#financial-performance

#financial-performance

Target's corporate staff has been asked to work from home next week, and employees will not find out their fate until Tuesday. A Target spokesperson told the Associated Press (AP) that the cuts represent around 8% of Target's global workforce, but the majority of employees affected work at the headquarters in Minneapolis. According to AP, Target's comparable sales dropped 1.9% in its second quarter, and its net income dropped 21%.

CleanGo Innovations Inc. has announced a strategic partnership with Toronto-based Zing Bias Inc., a leading e-commerce, design, and public relations firm. This collaboration aims to accelerate CleanGo's sales growth and expand its global market presence through enhanced e-commerce optimization, digital marketing, and public relations strategies. The partnership is expected to elevate CleanGo's brand, refresh its retail product lines, and position the company for future growth, aligning with its mission to set industry standards for eco-friendly cleaning solutions.

The AI chipmaker reported record revenue of $16 billion, a 22% year-over-year increase, driven by a 63% surge in AI semiconductor revenue to $5.2 billion. Its infrastructure software segment, bolstered by the 2023 VMware acquisition, grew 43% to $6.79 billion. Broadcom's adjusted EBITDA hit $10.7 billion, up 30% from last year, reflecting robust profitability. The company also raised its Q4 revenue guidance to $17.4 billion, surpassing Wall Street's $17.02 billion estimate, with AI revenue expected to reach $6.2 billion.

Hamburger, who joined the UK leadership team in 2024, was responsible for overseeing franchising and delivery operations across Britain. She has now been promoted to managing director of McDonald's Netherlands. Her name frequently drew attention during her tenure - she once joked that "some things are meant to be," acknowledging the nominative determinism of running restaurants at a company famous for flipping burgers. "Hamburger has been my name my entire life too, so as you can imagine, it has always made people do a bit of a double take," she told The Times.

META's investing in AI has enabled its advertising business to grow significantly, generating $46.6 billion due to enhanced targeting and improved user engagement, reflecting a 21.5% annual increase.

Snap reported a 9% increase in revenue year over year, totaling $1.345 billion. Daily active users rose by 9% to reach 469 million.

Snap's stock has decreased more than 20% following a disappointing quarter, with revenue of $1.34 billion, a miss against analyst expectations of $1.35 billion.

In Q4, revenue, gross margin and operating margin were at the high end of our guidance ranges, earnings per share was above the guidance range and we delivered solid operating cash flow.

Duolingo Max is expanding rapidly, demonstrating strong adoption particularly in India and Mexico, with localized pricing strategies to enhance market penetration.

Uber Technologies Inc. reported gross bookings of $46.8 billion for the three months ending June 30, surpassing analysts’ estimates and showing strong growth in food delivery.

Entravision Communications reported a 22% rise in GAAP revenue, reaching $100.7 million in Q2 2025, driven by a 66% increase in digital Advertising Technology & Services segment.

HOKA continues to be the company's top growth engine, growing 34% year-over-year to over $500 million in sales. Updates on international expansion and innovation will be significant.

Better has seen its first profitable month since 2022, attributing this turnaround to the implementation of AI technologies that enhance operational efficiency and decision-making.