Profits improved for Conn’s in the third quarter ended October 31, as the company posted net income of $14.6 million, or 45 cents per diluted share, versus $1.6 million, or five cents per diluted share, in the year-earlier period.
In the third quarter, with sales driven by store and e-commerce gains, Ulta Beauty comparable sales advanced 7.8%.
Michaels boosted its net income in a solid third quarter driven by comparable store sales gains.
In a third quarter impacted by the sale of Kroger’s convenience store division and acquisition of Home Chef, along with its investments in growth initiatives, the supermarket retailer reported a drop in net earnings.
As it continued to expand its store count, At Home delivered its 19th consecutive quarter of comparable store sales growth as well as its 18th consecutive quarter of over 20% net sales growth.
Hudson’s Bay said it was encouraged with its turnaround strategies through the third quarter, highlighted by a strong comp increase at its Saks Fifth Avenue division.
Ollie’s Bargain Outlet reported double-digit sales growth in the third quarter as the retailer opened its 300th store in the three-month period ended November 3.
For the third quarter ended November 3, Restoration Hardware (RH) added two design galleries and beat a Wall Street earnings estimate by 46 cents as it posted a comp gain of 4%.
Dollar General saw its net sales and earnings jump in the third quarter as it continued to ramp up its store growth plans into 2019.
As it welcomed a new CEO and battled higher freight and store occupancy costs, Kirkland’s posted a narrower net loss as its comps gained in the third quarter.
Pressured by freight and other cost increases, Dollar Tree managed to grow its net sales and income, although comps slipped at the company’s Family Dollar banner.
For the third quarter ended November 3, when comparable sales in the U.S. increased 4.3%, Best Buy posted net earnings of $277 million, or 99 cents per diluted share, versus $239 million, or 78 cents per diluted share, in the year-before period.
BJ’s Wholesale Club, now a public company, beat analyst estimates in the third quarter, delivering net sales and income growth.
Nordstrom’s third quarter earnings were impacted by a credit-related charge while the department store retailer kept sales relatively steady year over year.
Off-price retailer Ross Stores saw its sales and earnings rise in the third quarter ahead of the company’s projections as it prepared for the holiday season push.
TJX touted a strong third quarter, as consolidated company comparable store sales advanced 7%, but earnings, although up, fell short of Wall Street expectations.
Although it missed Wall Street analyst estimates, Target enjoyed significant comparable sales and income growth in the third quarter, posting net earnings from continuing operations of $616 million, or $1.16 per diluted share.
Kohl’s is gaining momentum heading into the holiday season as the retailer reported a comparable store sales increase in the third quarter.
Lowe’s is continuing to undergo cost cutting moves under new CEO Marvin Ellison as it positions itself to focus on its core home improvement business.
In a third quarter when e-commerce sales gave the company a boost, Williams Sonoma delivered solid results with an increase in net earnings and revenues.