Fred’s pointed to sales improvement in its second quarter, although the drug store retailer’s wider net loss was impacted by the failed acquisition of certain Rite Aid stores.
Strong comparable sales helped Best Buy advance its earnings in the second quarter.
With a double digit comparable sales decline, the second quarter proved difficult for Sears Holdings and its store network. The struggling retailer also said it would close 28 more Kmart stores.
For the first quarter, Publix’s sales were $8.69 billion, a 0.4% decrease from last year’s period as the Easter holiday timing affected results, the company stated.
In the fourth quarter, ended January 31, when it emphasized margin over sales growth, Conn’s recorded a net loss of $74,000, or $0 per diluted share, versus net income of $1.1 million, or three cents per diluted share, in the year-previous period.
Target suffered disappointment in a fourth quarter that only just achieved the low end of its expectations and will invest in lower prices not long after reports emerged that Walmart is experimenting with a new pricing model.
For the fourth quarter ended January 31, Wal-Mart Stores posted company net income of $3.76 billion, or $1.22 per diluted share, versus $4.57 billion, or $1.43 per diluted share, in the year-earlier period.
Although the company could not post GAAP net or per diluted per share loss as it determines income tax effects of goodwill impairment, Rent-A-Center reported that its fourth quarter loss before income taxes was $170.9 million versus $1.13 billion loss in the period a year prior including a $1.17 billion goodwill impairment charges taken in the core business segment in the United States.
Kirkland’s reported a comp decline in the fourth quarter after weak traffic in December.