Best Buy Q4 Gets Big Digital Boost
Digital comparable sales gains helped Best Buy build revenues and earnings for the fourth quarter and fiscal year ended January 30.
Financials
Wayfair Q4 Closes Profitable Year Of Big Sales Gains
In a profitable fourth quarter, Wayfair revenue jumped by a billion dollars, or 45%, year over year as fiscal 2020 revenue gained 55% and a net loss turned to net gain.
Lowe’s Q4 Advances On Consumer Home Focus
Consumer focus on the home helped Lowe’s Cos. drive strong fourth-quarter comps and post substantial earnings gains for fiscal 2020.
TJX Q4 Hit By COVID But HomeGoods Stays Healthy
HomeGoods delivered strong comparable sales gains for TJX Cos. in a fourth quarter and fiscal year when the company struggled to overcome store closings and other effects of the coronavirus pandemic.
Home Depot Q4 Comps Soar As Earnings Beat Estimate
A stellar fourth quarter with double-digit comparable sales growth closed out a bright fiscal year at Home Depot.
Macy’s Turns Q4 Profit Despite Lower Comps
Macy’s suffered lower comparable sales in a coronavirus-stricken market but beat a fourth-quarter Wall Street earnings estimate in posting profits in the quarter while announcing a full-year loss.
Dillard’s Hurt By COVID But Improved In Q4
The COVID-19 pandemic hit Dillard’s hard in the 2020, although it is working to recover with a negative fourth-quarter comparable-store sales reading still seven points better than the minus-24% registered in the third quarter, and an earnings beat versus Wall Street in the fourth quarter.
Kirkland’s Expects Record Earnings In Q4
Preliminary results released by Kirkland’s for the fourth fiscal quarter ended January 30 include expectation of earnings per diluted share of $1.30 to $1.40 and adjusted earnings per diluted share of $1.35 to $1.45, marketing a big step forward year over year.
Walmart Misses Q4 Earnings Estimate But Comps Stay Strong
One-time charges hit Walmart net earnings in the fourth quarter but the company posted significant comparable store sales gains at operations in the United States for the period and the fiscal year, and it is telling the investment community that it will leverage advantages in omnichannel operations.
Surging Demand Drives Ace Q4, Fiscal Year
Ace Hardware Corp. advanced on the retail and wholesale front, completing a strong fiscal 2020 when stores under the banner in the United States stayed open in the COVID-19 pandemic as essential retail operations.
CVS Beats Q4 Street Earnings Estimate As Revenues Gain
As COVID-19 continues to roil its operations, CVS Health beat a fourth-quarter analyst earnings per share estimate as retail segments revenues advanced.
eBay Touts Seller, Refurbish Programs In Reporting Q4 Growth
eBay, in announcing earnings that beat a fourth-quarter analyst estimate, emphasized its support of small business sellers on the platform through such programs as Up & Running Grants.
Kitchen, Personal Care Appliances Propel Spectrum In Q1
Spectrum Brands was propelled to strong sales and earnings in its fiscal first quarter with help from steep holiday season gains from small kitchen appliances and personal care appliances.
Digital Operations Give Sally Beauty Q1 Spark
Digital operations, including a buy-online/pick-up-in-store push, helped Sally Beauty withstand COVID-19 headwinds in the first quarter.
Kohl’s Raises Fourth-Quarter Expectations
Kohl’s Corp. reported that it expected fourth-quarter earnings to exceed earlier company expectations for the period, presenting significant improvement from its third quarter.
Costco Gains Ground In Stores, Online In January
With a strong comparable sales performance in the United States, Costco made big strides in January, further aided by a triple digit increase in e-commerce comps.
Ikea Requirement Addresses Tip-Over Safety
Ikea Retail U.S. has established a new sales requirement in which customers must acknowledge the need for a wall attachment on certain chests of drawers and other select clothing storage pieces as part of the company’s commitment to customer safety.
Big Q4 Boosts Tractor Supply’s Fiscal Year
Tractor Supply fourth-quarter earnings beat a Wall Street estimate, and the company finished the fiscal year with strong sales gains.
Transforming Ikea U.S. Registered Sales Of $4.7 Billion In Fiscal 2020
Amid change in its fundamental business, including abandonment of its traditional catalog, Ikea Retail U.S. released its 2020 Annual Summary, highlighting how the company is transforming its business to be more accessible, convenient and sustainable— a process accelerated by the COVID-19 pandemic.
Home, Same-Day Fulfillment Boost Target Holiday Sales
Target Corp. comparable sales in the combined November/December holiday period grew 17.2%, driven by a 4.3% increase in traffic and a 12.3% advance in average ticket, and aided by home merchandise sales.