by Mike Duff | May 10, 2023 | Retail Articles
The ODP Corp., Office Depot’s parent company, had a solid start to the fiscal year with first-quarter financials surprising Wall Street even as its retail division lagged a bit. Net income from continuing operations was $72 million, or $1.71 per diluted share, versus...
by Mike Duff | May 5, 2023 | Retail Articles
Qurate Retail reported the company turnaround plan is taking hold as its first-quarter loss was less than Wall Street expected and sales were more. Company net income was $20 million, or 5 cents per diluted share, versus $1 million, or, in effect, zero cents per...
by Mike Duff | May 5, 2023 | Retail Articles
In the midst of reorganizing the company, CVS Health posted lower net income that was still good enough to beat a Wall Street estimate, and it recorded a front-end comp gain. Company net income was $2.14 billion, or $1.65 per diluted share, versus $2.35 billion, or...
by Mike Duff | May 4, 2023 | Retail Articles
As it pursued and launched growth initiatives in the first quarter, Hamilton Beach Brands Holding Co. posted a net loss as slow consumer demand and retailer inventory repositioning hit sales. Net loss was $4.8 million, or 34 cents per diluted share, compared to net...
by Mike Duff | May 3, 2023 | Retail Articles
Net and comp sales at Publix gained in the first quarter but earnings came in essentially flat. For the three months ended April 1, Publix’s sales were $14.3 billion, an 8.2% increase from the quarter in 2022. Comparable store sales for the quarter grew 6.4% year...
