by Mike Duff | Jul 28, 2023 | Appliances, Cookware, Food Storage, Home + Housewares, Kitchen Electrics, Kitchenware
In the second quarter, Newell Brands posted results that were better than Wall Street anticipated as the company continued its restructuring initiative. Second quarter net income of $18 million, or four cents per diluted share, compared with $199 million, or 48 cents...
by Mike Duff | Jun 29, 2023 | Retail Articles
Consumer outlooks are improving and fear of a recession is diminishing according to the ongoing Conference Board Consumer Confidence Index study. The overall index increased in June to 109.7, with 100 being the demarcation between a positive and negative sentiment, up...
by Mike Duff | Jun 29, 2023 | Retail Articles
In the first quarter, Rite Aid made strides, posting revenues that exceeded analyst expectations and a lower adjusted loss that also came in better than Wall Street anticipated. First quarter net loss was $306.7 million, or $5.56 per diluted share, compared to a net...
by Mike Duff | Jun 9, 2023 | Retail Articles
In the first quarter, Ollie’s beat Wall Street sales and earnings estimates, posted solid comp gains and kept adding stores. Net income was $31 million, or 50 cents per diluted share, versus $12.5 million, or 20 cents per diluted share, in the prior-year quarter....
by Mike Duff | Jun 8, 2023 | Retail Articles
Although it came out ahead of a Wall Street estimate on sales, Kirkland’s net loss grew as comparable sales declined in the first quarter when the company realigned outreach to emphasize its value offering. Net loss in the quarter was $12.1 million, or 95 cents per...
