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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jun 24, 2021
Page
8
Nike is expected to report fiscal Q4 earnings of about 0.51 per share for the March through May quarter, with revenue rising from a year earlier. Analysts cite strong China growth and higher online sales globally offsetting softness at physical stores.
Rite Aid delivers first quarter results with Wall Street forecasting earnings of 28 cents per share for the March May period, up from a four cent loss a year earlier. The Camp Hill based chain has gained about 28 percent this year, beating the Russell 2000. A warning warned earnings could swing between a ten million dollar loss and ten million dollars profit due to pandemic effects.
Lego shows its first building bricks made from recycled drinks bottles. A one liter bottle yields material for about ten bricks. Tim Brooks, Lego's vice president of environmental responsibility, says kids care about sustainability as the Danish toy maker updates its products. The report notes current commodity contracts and change figures.
A listless trading day on Wall Street closed with mixed indices as investors still reassessed last week’s Federal Reserve actions. The S&P 500 drifted after fluctuating earlier, while big gains and losses were spread unevenly among leading stocks.
Stocks close at 99.04, up 2.8 percent as the burger chain announces plans to open ten new restaurants in China by 2031, broadening its international footprint.
Repic describes repeated misnaming and microaggressions while trying to update his Uber Eats profile. Uber apologized in a statement noting new options to display self identified first names and plans to improve systems and fund name and gender updates for IDs.
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