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October 22, 2021

SALES

Chipotle earnings crush estimates as sales jump 22%, higher menu prices offset rising costs

CNBC
CNBC – For more and to sign up click here A customer carries a Chipotle Mexican Grill Inc. bag outside a restaurant in San Francisco, California, U.S., on Monday, July 20, 2020. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill on Thursday reported quarterly earnings that crushed......

Sales of existing homes rose in September, likely due to a brief decline in mortgage rates

CNBC Real Estate
A home, available for sale, is shown on August 12, 2021 in Houston, Texas. Brandon Bell | Getty Images Sales of previously owned homes increased 7% to a seasonally adjusted annualized rate of 6.29 million units in September, according to the National Association of Realtors. The organization’s chief economist, Lawrence......

Nestle raises sales growth outlook, plans for more pricing actions

FoodBusinessNews
VEVEY, SWITZERLAND — Organic sales growth and rising input costs should continue to impact financial results for Nestle SA through the rest of this fiscal year and into 2022 as well. Nestle executives, when giving results for the year’s first nine months on Oct. 20, said they now expect organic......

Chip shortage tanks GM’s third quarter sales

CNBC
CNBC – For more and to sign up click here An American flag flies at a Chevrolet dealership on August 4, 2021 in Glendale, California. In spite of a computer chip shortage, General Motors (GM) posted a $2.8 billion net profit in the second quarter. Mario Tama | Getty Images......

U.S. auto sales forecast to plummet in third quarter as chip shortage plagues industry

CNBC
CNBC – For more and to sign up click here Honda Motor Co. vehicles at an AutoNation car dealership in Fremont, California, U.S., on Monday, Feb. 15, 2021. AutoNation Inc. is scheduled to release earnings figures on February 16. David Paul Morris | Bloomberg | Getty Images DETROIT – U.S.......

Lawmakers aim for blockbuster overhaul of war powers, arms sales

Politico
Politico.com – For more and to sign up click here “Congress must reassert its role in national security decisions, especially those that impact our servicemembers,” Meijer added. “The National Security Reforms and Accountability Act will put Congress back in the driver’s seat so we can deliver on our duty to......

Bed Bath & Beyond shares dive more than 25% as supply chain issues hit sales, inflation eats into profits

CNBC
CNBC – For more and to sign up click here People walk out of a Bed Bath & Beyond store amid the coronavirus disease (COVID-19) pandemic in New York, January 27, 2021. Carlo Allegri | Reuters Bed Bath & Beyond shares tanked more than 28% in premarket trading Thursday as......

H&M’s September sales dented by supply delays after profit tops pre-pandemic level

Reuters
H&M reports Q3 pretax profit of 6.1 bln SEK Sector recovering from slump as restrictions ease Global supply issues meant demand not fully met in September Shares unchanged STOCKHOLM, Sept 30 (Reuters) – Supply disruptions hampered H&M’s (HMb.ST) sales in September, the Swedish retailer said on Thursday, after its June-August......

U.S. pending home sales jump to seven-month high; mortgage applications fall

Reuters
Real estate signs advertise new homes for sale in multiple new developments in York County, South Carolina, U.S., February 29, 2020. REUTERS/Lucas Jackson//File Photo Pending home sales increase 8.1% in August Contracts rise in all four regions Applications for home purchase loans fall last week WASHINGTON, Sept 29 (Reuters) –......

Pending home sales surged more than expected in August after two months of declines

CNBC
CNBC – For more and to sign up click here A for sale sign shows the home as being “under contract” in Washington, DC, November 19, 2020. Saul Loeb | AFP | Getty Images Signed contracts to buy existing homes increased 8.1% month to month in August, according to the......

Critical chip machine maker ASML predicts a sales boom over the next decade

CNBC
CNBC – For more and to sign up click here ASML Holding Semiconductor company logo seen displayed on smart phone. ASML is a Dutch company and currently the largest supplier in the world of photolithography systems for the semiconductor industry. ( SOPA Images | LightRocket | Getty Images ASML has......

ASML hikes financial forecasts, sees sales of $28-35 bln by 2025

Reuters
AMSTERDAM, Sept 29 (Reuters) – ASML Holding NV (ASML.AS), one of the key suppliers to computer chip makers, increased its financial forecasts on Wednesday and said it would have revenue growth of around 11% annually through 2030 amid booming demand for its products. In a pre-market statement, the company estimated......

Natural and organic sales approaching $300 billion

FoodBusinessNews
PHILADELPHIA — The natural products industry has the size, scale and influence to create positive impact for people and the planet, said Carlotta Mast, senior vice president at New Hope Network. Sales of natural and organic products, including food and beverage, supplements, household and personal care categories, are on track......

Google to slash amount it keeps from sales on its cloud marketplace- CNBC

Reuters
A sign is pictured outside a Google office near the company’s headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Paresh Dave/File Photo Sept 26 (Reuters) – Alphabet Inc’s (GOOGL.O) Google will take a smaller cut when customers buy software from other vendors on its cloud marketplace, CNBC reported on......

Google is slashing the amount it keeps from sales on its cloud marketplace as pressure mounts on app stores

CNBC
CNBC – For more and to sign up click here Thomas Kurian, chief executive officer of cloud services at Google LLC, right, speaks as Alpna Doshi, group chief information officer of Philips, listens during the Google Cloud Next ’19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019.......

Russia’s Gazprom is ready to boost gas sales to Europe – Ifx cites Kremlin

Reuters
The logo of Gazprom company is seen at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, June 2, 2021. REUTERS/Evgenia Novozhenina/File Photo MOSCOW, Sept 26 (Reuters) – Russian energy giant Gazprom (GAZP.MM) is ready to increase gas supplies to Europe, Interfax news agency cited a Kremlin spokesman......

U.S. new home sales beat expectations; supply near 13-year high

Reuters
New home sales increase 1.5% in August; July revised up Median sales price rises 20.1% from year ago WASHINGTON, Sept 24 (Reuters) – Sales of new U.S. single-family homes increased for a second straight month in August, but demand for housing has probably peaked after a COVID-19 pandemic-fueled buying frenzy.......

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