May 9, 2024 - Business

Learnings from earnings

Illustration of a brain shaped like a dollar sign

Illustration: Natalie Peeples/Axios

Here are my key takeaways from several major earnings reports:

๐Ÿƒโ€โ™€๏ธPlanet Fitness: The chain lowered its outlook for 2024 after a disappointing start to the year and said it's raising its base monthly membership fee for newcomers from $10 to $15.

๐Ÿ‘œ Tapestry: The owner of Coach and Kate Spade reported a 1.8% revenue decline, putting additional pressure on the luxury goods company to complete its proposed acquisition of Capri Holdings โ€” a deal the FTC is trying to block.

๐Ÿ“บ Warner Bros. Discovery: As NBA rights negotiations continue, the company is "hopeful that we'll be able to reach an agreement that makes sense for both sides," CEO David Zaslav said.


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

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