All articles tagged with #us sales
Pokémon Legends: Z-A has achieved the biggest physical game launch in the US in over two years, since Tears of the Kingdom, despite not matching the series' previous sales peaks, and has had a modest launch in Europe and Japan.
Crocs' US sales declined by 6.5% in Q2 as consumers shifted towards trainers ahead of major sporting events, leading to a 30% drop in share price and a warning of a challenging second half of the year due to economic cautiousness and tariffs. Despite struggles in the US, Crocs saw growth in China through influencer marketing, but overall revenue increased slightly, though with a significant pre-tax loss.
Nintendo Switch 2 has set a new record for the biggest launch week of any gaming hardware in US history, selling 1.1 million units, and has also achieved the largest launch in Japan with nearly 948,000 units sold in four days, making it the fastest-selling Nintendo console ever and potentially the biggest console launch overall.
Polestar has officially launched the 2026 Polestar 4 SUV in the US, with prices starting at $56,400 for the base model, built in South Korea, and available in five variants. The vehicle, which was initially delayed due to production and tariff issues, now offers improved performance and updated features, with deliveries expected to begin this fall.
Lululemon's stock rose by 8% after the company reported a 9% increase in sales, driven by strong international growth that offset slowing U.S. sales. The athletic apparel retailer exceeded Wall Street's expectations for both earnings and revenue in its fiscal third quarter, with earnings per share at $2.87 and revenue at $2.40 billion. Despite challenges in the U.S. market and increased competition, Lululemon's international sales surged by 25%, contributing to overall growth. The company also announced a $1 billion increase in its stock repurchase program to maintain investor confidence.
Ford Motor Co's stock is gaining attention as the company reported a 6.8% increase in U.S. vehicle sales in the first quarter, with strong growth in electric and hybrid vehicle sales. The company's F-Series started the year as America's best-selling truck, and the new F-150 is expected to further drive sales across gas, hybrid, and electric vehicle segments. Ford is set to report its first-quarter financial results in about a month, with analysts expecting earnings of 49 cents per share on revenue of $40.71 billion. As a result, Ford's shares were up 1.47% at $13.46 at the time of publication.
General Motors reported a 1.5% dip in US sales for Q1, attributed to lower fleet sales, but retail deliveries surged 6%, with trucks and pickups driving the performance. The company delivered 594,233 vehicles, surpassing estimates, and saw gains in SUV and pickup sales, particularly in the retail sector. Despite a 23% drop in fleet sales due to production constraints, GM's retail market share increased, and its EV sales, including the Cadillac LYRIQ and Hummer EV, showed significant growth. GM's ability to leverage traditional gas powertrain vehicle sales has helped it weather the current EV demand slump, with the highly anticipated Equinox EV set to begin sales in Q2.
Temu spent heavily on six Super Bowl ads and $10 million in giveaways in an effort to boost slowing US sales, as observed sales fell 12.5% month-on-month in December and 4.8% in January, marking a significant decline from its mid-2023 growth.
Hogwarts Legacy became the first non-Call of Duty or Rockstar game in 15 years to top US sales, with Call of Duty still being the best-selling franchise. PS5 was the best-selling console, helping Sony set a new record for PlayStation hardware sales in December, with total US consumer spending on game hardware, content, and accessories reaching $57.2 billion in 2023.
Beyond Meat reported a nearly 9% decline in revenue for the third quarter, with higher sales in Europe failing to offset plummeting demand in the US. The company plans to cut 65 non-production jobs, about 19% of its workforce, and conduct a broader review of its operations. Beyond Meat's CEO mentioned considering cutting underperforming product lines and reducing operations in China. The company attributed the decline in US sales to factors such as misinformation about plant-based meat, higher prices, and limited-time promotions not being repeated.
Anheuser-Busch InBev, the world's largest brewer, reported a 13.5% decline in US sales in the latest quarter, largely attributed to a boycott of Bud Light following a controversial marketing campaign with transgender influencer Dylan Mulvaney. Bud Light was also dethroned as the top-selling beer in the US by Modelo. While other global regions saw growth, AB InBev's US revenues fell nearly 14%. The company plans to focus on uncontroversial marketing campaigns and has announced a multiyear sponsorship deal with the Ultimate Fighting Championship to win back customers.
AB InBev, the world's largest brewing company, exceeded expectations in Q3 with a 5% increase in revenue, reaching $15.57 billion. However, the ongoing Bud Light controversy, including a boycott led by conservatives protesting the brand's partnership with a transgender influencer, continued to impact U.S. sales, resulting in a 13.5% drop in revenue and a 29.3% decline in EBITDA. Despite this, the company's performance in other markets, such as the Middle East, Africa, and Asia-Pacific, helped offset the weak U.S. sales. AB InBev also announced a $1 billion share buyback and a cash tender offer for up to $3 billion outstanding bonds as part of its focus on deleveraging.
Honda Motor reported a 78% rise in quarterly profit, driven by increased sales in the North American market and a weaker yen. The company's operating profit for the three months through June was 394.4 billion yen ($2.76 billion), surpassing analysts' estimates. Honda benefited from strong sales in the US, with a 44.7% year-on-year increase, while facing a 5% drop in sales in China due to local competition and the shift to electric vehicles. The company maintained its forecast for a 1.0 trillion yen operating profit for the year.
Ford Motor reported a 5.9% increase in U.S. sales in July, driven by strong demand for its pickup trucks and the Bronco SUV. However, sales of its electric vehicles (EVs) lagged behind, with the electric F-150 Lightning experiencing a drop of over 28% due to a factory shutdown for production upgrades. The company expects slow Lightning sales until mid-September as it rebuilds dealer inventories, but plans to produce over 70,000 Lightnings in 2023. Sales of the electric Mustang Mach-E also fell, while the E-Transit commercial van saw a 50% increase in sales. Ford's internal-combustion and hybrid models continue to perform well, with the Bronco SUV, Ranger, and Maverick pickups showing strong sales growth.