BOISE, Idaho — Albertsons posted modest but declining gains in net sales and same-store sales in its second quarter amid deteriorating conditions for the supermarket sector. Net income in the 12 weeks to September 9 declined 22% to $266.9 million and earnings before interest, taxes and amortization (EBITA) declined for the third consecutive quarter, slipping
BENTONVILLE, Ark. – Walmart today posted fiscal second quarter sales and profits that exceeded Wall Street’s expectations and raised its fiscal 2024 outlook to reflect management’s optimism in the company’s continued ability to attract customers to its stores and digital platforms. Second-quarter revenue increased 5.7% to $161.6 billion in the quarter. U.S. same-store sales, excluding
MINNEAPOLIS – Target Corp. posted its first decline in comparable-store sales in more than six years, but higher margins helped boost profits in its fiscal second quarter. Comparable sales dipped 5.4% in the quarter, while traffic in stores and online declined 4.8%. Store sales were down 4.3% and online sales slid 10.5%. Target generated revenue