Latest Consumer products and services News

Elbit: Q4 Earnings Snapshot

Mar. 26, 2024 07:31 AM EDT

HAIFA, Israel (AP) — HAIFA, Israel (AP) — Elbit Systems Ltd. (ESLT) on Tuesday reported net income of $30 million in its fourth quarter. On a per-share basis, the Haifa, Israel-based company said it had profit of 67 cents. Earnings, adjusted for one-time gains and costs, were...

Excitement and skepticism meet Algeria's decision to import beef to meet high demand during Ramadan

Mar. 11, 2024 04:30 AM EDT

ALGIERS, Algeria (AP) — Algeria is importing massive amounts of beef and lamb to confront an explosion in demand for meat expected throughout the Muslim holy month of Ramadan, hoping to stabilize prices as the country's economy continues to struggle. The oil-rich North African...

Ground cinnamon sold at discount stores is tainted with lead, FDA warns

Mar. 06, 2024 16:36 PM EST

Ground cinnamon sold by U.S. discount retailers is contaminated with high levels of lead and should be discarded, federal health officials said Wednesday. The U.S. Food and Drug Administration said cinnamon sold by stores including the Dollar Tree and Family Dollar contains lead at...

Honest: Q4 Earnings Snapshot

Mar. 06, 2024 16:18 PM EST

LOS ANGELES (AP) — LOS ANGELES (AP) — Honest Co. (HNST) on Wednesday reported fourth-quarter earnings of $1.1 million. On a per-share basis, the Los Angeles-based company said it had net income of 1 cent. The results exceeded Wall Street expectations. The average...

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...