Snap Eyes Older Audiences with ‘Simple Snapchat’ as Pressures Mount
Snap wants to win over new, older users – again. After years of criticism over its steep learning curve, Snap is trying to make its 13-year-old app more user friendly with an interface overhaul announced in September. The redesign is called Simple Snapchat. “For...
Lululemon faces low expectations for Q3 earnings
Lululemon Athletica Inc is set to report third quarter earnings in early December, as investors watch for signs of a further slowdown in the company’s North American business. On average, analysts predict Lululemon to post a revenue of $2.36 billion in this past...
Peloton tries to pedal its way back to the top and appoints new CEO
Peloton Interactive Inc. is betting that a new chief executive officer, the co-founder of Apple fitness will be able to attract new consumers and retain old ones through software innovation and return the company to its pandemic-era profitability. After almost five...
Ulta aims to expand its definition of beauty
When Ulta Beauty CEO David Kimbell took to the stage at the company’s investor day on Oct. 16, he knew he had to address the company’s recent profitability disappointments. His solution: to expand the definition of beauty itself. Ulta executives announced that it...
AT&T’s Stock Gets a Boost After the Positive Q3 Earnings Report Outlook.
AT&T brought in more mobile subscribers than Wall Street expected in the third quarter, sending shares higher. The telecommunications company reported on Wednesday morning that it added 403,000 new monthly wireless phone subscribers in the last quarter, more than...
Robinhood’s earnings misses the mark, but not for the reason you think: High incentives numbers offset Robinhood’s revenue for 3Q
Robinhood’s third-quarter earnings were less than impressive, and its stock tumbled as investors took the deflated numbers as a warning sign that profits will be hard to grow. But executives say the lower than expected numbers aren’t as bad as they seem, temporary...
Eli Lilly stock falls 13% after disappointing sales for Mounjaro and Zepbound in the third quarter
Eli Lilly lowered its revenue forecasts for the full year after an inventory drawdown by wholesalers weighed on sales for blockbuster weight loss and diabetes drugs. The stock fell 13% when markets opened on Wednesday. Both Mounjaro and Zepbound missed...
Eli Lilly races to fend off competitors in weight-loss drug market
Eli Lilly bulks up on supply and lawsuits to ward off competition in the booming weight loss market
How Progressive’s quick response to record-high auto insurance inflation made it an industry titan
Over the past two years, car insurance prices have risen at the quickest rate since the 1970s. When drivers got angry and sought policies elsewhere, one company was ready and waiting with competitive rates. Progressive raised premiums before auto insurance inflation...
Hoka Built the Honda Civic of Running Shoes, Not the Ferrari. It’s Working for Deckers.
Chunky, dorky, dad-like, and highly profitable. Hoka’s most popular shoes, the Bondi and Clifton, have a broad appeal for runners and non-runners, fueling the brand’s success. Hoka’s sales have increased 35% in the last year, driving parent company Deckers Outdoor...