by Mike Duff | Aug 31, 2022 | Retail Articles
Best Buy second-quarter sales and earnings slipped — although not as much and Wall Street expected — as it struggled against headwinds and comparisons. Net earnings in the quarter were $306 million, or $1.35 per diluted share, the company reported, versus $734...
by Mike Duff | Aug 30, 2022 | Retail Articles
Post-COVID-19 pandemic demand from a consumer concerned about wellness and self-care as well as internal innovation and new products helped Ulta Beauty generate strong second-quarter results. Ulta posted a net income of $295.7 million, or $5.70 per diluted share,...
by Mike Duff | Aug 30, 2022 | Featured News, Retail Articles
As it worked to bring inventories down and serve shoppers with a broader range of bargains, Big Lots posted comparable sales and earnings declines but still did better than Wall Street expected. For the second quarter, Big Lots posted a net loss of $84.2 million, or...
by Mike Duff | Aug 30, 2022 | Retail Articles
Although total sales beat a Wall Street estimate, Kirkland’s Home suffered significant second-quarter comparable sales and earnings declines and now is working on bolstering inventory and liquidity positions. Net loss in the quarter was $25.7 million, or $2.02 per...
by Mike Duff | Aug 29, 2022 | Retail Articles
The second quarter proved pretty comfortable for Dollar Tree as consumers who are dealing with inflation sought out its stores for low prices on key needs. Even as it announced second-quarter results, Dollar Tree reported that it had appointed Jeffrey Davis to the CFO...
