The Thanksgiving weekend period was busy, particularly cold in some places, and productive from a retail perspective, market research firms analyzing sales data and at least one key retailer already have reported.
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.
Overstock.com pursued more robust marketing initiatives in the third quarter ended September 30 and, partially because of those efforts, posted a net loss of $47.9 million, or $1.55 per diluted share, versus $786,000, or three cents per diluted share, in the year-earlier period.
Third quarter revenue at CVS Health Corp. was up slightly as front-end comparable store sales also edged up.
Dorel’s third quarter featured its home division, which reached record revenues, but the company cautioned that the tariffs could impact prices and consumer demand in the future.
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.
The Walmart U.S. business delivered the best quarterly comp sales results for the retailer in more than a decade during the second quarter. Walmart also highlighted new features in its home category online shopping platform as well as the expansion of its brand assortments.