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.
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.
Although comparable sales declined significantly, J.C. Penney earnings contrasted with Wall Street estimates for a fourth quarter loss.
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.
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.