Grocery Outlet Holding Corp. announced a net loss of $180.3 million for Q1 fiscal 2026, driven by a $158 million goodwill impairment and $18.2 million in restructuring charges related to closing 27 stores under its Optimization Plan. Net sales rose 3.6% to $1.17 billion, but comparable store sales declined 1.0%. The company is focusing on improving profitability through store optimization and expects to complete related restructuring by early fiscal 2027. It reaffirmed fiscal 2026 guidance including net sales between $4.60 and $4.72 billion and adjusted EBITDA of $220-$235 million.
The global autoimmune disease therapeutics market is projected to grow from $80.54 billion in 2025 to $137.85 billion by 2035, at a CAGR of 5.52%. Growth is fueled by rising autoimmune disease prevalence, advances in biologics, JAK inhibitors, monocl...
The Vancouver Chinatown Foundation and RBC are hosting Light Up Chinatown! 2026, a free two-day festival on August 8-9 along Columbia Street in Vancouver’s Chinatown. The event features exclusive food collaborations, live music performances, family a...
New research from iSeatz reveals that U.S. travelers are increasingly strategic about travel rewards programs, with 40% treating them as financial optimization tools and 60% belonging to multiple programs. Despite high enrollment, many travelers find...
BlackRock reported quarterly earnings per share of $13.91, surpassing analyst estimates of $12.69, and revenue of $7.08 billion, exceeding expectations of $6.73 billion. The company’s assets under management reached a record $15.3 trillion, a 22% inc...
A regional nonprofit health plan reduced its Transparency in Coverage machine-readable file (MRF) production time from 45 days to less than 24 hours by integrating TALON's platform directly with its claims administration system. This eliminated a com...
