AT&T exceeded expectations in the third quarter by adding 403,000 wireless phone subscribers, driven by the popularity of its premium unlimited plans offering perks like increased hotspot data. Despite missing revenue estimates due to lower phone upgrade volumes, the company’s postpaid phone churn remained low at 0.78%, supported by consistent promotions. Operating expenses rose 14% primarily due to a non-cash goodwill impairment charge, with the fiber business falling short of expectations due to a work stoppage impacting installations.
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Puma’s new boss takes helm trailing Adidas and a recovering Nike
Puma's leadership has aimed to elevate the brand's image for over two years, focusing on making its sneakers and apparel more aspirational. However, new CEO Arthur Hoeld has indicated that the brand is now perceived as cheap, suggesting a disconnect between the company's goals and public perception. Want More Context? 🔎
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