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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train WFH reads: • Is Rolex a Non-Profit? The Federal Reserve chair spent the early pandemic bemoaning the loss of a strong job market. New York Times ) see also Powell Will Find Much to Love in Retail Sales Letdown : The latest report landed with a mixed reception. Can He Keep It?

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Closed Theme Parks Sink Disney Earnings; Q3 Could Be Worse

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The company reported the second-quarter profit of its fiscal year at $460 million, or 26 cents a share, on sales of $18.01 After adjusting for restructuring charges and other effects, Disney reported earnings of 60 cents a share, down from $1.61 billion, up from $14.9 billion in 2019. a share a year ago. a share a year ago.

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Walmart Shares Up Across The Board On Big Earnings Beats

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The planet’s largest retailer by sales crushed their way through Q2, with bigger than expected gains in revenue, earnings, same-store sales and eCommerce sales than analysts were predicting before the numbers hit the wires. The headline number was the highly watched same-store sales figure.

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Will Costco Cure Blue Apron’s Subscription Blues?

PYMNTS

The rough-looking numbers roll on from there. Net losses clocked in at $31.7 On the upside, that is a decline: Net losses a year ago were around $52 million. Blue Apron, however, said it’s starting to turn a corner, as its numbers are starting to build again, with an addition of 40,000 new users between Q4 2017 and Q1 2018.

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The Sharing Economy come home: The IPO of Airbnb!

Musings on Markets

Acquisitions : As the number of hosts and guests on Airbnb have climbed over the years, the company has invested in building a more robust platform for its rentals. While some of that money has been spent on internal improvements, much of it has been spent acquiring more than two dozen companies, most of them small, technology businesses.

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The Retail Good News Roundup

PYMNTS

“Quarterly losses, schmorterly losses” seems to be the position of H&M. Describing his company as “very profitable,” H&M CEO Karl-Johan Persson views the physical and digital presences of the brand as complementary rather than seeing the need to favor the latter over the former. Five Below.

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Blowin’ In The Wind, Bob Dylan And Your Weekend Payments Primer

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Over the course of 30 albums, hundreds of songs written for himself and others – not to mention some unfathomably large number of Dylan bootlegs – Bob Dylan has probably written a song about it, the law of averages almost promises such. The total losses are estimated to be in the $5.3 billion range — with a $2.3