by Mike Duff | May 1, 2024 | Retail Articles
In the first quarter, Amazon drove sales and earnings past Wall Street expectations as each of its major divisions showed gains and new plans got underway, including the development of a new Whole Foods Market store concept. Net income increased to $10.43 billion, or...
by Mike Duff | Apr 26, 2024 | Appliances, Cookware, Featured News, Food Storage, Home + Housewares, Kitchen Electrics, Kitchenware
As Newell Brands advances a turnaround plan initiated last year, the company beat Wall Street’s first-quarter estimates on loss and revenue. Net loss in the quarter was $9 million, or two cents per share, compared with $102 million, or 25 cents per share, in the...
by Mike Duff | Dec 18, 2023 | Featured News, Retail Articles
Costco Wholesale Corp. came out ahead of an analyst estimate for its first quarter as earnings and comps gained with help from nonfoods. Costco reported that net income was $1.59 billion, or $3.58 per diluted share, versus $1.36 billion, or $3.07 per diluted share, in...
by Mike Duff | Jul 25, 2023 | Retail Articles
Although earnings slipped year over year, Albertsons beat Wall Street estimates for the first quarter driven by a gain in identical sales, even if inflation was part of the increase. Net income was $417.2 million, or 72 cents per diluted share, versus $484.2 million,...
by Mike Duff | Jun 29, 2023 | Retail Articles
In the first quarter, Rite Aid made strides, posting revenues that exceeded analyst expectations and a lower adjusted loss that also came in better than Wall Street anticipated. First quarter net loss was $306.7 million, or $5.56 per diluted share, compared to a net...
