BOISE, Idaho — Albertsons Cos. reported top and bottom line gains for its fiscal first quarter, and raised its outlook for the year. The company said Tuesday that identical sales increased 6.8% for the quarter, which ended June 18. Digital sales increased 28%, and net income increased about 8.1%, to $484.2 million, or $0.84 per
PHILADELPHIA — Rite Aid on Thursday reported a narrower first quarter loss and more revenue than analysts had expected. The company’s adjusted loss per share of 60 cents for the period ended May 28 was smaller than Wall Street’s consensus projection of a7 0 cents loss. Sales of $6.01 billion beat the predicted $5.7 billion.
CHESAPEAKE, Va.— Dollar Tree reported a 43.2% increase in net income, to $536.4 million for the first quarter ended April 30. Diluted earnings per share for the quarter increased 48.1% to a first-quarter company record $2.37, compared to $1.60 in the prior year’s quarter, the company said Thursday. Consolidated net sales increased 6.5% to $6.90
ZAANDAM, Netherlands — Ahold Delhaize said its global retail portfolio reported sales growth of 8.3% in its first quarter as food-at-home consumption continued to prove resilient. Sales benefited from recent store acquisitions as well as favorable currency rates; at constant exchange rates, net sales increased 3.6% in the period to April 3. Net sales at
BENTONVILLE, Ark. – Walmart posted mixed results for the first quarter of fiscal 2023. Adjusted earnings per share for the three months ended April 30 were $1.30, well short of the $1.48 that analysts had forecast. The company said inflation hurt the bottom line. Revenue beat analysts’ estimates, rising 2.4% to $141.57 billion. Wall Street
WOONSOCKET, R.I. — CVS Health reported strong first quarter results, topping analysts’ forecasts for revenue and earnings. Total revenue for the period ended March 31 climbed 11.2% from the year-ago quarter to $76.8 billion, driven by growth across all segments. Wall Street had estimated revenue of $75.3 billion. Adjusted earnings per share rose 8.8% to
LAKELAND, Fla. — Publix reported sales of $13.2 billion for the first quarter of fiscal 2022, a 13.5% increase from $11.7 billion in 2021. Comparable store sales for the three months ended March 26 increased 11.7% over the prior-year period. Net earnings for the quarter were $618 million, a decline of 58.7% versus the prior
DEERFIELD, Ill. — Walgreens Boots Alliance’s (WBA’s) first quarter sales and profits topped Wall Street’s expectations, and its own. Customers flocking to stores for COVID vaccines and tests helped drive a 7.8% increase in sales, to $33.9 billion, for the three-month period ended November 30. That easily topped analysts’ prediction of $32.7 billion. Adjusted earnings
ISSAQUAH, Wash. — Costco Wholesale Corp. reported strong sales gains in the first quarter of fiscal 2022, which ended on November 21. Net sales for the first quarter increased 16.7%, to $49.42 billion, up from $42.35 billion in the same quarter last year. Comparable sales in the United States increased 14.9% (9.9% when the effects
CINCINNATI — Kroger on Thursday reported first-quarter results that beat analysts’ expectations. The retailer also raised its guidance for the year and announced a new $1 billion share repurchase plan. “Kroger is even better positioned to connect with our customers than we were prior to the pandemic as a result of our relentless focus on
MINNEAPOLIS — Target Corp. on Wednesday said that its comparable sales grew 22.9% in the first quarter, on top of 10.6% growth last year. Comp sales in stores increased 18%, and digital comparable sales grew 50%, on top of 141% growth a year ago. Same-day services (Order Pickup, Drive Up and Shipt) grew more than
BENTONVILLE, Ark. — Walmart on Tuesday reported first-quarter sales and earnings that handily beat expectations. Comp sales for the company’s Walmart U.S. division increased 6.0% with market share gains in grocery and operating income increased 26.8%. Walmart U.S. e-commerce sales grew 37% with strong results across all channels, contributing approximately 360 basis points to comp