by Mike Duff | Aug 5, 2022 | Retail Articles
As the company continues on its reorganization as a community well resource, CVS Health beat Wall Street estimates on earnings and revenues while posting a strong comparable sales gain in the retail business. Company net income was $2.95 billion, or $2.23 per diluted...
by Mike Duff | Aug 4, 2022 | Retail Articles
For the second quarter, Wayfair recorded a loss during a period the company’s chairman termed “difficult.” Net loss for the quarter was $378 million, or $3.59 per diluted share, versus net income of $131 million, or $1.14 per diluted share in the year-previous period....
by Mike Duff | Aug 4, 2022 | Retail Articles
In the second quarter, Rent-A-Center saw earnings slip as inflation squeezed its lower-income customers, but it still managed to profit better than Wall Street expected. Net earnings were $19.7 million, or 33 cents per diluted share, versus $61.3 million, or 90 cents...
by Mike Duff | Aug 2, 2022 | Retail Articles
Sales advanced in the second quarter that ended June 25 but earnings lagged at Publix. In the quarter, Publix’s net earnings were $628.4 million, or 18 cents per share, versus $1 billion, or 29 cents per share, in the 2021 period, the company reported. Earnings per...
by Mike Duff | Aug 2, 2022 | Retail Articles
In the second quarter, mall and brand operator Simon beat Wall Street estimates even as its JCPenney business acted as a slight drag, but only after a stronger past performance. Company net income was $496.7 million, or $1.51 per diluted share, Simon stated, versus...
