by Mike Duff | May 18, 2023 | Retail Articles
Unseasonable weather was a contributing factor to the first sales and profit decline at Ace Hardware Corp. in more than six years, the cooperative asserted. In the first quarter, Ace recorded net income of $66.2 million, a decrease of 44.7% or $53.6 million, from the...
by Mike Duff | May 18, 2023 | Featured News, Retail Articles
During the first quarter, Walmart made significant financial strides despite weaker general merchandise sales as more and higher-earning shoppers looked to the retailer for value in consumables and food, the company reported. Walmart posted a company net income of...
by Mike Duff | May 17, 2023 | Retail Articles
In the first quarter, TJX recorded higher earnings that beat a Wall Street estimate but sales that didn’t quite live up to expectations with revenue in home merchandise continuing to lag. Net income in the quarter was $891 million, or 76 cents per diluted share,...
by Mike Duff | May 16, 2023 | Retail Articles
The first quarter brought lower sales and earnings at Home Depot as an increasingly wary consumer and poor weather put a damper on spring business, the company announced. Home Depot posted net earnings of $3.87 billion, or $3.82 per diluted share, versus $4.23...
by Mike Duff | May 5, 2023 | Retail Articles
In the midst of reorganizing the company, CVS Health posted lower net income that was still good enough to beat a Wall Street estimate, and it recorded a front-end comp gain. Company net income was $2.14 billion, or $1.65 per diluted share, versus $2.35 billion, or...
