November 20, 2018 by MMR
Brian Cornell, Target Corp., third quarter
Featured Articles, Leading Headlines, Money
MINNEAPOLIS — Target Corp. on Tuesday reported strong third quarter results that included a 5.1% increase in comparable sales, a 49% in digital channel sales and a 5.3% increase in customer traffic. Total revenue for the three months ended November 3 were $17.8 billion, an increase of 5.6% over the comparable prior year period. Operating
November 15, 2018 by MMR
third quarter, Walmart
Featured Articles, Leading Headlines, Money, Retail News
BENTONVILLE, Ark. — Walmart on Thursday reported a net income of $1.71 billion, or 58 cents a share, in its third quarter on revenue of $124.89 billion. Earnings were fueled by strong e-commerce sales, as the company continues to acquire online brands in categories like apparel and home goods while also expanding its grocery business.
October 26, 2018 by MMR
Amazon, third quarter
Featured Articles, Leading Headlines, Money
SEATTLE — Amazon posted a profit of $2.9 billion — $5.75 per share — in its third quarter, up from $256 million a year earlier, as revenue rose 29% to $56.6 billion. Analysts expected Amazon to post earnings of $3.12 per share on $57.1 billion in revenue. It was the second consecutive quarter of record profitability for
December 7, 2017 by MMR
Dollar General Corp., third quarter, Todd Vasos
Featured Articles, Leading Headlines, Money, Retail News
GOODLETTSVILLE, Tenn. — Dollar General Corp. reported strong financial results for its 13-week fiscal 2017 third quarter ended November 3. “We are pleased with our overall third quarter results, which include a strong same-store sales growth of 4.3% and increases in both average transaction amount and customer traffic over the 2016 third quarter. During the
November 15, 2017 by MMR
Brian Cornell, Target, Target chairman and CEO Brian Cornell, Target Corp., third quarter
Featured Articles, Leading Headlines, Money, Retail News
MINNEAPOLIS — Target Corp.’s third quarter sales and earnings beat expectations, and the company said it is upbeat about its prospects for the holiday season. But the company’s fourth quarter profit outlook disappointed Wall Street, sending its shares down in early trading on Wednesday. Target forecast adjusted earnings of $1.05 to $1.25 per share for
November 6, 2017 by MMR
CVS Health, third quarter
Featured Articles, Leading Headlines, Money, Retail News
WOONSOCKET, R.I. — Despite sales declines in its retail pharmacy business, CVS Health saw overall revenue rise and bested Wall Street’s earnings forecast for its fiscal 2017 third quarter. CVS said Monday that for the third quarter ended Sept. 30, sales totaled $46.18 billion up 3.5% from $44.62 billion a year earlier. CVS third-quarter sales
July 6, 2017 by MMR
Rite Aid Corp., third quarter, Walgreens Boots Alliance, WBA
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DEERFIELD, Ill. — Analysts said Walgreens Boots Alliance turned in a solid third quarter and stands to emerge on a positive note from its new deal with Rite Aid Corp. upon the termination of their merger. For the third quarter ended May 31, WBA posted net earnings (GAAP) of $1.16 billion, or $1.07 per diluted
May 26, 2017 by MMR
Costco Wholesale Corp., third quarter
Featured Articles, Leading Headlines, Retail News
ISSAQUAH, Wash. — Costco Wholesale Corp. on Thursday announced third quarter sales and earnings that beat analyst expectations. Net sales for the quarter ended May 7 increased 8% to $28.22 billion, up from $26.15 billion in the same period last year. Net sales for the first 36 weeks increased 6%, to $84.82 billion from $80.34 billion
December 22, 2016 by MMR
Rite Aid Corp., third quarter, Walgreens Boots Alliance, WBA
Featured Articles, Leading Headlines, Money, Retail News
CAMP HILL, Pa. — Rite Aid Corp. said slim reimbursement rates, new generic drugs and the ongoing antitrust talks for the merger with Walgreens Boots Alliance (WBA) squeezed sales and earnings for its fiscal 2017 third quarter. Rite Aid said Thursday that for the third quarter ended Nov. 26, sales dipped 0.8% to $8.09 billion
December 19, 2016 by MMR
chairman and chief executive Edward Lampert, Sears Holdings Corp., third quarter
2016, Issue 12-19-2016, Issues
HOFFMAN ESTATES, Ill. — Sears Holdings Corp. posted a loss of $748 million in the third quarter as the retailer’s financial performance continued to deteriorate despite its efforts to shed underperforming stores, de-emphasize struggling categories and make money from its real estate holdings. Revenue fell 13% to $5.03 billion in the three months to October
December 13, 2016 by MMR
Fred’s Inc., third quarter
Leading Headlines, Retail News
MEMPHIS, Tenn. — In reporting a net loss for its fiscal 2016 third quarter, Fred’s Inc. said it plans to shut 40 underperforming stores in the first half of next year. Fred’s also announced at the start of its earnings call that it wouldn’t take any questions from analysts following its quarterly report — which
November 8, 2016 by MMR
CVS Health, CVS Pharmacy, Sales gains, third quarter
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WOONSOCKET, R.I. — CVS Health posted sales gains in both of its business units and adjusted earnings per share above Wall Street’s forecast for the third quarter. However, CVS said Tuesday that it lowered its outlook for full-year 2016 and, in preliminary guidance for fiscal 2017, expects to lose over 40 million retail prescriptions due