Latest Sales figures News

BP to cut dividends as it prepares for fossil fuel decline

Aug. 4, 2020 6:13 AM EDT

LONDON (AP) — BP plc said Tuesday it plans to slash dividends as the global oil company prepares for declining sales of fossil fuels by boosting investment in alternative energy projects. London-based BP said it will increase spending on low-carbon technology, including renewable energy projects, 10-fold...

FILE - A detail of a label on a bottle of Clorox bleach is displayed in a supermarket, in Walpole, Mass. in a In this Aug. 1, 2011 file photo. Clorox’s fiscal fourth-quarter sales jumped 22% as consumers continued to buy cleaning supplies amid the coronavirus pandemic.  (AP Photo/Steven Senne, File)

Clorox becomes 'it' brand in world sheltered in place

Aug. 3, 2020 9:13 AM EDT

Sales at Clorox jumped 22% in its most recent quarter with millions of people growing more vigilant about cleaning routines in the pandemic. The company also announced Monday that Linda Rendle will become its CEO in September. There was a 33% jump in sales withing the company division that sells cleaning...

Pandemic whacks Google ad sales, causing parent Alphabet to report first quarterly revenue decline in company history

Jul. 30, 2020 4:20 PM EDT
MOUNTAIN VIEW, Calif. (AP) — Pandemic whacks Google ad sales, causing parent Alphabet to report first quarterly revenue decline in company history.
FILE - In this file photo dated  Friday, May 29, 2020, the Renault plant is pictured in Choisy-le-Roi, outside Paris, France.  French carmaker Renault reported Thursday July 30, 2020, a massive loss of 7.4 billion euros (dollars 8.5 billion) in the first half of the year as the collapse in global auto sales due to the coronavirus global pandemic worsened troubles already brewing at the manufacturer. (AP Photo/Christophe Ena, FILE)

France's Renault posts massive loss as trouble piles up

Jul. 30, 2020 8:45 AM EDT

PARIS (AP) — French carmaker Renault reported a massive loss of 7.4 billion euros ($8.5 billion) in the first half of the year as the collapse in global auto sales due to the pandemic worsened troubles already brewing at the manufacturer. Renault's loss compared with a profit of about 1 billion euros a...

FILE- In this April 23, 2018, file photo, the logo for General Motors appears above a trading post on the floor of the New York Stock Exchange.  Even though General Motors was able to reopen its U.S. factories for the last half of the second quarter, the company still lost $806 million from April 2020 through June. The Detroit automaker had to close its plants from March 18 to May 18 due to the coronavirus, but production didn’t resume fast enough to hold off a net loss. (AP Photo/Richard Drew, File)

Plant closings send GM to 2Q loss, but signs of improvement

Jul. 29, 2020 3:21 PM EDT

DETROIT (AP) — Even though General Motors was able to reopen its U.S. factories for the last half of the second quarter, the company still lost $806 million from April through June. The Detroit automaker closed its plants on March 18 and they remained idle for two months due to the coronavirus. Production...

A man walks by new logo of Nissan seen at the automaker's showroom in Tokyo Tuesday, July 28, 2020.  Nissan reported a 285.6 billion yen ($2.7 billion) loss for April-June, as the Japanese automaker sales crashed amid the coronavirus pandemic and it struggled to recover from the loss of its former star executive Carlos Ghosn. (AP Photo/Eugene Hoshiko)

Nissan expects second straight year of red ink amid outbreak

Jul. 28, 2020 8:17 PM EDT

TOKYO (AP) — Nissan reported a 285.6 billion yen ($2.7 billion) loss for April-June, as the Japanese automaker's sales crashed amid the coronavirus pandemic and it struggled to recover from the loss of its former star executive Carlos Ghosn. Nissan Motor Co. racked up its first annual red ink in 11 years...

FILE- This Dec. 13, 2018, file photo shows a sign for a Starbucks Coffee shop in Harvard Square in Cambridge, Mass. Starbucks says it’s seeing steady recovery as its stores reopen, but it expects the impact of the new coronavirus to last well into the fall. The coffee giant said Tuesday, July 28, 2020 that revenue in its fiscal third quarter plummeted 38% to $4.2 billion. (AP Photo/Charles Krupa, File)

Starbucks says it sees better times ahead as stores reopen

Jul. 28, 2020 7:20 PM EDT

Starbucks' revenue shrank 38% in its most recent quarter but the coffee giant says it’s recovering faster than expected as its stores reopen from coronavirus lockdowns. The Seattle-based company said Tuesday that it expects coronavirus-related losses to ease through the rest of this year. “We...

FILE - This Nov. 25, 2019 photo shows IQOS heated cigarette heatsticks  displayed in an IQOS store in Richmond, Va.  Altria said Tuesday, July 28, 2020, that cigarette sales continue to decline as it pushes to expand sales of an alternative heated-tobacco product. The tobacco giant's second-quarter profit fell slightly but still beat Wall Street expectations when adjusted for one-time expenses. (AP Photo/Steve Helber, File)

Altria expands sales of heated-cigarette as revenue slides

Jul. 28, 2020 11:04 AM EDT

WASHINGTON (AP) — Marlboro-maker Altria said Tuesday that cigarette sales continued to decline in its last quarter as the company pushed to expand sales of an alternative heated-tobacco product. The Richmond, Virginia-based company reported second-quarter profit of $1.94 billion, or $1.04 per share, down...

FILE - A McDonald's sign is displayed outside the fast food restaurant in Wheeling, Ill., Thursday, April 9, 2020. McDonald's says it will be requiring customers to wear face coverings when entering its U.S. restaurants as the number of new virus cases continue to surge in many states. The move, announced Friday, July 24, 2020 will be in effect on Aug. 1. (AP Photo/Nam Y. Huh)

McDonald's facing uneven recovery, 2Q sales down 30%

Jul. 28, 2020 10:54 AM EDT

Business did improve for McDonald’s throughout the second quarter as restrictions lifted across the globe, but the fast food giant faces a bumpy — and expensive — recovery. McDonald's President and CEO Chris Kempczinski said the coronavirus pandemic continues to cause uncertainty and depress...

FILE - In this file photo dated Wednesday, Dec.18, 2019, the logo of French car maker Peugeot is pictured in Paris.  The maker of Peugeot and Citroen cars, PSA Group, said Tuesday July 28, 2020, that it made a profit in the first six months of the year even as the coronavirus pandemic caused a deep drop in sales. (AP Photo/Thibault Camus, FILE)

Peugeot maker PSA makes profit despite pandemic sales slide

Jul. 28, 2020 5:14 AM EDT

PARIS (AP) — The maker of Peugeot and Citroen cars, PSA Group, said Tuesday that it made a profit in the first six months of the year even as the coronavirus pandemic caused a deep drop in sales. The French company, which is in the process of merging with Fiat Chrysler Automobiles, said its first-half...