SEATTLE — Amazon posted a profit of $14.3 billion in the fourth quarter, nearly doubling year over year despite heavy spending to ensure prompt deliveries. Amazon also announced it will help offset rising fulfillment costs by raising the price of Prime, increasing the annual fee for U.S. members by $20 to $139. Amazon’s profit in
BENTONVILLE, Ark. — Walmart wrapped up its 2022 fiscal year on a resoundingly strong note, beating Wall Street’s expectations for fourth quarter adjusted earnings, revenues and same-store sales. The flagship Walmart U.S. division, moreover, topped $100 billion in quarterly sales for the first time. “We had another strong quarter to finish off a strong year,”
BENTONVILLE, Ark. — Walmart wrapped up its 2022 fiscal year on a resoundingly strong note, beating Wall Street’s expectations for fourth-quarter adjusted earnings, revenues and same-store sales. The flagship Walmart U.S. division, moreover, topped $100 billion in quarterly sales for the first time. “We had another strong quarter to finish off a strong year,” said
ISSAQUAH, Wash. — Costco Wholesale Corp. on Thursday evening reported fourth-quarter earnings that beat Wall Street expectations. The warehouse club operator said its net income for the fourth quarter ended August 29 totaled $1.67 billion, or $3.76 per diluted share. That compared to $1.39 billion, or $3.13, last year. Wall Street had been expecting earnings
CAMP HILL, Pa. — Rite Aid Corp. reported that fourth quarter 2021 financial results were significantly impacted by a soft cough, cold and flu season, ongoing impacts related to COVID-19 and challenging weather conditions. As a result, the company is updating its guidance for the fiscal year ended February 27, 2021. “During the fourth
CINCINNATI — Propelled by consumer behavior changes triggered by the COVID-19 pandemic, Kroger Co. saw its bottom line grow by more than 50% in fiscal 2020, despite a hefty charge to adjust union pension commitments that hammered results for the fourth quarter. Looking ahead, executives expressed confidence that their business model will be able to
CINCINNATI — Kroger Co. on Thursday reported solid fourth-quarter results that included an identical store sales gain of 10.6% (excluding fuel) and digital sales growth of 118%. “I am incredibly humbled by the strength of our associates and what we continue to accomplish together,” Kroger chairman and CEO Rodney McMullen said. “Our customers are at
CHESAPEAKE, Va. — Dollar Tree Inc. said Wednesday that its net sales and comp store sales increased in the fourth quarter, and suggested that various strategic initiatives are gaining traction, including a new format for small towns that combines the Dollar Tree and Family Dollar brands. Consolidated net sales totaled $6.77 billion for the fiscal
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
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
ASHEVILLE, N.C. — Ingles Markets Inc. on Tuesday reported increased sales and net income for the fourth quarter and fiscal year ended September 26. Net sales totaled $1.20 billion for the fourth quarter, an increase of 11.3% compared with $1.08 billion for the year-ago period. Gross profit for the fourth quarter of fiscal 2020 totaled
The fourth quarter of the calendar year, always a pivotal time for retailers, is in 2020 shaping up as a make-or-break period. Rocked by the COVID-19 pandemic and subsequent measures to limit the virus’ spread, many retailers have seen business fundamentals, already shaken by e-commerce and changing consumer behavior, further undermined. A new report by