GOODLETTSVILLE, Tenn. — Dollar General Corp. reported fiscal fourth quarter earnings of $414.2 million, or $1.49 per share. Revenue rose 13.7% to $6.01 billion. For the fiscal year, the discounter posted a profit of $1.25 billion, or $4.43 per share, the company announced on Thursday. Dollar General expects 2017 full-year diluted earnings to be $4.25
CINCINNATI — Kroger Co. on Thursday reported a profit of $2 billion in fiscal 2016, an increase of 3.1% from the preceding year. Revenue rose 5% to $115.3 billion. Excluding fuel, total sales increased 6.7%, the company said. Mergers with Milwaukee-based grocer Roundy’s and specialty pharmacy ModernHEALTH contributed to its 2016 profit growth, Kroger said.
MINNEAPOLIS — Target Corp. on Tuesday reported a profit of $817 million, or $1.45 a share, in its fourth quarter, down from $1.43 billion, or $2.32 a share, a year earlier, when the retailer sold its pharmacy business to CVS Health. Same-store sales declined 1.5% in the fourth quarter. For 2017, the company forecasts per-share
MEMPHIS, Tenn. — Sales continued to slide at Fred’s Inc., as the discount and pharmacy retailer reported decreases for its fiscal 2016 fourth quarter and full year and January 2017. Fred’s said Thursday that January sales totaled $148.1 million, down 5.6% from $156.9 million a year earlier. Same-store sales for the month fell 4.8%, compared
NEW YORK — A survey from Deloitte LLP finds that 76% of Americans will go shopping over the Thanksgiving weekend. The firm forecasts per-capita spending of $400 over the four days between Thanksgiving and Cyber Monday, an increase of nearly 8% from last year’s $369. “Holiday shopping often kicks in a little later during election
ISSAQUAH, Wash. — Costco Wholesale Corp. on Thursday reported fiscal fourth-quarter net income of $779 million, beating expectations and up 1.6% over the prior year period. Net income for the fiscal year was $2.35 billion, or $5.33 per diluted share, compared to the $2.38 billion, or $5.37 per diluted share, recorded last year. Net income
CAMP HILL, Pa. — Boosted by its acquisition of EnvisionRx, Rite Aid Corp. saw sales rise for its fiscal 2016 fourth quarter and full year, with adjusted earnings per share topping Wall Street estimates for both periods. Rite Aid said Thursday that for the fourth quarter ended Feb. 27, sales totaled $8.27 billion, up 20.8%
GOODLETTSVILLE, Tenn. — Dollar General Corp. on Thursday reported quarterly same-store sales gains that beat analysts’ expectations. Total sales and net income also showed solid increases in the quarter and fiscal year, according to the company. Same-store sales increased 2.2% in the fourth quarter ended January 29, and 2.8% in the fiscal year. Net sales
CINCINNATI — Kroger Co. on Thursday said profits increased 17% to $2.04 billion in the fiscal year ended January 30 on a 1.3% rise in sales to $109.8 billion. The company said same-store supermarket sales, excluding fuel, have now increased for 49 consecutive quarters. “2015 was an outstanding year for Kroger,” chairman and chief executive
CHESAPEAKE, Va. — Dollar Tree Inc. on Tuesday reported net income of $229 million in the fourth quarter, an increase of $22.4 million from a year earlier. Gross profit was $1.6 billion, up from $918.1 million a year ago. The company attributed the increase primarily to $673.7 million in gross profit for its Family Dollar
MINNEAPOLIS — Target Corp. on Wednesday posted fiscal fourth quarter earnings that were in line with the company’s forecast. The company said store traffic and sales grew during the year-end holiday season. Same-store sales rose 1.9% in the period, driven in part by a 34% increase in online sales. Target offered free shipping on online
BENTONVILLE, Ark. — Walmart on Thursday said fourth quarter net income fell 7.9% to $4.5 billion. The company also lowered its outlook for the current quarter, in part due to the effects of a stronger dollar and the costs of recent store closings. Walmart said last month that it would close 269 stores globally, including