CNBC Earnings

Lululemon reported a first-quarter sales decline of 17%, as its strong digital business wasn't enough to offset the losses from its stores being temporarily shut due to the coronavirus pandemic.

Starbucks expects to swing to a loss in its fiscal third quarter as the company predicts it lost as much as $3.2 billion in revenue due to the pandemic.

Yum Brands said Tuesday that Taco Bell's U.S. same-store sales have declined by high-single digits so far in the quarter.

During a virtual fireside chat with Cowen & Co. analyst Oliver Chen, Macy's Chief Financial Officer Felicia Williams said the company does not expect sales trends to normalize until 2021 or possibly 2022.

The U.S. jewelry maker said Tuesday in an earnings release that its same-store sales were down about 44% in the fiscal first quarter, but said demand has picked up again in China.

Stitch Fix on Monday reported a quarterly sales decline of 9%, and a wider-than-expected net loss.

Slack reported that it grew revenue 50% during the quarter, compared with 49% last quarter, on an annualized basis.

"Guidance is a bad business. We're out. We're not doing it anymore," the billionaire businessman told CNBC.

Broadcom forecast current-quarter revenue, the mid-point of which was slightly below Wall Street estimates as its chip business was weighed down by the impact of the coronavirus crisis on global supply chains.

Slack's revenue growth slightly picked up as coronavirus sent people home from work.

Gap Inc.'s first-quarter sales fell 43%, the clothing maker reported Thursday, as its stores were shut for much of the period due to the coronavirus pandemic.

Zoom has been a darling of the work-from-home culture brought on by coronavirus, and the company's revenue growth accelerated in its most recent quarter.

The maker of Prego pasta sauce and Goldfish crackers now expects fiscal 2020 adjusted earnings per share of $2.87 to $2.92, up from its prior range of $2.55 to $2.60.

The company said its net loss stood at $257.2 million, or $1.54 per share, in the quarter ended May 2, compared with a profit of $40.8 million, or 23 cents per share, a year earlier, mainly due to an impairment charge of about $156 million.

Dick's Sporting Goods reported a decline in first-quarter same-store sales of almost 30%, as its stores across the country were shut by the coronavirus crisis.

Restaurant Brands International said Thursday that Popeyes' U.S. same-store sales have soared more than 40% as of the third full week of May.

Abercrombie & Fitch said its sales tanked 34% during the first quarter as its stores were forced shut during the coronavirus pandemic.

U.S. luxury homebuilder Toll Brothers on Wednesday withdrew its full-year forecast and warned it would not provide such guidance for the foreseeable future due to uncertainty caused by the Covid-19 pandemic.

Box forecast annual revenue above analysts' estimates and beat targets for quarterly sales on Wednesday, as demand rises for its online collaboration tools due to the global shift to work from home caused by the Covid-19 pandemic.

"In May, for the second straight month, Papa John's team members and franchisees delivered the best sales period in the company's history," CEO Rob Lynch said Wednesday.