Coach parent Tapestry shares rise after earnings and sales beat expectations

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Coach parent Tapestry shares rise after earnings and sales beat expectations

Kate Spade sales tumbled 13% to $376 million. And Stuart Weitzman sales of $85 million for the quarter was down from $116 million last year. E-commerce growth was in the triple digits, accounting for nearly half the revenue in North America, and revenue in …
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Reports: McKinsey Has Reached A $573 Million Settlement With States For Its Role In Marketing Opioid Drugs

Oxycontin pills. oxycodone hydrochloride. prescription only pain medication. McKinsey had worked with Purdue Pharma to help market the opioid painkiller OxyContin. Los Angeles Times via Getty Images …
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Merck Taps Davis as Next CEO as Frazier Sets Plan to Retire

Merck & Co. said Kenneth Frazier plans to retire as chief executive officer after almost a decade leading the drugmaker. Frazier, who will continue as executive chairman, will step down as CEO effective June 30, the company said in a statement. Frazier will be …
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Yum sales rise at KFC, fall at Pizza Hut and Taco Bell

Net income totaled $332 million, or $1.08 per share, down from $488 million, or $1.58 per share, last year. Adjusted EPS of $1.15 beat the FactSet consensus for $1.01. Revenue totaled $1.743 billion, up from $1.694 billion last year and ahead of the FactSet …
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UPDATE 1-Becton Dickinson raises 2021 profit forecast on demand for COVID-19 tests

(Adds details on testing volumes, revenue, and background). Feb 4 (Reuters) – Becton Dickinson on Thursday raised its 2021 earnings forecast after reporting a nearly 309% surge in quarterly profit as the medical device maker continued to benefit from strong …
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