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 4, 2023 | Featured News, Retail Articles
The previously announced return-to-profits initiative by Wayfair took a step forward as the company reduced adjusted losses and bested Wall Street expectations for the first quarter. Net loss in the quarter was $355 million, or $3.22 per diluted share, versus $319...
