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.
Ross posted strong results in the fourth quarter with comps up and earnings above a Wall Street estimate.
The fourth quarter ran smoothly for Best Buy as the company reported sales and income advances while beating a Wall Street earnings estimate.
Although comparable sales declined significantly, J.C. Penney earnings contrasted with Wall Street estimates for a fourth quarter loss.
The fourth quarter at Macy’s showed some promise, but comps and earnings still slipped, as they did for the fiscal year.
For the four weeks ended February 2, Costco Wholesale Corp. posted net sales of $11.57 billion, up 8% from the year-before period.
The holidays weren’t kind to J.C. Penney, as comparable sales for the combined nine-week period ending January 4 slid 7.5%, the company reported.
Costco posted solid comparable sales numbers in fiscal November and the first quarter, even if the warehouse club suffered a digital hiccup during the holiday weekend.
Kohl’s may have improved its momentum as the third quarter ended with a comparable store sales increase, but it missed a Wall Street estimate for the period.
In the third quarter, Publix comparable store sales increased but profits slipped, the retailer reported.
For the five weeks ended October 6, Costco posted a comparable sales gain of 5.6% from the period a year earlier with the effects of changes in fuel and foreign exchange prices excluded.
Bed Bath & Beyond has reported mixed second quarter results, including the closure of 60 stores, asserting that its turnaround initiatives have improved its financial condition. However, questions remain over when the retailer will select its new CEO and if any significant assets will be divested.
In a second quarter when it exceeded Wall Street expectations, BJ’s Warehouse Club reported gains in both net sales and earnings as well as comparable club sales.