The Home Depot exceeded Wall Street expectations in a third quarter when net earnings were $2.87 billion, or $2.51 per diluted share, versus $2.17 billion, or $1.84 per diluted share, in the year-previous quarter.
With fourth quarter profits exceeding Wall Street expectations, Walgreens Boots Alliance touted gains for both the period and the fiscal year despite weak U.S. retail comps.
A relaunch effort has not started the way the company hoped, Pier 1 Imports stated in preliminary financial results for a second quarter that included a comparable sales decrease of 11.4% in the period year over year.
Best Buy beat Wall Street estimates with a solid performance in the second quarter, with comps driven by strong electronics product demand and what the company termed a favorable environment.
As Lowe’s reported a solid second quarter, the home improvement retailer said it will close its Orchard Supply Hardware store division.
Macy’s rebound continued into the second quarter, beating Wall Street estimates, although the retailer struggled to deliver sales growth.