by Mike Duff | Nov 15, 2022 | Featured News, Retail Articles
Walmart’s third quarter net earnings took a hit because of equity investment charges related to JD.com and an opioid lawsuit settlement, but adjusted earnings per share and revenues beat Wall Street estimates. Consolidated net loss was $1.8 billion, or 66 cents per...
by Mike Duff | Nov 7, 2022 | Retail Articles
Qurate Retail took major impairment charges in the third quarter related to goodwill, the trade names of HSN and Zulily and recent performance, but the company still posted a loss after adjustment. For the third quarter, Qurate Retail recorded a company net loss of...
by Mike Duff | Nov 4, 2022 | Retail Articles
Publix sales gained in the third quarter, but earnings fell because of a slide in equity securities. For the three months that ended September 24, Publix’s sales were $13 billion, up from $11.9 billion in 2021, as comparable store sales for the third quarter increased...
by Mike Duff | Nov 3, 2022 | Featured News, Retail Articles
After the company narrowly beat Wall Street estimates despite recording a loss, Wayfair CEO Niraj Shah detailed plans for a quick recovery of the company’s financial fortunes. Net loss in the quarter was $283 million, or $2.66 per diluted share, versus a net loss of...
by Mike Duff | Nov 2, 2022 | Retail Articles
Third quarter earnings and income at CVS Health beat Wall Street estimates despite unadjusted losses from an opioid litigation settlement. Company net loss was $3.42 billion, or $2.60 per diluted share, versus net income of $1.6 billion, or $1.20 per diluted share, in...
