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third quarter

Rite Aid results top expectations

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

Albertsons reports 2.7% same-store sales gain in Q3

Albertsons reports 2.7% same-store sales gain in Q3

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

Rite Aid Q3 results beat expectations

Rite Aid Q3 results beat expectations

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.

Dollar Tree reports net sales gain for Q3

Dollar Tree reports net sales gain for Q3

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

Target posts Q3 sales, earnings gains

Target posts Q3 sales, earnings gains

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%

Walmart Q3 revenues rise on strong sales

Walmart Q3 revenues rise on strong sales

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

CVS Health beats Q3 earnings forecast

CVS Health beats Q3 earnings forecast

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

Albertsons Cos.’ third quarter earnings jump 51%

Albertsons Cos.’ third quarter earnings jump 51%

BOISE, Idaho — Albertsons Cos.’ third quarter adjusted EBITDA rose 51.4% to $649.7 million, driven by an identical-store sales gain, increased gross profit and cost cutting. Sales and other revenue in the 12 weeks ended December 1 increased 1.8% from a year earlier to $13.8 billion, with identical-store sales rising 1.9%. “We continue to gain traction

Rite Aid reports third quarter results

Rite Aid reports third quarter results

CAMP HILL, Pa. — Rite Aid Corp. today reported operating results for its third fiscal quarter ended December 1. For the third quarter, the company reported net loss from continuing operations of $17.3 million, or $0.02 per share, Adjusted net income from continuing operations of $14.7 million, or $0.01 per share, and Adjusted EBITDA from

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