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third quarter

Dollar Tree’s third quarter sales growth outpaces competitors

CHESAPEAKE, Va. — Dollar Tree Inc. reported third quarter financial results that were in line with expectations and reflect continued execution across all lines of its business transformation. “In a challenging retail environment where the accumulating pressures of inflation, reduced government benefits and depleted savings have negatively affected lower-income consumers, our top-line performance outpaced most

Walmart tops analysts’ Q3 forecast

BENTONVILLE, Ark. — Wal­mart cited strong grocery sales and gains in e-commerce in posting fiscal third quarter earnings that beat consensus estimates. “We had strong revenue growth across segments for the quarter, and we’re excited to get an early start to the holiday season,” said Doug McMillon, Walmart’s president and chief executive officer. Walmart said

Target beats profit projection for third quarter

MINNEAPOLIS — Target Corp. posted better-than-expected earnings for its fiscal third quarter despite another decline in comparable-store sales. Shoppers remain cautious, the company said, but did spend for necessities like food, school supplies and beauty aids. Comparable sales were down 4.9% in the three months to October 28. In-store comps declined 4.6% while digital comps

BJ’s cuts guidance after strong Q3

MARLBOROUGH, Mass. —BJ’s Wholesale Club reported strong third quarter results driven by membership growth and traffic and margin improvement. Comparable-club sales, excluding gasoline sales, remained approximately flat year over year. But the company said its digitally enabled comparable sales growth was up 16% year over year. And membership fee income increased by 6.6% year over

CVS’ third quarter sales and profits beat forecasts

CVS’ third quarter sales and profits beat forecasts

WOONSOCKET, R.I. —  CVS Health topped Wall Street’s estimates for third-quarter revenue and earnings. Adjusted earnings per share of $2.21 exceeded analysts’ predicted $2.13, while revenue of $89.76 billion beat the forecast of $88.2 billion. “Our colleagues helped us deliver another quarter of positive results across our business areas,” said president and CEO Karen Lynch.

Target cuts sales forecast for holiday season

Target cuts sales forecast for holiday season

MINNEAPOLIS — Target Corp.’s shares fell in early trading on Wednesday, after the company reported softening sales and a drop in earnings for its fiscal third quarter. Target reported that its comparable sales increased 2.7% in the quarter, on top of 12.7% growth in last year’s quarter. That performance was led by growth in such

Amazon posts profit in fiscal third quarter

Amazon posts profit in fiscal third quarter

SEATTLE — Amazon reported that its net sales increased 15% to $127.1 billion in the third quarter, compared with $110.8 billion in the third quarter of 2021. Excluding the $5.0 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased by 19% compared with last year’s third quarter. Net

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