Reported about 15 hours ago
Etsy has announced a leadership change, appointing Kruti Patel Goyal as CEO, replacing Josh Silverman after eight years, amidst slowing growth expected to yield only a 1% revenue increase in 2025. Meanwhile, Kraft Heinz has downgraded its sales outlook due to weaker growth in emerging markets and significant challenges in the US retail space, with its CEO warning of the worst consumer sentiment in decades. In contrast, Teradyne reported better-than-expected earnings and a positive revenue forecast, largely driven by demand in AI applications.
Source: YAHOO