It isn’t an everyday occurrence that a company reports strong revenue and profit gains and experiences a sharp decrease in the stock price, falling 7% for the day. Yet that’s exactly what happened after Domino’s Pizza(NYSE:DPZ) released its fiscal third-quarter 2020 results, which covered the period that ended on Sept. 6.
This seemingly incongruous situation may leave you scratching your head. So it’s a good time to look deeper into the report to see if there is anything that’s concerning.
Image source: Getty Images.
Demand remains strong
With strong roots in delivering pizzas that go back to its founding 60 years ago, it shouldn’t surprise anyone that Domino’s has done well during the pandemic. Excluding foreign exchange translations, its third-quarter total sales grew by nearly 15%. Broken out geographically, U.S. same-store sales (comps) rose by 17.5% and were more than 6% higher internationally.
The global hotels and hospitality management software’s market size is poised to grow by USD 1.14 billion during 2020-2024, progressing at a CAGR of about 5% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
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Technavio has announced its latest market research report titled Global Hotel & Hospitality Management Software Market 2020-2024. (Graphic: Business Wire)
Hotels are focusing on integrating newer technologies to lower expenses on document processing through automation. This is driving the adoption of hotel and hospitality management software. The software not only helps reduce dependency on
Google has officially announced the new Nest Audio smart speaker, the latest in its line of smart speakers powered by the Google Assistant. The Nest Audio replaces the original Google Home from 2016 as Google’s midrange smart speaker, slotting above the Nest Mini and below the Nest Max in the lineup. It costs $99.99 and will be available starting October 5th in 21 countries. You can preorder it right now.
Google Nest Audio
Unlike the Google Home’s air freshener aesthetic, the Nest Audio’s soft rounded corners and vaguely rectangular shape make it more reminiscent of a loaf of bread standing on its end. Like the Nest Mini, it’s completely wrapped in fabric, which you can get in a few different colors. Also like the other Nest speakers, there are four colored LEDs embedded in the fabric that light up when the speaker hears or responds to a voice command. You
Google on Wednesday detailed its long-rumored (and leaked) Pixel 4A 5G and Pixel 5, making official what was pretty strong speculation (to put it nicely). Today’s announcement also revealed that Verizon’s version will once again cost more than the Pixel 4A 5G offered by its rivals.
Called the Pixel 4A 5G UW, Verizon’s model runs $600 and follows a trend of some of its other 5G devices in that it’s customized with millimeter-wave antennas to tap into Verizon’s fastest 5G network. Like its other 2020 5G phones, the Pixel 4A 5G will also be capable of connecting to the carrier’s wider-coverage nationwide 5G network when it launches later this year.
Rolling off the back of the extremely successful Pixel 4a, Google has announced a slightly more capable version of its budget smartphone in the form of the Google Pixel 4a 5G, and it starts at $499 USD.As it’s name might suggest, this is a fully 5G compatible smartphone and it brings some other improvements including an Ultrawide lens, an edge-to-edge OLED display, a 3.5mm headphone jack, and an improved Qualcomm Snapdragon processor. It will be released in Japan on October 15, 2020, and will “roll out to 8 other countries starting in November.”
Storied materials-science company Dow Inc. (DOW) – Get Report said that it would restructure, cutting “workforce costs” 6% and taking $500 million to $600 million of third-quarter charges for the effort.
It didn’t specify the amount of any layoffs.
The restructuring stems from the coronavirus pandemic, which has curbed demand for Dow products, the company said.
Besides the 6% cost cut, the revamp includes “[rationalizing] certain manufacturing assets,” the Midland, Mich., company said in a statement.
“These actions are expected to result in total annualized [earnings before interest, taxes, depreciation and amortization] savings of more than $300 million by the end of 2021.”
The industrial intermediates-and-infrastructure segment will shut certain amines and solvents facilities in the U.S. and Europe, as well as select small-scale downstream polyurethanes manufacturing facilities.
The performance-materials-and-coatings unit will shutter manufacturing assets, primarily small-scale coatings reactors.
“Given the expected gradual and uneven global economic recovery
Maëlle Gavet is a leading Silicon Valley executive, entrepreneur, investor, and most recently, the chief operating officer at real estate platform Compass.
The following is an excerpt from her first book, “Trampled by Unicorns: Big Tech’s Empathy Problem and How to Fix It.”
In it, she examines how Big Tech’s failure to empathize with customers and workers has led to “digital era’s equivalent of feudalism.”
In her in-depth critique of the world’s largest tech corporations — including Amazon, Uber, and Google — she crafts an earnest call to action for industry leaders, board members, employees, and consumers to get tech back on track.
Visit Business Insider’s homepage for more stories.
Right now the jury is still out on whether the tech economy is ultimately a job creator or a job destroyer. As with many of the points in this book, that topic is
The new Xbox Series S ships with just 512GB of onboard SSD storage, and new Xbox games will have to be installed on fast internal or external memory to run on the console.
Microsoft has fixed the problem by creating a custom port that takes a custom SSD drive that runs as fast as the internal storage.
That’s the 1TB Storage Expansion Card that’s currently made exclusively by Seagate.
The accessory is now available for preorder, but it costs almost as much as the Series S console.
Sony and Microsoft have started taking preorders for their new PlayStation and Xbox consoles and the new accessories made for the gaming rigs. This highly anticipated first phase of preorders was marred by issues, particularly on the PS5 side, where preorders were incredibly messy. But not all the new accessories went on sale at the