With consumers continuing to favor the company in a market influenced by the COVID-19 pandemic, Costco posted a 16.9% net sales increase for the five-week fiscal month of September ended October 5 to $16.84 billion.
Bed Bath & Beyond turned a profit in the second quarter while making comparable store sales gains buoyed by a significant digital comp increase.
As part of a financial preview, Big Lots has provided an update on expected results for the third quarter of fiscal 2020, which includes a forecasted mid-teen gain in comparable sales.
According to traffic tracker Placer.ai, Costco has been coming on strong through August and should benefit from a traffic surge since COVID-19 related shopping restrictions have normalized.
For the fiscal month of August, Costco reported net sales of $13.56 billion versus $11.79 billion for the period a year prior.
Despite coronavirus-associated challenges, Michaels managed to have a better-than-expected second quarter.
Although it posted a loss, the second quarter wasn’t all bad for Burlington Stores, which beat a Wall Street earnings estimate and managed to drive sales in stores as they reopened, although inventory issues did emerge.
Merchandise for the home helped drive strong Best Buy second quarter results.
An essential retailer in the COVID-19 pandemic, BJ’s Wholesale Club boosted its sales, earnings and membership fee numbers significantly in the second quarter.
Costco kept rolling through fiscal July, demonstrating that consumers continue to look for it as a resource to help them cope with COVID-19 pandemic-related circumstances.
At Home said it is emerging from the pandemic in a healthy position, reporting certain preliminary unaudited results for the second quarter ended July 25 including a comparable store sales increase of approximately 42%.
Front-end sales helped boost Rite Aid’s first quarter, one when it cut the company’s adjusted loss versus the period in the year past.
As it coped with the effects of the COVID-19 pandemic, Costco missed a Wall Street earnings per share estimate for the third quarter but posted positive comparable store sales and a big increase in e-commerce comps.
The coronavirus outbreak drove robust results at Dollar General to a degree that exceeded Wall Street expectations.
Costco’s store traffic has been a highlight of its performance through the coronavirus outbreak in the U.S., according to traffic tracker Placer.ai.
In a retail environment roiled by the COVID-19 pandemic, Kohl’s posted a big loss but detailed how it plans on emerging from the challenging time.
Amid a shopping surge related to the COVID-19 outbreak in the U.S. and beyond, Costco reported net sales of $15.49 billion for the retail month of March, the five weeks ended April 5, an increase of 11.7% year over year.
Dollar Tree has reported its comparable sales trends through March 29, with quarter to date comps up 7.1% for namesake stores and up 14.4% for Family Dollar but also with a late moderation of those gains.
Fourth quarter comparable sales woes hurt Ollie’s Bargain Outlet financial results, and the retailer pointed to a less balanced merchandising mix.
Williams-Sonoma posted a solid fourth quarter and fiscal year as the comparable sales across its retail brand portfolio enjoyed growth.