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Walgreens Pursues Retail Turnaround but Q1 Comps Slip

Walgreens Pursues Retail Turnaround but Q1 Comps Slip

by Mike Duff | Jan 10, 2025 | Retail Articles

As it engages in a turnaround effort, Walgreens Boots Alliance posted lower earnings and lower retail comparable sales but still beat Wall Street estimates. Company net loss in the first quarter was $265 million, or 31 cents per share, versus a net loss of $67...
Albertsons Posts Solid Q3 After Kroger Merger Fails

Albertsons Posts Solid Q3 After Kroger Merger Fails

by Mike Duff | Jan 10, 2025 | Retail Articles

In announcing third quarter financial results, Vivek Sankaran, Albertsons Cos. CEO, stated that the company had positioned itself for future growth, despite a planned merger with The Kroger Co. falling through due to opposition from United States Federal and a group...
Costco Advances Through Q1 With Help from Home Furnishings, Nonfoods

Costco Advances Through Q1 With Help from Home Furnishings, Nonfoods

by Mike Duff | Dec 13, 2024 | Retail Articles

Costco posted another strong quarter with solid comparable sales and earnings increases as nonfoods revenue, including home furnishings, health and beauty aids, luggage and hardware, gained. Net income for the quarter was $1.8 billion, or $4.04 per diluted share,...
Ross Q3 Momentum Slowed By Weather, Execution Issues

Ross Q3 Momentum Slowed By Weather, Execution Issues

by Mike Duff | Nov 22, 2024 | Retail Articles

Headwinds limited Ross Stores’ gains in the third quarter, the company reported, even as its customers remain wary of discretionary spending. Net earnings for the quarter were $488.8 million, or $1.48 per diluted share, versus $447.3 million, or $1.33 per...
BJ’s Q3 Gains with Progress Made in GM Operations

BJ’s Q3 Gains with Progress Made in GM Operations

by Mike Duff | Nov 21, 2024 | Retail Articles

In the third quarter, BJ’s earnings beat a Wall Street estimate and comparable store sales advanced as the general merchandise business stabilized. The company pointed out that its membership fees would increase at the start of 2025. Net income in the quarter was...
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