decline of 9% after company said it expects
Apple saw sales of its iPhones fall 19.1% in the first three months of the year, according to data from Counterpoint Research.
Recent data over a seven-day period ending April 21, 2024, shows that non-fungible token (NFT) sales have declined by 25.48%, totaling approximately $236.96 million. Bitcoin dominated the NFT market this week, contributing $111.8 million to the overall sales since April 14. NFT Sales Tumble This week, NFT revenues fell 25.48% compared to the previous week. […]
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