by Mike Duff | Mar 8, 2024 | Retail Articles
Burlington Stores beat Wall Street fourth-quarter earnings and revenue estimates. Net income was $227.5 million, or $3.53 per diluted share on a 14-week basis versus $185.2 million, or $2.83 per diluted share for the 13-week quarter in the year past. Adjusted net...
by Mike Duff | Mar 8, 2024 | Retail Articles
In announcing fourth quarter financial results, Rodney McMullen, Kroger chairman and CEO, also defended the merger that the company is pursuing with Albertsons Cos., saying it will be good for households in the United States and for employees as well. Company net...
by Mike Duff | Mar 4, 2024 | Retail Articles
Publix comparable stores gained in the fourth quarter even as earnings slipped. Net earnings for the quarter were $1.2 billion, or 36 cents per share, versus $1.3 billion, or 38 cents per share, in the year-earlier period. With the impact of net unrealized gains on...
by Mike Duff | Feb 27, 2024 | Retail Articles
Dillard’s came out ahead of Wall Street expectations despite lower comparable sales amid sluggish consumer demand. Net income was $250.5 million, or $15.44 per diluted share, versus $289.2 million, or $16.89 per diluted share, in the year-earlier quarter. Net...
by Mike Duff | Feb 21, 2024 | Featured News, Retail Articles
A day after announcing executive changes, Beyond posted a loss larger than an analyst estimate on revenues exceeding the forecast as new leadership noted the company continues a strategic review of non-core operations. Net loss was $161 million, or $3.55 per diluted...