Molson Coors is the latest addition to a growing list of companies reversing their diversity, equity and inclusion policies. In an internal memo sent Wednesday and obtained by CNBC, Molson Coors executives said the company will be getting rid of supplier diversity quotas, adding that they can be "complicated and influenced by factors outside of [the company's] control." But the brewer has said that it will continue to make sure its suppliers are representative of the company's diverse consumer base. "We are ...

Core Viewpoint - Brown-Forman Corp., the maker of Jack Daniel's whisky, is retracting its diversity, equity, and inclusion (DEI) initiatives due to social media pressure and the threat of a boycott led by activist Robby Starbuck [1][2][3]. Group 1: Company Actions - Brown-Forman will cease linking bonuses and pay to DEI progress, end participation in LGBTQ-friendly workplace rankings, and abandon plans for a more diverse supplier base [3]. - Previously, 10% of executives' short-term compensation was tied to DEI goals, as noted in the 2023 annual report [3]. - The company initiated its DEI goals in 2019 but has now decided to adjust its approach in response to changing business and legal environments [4]. Group 2: Market Reaction - Following the announcement, Brown-Forman shares experienced a slight dip of less than 1% [4]. Group 3: Industry Trends - Major firms, particularly those with a strong customer base in conservative regions, are increasingly retracting DEI policies under pressure from activists [2][6]. - The shift in corporate policies reflects a broader trend where companies are responding to consumer sentiment, with only 38% of Americans supporting corporate stances on current events [7]. - Companies like Tesla, Home Depot, Wayfair, and Walmart have also been phasing out DEI leadership goals due to consumer backlash [6]. Group 4: Public Perception - There is a growing perception that DEI initiatives may lead to unfairness in hiring and promotions, with some employees feeling overlooked based on ethnicity or sexuality [10][11]. - The backlash against DEI policies is illustrated by the experiences of companies like Target and Bud Light, which faced significant financial losses following their social justice initiatives [9][10].

Douglas Emmett, Inc. (NYSE:DEI) Q2 2024 Earnings Conference Call August 9, 2024 2:00 PM ET Company Participants Stuart McElhinney - Vice President of Investor Relations Jordan Kaplan - President and Chief Executive Officer Kevin Crummy - Chief Investment Officer Peter Seymour - Chief Financial Officer Conference Call Participants Blaine Heck - Wells Fargo Alexander Goldfarb - Piper Sandler Michael Griffin - Citi Steve Sakwa - Evercore ISI John Kim - BMO Capital Markets Upal Rana - KeyBanc Capital Markets Pe ...

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number: 001-33106 Douglas Emmett, Inc. (Exact name of registrant as specified in its charter) Maryland 20-3073047 (State or other jurisdict ...

For the quarter ended June 2024, Douglas Emmett (DEI) reported revenue of $245.78 million, down 3% over the same period last year. EPS came in at $0.46, compared to -$0.04 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $246.45 million, representing a surprise of -0.27%. The company delivered an EPS surprise of +6.98%, with the consensus EPS estimate being $0.43. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Douglas Emmett (DEI) came out with quarterly funds from operations (FFO) of $0.46 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to FFO of $0.48 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 6.98%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.43 per share when it actually produced FFO of $0.45, delivering a surprise of 4.65%. Over the last four quar ...

TT 1 8 0 1 1 :41 SECOND QUARTER 2024 EARNINGS RESULTS & OPERATING INFORMATION Executive Summary We own and operate 18.0 million square feet of Class A office properties and 4,483 apartment units (excluding our residential development pipeline and the vacated Barrington Plaza units) in the premier coastal submarkets of Los Angeles and Honolulu. Quarterly Results: For the quarter ended June 30, 2024 compared to the quarter ended June 30, 2023: • Our revenues decreased by 3.0% to $245.8 million, as higher park ...

Wall Street analysts expect Douglas Emmett (DEI) to post quarterly earnings of $0.43 per share in its upcoming report, which indicates a year-over-year decline of 10.4%. Revenues are expected to be $246.45 million, down 2.8% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Prior to a company ...

Tennessee-based Tractor Supply Company, which claims to be the nation's largest rural lifestyle retailer and ranked number 32 in the National Retail Federation's Top 100 retailer list in 2023, just ignited a firestorm of controversy in some circles as it sought to avoid one in others. Tractor Supply reacted post-haste after Robby Starbuck, with some 500,000 followers on X, launched a campaign on June 6 calling for a boycott of Tractor Supply. He and his team determined the company's existing DEI and ESG pol ...

Tennessee-based Tractor Supply — an 85-year-old company with 2,250 stores — made the decision after conservative commentator Robby Starbuck called for a boycott over the past three weeks on X. For nove than 85 years, Tractor Supply has been focused on one thing. .. serving Life Out Here. Every day our 50,000 Team Members take care of our custo like family. We dee Coring how all on and anation and prima for a comments. 3 "We have heard from customers that we have disappointed them," Tractor Supply said, addi ...