by Mike Duff | Aug 9, 2023 | Retail Articles
Although iRobot Corp. second-quarter earnings slipped, the company managed to beat a Wall Street estimate as it continues to await the conclusion of its merger with Amazon. Net loss was $80.8 million, or $2.93 per diluted share, versus $43.4 million, or $1.60 per...
by Mike Duff | Aug 4, 2023 | Retail Articles
As the company pursues its turnaround strategy, Qurate Retail missed analyst estimates for second-quarter sales and earnings, with adjusted profits falling into loss territory. Company net earnings were $107 million, or 28 cents per diluted share versus $203 million,...
by Mike Duff | Aug 4, 2023 | Retail Articles
In the second quarter, Amazon posted strong earnings even as its overall and product sales advanced. Amazon’s net income was $6.75 billion, or 65 cents per diluted share, compared with a net loss of $2.03 billion, or 20 cents per diluted share, in the 2022...
by Mike Duff | Aug 3, 2023 | Retail Articles
Costco Wholesale Corp. reported net sales of $17.6 billion for fiscal July up 4.5% from the month a year earlier. Comparable sales, excluding the effects of fuel price and foreign exchange rate volatility, increased 5% in the month year over year with comps in the...
by Mike Duff | Aug 3, 2023 | Retail Articles
Although sales and profits fell in the second quarter, Hamilton Beach still sees revenues for the year coming in flat and operating income gaining against 2022 due to a stronger expected performance in the back half of 2023. Net income was $110,000, or one cent per...
