ISSAQUAH, Wash. — Costco Wholesale Corp. posted a 12.5% increase in net sales for its fiscal 2020 fourth quarter, which ended on August 30. Net sales for the quarter totaled $52.28 billion for the 16-week quarter, up from $46.45 billion in the comparable period last year. Net sales for the fiscal year increased 9.3%, to
CAMP HILL, Pa. — Rite Aid Corp. reported on Thursday its earnings for its fourth quarter as well as the fiscal year, which ended February 29, 2020. Heyward Donigan For the fourth quarter, the company reported net loss from continuing operations of $343.5 million, or $6.43 per share; adjusted net loss from continuing operations of
CINCINNATI — Kroger Co. posted solid fourth-quarter results on Thursday, with sales fueled by its private-label offerings and its expanded online pickup and delivery capabilities. Same-store sales (excluding gasoline) increased 2% from the comparable period a year earlier. Fourth-quarter digital sales increased 22%. Full-year comps were also up 2%, and digital sales increased 29%. Total
MINNEAPOLIS — Target on Tuesday reported better than expected earnings in its fourth quarter and fiscal year and said it expects operating margins to grow by mid-single digits this year. Target posted net earnings of $834 million in the fourth quarter, an increase of 4.4% from a year earlier. Comparable-store sales were up 1.5% for
BENTONVILLE, Ark. — Walmart reported sales of $141.7 billion for the fourth quarter of fiscal 2020, an increase of $12.9 billion, or about 2.1%, over the prior year period. Earnings and sales fell short of analysts expectations, however, and Walmart said that holiday sales were softer than expected. Walmart president and CEO Doug McMillon said
SEATTLE — Amazon shares rose in after-hours trading Thursday after the company reported fourth quarter results that topped analysts’ expectations. The company reported earnings per share of $6.47 for the quarter, easily beating forecasts of $4.04 per share. Net sales increased 21% to $87.4 billion in the fourth quarter. Net income grew to $3.3 billion
ISSAQUAH, Wash. — Costco Wholesale Corp. posted solid sales increases for the 16-week fourth quarter and the 52-week fiscal year, ended September 1. Net sales for the quarter were $46.45 billion, an increase of 7% from $43.41 billion during the similar period last year. Net sales for the fiscal year were $149.35 billion, an increase
MEMPHIS — Fred’s Inc. said a significant decline in sales in the front store contributed to a 17.2% slide in net sales to $307.1 million in its fourth quarter. Comparable-store sales declined 9.7% from the year earlier. “In our view, the primary contributors of the reduction in sales were significant decline in overall traffic precipitated
GOODLETTSVILLE, Tenn. — Dollar General Corp. reported that its fiscal fourth quarter revenue rose more than 8% to $6.65 billion, compared with $6.13 billion in the fourth quarter of the prior year. For the full year, revenue increased 9.2%, the company said on Thursday. Comparable-store sales were up 4% in the quarter ended February 1,
CINCINNATI — Kroger Co. on Thursday reported fiscal fourth quarter net income of $259 million, down from $854 million a year earlier, as investments weighed on profits. Net sales for the quarter ended February 2 declined 9.5% to $28 billion. When adjusted for factors including an extra week in 2017, divestiture of its convenience stores
MINNEAPOLIS — Target Corp. said a strong performance in the holiday period capped off its best year for comparable sales growth in a decade. Fourth quarter same-store sales rose 5.3% on traffic growth of 4.5%, the company said Tuesday in releasing fourth quarter and full-year financial results. Full-year same-store sales grew 5%, its strongest performance
LAKELAND, Fla. — Publix reported sales of $9.3 billion for the fourth quarter. That is an increase of about 3.8% increase over the $8.9 billion posted in prior year period. Comparable store sales were up 1.1%. Net earnings for the quarter ended December 29 were $407 million, down 46.9% from the $766.6 posted in 2017, a