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RaceTrac looking to hire 5,000 workers

RaceTrac is looking to hire up to 5,000 store employees for the remainder of the year.

With holiday travel again on the rise, the company expects to see a surge in business taking place through the winter holidays. Both full-time and part-time positions are available in Alabama, Florida, Georgia, Kentucky, Louisiana, Mississippi, Tennessee and Texas. All positions include a variety of benefits and growth opportunities.

"I can speak from personal experience that RaceTrac is more than just a job," said Eric Ritter, executive director of store support at RaceTrac's Store Support Center in Atlanta."It is a place that is committed to its team members and to making people's lives simpler and more enjoyable."

Open roles at RaceTrac include store associates, shift managers, co-managers and general managers.

 

P&G prices rise for higher shipping, commodity costs

Proctor & Gamble is raising prices on a range of goods as higher commodity and freight costs are set to take a bite out of its profits.

The maker of Pampers diapers, Tide detergent and Crest toothpaste said Tuesday it has been raising prices on product lines including baby, family, home and fabric care. In the last few weeks, it has started telling retailers that it will boost prices on more categories including grooming, skin care and oral care. And though it's still early, the company said it has yet to notice consumer behavior changing in reaction to the higher prices.

"The degree and timing of these moves are very specific to the category, brand and sometimes the product form within a brand," Chief Financial Officer Andre Schulten said during a call to discuss quarterly results. "This is not a one-size-fits-all approach."

And though it's still early, the company has yet to see "notable changes" in consumer behavior in reaction to the higher prices, he said. Schulten said the Cincinnati company now expects a commodity hit of $2.1 billion in fiscal 2022. That's up from an estimated $1.8 billion in July.

 

Netflix boosts earnings with subscriber growth

Netflix has posted sharply higher third-quarter earnings thanks to a stronger slate of titles. Those include "Squid Game," the dystopian show from South Korea that the company says became its biggest-ever TV show.

Netflix said Tuesday that its subscriber base grew 9% from a year earlier to 213.6 million. That surpassed its own projections.

It earned $1.45 billion, or $3.19 per share, in the latest quarter. That's up from $790 million or $1.79 per share, a year earlier.

Revenue grew 16% to $7.48 billion from $6.44 billion. According to FactSet, analysts were expecting earnings of $2.56 per share on revenue of $7.48 billion.

 

SmartBank earnings beat projections

SmartFinancial Inc. on Tuesday reported third-quarter profit of $9.6 million.

The Knoxville-based bank said it had earnings of 61 cents per share. Earnings, adjusted for non-recurring costs, came to 63 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.

The bank holding company posted revenue of $39.6 million in the period. Its revenue net of interest expense was $36.7 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $32.6 million.

— Compiled by Dave Flessner

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