A view of a CarMax dealership on April 10, 2025, in Santa Rosa, California. Justin Sullivan | Getty Images Shares of CarMax fell 9% Wednesday after the company beat Wall Street’s quarterly earnings expectations and its new CEO detailed a high-level turnaround strategy for the company. Here’s how the company performed in its first fiscal…
Starbucks on Tuesday raised its full-year outlook for comparable earnings and same-store sales growth after reporting its second straight quarter of traffic growth. “This quarter marked a milestone for Starbucks – and the turn in our turnaround,” CEO Brian Niccol said in a video posted alongside the company’s fiscal second-quarter results. For fiscal 2026, Starbucks…
Nike is cutting about 1,400 jobs in its operations division, mostly from its technology department, the company said Thursday. In a note to employees, Venkatesh Alagirisamy, the chief operating officer of Nike, said that management was nearly done reorganizing the business for its turnaround plan, and that the goal was to operate with “more speed,…
Featured Podcasts Decoder with Nilay Patel: Lyft CEO David Risher on paying drivers more and the shift to robotaxis A show from the Verge about big ideas – and other problems. Subscribe to Decoder with Nilay Patel. Grit: Rebuilding Front for the AI Era | CEO Dan O’Connell Grit explores what it takes to create,…
