What we heard on earnings calls this week.

1 BUSINESS

Business News - Opportunities - Reviews

 

 

The editors and reporters for the DealBook newsletter listen to many corporate conference calls, sift through a lot of company reports and otherwise digest all of the most important business news. These are some of the quotes that caught our attention this week:

🤑 “It’s not like Tesla’s profitability is crazy high. Our average profitability for the last four quarters is like maybe 1 percent. So just to be clear, it’s not like we’re minting money. Our valuation makes it seem like we are, but we’re not.” — Elon Musk, Tesla’s chief executive, setting the record straight

🏨 “People had to make sure they had a room before they actually showed up. That’s much less the case now.” — Leeny Oberg, Marriott’s chief financial officer, on the way hotels work now

🍝 “You wake up every day and you’re $300,000 short just in that one restaurant. That’s our best restaurant in the Olive Garden system. We do over $15 million there, and now we’re doing $2,500 a day.” — Gene Lee, the chief executive of Darden Restaurants, on the urgency of reopening the Olive Garden in Times Square

👎 “The whole thing is a crock.” — Barry Diller, the chairman of Expedia and IAC, on TikTok’s complex takeover saga

🍓 “The red berry shape reflects our heritage and the values the company was built on. The green shape is our innovative mind-set and ability to pivot to any challenge. The darker green represents our growth, teal is our people and culture, and purple represents the creativity that we hope will propel the company forward.” — Kara Buckler, the director of creative services at J.M. Smucker, on the company’s new logo

1 BUSINESS

Business News - Opportunities - Reviews

 

 

Leave a Reply