Latest Consumer products and services News
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Poppi faces lawsuit from consumer who questions its gut health claims
Popular soda brand Poppi is facing a class-action lawsuit filed by a consumer who says its products don’t improve gut health as much as their marketing suggests. In a lawsuit filed last week in U.S. District Court in San Francisco, Kristin Cobbs said she purchased Poppi drinks on...
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Best Buy and Kohl's extends streak of quarterly sales slumps as Americans focus on the essentials
NEW YORK (AP) — The earnings results from Best Buy and Kohl's, announced Thursday, offer the latest evidence of consumers' cautious spending amid a challenging economic environment. Best Buy, the nation's largest consumer electronics chain, reported another quarterly drop in sales...
Elbit: Q1 Earnings Snapshot
HAIFA, Israel (AP) — HAIFA, Israel (AP) — Elbit Systems Ltd. (ESLT) on Tuesday reported earnings of $73.7 million in its first quarter. The Haifa, Israel-based company said it had net income of $1.65 per share. Earnings, adjusted for one-time gains and costs, were $1.81 per...
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Sony says focus is on creativity, with games, movies, music, sensors, IP, and not gadgets
TOKYO (AP) — Japanese electronics and entertainment company Sony says it’s focusing on creativity in movies, animation and video games, rather than old-fashioned gadgetry. Its chief executive, Kenichiro Yoshida, outlined the company’s strategy Thursday, saying Sony was helping...
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For some digital detox, look to the latest in craft kits
Digital diversions may have us tethered to tech, but screen fatigue is real. Even my digitally-native, young-millennial kids prefer printed books these days. And a recent weekend together at home had us busting out some craft kits. There might have been Netflix in the background, but...
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Despite numbers showing a healthy economy overall, lower-income spenders are showing the strain
NEW YORK (AP) — Cracks are showing in one of the main pillars keeping the economy out of a recession: resilient spending by U.S. households. Consumer goods giants from PepsiCo to Kraft Heinz have described recently how the combination of high inflation and higher interest rates is...
Honest: Q1 Earnings Snapshot
LOS ANGELES (AP) — LOS ANGELES (AP) — Honest Co. (HNST) on Wednesday reported a loss of $1.4 million in its first quarter. The Los Angeles-based company said it had a loss of 1 cent per share. The results topped Wall Street expectations. The average estimate of...
Edgewell Personal: Fiscal Q2 Earnings Snapshot
SHELTON, Conn. (AP) — SHELTON, Conn. (AP) — Edgewell Personal Care Co. (EPC) on Wednesday reported fiscal second-quarter earnings of $36 million. On a per-share basis, the Shelton, Connecticut-based company said it had profit of 72 cents. Earnings, adjusted for non-recurring...
Clorox: Fiscal Q3 Earnings Snapshot
OAKLAND, Calif. (AP) — OAKLAND, Calif. (AP) — Clorox Co. (CLX) on Tuesday reported a loss of $51 million in its fiscal third quarter. On a per-share basis, the Oakland, California-based company said it had a loss of 41 cents. Earnings, adjusted for non-recurring costs, were $1.71...
Newell Brands: Q1 Earnings Snapshot
ATLANTA (AP) — ATLANTA (AP) — Newell Brands Inc. (NWL) on Friday reported a loss of $9 million in its first quarter. On a per-share basis, the Atlanta-based company said it had a loss of 2 cents. Earnings, adjusted for one-time gains and costs, came to less than 1 cent on a...
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