Consumer Spending

US Consumer Confidence Recovers In May Amid Worries About Inflation

US consumer confidence unexpectedly improved in May after deteriorating for three straight months amid optimism about the labour market.

Meat Producer Cranswick Posts Better-Than-Expected Annual Results

Cranswick has reported better-than-expected earnings for fiscal year 2024 on the back of robust demand and a string of investments in facilities that paid...

Walmart Lifts Full-Year Sales, Profit Forecast As Q1 Results Exceed Expectations

US retail giant Walmart raised its full-year forecast and reported better-than-expected first-quarter results.

Alibaba Beats Quarterly Revenue Estimates, Profit Declines

China's Alibaba Group Holding beat analysts' estimates for fourth-quarter revenue as a focus on low-cost goods in response to cautious consumer spending he...

Froot Loops Maker WK Kellogg Beats Revenue Estimates In First Quarter

WK Kellogg Co beat Wall Street estimates for quarterly sales as higher product prices offset pressure from slowing demand for the Froot Loops maker's ready...

Loblaw Reports Strong First Quarter On Resilient Demand, Easing Food Prices

Canadian food and pharmacy retailer Loblaw Companies topped expectations for first-quarter revenue and profit, aided by sustained consumer demand well as e...

Beer Can Maker Ball Corp Lags Sales Estimates On Slowing Demand

Beer can maker Ball Corp missed quarterly sales expectations, hit by lagging demand for its beverage cans as customers become more frugal in thei...

Aryzta Reiterates 2024 Guidance, Q1 Organic Revenue Growth Aligns With Expectations

Aryzta has reported a 0.1% year-on-year increase in organic revenue growth to €514 million in the first quarter, which the bakery giant says aligns wi...