Abercrombie & Fitch raised its annual sales growth forecast and beat first-quarter estimates, with new and on-trend apparel and accessories driving demand at its Hollister and namesake brands.
Google is considering acquiring HubSpot, a US marketing software maker with a market value of billion, to enhance its ability to compete against Microsoft in offering cloud-based applications to companies.
Global brewers are expected to see an increase in beer sales this year, with factors like sports events, slower inflation, and weather patterns contributing to the growth. Heineken and Carlsberg have already reported higher volumes after a period of decline, while Anheuser-Busch InBev’s sales were impacted by a boycott but are expected to improve. Price increases have been the main driver of revenue growth in recent years, but with cost increases easing, volume growth is expected to become a more significant revenue driver. This shift is also expected to help improve margins for brewers.
McDonald’s is expected to report a sequential drop in sales growth for the fourth straight quarter as low-income consumers remain hesitant about eating out.