August 08, 2024 Why Visa, Burberry, and McDonald’s are all seeing a slow down in profits Post-pandemic splurging is over. BY Reuters Investors in large consumer-goods companies are having to up their stock-picking game, as a post-pandemic spending splurge dries up and increasingly price-sensitive shoppers start to erode corporate pricing power. Profit warnings in sectors ranging … Continue reading Why Visa, Burberry, and McDonald’s are all seeing a slow down in profits
Category Archives: Revenue Forecasting
Despite strong user spending, Bumble sees a drop in revenue forecast
By Jessica Bursztynsky August 10, 2022 Bumble users are spending more on the namesake app as singles return to their pre-pandemic habits. The dating company, which owns Bumble, Badoo, and Fruitz, reported 2Q revenue of $220.5 million, up 18% year over year and just over Wall Street’s expectations. The Bumble app specifically brought in … Continue reading Despite strong user spending, Bumble sees a drop in revenue forecast