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.
BRUSSELS — Delhaize Group on Wednesday posted a nearly fourfold rise in first quarter profit, as sales increased in each of its major regions of the United States, Belgium and southeastern Europe. For the quarter ended March 31, Delhaize’s net profit was 109 million euros ($123 million), up from 28 million euros a year earlier.