H&M’s recent report on its second-quarter profits fell short of analyst expectations, causing a significant drop in the company’s stock price. With operating profit coming in below anticipated levels, investors are understandably concerned about the company’s performance. The company’s forecast for June sales to decline by 6% in local currencies compared to the previous year
Earnings
Southwest Airlines saw a 4% decrease in its shares during premarket trading on Wednesday after the airline revised its second-quarter revenue forecast downwards due to changing booking patterns. The airline now anticipates a decline of 4% to 4.5% in revenue per available seat mile, a significant shift from the 1.5% to 3.5% decrease it had
The landscape of the restaurant industry is witnessing a subtle yet significant change in customer preferences. Darden Restaurants CEO Rick Cardenas pointed out that casual-dining chains are attracting customers who are dissatisfied with the rising prices in the fast-food sector. While Darden itself has not experienced a surge in customers due to this shift, its