🤝 Unlock High-Converting Funnels

Author

James Miller
June 27, 2024

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Data Digest: Essential Stats for Business Owners

___% of consumers prefer to engage with brands using private messaging channels on social media rather than traditional channels.

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Business

Southwest Airlines Lowers Q2 Revenue Forecast Amid Changing Booking Patterns

Southwest Airlines announced a reduction in its second-quarter revenue forecast due to shifting booking patterns, expecting revenue per available seat mile to fall between 4% and 4.5%, a greater decline than previously estimated. Despite anticipating record quarterly operating revenue, the airline also expects higher unit expenses and increased capacity, citing complexities in revenue management as the primary cause. Activist investor Elliott Management has called for leadership changes, criticizing Southwest's ability to adapt to the evolving airline industry.

Walgreens Shares Plunge After Disappointing Q3 Earnings Report

Walgreens shares dropped over 20% after the company reported fiscal third-quarter earnings that missed expectations and lowered its full-year profit forecast due to a challenging environment for pharmacies and U.S. consumers. Despite topping revenue estimates, the company faces increased expenses and activist investor pressure, while it aims to transform into a larger health-care company and plans cost-cutting measures, including closing underperforming stores.

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