Walgreens Navigates Changes As Q2 U.S. Retail Comp Gains
In the second quarter, Walgreens retail sales in the U.S. edged up as the company prepared for the spread of COVID-19 to the country.
Financials
RH Posts Strong Year But Faces COVID-19 Disruption
After completing a strong fourth quarter and fiscal year, Restoration Hardware is responding to the COVID-19 crisis by adjusting operations including capital spending and deferring executive salaries.
COVID-19 Pressures At Home After Tough Q4
At Home asserted that the short holiday season hurt its fourth quarter and full-year comps, which factored into lower earnings. Now the coronavirus pandemic has diminished store traffic as well.
Ollie’s Q4 Comps Slide On Merchandising Miss
Fourth quarter comparable sales woes hurt Ollie’s Bargain Outlet financial results, and the retailer pointed to a less balanced merchandising mix.
Comparable Sales Gains Drive Williams-Sonoma Q4 Results
Williams-Sonoma posted a solid fourth quarter and fiscal year as the comparable sales across its retail brand portfolio enjoyed growth.
Michaels Q4 Comps Slip
Michaels adjusted net income and comparable sales both slipped in the fourth quarter, although the company met a Wall Street earnings estimate.
Overstock Reduces Q4, Fiscal Year Losses
As it stabilizes its retail business, Overstock posted smaller losses for the fourth quarter and fiscal year even with lower revenues.
Kirkland’s Stumbles In Q4, Fiscal Year
Despite e-commerce gains, Kirkland’s posted lower fourth quarter adjusted profits and a loss for the year as comparable sales decreased. The company also said it plans to close 28 underperforming stores in the first quarter.
Ulta Beauty Delivers Solid Q4
Ulta Beauty delivered a solid fourth quarter and fiscal year, as the beauty retailer said it enhanced its omnichannel capabilities and expanded market share.
Stein Mart Prepares For Merger After Flat Q4
As the off-price retailer prepares for the closing of a pending merger agreement, Stein Mart reported fairly flat net sales and comparable store sales in the fourth quarter.
Dollar General Positioned For Growth After Strong Q4
Dollar General wrapped up a strong fourth quarter and fiscal year performance, capped by the retailer’s 30th consecutive year of same-store sales growth.
Lifetime Brands Q4 Sales Decline Despite U.S. Growth
Despite growth in its core U.S. business, Lifetime Brands reported a slight decrease in net sales for the fourth quarter of 2019. Rob Kay, company CEO, stated that operational challenges from its reorganized U.K. operations had an impact on shipments, offsetting the company’s overall results.
At Home Sees Comp Improvement In Q4
At Home has revealed certain preliminary unaudited results for the fourth quarter and fiscal year ended January 25, 2020, with net sales and comps above the high end of its previous outlook.
Costco Sales Surge In Q2
Sales surged at Costco during the retailer’s second quarter and the month of February. The warehouse club operater pointed to consumer coronavirus concerns as part of the reason for the strong sales growth.
Kroger Drives Strategic Repositioning Through Q4
As it pursues a range of ventures, including its partnership with the Ocado online grocery business, Kroger posted identical store sales gains and higher adjusted earnings for the full year and fourth quarter.
Family Dollar Weakens Dollar Tree Q4 Performance
Dollar Tree beat a fourth quarter Wall Street earnings estimate as comps rose slightly, and the company continued to accelerate its Family Dollar store improvement program.
BJ’s Wholesale Club Produces Solid Fiscal Year
BJ’s Wholesale Club produced a solid fourth quarter and fiscal year as the warehouse club operator expanded its omnichannel capabilities.
Burlington Boosts Q4 Comps
Burlington Stores boosted its comparable store sales during the holiday season as the off-price retailer wrapped up a solid fourth quarter and fiscal year.
Q4 Earnings Miss Estimate As Nordstrom Names CEO
As Nordstrom reported its fourth quarter financial results, the company made changes at the top, including the appointment of Erik Nordstrom as CEO and the pruning of its board.
Ross Stores Finishes Strong Q4, Fiscal Year
Ross posted strong results in the fourth quarter with comps up and earnings above a Wall Street estimate.