GOODLETTSVILLE, Tenn. — Dollar General Corp. reported a strong performance in the third quarter of fiscal 2019, as both earnings and sales exceeded Wall Street expectations. Net income for the quarter ended November 1 advanced 9.4% to $365.6 million, or $1.42 per diluted share, which beat the average estimate of analysts surveyed by Zacks Investment
CINCINNATI — Both operating and net income tumbled by double digits during the third quarter at Kroger Co., while both sales and adjusted earnings fell short of analysts’ forecasts. As a result, the share price of the nation’s largest supermarket operator fell approximately 2% in early trading after results were announced. Reported net income for
WASHINGTON — Americans shopped in record numbers over this year’s Thankgiving holiday weekend, the National Retail Federation said Tuesday. A survey conducted for the NRF by Prosper Insights & Analytics found that a record 189.6 million U.S. consumers shopped in stores and online from Thanksgiving Day through Cyber Monday this year. That’s up 14% over
PURCHASE, N.Y. — PepsiCo Inc. has entered into a definitive agreement to acquire BFY Brands, the maker of PopCorners snacks, expanding its better-for-you portfolio and production capabilities. Upon closing, BFY Brands will report to PepsiCo’s Frito-Lay North America division. “BFY Brands offers distinctive products that deliver the great taste and ingredients consumers are looking for,”
NEW YORK — Sundial Brands’ founder Richelieu Dennis said he is transitioning from his roles as chair and chief executive officer of the company to establish and lead Sundial’s new Social Mission Board, as well as focus on his new entrepreneurial ventures. Meanwhile, Cara Sabin has joined Sundial Brands as chief executive officer. In this
CHESAPEAKE, Va. — Dollar Tree on Tuesday reported net sales rose 3.7% to $5.75 billion in the third quarter and comparable-store sales increased 2.5%. But the retailer said higher costs associated with the U.S.-China trade war will add $19 million in costs in the current quarter, when per-share earnings are projected to miss Wall Street
NEW YORK — Seventy-nine percent of consumers will shop for holiday gifts during the period between Thanksgiving and Cyber Monday, according to Deloitte LLP, which has dubbed the upcoming weekend “the most wonderful time of the year” for retailers. Shoppers are expected to spend an average of $415 over Thanksgiving weekend, with 87% of those
DEERFIELD, Ill. — Walgreens will open 14 UnitedHealthcare Medicare services centers in stores in five metropolitan areas as part of a multiyear agreement. “We are expanding access to UnitedHealthcare Medicare resources to better serve our members, providing them with all the valuable benefits they have come to expect from their UnitedHealthcare Medicare Advantage plans plus
CINCINNATI — Kroger Co. is emphasizing its grocery heritage and its food bona fides with a new logo and a marketing campaign built around the slogan Fresh for Everyone. Food is also a key strength Kroger focused on during its investor conference earlier this month, during which company executives argued that the Restock Kroger initiative
BENTONVILLE, Ark. — Walmart has promoted Kathryn McLay to lead Sam’s Club as the division’s new president and chief executive officer. McLay succeeds John Furner, who was elevated last month to the role of president and CEO of Walmart’s U.S. division. McLay’s promotion comes less than a year after she was named executive vice president
SEATTLE — Amazon has confirmed plans for a new grocery format under the Amazon brand that will debut next year in the Woodland Hills neighborhood of Los Angeles. The format will be distinct from the company’s Whole Foods Market chain, according to published reports. The inaugural store will be larger than its Amazon Go convenience
CARLISLE, Pa. — GIANT Food Stores recently celebrated the grand openings of supermarkets in Quarryville, Columbia and Lebanon, Pa. The stores are former Musser’s Markets outlets in central Pennsylvania that GIANT agreed to acquire in August. All have been converted to the GIANT banner. The stores operate 6 a.m. to 10 p.m., seven days a