BOISE, Idaho – Albertsons Cos. reported net income of $586 million in its first quarter, with pandemic-related demand pushing up identical-store sales by 26.5%, the company said Monday. Digital sales increased 276% in the 16 weeks to June 20, as more shoppers sought to stock up on food and essentials from the safety of their
CINCINNATI – The Kroger Co. said fiscal first-quarter sales rose 19.1% to $42 billion. Digital sales increased 92% in the quarter ended May 23, and same-store sales, excluding fuel, were up 19%, the company said Thursday. Operating profit in the quarter was $1.3 billion. Kroger said it spent more than $830 million in the quarter
CHESAPEAKE, Va. — Dollar Tree said same-store sales jumped 7% in its fiscal 2020 first quarter as shoppers stockpiled food and other essentials at the outset of the coronavirus pandemic. Comparable-store sales for the Family Dollar segment increased 15.5% from a year earlier, while comps at the Dollar Tree segment declined 0.9%, the company said
GOODLETTSVILLE, Tenn. — Dollar General Corp. posted strong sales gains in the first quarter, as consumers continued to flock to its stores for essentials in response to the COVID-19 pandemic. The company on Thursday reported that net sales increased 27.6% in the 13-week fiscal first quarter ended May 1. Same store sales increased 21.7%. Operating
MINNEAPOLIS — Target beat sales expectations in the first quarter, with total revenue that grew 11.3% compared to last year. Earnings fell as consumers spent less on higher margin products like apparel, and the retailer boosted wages and spending on safety measures related to COVID-19. Target’s total comparable sales grew 10.8% in the first quarter,
WOONSOCKET, R.I. — Strong sales during the early stage of the coronavirus pandemic helped lift CVS Health’s first quarter earnings well above Wall Street’s projection. The company’s adjusted earnings per share of $1.91 easily topped analysts’ prediction of $1.63. The comparison is skewed however, by the inability of forecasters to have projected the extent of
BENTONVILLE, Ark. — Walmart on Thursday reported first quarter net income of $3.84 billion as revenue rose 1% to $123.9 billion. U.S. same-store sales increased 3.4% in the 13 weeks ended April 30. That was the best performance by that metric in nine years, the company said. Net sales in the United States increased 3.3%.
WOONSOCKET, R.I. — CVS Health on Wednesday announced operating results for the first quarter ended March 31. The drug store chain reported a 42% increase in profit for the three months and raised its adjusted earnings forecast for the year, as it benefits from its $69 billion purchase of health insurer Aetna. “We generated strong
SEATTLE — Amazon said its profits more than doubled in the first quarter, rising to $3.6 billion and topping the previous record of $3 billion set last quarter. Amazon also announced that it plans to shift the core benefit of its Prime subscription program into free one-day shipping. That news came during an earnings call
GOODLETTSVILLE, Tenn. — Dollar General Corp. said Thursday that revenue jumped 30.5% to $6.1 billion in its first quarter as net sales increased 9%. Comparable-store sales rose 2.1% in the 13 weeks to May 4. First-quarter net income rose 9% to $365 million, or $1.36 per share. Dollar General reiterated its forecast for full-year earnings
LAKELAND, Fla. — This year’s late Easter hurt first quarter volume at Publix Super Markets Inc., by shifting sales into the second quarter. Publix’s sales for the first quarter of 2017 were $8.69 billion, a 0.4% decrease from last year’s $8.72 billion. Comparable-store sales for the first quarter of 2017 decreased 2.1%. The company estimates the
BENTONVILLE, Ark. — Walmart reported better-than-expected results for the first quarter, with earnings-per-share and comp-store-sales figures that exceeded the company’s guidance. Walmart’s earnings per share (EPS) for the quarter were 98 cents. According to Thomson Reuters I/B/E/S, analysts had estimated the company’s EPS would come in at 88 cents. Comparable store sales for Walmart U.S.