by Mike Duff | May 26, 2022 | Retail Articles
Pottery Barn and West Elm led Williams-Sonoma to a strong performance in the first quarter with each posting double-digit comparable sales. Net earnings were $254.1 million, or $3.50 per diluted share, versus $227.8 million, or $2.90 per diluted share, in the quarter...
by Mike Duff | May 25, 2022 | Home + Housewares
Sales and earnings slipped at Best Buy after the electronics buying binge that occurred during the height of the COVID-19 pandemic. Net earnings in the first quarter were $341 million, or $1.49 per diluted share, versus $595 million, or $2.32 per diluted share, in the...
by Mike Duff | May 20, 2022 | Retail Articles
Although general merchandise sales slipped as consumers spent more on groceries and everyday needs, BJ’s had solid financial gains in the first quarter. Company net income was $112.5 million, or 82 cents per share, versus $81.6 million, or 59 cents per share, in the...
by Mike Duff | May 18, 2022 | Featured News, Retail Articles
Inflation, changing consumer preference and supply chain issues pressured Target’s first-quarter earnings even as comparable sales gained and overall revenues did better than Wall Street anticipated. Net earnings were $1.01 billion in the quarter, or $2.16 per...
by Mike Duff | May 17, 2022 | Retail Articles
Despite a stronger than expected sales gain in the first fiscal quarter, Walmart missed a Wall Street analyst consensus estimate on income as inflation, a temporary labor imbalance and supply chain costs took dollars off the bottom line. Walmart posted company net...
