BOISE, Idaho — Albertsons Cos. reported net earnings of $375.5 million, or 20 cents a share, for fiscal third quarter ended December 3. That’s down from $424.5 million, or 74 cents a share, in prior year period. Adjusted net income was $505 million, or $0.87 per share, which beat the 66 cent FactSet consensus forecast.
MINNEAPOLIS — Target Corp.’s shares fell in early trading on Wednesday, after the company reported softening sales and a drop in earnings for its fiscal third quarter. Target reported that its comparable sales increased 2.7% in the quarter, on top of 12.7% growth in last year’s quarter. That performance was led by growth in such
SEATTLE — Amazon reported that its net sales increased 15% to $127.1 billion in the third quarter, compared with $110.8 billion in the third quarter of 2021. Excluding the $5.0 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased by 19% compared with last year’s third quarter. Net
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) sales in its third quarter declined 4.2% from a year earlier on flagging demand for vaccines and COVID-19 tests. Quarterly earnings also took a $683 million hit related to the company’s settlement with the state of Florida to resolve claims tied to the dispensing of prescription opioids, the
ISSAQUAH, Wash. — Costco Wholesale Corp. reported that net sales for the company’s third quarter totaled $51.61 billion, a 16.3% increase over the $44.38 billion reported for the comparable period last year. Net sales for the year-to-date period ending May 8 increased 16.4%, to $151.97 billion, from $130.61 billion last year. Comparable sales for the
BOISE, Idaho — Albertsons Cos. reported increased sales and earnings for its fiscal 2021 third quarter, which ended December 4. Identical sales increased 5.2%; on a two-year stacked basis identical sales growth was 17.5%. Digital sales increased 9%, and the gain on a two-year stacked basis was 234%. Net income was $424.5 million, or 74
CAMP HILL, Pa. – Rite Aid Corp. posted adjusted earnings of $8.2 million or 15 cents per share for the third quarter, surprising analysts who had forecast an 18 cents per share loss. The company reported a net loss of $36.1 million, or 67 cents per share, for the quarter ended November 27. Adjusted EBITDA
CINCINNATI — Kroger posted sales gains in the third quarter and raised its outlook for the year. Identical-store sales (excluding fuel) increased 3.1% compared to the prior-year quarter, and were up 14% on a two-year stacked basis. The two-year stack for digital sales increased 103%. Total company sales were $31.9 billion in the third quarter,
BENTONVILLE, Ark. — Walmart posted third quarter sales and earnings that topped expectations, and the company raised its outlook for the year. Comparable sales at Walmart U.S. grew 9.2% versus the prior-year period, with 15.6% increase on a two-year stack basis. Walmart U.S. e-commerce sales grew 8% for the quarter and 87% on a two-year
MINNEAPOLIS — Target reported that its third quarter profits increased 47% on a 13% sales gain as the retailer successfully navigated challenges presented by inflation and supply issues. Sales reached $25.3 billion in the three-month period that ended October 30, compared to $22.3 billion in the comparable period last year. Sales at stores that have
WESTBOROUGH, Mass. — BJ’s Wholesale Club reported strong sales results in the third quarter. Comparable-club sales (excluding gasoline) increased by 5.7%, reflecting a two-year stacked comp of 24.2%. Digitally enabled sales growth was 44%, reflecting two-year stacked comp growth of 244%. The company’s earnings per diluted share of 92 cents reflected a 4.5% year-over-year increase.
MINNEAPOLIS — Target Corp. reported comparable sales growth of 12.7% in the third quarter, reflecting comparable store sales growth of 9.7% and comparable digital sales growth of 29%. Total revenue for the three-month period ended October 30 was $25.7 billion, an increase of 13.3% compared with the same quarter last year, driven by total sales