Kroger Sales Surge In March
In an update on business trends, Kroger detailed operational changes that it has experienced since the COVID-19 outbreak including a rush in critical needs consumer purchasing.
sales
Q4 Earnings Miss Estimate As Nordstrom Names CEO
As Nordstrom reported its fourth quarter financial results, the company made changes at the top, including the appointment of Erik Nordstrom as CEO and the pruning of its board.
Ross Stores Finishes Strong Q4, Fiscal Year
Ross posted strong results in the fourth quarter with comps up and earnings above a Wall Street estimate.
Kohl’s Q4 Results Miss Expectations Despite Some Bright Spots
Kohl’s beat a Wall Street fourth quarter estimate and showed some bright spots in its performance, but CEO Michelle Gass expressed disappointment with the company’s financial results.
Target Beats Q4 Estimate Despite Lower Store Comps
Although store comparable sales slipped in the fourth quarter, digital sales helped Target post a higher overall comp and earnings that beat a Wall Street estimate.
Best Buy Enjoys Stellar Q4
The fourth quarter ran smoothly for Best Buy as the company reported sales and income advances while beating a Wall Street earnings estimate.
Big Lots Q4 Comps, Earnings Slip
A less-than-stellar fourth quarter weakened Big Lots financial performance for fiscal 2019.
Wayfair Q4 Sales Rise As Loss Grows
After launching a restructuring initiative earlier this month that cut about 3% of the company’s global workforce, Wayfair posted significantly higher revenues, and losses, in the fourth quarter.
Qurate Q4 Sales Slip
Revenues and operating income fell at QVC and HSN in the fourth quarter, which impacted Qurate Retail financial results, although the company made some adjusted income headway.
J.C. Penney Q4 Earnings Shrink But Less Than Expected
Although comparable sales declined significantly, J.C. Penney earnings contrasted with Wall Street estimates for a fourth quarter loss.
Strong Q4 Lifts TJX For The Year
TJX accelerated past market expectations for its fourth quarter and fiscal year, with strong comparable sales gains across its off-price retail banners.
Macy’s Fiscal Year Didn’t Live Up To Expectations
The fourth quarter at Macy’s showed some promise, but comps and earnings still slipped, as they did for the fiscal year.
Libbey Q4 Net Sales Decline
Libbey has reported a decrease in its net sales and a wider net loss for the fourth quarter. The company stated the decrease was due to a challenging market and a shortened fourth quarter 2019 holiday season.
Aaron’s Settles With The Feds As Q4 Sales Rise
A charge to settle a U.S. Federal Trade Commission matter pushed Aaron’s Progressive division to a loss in the fourth quarter, but not all news was bad news for the company.
Home Boosts Walmart Q4 Sales Gains
The home department helped Walmart post net and comparable sales gains in the fourth quarter, although earnings fell short of Wall Street estimates.
Burlington Raises Fourth Quarter Guidance
Off-pricer Burlington Stores has raised its sales and earnings per share guidance for its fourth quarter and fiscal year ended February 1, 2020.
CVS Produces Healthy Q4 Results
CVS Health put in a strong enough performance to beat Wall Street estimates in the 2019 fourth quarter as the retailer continued to integrate its Aetna acquisition into its operations.
Comp Drop Pressures Bed Bath & Beyond Q4 Performance
As it acknowledged mistakes in inventory management and a failure to drive traffic, Bed Bath & Beyond released its preliminary, unaudited financial performance data for the first two months of the fiscal 2019 fourth quarter, which included a 5.4% decline in comparable sales and a 13% decline in adjusted comps.
Bezos Credits Prime With Driving Amazon Earnings, Sales Growth
Amazon crushed analyst earnings estimates for the fourth quarter as full fiscal year sales surpassed $280 billion, as Jeff Bezos pointed to Prime services driving growth.
Charges Impact eBay Q4, Full Year Results
Full year and fourth quarter results at eBay were hit by unique charges including those associated with currency exchange rate fluctuations, the company stated, even as it set a definitive agreement to sell its StubHub division.