by Mike Duff | Jul 29, 2022 | Featured News, Retail Articles
Amazon fell short of second-quarter expectations as it continued working to cut costs and drive its Prime business. In the quarter that ended June 30, Amazon’s net loss was $2.03 billion, or 20 cents per diluted share, versus net earnings of $7.78 billion, or 76...
by Mike Duff | Jul 27, 2022 | Retail Articles
In a quarter when shoppers shifted to food and consumable purchasing under the pressure of inflation, Albertsons Cos. posted satisfying sales and earnings, beating Wall Street estimates. Net income was $484.2 million, or 84 cents per share, versus $444.8 million, or...
by Mike Duff | Jul 26, 2022 | Retail Articles
In a business update, Walmart provided a revised outlook for the fiscal second quarter and full year as it takes pricing actions to improve inventory levels at Walmart and Sam’s Club stores in the United States. The company expects comparable sales for Walmart U.S.,...
by Mike Duff | Jul 22, 2022 | Retail Articles
In the second quarter, Tractor Supply enjoyed mid-single-digit comparable store sales growth following a 10.5% year-over-year gain in the period a year prior and a solid earnings increase. Net income increased to $396.5 million, or $3.53 per diluted share, from $370...
by Mike Duff | Jun 27, 2022 | Retail Articles
Store closures contributed to a bigger first-quarter net loss at Rite Aid Corp., but the company is counting on its expanded pharmacy operations as well as its beauty business and revamped loyalty program to help improve its results. First-quarter net loss was $110.2...
