Feb 13, 2024 - Economy

Learnings from earnings

Illustration of a chalkboard shaped like a dollar sign

Illustration: Natalie Peeples/Axios

Here are Nathan's takeaways from key major earnings reports today:

🏨 Marriott International: The hotel giant said it sees growth "normalizing" this year. Investors sent the stock down 5.6% — down from its all-time high last week.

🪀 Hasbro: This is a company in search of answers. The toymaker's full-year revenue fell 15%, and it now it expects all three of its major segments to report sales declines in 2024.

🍔 Restaurant Brands International: Like many of its competitors, the fast-food giant — whose brands include Burger King, Popeyes and Tim Hortons — is experiencing challenges due to the "conflicts in the Middle East."

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This story was an excerpt from Axios Closer, a recap on the day's biggest business stories.

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