BUSINESS/FINANCE NEWS
Setup News Ticker
   BUSINESS/FINANCE NEWS
Searching for 'sales shares'. (Return)

MarketWatch MarketPulseJul 08, 2020
Zig-Zag parent company reports record sales during pandemic
Turning Point Brands Inc. , which makes Zig-Zag rolling papers and other smoking-related products, announced Wednesday afternoon that it expects to report record revenue for the just-completed quarter. In conjunction with the announcement of a public offering of 2 million shares from investors, the company revealed that it expects second-quarter revenue to top $100 million, a level the company has never previously reached for a quarter. The total is well ahead of the company's stated expectations of $81 million to $87 million as well as the average analyst estimate of $85 million, according to FactSet. "In the Smoking segment, sales benefitted from increased consumption, new product penetration and recently implemented growth initiatives which offset the COVID-related supply chain disruption experienced in the MYO cigar wraps business," the company disclosed in its announcement. Shares increased more than 10% in after-hours trading immediately following the announcement, after closing with an 8.4% gain at $26.46. The stock has declined 7.5% so far this year, as the S&P 500 index has dropped 2.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseJul 08, 2020
Costco June sales rise 11% to $16 billion
Costco Wholesale Corp. said Wednesday its June sales rose 11% to $16.2 billion, from $14.6 billion in June 2019. Same-store sales rose 12%, including an 11% increase in U.S. same-store sales. E-commerce sales increased 86%, the company said. Costco sales in May rose 7.5% and online sales jumped 106% that month. Costco has reported strong e-commerce sales this year but at its last quarterly report in April the company said the online sales hadn't made up for the drop in foot traffic at the stores and other businesses such as optical, food court, and travel due to the stay-at-home orders, social-distancing restrictions and closures related to the coronavirus pandemic. Costco is slated to report fiscal fourth-quarter results sometime in September, with quarterly sales seen around $50 billion, according to FactSet. Shares of Costco rose nearly 1% in the extended session after ending the regular trading day up less than 0.1%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



RELATED ARTICLES
Tesla China Sales Of Model 3 Vehicles Up 35% In June (Yahoo Business)
TRENDING TAGS
Coronaviruscases Million live latest Bolsonaro
Covid-19Million cases Vaccine Coronavirus Stock
Stockmarket rally & Tesla futures
UnitedAirlines employees Warns coronavirus Could
CasesCoronavirus Million surge record updates
FacebookCivil Rights Audit boycott Decisions
Stockstech making biggest moves &
Workersplant Bring Furlough COVID-19 United
Marketstock stocks investors Snapshot Dow
IncFiler since Hedge About Funds

NEWS SOURCES
Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money
CNN/Money Real Estate News
Dismal.com: Analysis
Dismal.com: Indicators
Enterprise Application News
Entrepreneur.com
Forbes Headlines
Forbes Social Media News
FT.com - China, Economy & Trade
FT.com - Financial Markets
FT.com - Hedge Funds
FT.com - Telecoms
FT.com - US
Google Business News
Google Market News
HBS Working Knowledge
Inc.com
INSEAD Knowledge
International Tax Review
Kiplinger
Knowledge@Wharton
L.S. Starrett News
MarketWatch
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly
MSNBC.com: Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
OpinionJournal.com
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money
SEC.gov Updates: News Digest
SHRM HR News
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ US News
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • 617 482 1200
    617 299 8649 (fax)
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2020 CEOExpress Company LLC