Home Sales Slow

CFO News Room

Sales of new single-family homes tumbled to a two-year low in April as higher mortgage rates and record prices squeezed first-time buyers out of the housing market. New home sales plunged 16.6% Sales dropped 5.9%

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Retail Sales Decline in May

CFO News Room

Retail sales and food-services spending fell 0.3 From a year ago, retail sales are up 8.1 Total nominal retail sales remain well above the pre-pandemic trend (see first chart). In real terms, total retail sales were down 1.2 Food and beverage store sales were up 1.2

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Spending More, Getting Less as Inflation Outpaces Retail Sales

CFO News Room

The Commerce Department on Thursday said that retail sales rose a seasonally adjusted 0.5% gain that economists polled by The Wall Street Journal were looking for, but there were also revisions to the previous two months that brought the level of retail sales in February 0.7% Higher prices can make people think twice before buying. Especially when it comes to things they don’t want as much as they used to.

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The future of medtech sales is hybrid

McKinsey Public & Social Sector Insights

Top-performing medtech companies are using hybrid or end-to-end remote sales motions to better meet the needs of healthcare personnel and other stakeholders. Growth, Marketing & Sales Insights B-to-B Multichannel Sales

Dick’s Sporting Goods Cuts Earnings Guidance as Sales Drop

CFO News Room

Dick’s Sporting Goods cut its earnings outlook for the year after posting a decline in first-quarter sales, the latest retailer projecting struggles as inflation pinches consumer wallets. in the quarter while overall sales fell 7.5%

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Nvidia Posts Record Sales, Warns of Russia, China Hit

CFO News Room

Graphics-chip maker Nvidia gave a muted sales outlook, citing supply-chain disruptions in China and reduced business in Russia, as it posted record sales for the most recent quarter. Nvidia said sales in the current quarter are likely to come in at $8.1

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Three tactics to solve sales compensation concerns and improve retention

CFO Dive

With resignations rising among sales teams, the onus falls on finance to ensure pay structures work to entice reps to stay

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Lowe’s First-Quarter Sales Drop After Unseasonably Cold April

CFO News Room

Lowe’s posted a drop in first-quarter sales, citing cooler weather that delayed some home projects, a day after rival Home Depot Inc. said sales rose in the same conditions. Lowe’s said comparable sales, which strips out effects of store openings and closings, fell 4% in the period.

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Goodyear Posts Higher Sales, Despite Jump in Costs

CFO News Room

sales rose in the first quarter as the tire maker’s price increases have outpaced surging costs. Goodyear Tire & Rubber Co.

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Maharashtra govt defers decision on wine sales at supermarkets

CFO News Room

Annually 75 lakh litre of wine is sold across the country, and farmers would benefit if wine sales are allowed in supermarkets. The state cabinet had taken a decision on January 27 to allow supermarkets with a minimum area of 100 square metre and 10 employees to sell wine.

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Peloton Shares Slide as Losses Mount, Sales Slow

CFO News Room

Peloton Interactive reported falling quarterly sales and mounting losses and said it recently secured $750 million in financing to help support its turnaround bid. Updated May. 10, 2022 8:11 am ET.

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How CFOs can supercharge their organization's sales forecasting

CFO Dive

Virtual processes are faster, more granular in detail and provide a fresh sales forecast in a clean, concise dashboard each morning

CVS Sales Up 11%, Lifted by Covid-19 Demand

CFO News Room

first-quarter sales rose more than 11% as the pharmacy chain continued to benefit from administering Covid-19 vaccines and selling at-home tests. The company’s same-store sales, which include stores open at least 12 months plus digital channels, grew by 10.7% CVS Health Corp.

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Nike Sales Rise as It Navigates Supply-Chain Snarls

CFO News Room

sales grew in the latest period as the sneaker giant benefited from gains in its digital business while navigating supply-chain snarls and its suppliers in Asia recovering from Covid-19-related hits on production. Nike Inc.

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IRS Investigating American Express Sales Pitches

CFO News Room

The Internal Revenue Service is investigating American Express Co. over a questionable tax break that it pitched to clients, according to people familiar with the matter. The civil investigation has been under way for a few months, these people said. The Wall Street Journal reported in November that AmEx salespeople touted a tax break based on a shaky interpretation of tax law. The pitch was part of a strategy to persuade business owners to sign up for costly payment services. Source link.

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Stop Losing Sales to Customer Indecision

CFO News Room

million recorded sales conversations — spanning both transactional and complex sales — we found that anywhere between 40% and 60% of deals today end up lost to customers who express their intent to purchase, but ultimately fail to act.

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Macy’s Posts Quarterly Gains, Helped by Digital Sales

CFO News Room

posted higher sales in its latest quarter and said that it wouldn’t go through with a separation of its e-commerce business from its bricks-and-mortar operation. Macy’s Inc.

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Innoterrra and Konkan mango growers launch ‘Ekyaam’ for Alphonso sale

CFO News Room

It helps in the sale of quality assured traceable farm produce through its network in India, the Middle East and South-East Asia. Markets News Alphonso sale Ekyaam Innoterrra Konkan mango growers

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3M Sees Falling Mask Demand Slowing Sales Growth

CFO News Room

surge caused by the Omicron variant fades, 3M said slowing mask sales will probably reduce its organic growth by about 2 percentage points this year. After accounting for lower mask uptake, sales will grow by 2% to 5% organically this year, the company estimated.

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Real Retail Sales Are Trending Flat

CFO News Room

Retail sales and food-services spending rose 0.5 However, today’s retail sales data are not adjusted for price changes. In real terms, total retail sales were down 0.7 Still, total retail sales are up 6.9 percent from a year ago while real retail sales are down 1.5

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Merck, Eli Lilly Covid-19 Treatments Power Quarterly Sales Gains

CFO News Room

Merck’s newly authorized molnupiravir treatment logged sales of $952 million in the fourth quarter, the first period when the drug contributed revenue. Meanwhile, sales of Covid-19 antibodies for Lilly grew by 22% year over year to $1.06 to $7.27, based on anticipated sales of $56.1

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Amazon Shedding Warehouse Space as Sales Slow

CFO News Room

When online sales surged during the height of the COVID-19 pandemic, Amazon rushed to add capacity that is now proving to be excess amid slowing sales.

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Use a ‘For Sale By Owner’ Sale to Cut Commission Fees

CFO News Room

If you’re considering selling your house, one strategy you can choose is a for sale by owner (FSBO) route. By choosing not to use a real estate agent for the sale of your property, you take on more work – but save on commission fees. What Is a For Sale By Owner Transaction?

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Best Buy Posts Lower Sales on Supply-Chain Hit, Omicron Impact

CFO News Room

s sales for the holiday quarter fell from a year earlier, as reduced store hours due to labor shortages caused by the Omicron variant and supply-chain challenges disrupted operations. The electronics retailer saw sales fall to $16.37 billion in quarterly sales. Best Buy Co. ’s

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New Single-Family Home Sales Bounce Higher in May

CFO News Room

Sales of new single-family homes rose in May, rising 10.7 Despite the May gain, the four-month run of decreases leaves sales down 5.9 Sales of new single-family homes were up in two of the country’s four regions in May. Sales in the South, the largest by volume, rose 12.8

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Sales rising but more companies expect falling profits: NABE

CFO Dive

A steady increase in profits may falter at some companies this quarter in the face of shortages caused by the omicron variant of COVID-19

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Unit Auto Sales Rose in June, but Remain Weak

CFO News Room

Sales of light vehicles totaled 13.0 Weak auto sales are largely a result of component shortages that have limited production, resulting in plunging inventory and surging prices. Breaking down sales by origin of assembly, sales of domestic vehicles increased to 10.3

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Will CFP Board’s Fee Increase Fund Product Sales Instead?

CFO News Room

But these positions are often tenuous for new advisors, with extremely high failure rates, driven in large part by compensation that is reliant primarily on commissions from product sales. Executive Summary.

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SEC Probes Trading by Elon Musk and Brother in Wake of Tesla CEO’s Sales

CFO News Room

WASHINGTON—The Securities and Exchange Commission is investigating whether recent stock sales by Tesla Inc. Mr. Musk framed the potential sale as a way to cover any taxes he would need to pay if lawmakers imposed new taxes on unrealized capital gains.

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The latest on sales planning practices

Anaplan

Sales Management Association (SMA) survey reveals importance of sales planning but few excel. Sales & Marketing sales Sales Planning sales strategy

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Coke and PepsiCo Earnings Show Big Sales Gains on Big Price Increases

CFO News Room

reported higher quarterly sales as the global soda giants pushed through price increases but also felt the squeeze of higher costs for commodities and transportation. Coca-Cola Co. and PepsiCo Inc.

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Building next-generation B2B sales capabilities

McKinsey

Marketing & Sales Insights B-to-B Digital marketing MultichannelThe pandemic has converted B2B buyers to e-commerce in a big way. B2B sellers need new capabilities to meet their new expectations.

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Preventing corporate documents from sinking your subsidiary sale

CFO Dive

Waiting until you put an entity up for sale to evaluate how complete and organized its ownership documents are can bring down the purchase price, delay closing and kill the deal in some cases

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Aurobindo Pharma rating – Buy: Eugia stake sale will unlock value

CFO News Room

The purported deal values Eugia at $3.5-4 bn (8.5-10x sales and 27-31x Ebitda based on our annualised FY22e sales estimates of $405 m and Ebitda margins of 32%). sales and 32.8x bn sales p.a., ~40% 40% of total company sales) on new launches and volume gains.

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What Is a Good Price-to-Sales (P/S) Ratio?

CFO News Room

The Price-to-Sales (P/S) ratio is a profitability analysis tool used to compare companies and discover undervalued securities. The Price-to-Sales Ratio. The metric is also called the revenue multiples or sales multiples. When to Use the Price to Sales Ratio.

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