Last week, Zynga reported Q2/2020 earnings with record revenues and bookings, as the mobile game company fueled growth through focusing on its portfolio of live services games and acquiring other high-growth franchises. [more]
According to trend-tracking and prediction technology firm RIWI, data suggests U.S. economic recession is much deeper than current jobs data is reporting and Biden has a slight lead on Trump for the Presidential election but beware of the “shy Trump voter” effect. [more]
This week, franchise restaurants Dunkin’ Brands, McDonald’s, Restaurant Brands International, and Starbucks, reported Q2/2020 earnings. Most franchises experienced double-digit revenue decreases. Dunkin’ Brands expects to close ~800 stores; Starbucks plans to close 400 locations. [more]
Last week, Alphabet, Amazon, Apple, Facebook, and Microsoft, reported better-than-expected quarterly earnings, as most of these big tech companies strongly outperformed against the broader market during the COVID-19 pandemic. With large cash balance and solid cash flows, these Tech Giants are poised to seize opportunities in this unsettled market. [more]
Last week, Canada started rolling out Phase 3 of the re-opening guidelines for businesses with indoor retail operations to start offering more services. However, several months of prolonged lockdowns already forced small businesses to close and larger corporations to pull operations out of Canada. [more]
Gross sales reported by A&W restaurants in the royalty pool dropped 28% year-over-year. At its peak, 230 of 971 A&W restaurants in the royalty pool were temporarily closed due to the coronavirus; currently only 21 restaurants remain closed. [more]
Earlier this month, California-based Perfect Day, a food technology company focused on plant-based dairy products, announced an expansion to its Series C funding round through a US$160 million investment led by the Canada Pension Plan Investment Board, increasing total proceeds to US$300 million. [more]
Quarterly revenue reached $86.6M, up 74% year-over-year. For the first time, the meal-kit provider & online grocer reported positive Net Income and positive EBITDA. Buoyed by the financial results, Goodfood announced a C$35 million bought deal financing at a price of C$6.05 per share. [more]
Rocket Companies’ flagship business, Rocket Mortgage, an online mortgage origination platform and app, reported over US$1 trillion in home loans to date, growing in market share to 9.2% in Q1/2020 from 1.3% in 2009, at a CAGR of 19%. [more]
Cannabis stock prices continue to be under pressure as the overall market struggles to find footing amid the coronavirus crisis with numerous companies announcing impairments, write-downs, deal adjustments, and financings. However, some companies continue to execute partnerships and launch new retail stores. [more]
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