Nike's business finally started to pick back up as parents stocked up on sneakers for their kids before back-to-school season amid the coronavirus pandemic.
U.S. delivery firm FedEx reported a bigger-than-expected quarterly profit on Tuesday, after price hikes, lower fuel costs and efficiency gains countered negative impacts associated with a pandemic-fueled surge in e-commerce shipments.
Peloton's fiscal fourth-quarter sales surged 172% to $607.1 million, the company announced Thursday, as its high-tech stationary bike and treadmill became two of the hottest commodities for people looking to work out at home during the coronavirus pandemic.
Rocket Companies, the parent of mortgage lender Quicken Loans, swung to a quarterly profit in its first results as a public company on Wednesday, driven by higher borrowings on the back of lower interest rates.
Zoom continues to benefit from the coronavirus pandemic after going public last year, and expectations are now higher for the remainder of the fiscal year.
Gap Inc. said Thursday its total sales tumbled 18% during the latest quarter, as e-commerce revenue surged 95% from a year ago, but those gains were offset by a 48% drop in store sales during the coronavirus pandemic.
The U.S. jeweler said worldwide sales in August so far were slightly higher than a year earlier, as the rebound in second-quarter revenues in China extended into the current quarter.
An adjustment to reflect a gain on investments helped Salesforce beat expectations, a day after the announcement that Salesforce would join the Dow Jones Industrial Average.
Dick's Sporting Goods reported eye-popping quarterly earnings and sales growth as consumers flocked to its website for hiking gear, kayaks, weights and workout clothes to stay busy during the coronavirus crisis.