Fast Retailing Co., operator of the Uniqlo apparel chain, reported a net profit of $405.3 million for the first quarter, a 37% rise that the company said was due in large part to a change in accounting methods.
Kroger Co. raised its full-year forecast and also projected earnings growth for its next fiscal year that was ahead of long-term goals even as its profit slipped 2% in the third quarter.
Kirkland’s net profit in its fiscal third quarter as operating expenses and cost of sales rose, and same-store sales declined. But its results still beat Wall Street's expectations.
Charming Shoppes said Thursday that its first-quarter net income more than quintupled, but its revenue was flat and the profit rise was driven largely by cost cutting.