by Mike Duff | Mar 3, 2022 | Retail Articles
A renewed fresh food emphasis and expanded digital operations helped The Kroger Co. set financial records in the 2021 fiscal year and beat fourth-quarter Wall Street estimates in the process. In the fourth quarter, Kroger recorded company net earnings of $566 million,...
by Mike Duff | Mar 3, 2022 | Retail Articles
In a tough fourth quarter, Big Lots missed a Wall Street earnings estimate as supply chain, the COVID-19 Omicron variant and weather pressured financial results, according to the company. Big Lots posted a net income of $49.8 million, or $1.63 per diluted share,...
by Mike Duff | Mar 2, 2022 | Featured News, Retail Articles
Ross Stores surpassed $5 billion in sales in the fourth quarter, although earnings slipped versus fiscal 2019 while still beating a Wall Street estimate. Net earnings for the quarter were $366.8 million, or $1.04 per diluted share, versus $238 million, or 67 cents per...
by Mike Duff | Mar 1, 2022 | Retail Articles
The fourth quarter saw Target Corp. post earnings that beat a Wall Street estimate although revenues fell short despite strong comparable sales. For the quarter, net earnings were $1.54 billion, or $3.21 per diluted share, versus, $1.38 billion, or $2.73 per diluted...
by Mike Duff | Mar 1, 2022 | Retail Articles
After a period of contention with an activist investor, Kohl’s posted earnings gains that beat a Wall Street estimate even if the company fell short of revenues expectations, with macro issues hitting the top line. Net income for the quarter was $299 million, or $2.20...
