Australian grocer Woolworths expects fiscal first-half earnings in its key Australian food division to be below previous expectations, as customers continue to be price conscious when facing cost of living pressures.
Medical-device maker said Joe Kiani, who previously informed the board of his decision to resign as chief executive, has been terminated by the company, following a review by outside counsel.
Google reported a 15% jump in year-over-year revenue driven by strong results in its cloud-computing division, boosting the company’s fortunes during a costly push into artificial intelligence.
The Italian fashion group said the results were hit by lower consumer confidence in several markets, as the luxury industry continues to grapple with a period of volatility.
The owner of brands including Jean Paul Gaultier, Carolina Herrera and Nina Ricci increased sales by 11% in the third quarter, beating analysts’ forecasts.
The agreement with the rapper, which involved no payments, was disclosed as Adidas reported a 71% jump in third-quarter net profit, beating analysts’ expectations.
Pearson delivered higher underlying sales for the third quarter, supported by growth across all divisions, and said it planned to accelerate its artificial-intelligence capabilities to drive further growth.
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