Just weeks after the announcement that ESL Holding was pursuing the shares of the company it didn’t yet own, Sears Hometown & Outlet Stores reported lower quarterly comps and earnings.
Although Hudson’s Bay has taken a number of significant steps to right its financial course, including winding down its Home Outfitters chain and selling its German operation, the company still posted a bigger first quarter adjusted net loss. The bigger loss came despite improvement at its Saks department store and off-price operations.
Restoration Hardware (RH) shrugged off tariff concerns with a strong first quarter, registering a big beat over Wall Street earnings estimates.
Tariff increases loom over Five Below, but the company raised its guidance for the fiscal year as it reported first quarter results.
At Home CEO Lee Bird asserted that unseasonable weather across its markets impacted the company’s first quarter financial results, with comparable store sales below expectations.
Costs associated with the departure of its former CEO, Chuck Rubin, the closure of the company’s Pat Catan’s stores and lower comparable sales were factors that hit Michaels first quarter financial results.
Conn’s comparable store sales slid in the first quarter but a better gross margin and the company’s improved credit segment performance helped drive earnings up in the period year over year.
Big Lots beat a Wall Street earnings per share estimate as the off-price retailer progressed in its first quarter.
Celebrating its 80th year in business, Dollar General started out strong in the first quarter with both sales and earnings growth.
As it posted declining results in the first quarter, Evine emphasized executive changes and initiatives designed to turn around the business.
Hubert Joly, who is exiting the CEO role, said that the first quarter represented “a good start” to the Best Buy fiscal year.
Stein Mart weathered a rough first quarter, but pointed to initiatives rolling out in the second half that it feels will build sales growth and store traffic.
TJX enjoyed a strong first quarter performance, highlighted by a solid comparable store sales increase above the company’s expectations.
Macy’s showed progress in its first quarter, beating Wall Street estimates and asserting that it was gaining traction with its omnichannel growth strategies.
In the first quarter, as home division revenues continued to gain, Dorel Industries recorded a net loss of $8.3 million, or 26 cents per diluted share, versus $4.7 million, or 14 per cents per diluted share, in the year-before period.
As it continues to adjust its business model after the QVC and HSN merger, Qurate Retail struggled in a challenging first quarter.
Overstock continues restructuring its retail business as it posted a first quarter loss and named Dave Nielsen president of retail.
For the first quarter, which ended shortly before Smart & Final announced its acquisition by Apollo Global Management, the retailer reported a comparable store sales gain.
Direct retail sales at Wayfair gained 39% in the first quarter year over year, but losses increased as well, with the deficit growing from $200.4 million, or $2.20 per diluted share, from $107.8 million, or $1.22 per diluted share in the previous first quarter.
First quarter financial results indicate that its fresh approach to retail and health care, including the company’s Aetna acquisition, is making gains, said Larry Menlo, CVS Health Corp. president and CEO.