ISSAQUAH, Wash. — Costco Wholesale Corp. posted net sales growth of 5.7% for its second quarter as more members visited its warehouse clubs and spent more per trip. Traffic was up 4.3% in the United States and 5.3% companywide, Costco reported on March 7. Net income in the period through February 18 was $1.74 billion,
GOODLETTSVILLE, Tenn. — Although Dollar General Corp.’s net sales grew nearly 4% during the second quarter of fiscal 2023, soft sales in higher-margin nonconsumable categories, coupled with escalating merchandise shrink, hammered both operating profit and the bottom line. Management consequently lowered its full-year outlook for sales growth and earnings, but maintained its projected capital expenditure
CHESAPEAKE, Va. — Dollar Tree Inc. surpassed Wall Street’s expectations for both the top and bottom lines in the second quarter of fiscal 2023. In response, management has raised its full-year sales outlook and tightened its earnings per share projection. “At our June Investor Conference we shared the details of our strategy to transform the
ZAANDAM, the Netherlands — Ahold Delhaize reported sales of €22.1 billion ($24.3 billion) for its fiscal second quarter, up 4.3% at constant exchange rates and up 2.9% at actual exchange rates, the company said Wednesday. U.S. net sales were €13.6 billion ($14.9 billion), an increase of 2.7% at constant exchange rates and up 0.3% at
ISSAQUAH, Wash. — Costco Wholesale Corp. on Thursday reported that net sales for its fiscal second quarter increased 6.5%, to $54.24 billion, up from $50.94 billion last year. Despite the gain, the company’s stock fell in after hours trading because the increase was below analysts’ forecasts. Comparable sales for the 12-week period ended February 12
PHILADELPHIA — Rite Aid posted mixed results for the second quarter of its 2023 fiscal year, with sales that beat analysts’ expectations but were accompanied by a larger-than-expected loss. The company’s $5.9 billion in revenue topped Wall Street’s forecast of $5.77 billion. But its adjusted 63 cents per share loss was worse than the anticipated
GOODLETTSVILLE, Tenn. — Higher prices attracted more belt-tightening shoppers to its stores and helped Dollar General Corp. post quarterly sales and profits that topped Wall Street’s estimates for the discount retailer’s second quarter. Dollar General said net sales rose 9% to $9.4 billion in the quarter ended July 29, pushing net income to $678 million,
SEATTLE — Amazon reported a 7% increase in net sales, to $121.2 billion, for the second quarter, beating analysts’ estimates. The company added that when the $3.6 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter is excluded, net sales increased 10% compared with the second quarter of 2021. The company
DEERFIELD, Ill. — Increased demand for COVID-19 tests and vaccines, driven by the Omicron variant’s surge, helped Walgreens Boots Alliance’s (WBA’s) second quarter results beat Wall Street’s forecasts. WBA reported adjusted earnings of $1.59 per share in the three months ended February 28. Revenue rose 3% from the year-ago period to $33.76 billion. Analysts’ consensus
DEERFIELD, Ill. — Increased demand for COVID-19 tests and vaccines helped lift Walgreens Boots Alliance Inc.’s second quarter results above Wall Street’s projections, as the omicron variant peaked during the period. WBA reported adjusted earnings of $1.59 per share in the three months ended Feb. 28. Revenue rose 3% to $33.76 billion. Analysts’ consensus estimates
CAMP HILL, Pa. — Rite Aid Corp. on Thursday reported a narrower than expected second quarter loss. The net loss was $100.3 million, or $1.86 per share for the period ended August 28. The adjusted net loss was $22 million, or 41 cents per share. Analysts had forecast an adjusted net loss of 48 cents. Adjusted
GOODLETTSVILLE, Tenn. — Dollar General Corp. reported higher-than-expected sales and earnings for the second quarter, and boosted its projections for the year despite an expected increase in transportation and distribution costs and uncertainty caused by the Delta variant. Net sales decreased 0.4% to $8.7 billion in the second quarter, but still beat analysts’ expectations. The