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On an adjusted basis, it earned $1.94 per share, beating analysts’ estimates by 4 cents. Revenue rose to $19.85 billion from $18.98 billion. U.S. revenue was up almost 6 percent at $12.6 billion, helped by a nearly 5 percent increase in revenue per parcel. International revenue increased 2.9 percent to $3.8 billion. “It looks like UPS is starting to turn the corner on operating performance in domestic,” Bernstein analyst David Vernon said in a note crystal cufflinks. He said strong international results indicated the company was reaping the rewards of recent investments in larger aircraft..
LONDON (Reuters) – Unilever is stockpiling ice creams in Britain and deodorants in continental Europe to guard against potential supply disruptions in the event of a no-deal Brexit. The Anglo-Dutch consumer giant, which is the world’s largest ice cream seller, makes British favorites like Magnum bars in Italy and Germany and is building up a few weeks of extra inventory in Britain in case of any border delays crystal cufflinks. Likewise, several of its European deodorants, including Axe, Dove and Rexona are made in Britain..
“A few weeks of extra inventory is one of the important steps we are taking to make sure that we minimize any disruption to our customers and consumers,” Alan Jope, Unilever’s new chief executive, told reporters on Thursday. He said “weeks of inventory, not months and not days” was the right amount for consumer packaged goods crystal cufflinks. “One of the lessons we learn over and over again is when you do build inventory, it very often ends up being not exactly the right mix of products.”..
With Britain at risk of leaving the European Union without a deal, Unilever is the latest consumer and retail firm to take such measures to keep imports and exports smooth. Unilever makes other British staples, such as Marmite spread, in Britain. In addition to finished goods, Unilever is also increasing stocks of raw materials such as aluminum cans and cardboard. Such logistical costs are among those the Anglo-Dutch company has incurred this year to prepare for Brexit. The others are artwork changes to labels to prepare for different regulations and the hiring of customs experts crystal cufflinks.
(Reuters) – Sprint Corp on Thursday posted third-quarter revenue that beat estimates while the U.S. wireless carrier lost fewer customers than expected even as it cut back on price promotions to improve financials. The company posted a net loss of 3 cents a share versus a net profit last year, when it benefited from a U.S. tax cut crystal cufflinks. Analysts had expected a loss of just 2 cent a share. Chief Executive Officer Michel Combes told analysts during the earnings call that Sprint must complete its merger with T-Mobile US Inc to effectively compete against larger rivals Verizon and AT&T. At the same time, it has pursued a plan to pull back on expensive price promotions to stabilize the business, which has struggled with negative perceptions of network quality..