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
SEATTLE — Amazon said revenue grew 24% to $70 billion in its third quarter. But earnings fell short of expectations as the company spent heavily to increase delivery capacity. The company is shifting from two-day to one-day shipping as a core benefit of its Amazon Prime subscription service. Amazon said it spent $9.6 billion on
DEERFIELD, Ill. — Walgreens Boots Alliance’s third quarter profit beat analysts’ expectations, as U.S. pharmacy sales rose 4.3% in the period ended May 31. Net earnings slipped 23.6% to $1 billion compared to the year-ago quarter, while net earnings per share decreased 16.5% to $1.13. Stripping out special items, the company earned $1.47 per share,
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
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
CINCINNATI — Kroger Co. on Thursday reported a third quarter profit of $317 million, or 39 cents per diluted share, compared with $397 million, or 44 cents a share, a year ago. Overall sales declined slightly to $27.7 billion in the 13 weeks to November 10. Same-store sales rose 1.6%, excluding fuel. Kroger’s profits are