by Mike Duff | Oct 19, 2022 | Retail Articles
With the blockbuster announcement that the company is preparing to merge with The Kroger Co.just days behind it, Albertsons Cos. announced identical store sales and earning advances in the second quarter. Net income was $342.7 million, or 59 cents per diluted share,...
by Mike Duff | Sep 30, 2022 | Retail Articles
The second quarter saw Rite Aid losses increase and sales come up short of last year’s period, although a bit ahead of Wall Street projections. For the quarter, the company reported a net loss of $331.3 million, or $6.07 per diluted share, versus a net loss of $100.3...
by Mike Duff | Sep 29, 2022 | Featured News, Retail Articles
Bed Bath & Beyond missed Wall Street estimates for the second quarter as sales slid and losses mounted. Net loss was $366.2 million, or $4.59 per diluted share, versus a net loss of $73.2 million, or 72 cents per share, in the year-before quarter. Adjusted for...
by Mike Duff | Sep 9, 2022 | Retail Articles
Sales gained but Restoration Hardware earnings slipped in the second quarter as market conditions took a toll. Net income was $122.3 million, or $5.37 per diluted share, versus $226.7 million, or $7.09 per diluted share, in the year-prior quarter. Adjusted for...
by Mike Duff | Sep 9, 2022 | Retail Articles
In the second quarter, Kroger saw across-the-board financial advances that exceeded expectations as the company continues to leverage technology, as in its robotic fulfillment centers using Ocado technology, and, as a consequence, omnichannel operations, and made...
