After experiencing an inventory glut as the year began, Target decided to quickly address the merchandise excess. Although it believes doing so positioned the company for better margins in the back end of the year, the determination pressured second-quarter...
Walmart put up solid numbers in its second quarter after moves to cut costs and shift emphasis as consumer spending patterns changed under the influence of inflation. Walmart net income was $5.15 billion, or $1.88 per diluted share, versus $4.28 billion, or $1.52 per...
In the second quarter, as the company looked forward to its first South Dakota location, Dillard’s net income slipped year over year but still came in as a big beat versus Wall Street earnings per share estimates. Dillard’s posted a net income of $163.4 million, or...
One-time charges aside, eBay managed to beat a Wall Street earning estimate in the second quarter, even if sales and earnings slipped. Net loss from continuing operations was $536 million, or 96 cents per diluted share, versus net income of $294 million, or 43 cents...
A fire and inflation contributed to less-than-expected second quarter financial results at Qurate Retail, even as it undertakes a strategic turnaround initiative. Company net income in the quarter was $203 million, or 53 cents per diluted share, versus $222 million,...
