Darden (DRI) CEO Gene Lee said there are too many restaurants and he’s hoping a few may shut down to draw some capacity out of the system “I’m hoping that more inventory will come out of the system. We’ve seen … Continued
Accenture (ACN) CEO Pierre Nanterme said revenue growth in North America & Europe was strong “In North America, we delivered 11% growth in local currency, driven by the United States where we have now delivered double-digit growth of five of … Continued
Costco (COST) CFO Rich Galanti said certain departments in their business are experiencing deflation “I had mentioned earlier we have recently seen a little pickup in the level of deflation overall. Some categories in the low to mid single-digits – … Continued
Blackberry (BBRY) CEO John Chen feels like the turnaround at the company is gaining traction “Coming out of Q2, I feel that we are reaching a good inflection point where our financial picture is stable and our pivot to software … Continued
Nike (NKE) CEO Mark Parker said fashion trends are currently smiling upon them as individuals continue to buy activewear “The activewear market continues to outpace the overall apparel and footwear market, which itself continues to outpace global GDP growth.” Nike … Continued
Patterson (PDCO) CEO Scott Anderson said animal production sector continues to rebound “Once again this quarter we executed well against stable to steadily improving market conditions across both our companion and production animal businesses. we saw improvement in swine end markets … Continued
Priceline (PCLN) CEO Jeff Boyd said the Chinese tourism market continues to be an area of immense importance for the company “The China outbound market continues to be a market that is large and growing and that we all view … Continued
Cognizant Technology Solutions (CTSH) CEO Francisco D’Souza said clients are slowing their spending on discretionary IT services “As we enter the second half of the year, we see certain macroeconomic factors as well as some softness in clients’ discretionary spending … Continued
John Deere’s (DE) Josh Jepsen said low agricultural commodity prices still hurting sales of agricultural equipment “Low commodity prices, weakening farming income and elevated used equipment levels in the U.S. and Canada are continuing to pressure demand for farm equipments … Continued
Ross Stores (ROST) CEO Barbara Rentler called out specific geographies as areas of strength “During the quarter, California and the Midwest were the strongest regions, while shoes and home were the best-performing merchandise categories at Ross. We also made some … Continued