BOISE, Idaho — Albertsons Cos. raised its outlook for fiscal 2020 on Tuesday after reporting strong results for the third quarter. Highlights for the 12-week period ended December 5 included identical store sales growth of 12.3% and digital sales growth of 225%. “Our constant focus on our customers continued to drive strong growth and market
CAMP HILL, Pa. — Rite Aid Corp.’s third quarter sales climbed 12% to $6.12 billion, but adjusted earnings slipped to 40 cents a share from 54 cents a year earlier, hurt by elevated expenses. Still, both sales and earnings beat Wall Street’s estimates. Net income for the quarter ended November 28 was $4.3 million, down
CINCINNATI — Kroger reported third quarter comparable store sales growth that beat Wall Street expectations, increasing 10.9% (excluding fuel). Digital sales grew by 108%. The retailer’s earnings also topped expectations. Kroger earnings for the three months ended November 7 were $631 million, or 80 cents per share. That compares to $263 million, or 32 cents
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) said on Thursday its financial results for the fiscal 2020 third quarter, which ended May 31, were significantly impacted by the COVID-19 pandemic. “Prior to the pandemic our financial performance for fiscal 2020 was on track with our expectations. However, this unprecedented global crisis led to a loss
ISSAQUAH, Wash. — Costco Wholesale Corp. posted sales of $36.45 billion for its third quarter ended May 10, a 7.3% increase over the comparable period in 2019. Same store sales, adjusted to exclude the impacts of fuel sales and the effects of currency changes, increased 8% in the United States and 7.8% for the entire
CAMP HILL, Pa. — Rite Aid Corp. reported better-than-expected third quarter sales and earnings. The company also narrowed its fiscal 2020 earnings forecast while maintaining its revenue guidance. The results lifted the retailer’s shares more than 20% to over $10. For the quarter ended November 30, adjusted net income was $29.1 million, or 54 cents
BOISE, Idaho — Albertsons Cos. said that its third-quarter revenue increased 1.9% to $14.1 billion, driven by a 2.7% increase in comparable-store sales. Same-store sales have now increased for eight consecutive quarters. Gains in the 12 weeks to November 30 were attributed to growth in sales of its Own Brands merchandise. Participation in Albertsons’ grocery
CAMP HILL, Pa. — Rite Aid Corp. on Thursday reported better-than-expected third quarter sales and earnings. The company also narrowed its fiscal 2020 earnings forecast while maintaining its revenue guidance. The results lifted the retailer’s shares more than 20% to over $10. Net income from continuing operations was $52.3 million, or 98 cents per share.
CHESAPEAKE, Va. — Dollar Tree on Tuesday reported net sales rose 3.7% to $5.75 billion in the third quarter and comparable-store sales increased 2.5%. But the retailer said higher costs associated with the U.S.-China trade war will add $19 million in costs in the current quarter, when per-share earnings are projected to miss Wall Street
MINNEAPOLIS – Target on Wednesday posted convincing gains in operating income, revenue and comparable-store sales as more shoppers visited its stores and website in the third quarter. The retailer raised its fourth-quarter and full-year guidance on earnings and comparable-store sales. Target said third-quarter comps increased 4.5% year on year (2.8% attributable to stores and 1.7%
BENTONVILLE, Ark. — Walmart on Thursday said its third-quarter revenue rose 2.5% to $128 billion on strong sales at its U.S. stores and websites. U.S. comparable sales increased 3.2%, extending a four-year streak of quarterly gains. U.S. e-commerce sales increased 41%, driven by gains in Walmart’s grocery business, which is gaining competitiveness thanks to the
WOONSOCKET, R.I. — CVS Health turned in another impressive performance in the third quarter of 2019, as both adjusted earnings and revenues exceeded analysts’ estimates. Based on the solid result, the company raised its full-year guidance on adjusted earnings. “Our third-quarter results build on the positive momentum we have seen across the company since the