Some unique twists will confront retail as the year ends, with Boston Consulting Group’s 2024 Holiday Outlook Survey suggesting that the consumer approach to the season is mixed. Using insights from consumers in the United States and credit card data, the study found...
Consumer reluctance to engage in discretionary spending resulted in Dollar Tree’s second quarter being short of expectations. Net income was $132.4 million and diluted earnings per share was 62 cents versus $200.4 million, or 91 cents per diluted share, in the...
Even as it expanded on its Target Corp. partnership, Ulta Beauty comps declined in the second quarter as earnings and sales fell short of Wall Street estimates. Net income was $252.6 million, or $5.30 per diluted share, versus $300.1 million, or $6.02 per diluted...
Despite financial pressure on a core shopper coping with the effects of inflation, Ross Stores posted higher than anticipated sales and earnings for the second quarter. Net earnings were $527.1 million, or $1.59 per diluted share, versus $446.3 million, or $1.32 per...
At a time when home improvement companies are facing consumers who are budgeting closely and making fewer discretionary purchases, Ace Hardware reported lower second-quarter earnings and declining comparable sales. In the quarter, the company’s net income was...
