Latest Consumer products and services News

Best Buy's shares up after chain posts smaller-than expected sales decline for 4Q

Feb. 29, 2024 12:23 PM EST

NEW YORK (AP) — Best Buy's shares rose on Thursday as the nation's largest consumer electronics chain posted a smaller-than-expected sales decline for the fiscal fourth quarter, signaling that the bottom of spending on gadgets may be in sight. The Minneapolis-based company reported...

Newell Brands: Q4 Earnings Snapshot

Feb. 09, 2024 07:25 AM EST

ATLANTA (AP) — ATLANTA (AP) — Newell Brands Inc. (NWL) on Friday reported a loss of $86 million in its fourth quarter. The Atlanta-based company said it had a loss of 21 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, were 22 cents per share. ...

Edgewell Personal: Fiscal Q1 Earnings Snapshot

Feb. 07, 2024 06:11 AM EST

SHELTON, Conn. (AP) — SHELTON, Conn. (AP) — Edgewell Personal Care Co. (EPC) on Wednesday reported fiscal first-quarter earnings of $4.8 million. The Shelton, Connecticut-based company said it had net income of 9 cents per share. Earnings, adjusted for non-recurring costs, were...

Clorox: Fiscal Q2 Earnings Snapshot

Feb. 01, 2024 16:21 PM EST

OAKLAND, Calif. (AP) — OAKLAND, Calif. (AP) — Clorox Co. (CLX) on Thursday reported fiscal second-quarter net income of $93 million. The Oakland, California-based company said it had net income of 75 cents per share. Earnings, adjusted for non-recurring costs, were $2.16 per...

Samsung reports decline in profit but anticipates business improvement driven by chips

Jan. 30, 2024 23:56 PM EST

SEOUL, South Korea (AP) — Samsung Electronics on Wednesday reported an annual 34% decline in operating profit for the last quarter as sluggish demands for its TVs and other consumer electronics products offset hard-won gains from a slowly recovering computer chip market. The South...

Colgate-Palmolive: Q4 Earnings Snapshot

Jan. 26, 2024 07:23 AM EST

NEW YORK (AP) — NEW YORK (AP) — Colgate-Palmolive Co. (CL) on Friday reported fourth-quarter earnings of $718 million. The New York-based company said it had net income of 87 cents per share. The results surpassed Wall Street expectations. The average estimate of...

Kimberly-Clark: Q4 Earnings Snapshot

Jan. 24, 2024 07:23 AM EST

DALLAS (AP) — DALLAS (AP) — Kimberly-Clark Corp. (KMB) on Wednesday reported fourth-quarter earnings of $509 million. On a per-share basis, the Dallas-based company said it had profit of $1.50. Earnings, adjusted for non-recurring costs, were $1.51 per share. The...

Ben & Jerry's and Vermont scoop shop employees reach contract agreement

Jan. 18, 2024 17:57 PM EST

BURLINGTON, Vt. (AP) — Ice cream maker Ben & Jerry’s has reached its first contract agreement with workers at a retail shop in the Vermont city where it was founded after the employees petitioned to unionize last year, Scoopers United and the brand announced Thursday. About...

How attacks on ships in the Red Sea by Yemen's Houthi rebels are crimping global trade

Jan. 12, 2024 15:19 PM EST

LONDON (AP) — The attacks on commercial ships in the Red Sea by Yemen’s Iran-backed Houthi rebels have rerouted trade that normally flows through the crucial corridor for consumer goods and energy supplies, a shift that's delaying shipments and raising transport costs. The...

Shipping firm Maersk says it's preparing for resumption of Red Sea voyages after attacks from Yemen

Dec. 25, 2023 07:53 AM EST

FRANKFURT, Germany (AP) — Shipping firm Maersk says that it's preparing to allow vessels to resume sailing through the Red Sea, thanks to the start of a U.S.-led multinational naval operation to protect shipping from attacks by Houthi rebels in Yemen. Houthi attacks have led to a...