Uber, Yum Brands, Molson Coors earnings: Consumer in Focus

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Brad Smith,Consumer Spending,Reported Earnings

Three major consumer brands reported earnings this morning, providing key insight into the overall state of consumer spending. Wealth! Host Brad Smith breaks...

Three major consumer brands reported earnings this morning, providing key insight into the overall state of consumer spending. Wealth! HostRide shares and food delivery are still in the budget according to Uber, as quarterly results revealed increased demand in its second quarter, gross bookings for mobility which is driven by their ride sharing unit grew 23% year over year while gross for delivery grew 16% for those driving passengers and delivering food.This translated to $17.

But the one bright spot in the report, Taco Bell, the chains value meal deal, the $7 Lux Craving box helped grow us same store sales by 5% year over year during the quarter. Sonos has delivered on its promise to expand TV audio swap for its new Ace headphones. Starting on Tuesday, Ace owners can swap their audio with the Ray and both generations of the Beam.

Louisiana Governor advises parents upset about Ten Commandments display in schools: ‘Tell the child not to look’The Prince of Wales is looking forward to touring the exhibition showcasing established creatives such as photographer Rankin and emerging artists.

 

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