by Mike Duff | Mar 8, 2023 | Retail Articles
Ross Stores beat Wall Street fourth-quarter estimates as consumers responded to the off-price retailer’s updated assortments and values, the company reported. Ross Stores posted a net income of $447 million, or $1.31, per diluted share for the quarter versus...
by Mike Duff | Mar 2, 2023 | Retail Articles
Despite a drop into losses, Big Lots managed to beat a Wall Street earnings estimate and come out just below a revenue estimate. Net loss in the quarter by Big Lots was $12.5 million, or 43 cents per diluted share, versus net income of $49.8 million, or $1.63 per...
by Mike Duff | Mar 2, 2023 | Retail Articles
Macy’s beat a Wall Street earnings estimate as comps fell at its namesake banner but gained at its Bloomingdale’s and Bluemercury operations. Net income for the quarter was $508 million, or $1.83 per diluted share, versus $742 million, or $2.44 per diluted share, in...
by Mike Duff | Mar 1, 2023 | Retail Articles
Lowe’s posted mixed results in the fourth quarter, with earnings above but revenues coming in short of Wall Street expectations, and the company announced it was boosting employee compensation. Net earnings were $957 million, or $1.58 per diluted share, versus $1.21...
by Mike Duff | Mar 1, 2023 | Retail Articles
Kohl’s posted a fourth-quarter loss that took Wall Street by surprise. Net loss was $273 million, or $2.49 per diluted share, versus net income of $299 million, or $2.20 per diluted share, in the year-earlier period, the company reported. An analyst consensus estimate...
