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Johnson and Johnson discontinue the sale of talc-based baby powder in the U.S and Canada.
The company’s store sales decrease as an impact of the pandemic. However, the company has sustained itself through opening of online outlets.
Walmart’s operating expenses as a percentage of revenue fell significantly. Operating expenses accounted for just 20.3% of Walmart’s revenue last quarter, versus 20.9% a year ago.
DRAM and NAND prices decline in May, with for DDR4 4GB 512Mx12 eTT and 64Gb 4Gx8 MLC dropping around 14%.
The company has suffered a huge loss due to closed theatres due to lockdown and asset impairment charges and has taken various measures to ensure the business stays viable in the long run
Luby’s Inc announced the result for second quarter of 2020 on 3 June 2020. Company has reported week finacial result with net loss of $3,803.
H&R Block Inc reported a 73.2% decline in earnings for its fiscal year ended April 30, 2020 .
The pandemic has affected the business in second quarter but the margins have not suffered much, revenue decline is mainly due to the impairment costs.
Amwell confidentially filed for an IPO after raising $194 in May, given the skyrocketing demand for remote healthcare.
The Pandemic has affected the business the revenue along with the gross margins and net income has suffered its effects the company has efficiently managed its inventory and response towards the COVID-19 situation.