by Mike Duff | Apr 20, 2023 | Retail Articles
Rite Aid narrowed adjusted loss in the fourth quarter but was short of Wall Street expectations even as sales surpassed an analyst estimate. For the quarter, Rite Aid announced that it lost $241.3 million, or $4.39 per diluted share, versus a loss of $389.1 million,...
by Mike Duff | Apr 11, 2023 | Retail Articles
As it awaits a merger with The Kroger Co., Albertsons continues to advance, posting sales and adjusted earnings gains above expectations. Net income was $311.1 million, or 54 cents per diluted share, versus $455.1 million, or 79 cents per diluted share, in the...
by Mike Duff | Apr 4, 2023 | Retail Articles
As fourth-quarter sales fell and the company posted a loss, Kirkland’s Home announced that its president and CEO Woody Woodward would retire effective May 31. The company noted that its board of directors is evaluating options for a permanent successor. Board member...
by Mike Duff | Mar 30, 2023 | Retail Articles
Amid economic uncertainty, luxury home merchandise retailer Restoration Hardware had a difficult fourth quarter with earnings and revenues coming in well short of expectations. For the quarter, RH posted net income of $106.9 million, or $4.21 per diluted share, versus...
by Mike Duff | Mar 24, 2023 | Retail Articles
Ollie’s Bargain Outlet Holdings finished its latest complete fiscal year with a solid finish, beating Wall Street estimates on sales and earnings. Net income totaled $53.1 million, or 85 cents per diluted share, versus $44.7 million, or 71 cents per diluted share, in...
