September 24, 2020 by MMR
Elixir brand, fiscal results, Heyward Donigan, Rite Aid, second quarter
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CAMP HILL, Pa. — Rite Aid’s second-quarter sales and earnings beat Wall Street’s forecast. Adjusted earnings per share of 25 cents topped analysts’ projection of a 1 cent loss. Revenue for the period ended August 29 climbed 11.5% to $5.98 billion, driven by store and PBM gains, and bettering the forecast $5.75 billion. The
August 27, 2020 by MMR
Dollar General, Dollar General CEO Todd Vasos, Q2, second quarter, Todd Vasos
Leading Headlines, Money, Retail News
GOODLETTSVILLE, Tenn. — Dollar General Corp. posted a 24.4% increase in net sales for its second quarter. Same-store sales increased 18.8% for the 13-week period ended July 31. Operating profit increased by 80.5% to $1 billion in the quarter, the company said Thursday. Diluted earnings per share (“EPS”) increased by 89.1% to $3.12. And cash
August 19, 2020 by MMR
Brian Cornell, fiscal results, second quarter, Target, Target chairman and CEO Brian Cornell, Target Corp. Brian Cornell
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MINNEAPOLIS — Target Corp. reported record same-store sales gains in its second fiscal quarter, driven by a digital sales gain of 195%, the company announced on Wednesday. The retailer said its results reflect the continuation of heightened sales volume due to the COVID-19 pandemic. Target reported GAAP earnings per share (EPS) from continuing operations of
August 18, 2020 by MMR
chief executive officer Doug McMillon, second quarter, Walmart
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BENTONVILLE, Ark. — Walmart’s second-quarter results beat estimates, as the continued impact of the COVID-19 pandemic drove sales gains. Comp-store sales were up 9.3% for the quarter, led by strength in general merchandise and food. Walmart U.S. e-commerce sales grew 97% with strong results across all channels. Total revenue for the quarter was $137.7 billion,
August 5, 2020 by MMR
Ahold Delhaize, Ahold Delhaize president and CEO Frans Muller, Frans Muller, second quarter
Leading Headlines, Money, Retail News, Uncategorized
ZAANDAM, the Netherlands — Ahold Delhaize posted net sales of €19.1 billion ($22.71 billion) in the second quarter. That is an increase of 17.1%, or 15.9% at constant exchange rates. Comparable sales growth (excluding gas) was up 20.6% in the United States and 10.2% in Europe. The company saw net consumer online sales increase by
August 3, 2020 by MMR
Publix, Publix CEO and president Todd Jones, second quarter, Todd Jones
Leading Headlines, Money, Retail News
LAKELAND, Fla. — Publix Super Markets Inc. reported sales of $11.4 billion for the three months ended June 27, a 21.8% increase from $9.3 billion posted last year’s second quarter. Comparable store sales for the three-month period increased 19.9%. The company estimates its sales for the quarter increased by 16.1% — or about $1.5 billion
July 31, 2020 by MMR
Amazon, Jeff Bezos, sales, second quarter
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SEATTLE – Amazon on Thursday reported a profit of $5.2 billion in the second quarter as net sales soared 40% year on year to $88.9 billion. Amazon’s stellar results were announced on the same day the government reported that the U.S. economy, as measured by gross domestic product, fell 9.5% in the second quarter, as
March 6, 2020 by MMR
Costco, fiscal 2020, second quarter
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ISSAQUAH, Wash.— Costco Wholesale Corp. reported a 10.5% increase in net sales for the second quarter of fiscal 2020. Comp store sales were up 9.1% in the United States and 8.9% for the company as a whole. Net sales for the 12 weeks ended February 16 totaled $38.26 billion, up from $34.63 billion in the
September 26, 2019 by MMR
Rite Aid, second quarter
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CAMP HILL, Pa. — Rite Aid’s second quarter earnings beat analysts’ forecasts, but overall and same-store sales fell short of projections. Heyward Donigan Under new chief executive officer Heyward Donigan the chain reported adjusted earnings per share of 12 cents, well ahead of Wall Street’s expectation of 7 cents. But the retailer’s revenue of $5.37
August 15, 2019 by MMR
second quarter, Walmart
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BENTONVILLE, Ark. — Walmart reported on Thursday a second-quarter net income of $3.6 billion compared with a net loss of $861 million a year earlier. Revenue rose 1.8% to nearly $130.4 billion. Operating income, on a constant currency basis, declined 2.4% to $5.6 billion. “Customers are responding to the improvements we’re making, the productivity loop
August 7, 2019 by MMR
CVS Health, Larry Merlo, second quarter
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WOONSOCKET, R.I.— CVS Health stock rose nearly 6% in pre-market trading on Wednesday after the company reported strong second quarter operating results for the three months ended June 30, 2019. Second quarter earnings beat Wall Street’s expectations, and the company significantly raised its own projection for full-year earnings. “We posted strong second quarter results, with
August 1, 2019 by MMR
fiscal results, Publix, second quarter
Featured Articles, Leading Headlines, Money
LAKELAND, Fla. — Publix reported sales of $9.3 billion for the three months ended June 29. That is a 6.8% increase over the $8.8 billion recorded in the comparable period in 2018. Comparable store sales increased 4.8% in the second quarter. The company estimates that 1.2% of that increase was due to the fact that