Fiskars Corporation, in revealing its interim report for the first quarter of 2017, reported that it had a strong quarter, seeing net sales growth.
Amazon’s net sales and earnings continued to soar in the first quarter, although the e-commerce giant reported increased costs as it grew its fulfillment operations.
For the 14-week fourth quarter, as its ongoing merger attempt with Walgreens Boots continued, Rite Aid posted a company net loss of $21.1 million, or two cents per diluted share, versus company net earnings of $65.6 million, or six cents per diluted share, in the 13-week period a year earlier.
99 Cents Only Stores produced mixed results in its fourth quarter, gaining sales but growing its net loss.
For the fourth quarter ended February 25, one that helped the company finish the year on a high note, Pier 1 Imports posted net income of $26.6 million, or 33 cents per share, versus $18.7 million, or 23 cents per share, in the fiscal year-before period.
Fred’s reported a net loss in both its fourth quarter and fiscal year and continued to await the approval of Walgreens’ purchase of Rite Aid and the retailer’s related purchase of 865 Rite Aid stores.
With weather cited as a factor, Tractor Supply Co. provided a business update for the first quarter ended April 1, when comparable store sales decreased 2.2%.
For the fourth quarter ended February 25, a period when the digital operations that have been subject of heavy investment helped compensate for relative store weakness, Bed Bath & Beyond posted net earnings of $268.7 million, or $1.84 per diluted share, versus $303.5 million, or $1.91 per diluted share, for the fiscal 2015 fourth quarter.
After posting a steep net loss in the fourth quarter, Hudson’s Bay said it was identifying ways to evolve its operations, including its digital initiatives.