DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) will shutter an additional 300 Boots outlets in the U.K. and 150 Walgreens stores, and cut hours at other U.S. stores, global chief financial officer James Kehoe said during a conference call discussing third quarter results. The actions are among “cost-saving initiatives” that Kehoe noted after the company
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) on Tuesday reported mixed results for its third quarter, beating analysts’ sales estimates but falling short of profit expectations. Sales for the period ended May 31 advanced 8.6% from the year-ago quarter to $35.4 billion, topping Wall Street’s forecast of $33.79 billion. But adjusted earnings per share came
PHILADELPHIA — Rite Aid Corp. reported a narrower-than-projected loss and topped Wall Street’s revenue forecast for its third quarter. The company reported an adjusted loss of $7.9 million, or 14 cents a share. Analysts had estimated it would be 15 cents a share. Revenue of $6.08 billion bettered Wall Street’s expectation of $5.94 billion. For
PHILADELPHIA — Rite Aid reported a narrower than projected loss and topped Wall Street’s revenue forecast for its third quarter. The company reported an adjusted loss of $7.9 million, or 14 cents a share. Analysts had estimated it would be 15 cents a share. Revenue of $6.08 billion bettered Wall Street’s expectation of $5.94 billion.
GOODLETTSVILLE, Tenn. — Dollar General Corp.’s third quarter operating profit rose 10.5% to $735.5 million, as sales climbed 11.1% to $9.5 billion. Same-store sales for the period ended October 28 advanced 6.8%. “We are thankful to our team for their continued dedication to serving others, particularly in a challenging economic and operating environment,” said Jeff
CHESAPEAKE, Va. — Dollar Tree executives said the retailer’s new pricing strategy lifted operating income nearly 23% to $381 million in the third quarter ended October 29. Top-line sales rose 8.1% to $6.94 billion. Comparable-store sales at its Dollar Tree stores increased 8.6% from a year earlier, while comps at its Family Dollar stores were
SEATTLE — Amazon reported that its net sales increased 15% to $127.1 billion in the third quarter, compared with $110.8 billion in the third quarter of 2021. Excluding the $5.0 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased by 19% compared with last year’s third quarter. Net
WOONSOCKET, R.I. — Both sales and adjusted earnings exceeded Wall Street’s expectations during the third quarter at CVS Health, buoyed by an increase in store traffic that was driven by prescription growth and COVID-19 vaccinations. As a result, management once again raised its full-year guidance. Reported, or GAAP, net income for the three months ended
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) has raised its outlook for the year and laid out its strategy to drive growth, after a stronger-than-expected fiscal third quarter. WBA’s adjusted earnings per share of $1.51 far surpassed analysts’ expectation of $1.17. Sales for the period ended May 31 rose 12.1% to $34.03 billion, topping the
Walgreens Boots Alliance turned in solid quarterly results at the beginning of the month and, in the process, shed some light on the future of the company under CEO Roz Brewer, as well as on the broader retailing and health care sectors as they cope with the massive disruptions caused by COVID-19. During the third
BENTONVILLE, Ark. — Walmart’s comp-store sales in its U.S. division grew 6.4% in the third quarter, with gains across such key categories as general merchandise, health & wellness and food. Walmart U.S. eCommerce sales increased by 79% with strong results across all channels and contributed approximately 570 basis points to comp sales. Walmart’s total revenue
CAMP HILL, Pa. – Rite Aid Corp. posted fiscal 2016 third-quarter adjusted earnings in line with Wall Street estimates and announced a special shareholders meeting to vote on its $17.2 billion deal to be acquired by Walgreens Boots Alliance Inc. Rite Aid said Thursday that for the third quarter ended Nov. 28, net income totaled