SEATTLE, Wash. — Amazon reported net sales of $63.4 billion in the second quarter, beating analysts’ expectations. That is an increase of about 20% over sales in the prior year period, and when the $814 million unfavorable impact of foreign exchange rates is excluded from the calculation, the increase in net sales was 21%. Net
DEERFIELD, Ill. — Promising an aggressive response to “the most difficult quarter” Walgreens Boots Alliance Inc. has had since its creation, executive vice chairman and CEO Stefano Pessina said the company will make “a number of senior appointments,” among other changes. Stefano Pessina Pessina made the comments in response to a 14.3% drop in second
ISSAQUAH, Wash. — Costco Wholesale Corp. said net sales increased 7.3% to $24.6 billion in the fiscal second quarter. Top growth categories included grocery, consumer electronics, apparel, hardware, and health and beauty aids. Comparable-store sales at its U.S. clubs rose 7.2%, excluding the impact of fuel price and currency changes, in the 12 weeks to
BENTONVILLE, Ark. — Walmart on Thursday reported fiscal second quarter earnings and sales that topped analysts’ forecasts, as digital sales ticked higher and more shoppers visited its stores and spent more per visit. Same-store sales in the United States increased 4.5%, the retailer’s strongest comp growth in more than a decade. Sales were particularly vigorous
WOONSOCKET, R.I. — CVS Health beat Wall Street’s earnings forecast for the second quarter and bumped up the bottom of its 2017 guidance despite declined sales in its retail pharmacy business unit. CVS said Tuesday that net income for the second quarter ended June 30 totaled $1.1 billion, or $1.07 per diluted share (GAAP), compared
DEERFIELD, Ill. — Despite an uptick in its Retail Pharmacy USA division, Walgreens Boots Alliance (WBA) reported declined sales for its fiscal 2017 second quarter, with adjusted earnings per share in line with Wall Street’s consensus estimate. Also on Wednesday, WBA had no further news to report on the status of the antitrust review of
ISSAQUAH, Wash. — Costco Wholesale Corp. reported net income of $515 million in its second quarter, a decline of 5.7% from the same period a year earlier. For the year’s first half, the wholesale club operator’s net income rose modestly to $1.06 billion from $1.03 billion last year, Costco said on Thursday. Second quarter net
CAMP HILL, Pa. — Despite an uptick in total sales, lower drug reimbursement rates and script count trimmed profits at Rite Aid Corp. for its fiscal 2017 second quarter. Rite Aid also said Thursday that it continues to expect its acquisition by Walgreens Boots Alliance (WBA) Inc., a $17.2 billion deal announced Oct. 27, to
CINCINNATI — Kroger Co. on Friday reported net income of $383 million for its second quarter, a decline of 12% from a year ago. The supermarket operator cited changes to its employee pensions as a key factor in the results, which were also hurt by falling prices for products such as meat, milk and eggs.
BENTONVILLE, Ark. — Walmart said on Thursday that it earned $1.07 a share in the fiscal second quarter, slightly lower than the profit of $1.08 a share in the same period a year ago. Analysts on average were expecting $1.02. Revenue grew 0.5% to $120.8 billion as the retailer notched its biggest same-store sales increase
MINNEAPOLIS — Target Corp. on Wednesday reported adjusted earnings per share of $1.23 in its second quarter, well above analysts’ projections of $1.13, on revenue of nearly $16.2 billion, which was in line with expectations. Profit declined 9.7% from the prior-year period, on revenue that dropped 7.2%. Citing challenges ahead, the company lowered its guidance
WOONSOCKET, R.I. — Rising PBM and specialty pharmacy sales and recently acquired pharmacy businesses lifted revenue at CVS Health Corp. for the second quarter, with adjusted earnings per share topping Wall Street’s consensus forecast. CVS Health said Tuesday that for the second quarter ended June 30, sales climbed 17.6% to $43.73 billion from $37.17 billion