McDonald's sales surged 14% as virus restrictions eased
McDonald’s reported stronger-than-expected sales in the third quarter, boosted by larger orders and higher prices on the menu. Revenue jumped 14% to $6.2 billion in the July-September period, the Chicago burger giant said Wednesday. That beat Wall Street’s forecast of $6 billion, according to analysts polled by FactSet. Same-store sales, or sales at stores open at least a year, rose 12.7% as coronavirus restrictions eased in most markets. Per-share earnings of $2.86 also beat analysts’ forecast of $2.46.wftv.com
Buying a house? Here's where all-cash deals are most competitive
As a result, all-cash deals, which sellers favor, are rising in certain regions and at certain price points. All-cash sales now make up about 36% of the market, according to realtor.com. The highest share of all-cash sales is in Nassau County, New York, on Long Island, according to Redfin. Some markets are seeing a much lower share of cash buyers, such as Denver; San Diego; Oakland, California; and Washington, D.C. The middle-price tiers stayed about the same, and cash sales actually dropped in the $750,000-to-$1 million range.cnbc.com
Amazon sales surge during record-breaking 2020 holiday shopping season
All rights reserved)Amazon is reporting record-breaking sales over the holiday shopping season so far. The company said on Tuesday that this year’s holiday shopping season has been its largest. Amazon said small and medium-sized businesses that use the platform took-in nearly $5 billion between Black Friday and Cyber Monday, a 60% jump from last year. The firm says sales grew 22% for the period from Thanksgiving Day and Cyber Monday. Analysts say it is evident that the pandemic is leading more people to shop online.
Another booming quarter for Walmart, but sales are slowing
NEW YORK – Walmart turned out another stellar quarter as the world’s largest retailer powers through a pandemic that has felled other national chains. The U.S. on Tuesday reported the slowest monthly retail sales since the spring when the pandemic seized up the economy. Sales at Walmart stores opened at least a year— a key barometer for a retailer's health — rose 6.4%. Online sales spiked almost 80% after nearly doubling in the previous quarter. That trend continued to manifest itself Tuesday at Walmart, and Home Depot as well, which reported a 23% quarterly sales surge.
Cyber Monday's potential impact after drop in Thanksgiving weekend sales
Cyber Monday's potential impact after drop in Thanksgiving weekend sales The National Retail Federation says Thanksgiving weekend sales dropped 11 percent compared to last year. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to discuss the drop in sales and how Cyber Monday could differ.cbsnews.com