March 2, 2021 by MMR
fiscal results, fourth quarter, Target, Target chairman and CEO Brian Cornell
Featured Articles, Leading Headlines, Money, Retail News

MINNEAPOLIS — Target Corp. reported comparable digital sales growth of 118% in the fourth quarter, accounting for two-thirds of the company’s overall comp sales growth for the period. Overall comp-store sales increased by 20.5%, while comp-store sales in physical stores grew by 6.9%, the company said on Tuesday. Sales for the three months ended January
March 1, 2021 by MMR
fiscal results, fourth quarter, Publix
Leading Headlines, Money, Retail News

LAKELAND, Fla. — Publix on Monday reported strong sales gains for the third quarter and fiscal year ended December 26. Publix’s sales for the fourth quarter were $11.2 billion, a 14.8% increase from the $9.8 billion recorded in 2019. Comparable store sales for the three-month period increased 13.4%. The company estimates about $850 million, or
September 24, 2020 by MMR
Elixir brand, fiscal results, Heyward Donigan, Rite Aid, second quarter
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CAMP HILL, Pa. — Rite Aid’s second-quarter sales and earnings beat Wall Street’s forecast. Adjusted earnings per share of 25 cents topped analysts’ projection of a 1 cent loss. Revenue for the period ended August 29 climbed 11.5% to $5.98 billion, driven by store and PBM gains, and bettering the forecast $5.75 billion. The
August 19, 2020 by MMR
Brian Cornell, fiscal results, second quarter, Target, Target chairman and CEO Brian Cornell, Target Corp. Brian Cornell
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MINNEAPOLIS — Target Corp. reported record same-store sales gains in its second fiscal quarter, driven by a digital sales gain of 195%, the company announced on Wednesday. The retailer said its results reflect the continuation of heightened sales volume due to the COVID-19 pandemic. Target reported GAAP earnings per share (EPS) from continuing operations of
May 20, 2020 by MMR
first quarter, fiscal results, Target, Target chairman and CEO Brian Cornell
Featured Articles, Leading Headlines, Money, Retail News

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,
May 19, 2020 by MMR
first quarter sales, fiscal results, Jet.com, Walmart
Featured Articles, Leading Headlines, Money, Retail News

BENTONVILLE, Ark. — Walmart posted strong sales gains across its businesses in the first quarter, with demand driven by the COVID-19 outbreak. Unprecedented demand for products across multiple categories led to strong top-line results. But certain incremental costs negatively affected operating income, including costs associated with enhanced wages and benefits as well as safety and
August 1, 2019 by MMR
fiscal results, Publix, second quarter
Featured Articles, Leading Headlines, Money

LAKELAND, Fla. — Publix reported sales of $9.3 billion for the three months ended June 29. That is a 6.8% increase over the $8.8 billion recorded in the comparable period in 2018. Comparable store sales increased 4.8% in the second quarter. The company estimates that 1.2% of that increase was due to the fact that
February 1, 2019 by MMR
Amazon.com Inc., fiscal results, fourth quarter
Featured Articles, Money

SEATTLE — Amazon.com Inc. reported strong sales and net earnings gains for the fourth quarter, beating analysts’ estimates. But the company’s forecast for first quarter sales growth fell short of analysts’ projections, and shares fell in early morning trading on Friday. Net sales increased 20% to $72.4 billion in the fourth quarter ended December 31. Net