Finance & Capital Management

Rising expenses take toll on Under Armour Q2 profits
Baltimore – Even a reduction in income taxes couldn’t fully offset the impact of rising expenses on profit at Under Armour during the second quarter of fiscal 2015. Net income decreased 17% to $15 million, compared with $18 million in the prior year's period. The decline in net income came even as net revenues increased 29% to $784 million, compared with $610 million. Direct-to-consumer net revenues, which represented 32% of total net revenues for the second quarter, grew 33% year-over-year.
Canada's largest grocer closing stores
Canada's biggest food retailer Loblaw announced it plans to close 52 unprofitable stores over the next year at the same time the company reported lackluster second quarter financial results.

Loblaw Companies has more than 2,300 stores, including Loblaws, Provigo, and Extra Foods. It also owns Shoppers Drug Mart.

Loblaw swings to profit, will shutter 52 stores

Brampton, Canada – Loblaw Companies Ltd. swung from loss to profit in the second quarter of fiscal 2015, but still plans to improve profitability even more. Loblaw reported net income of $185 million, compared to a net loss of $456 million the same period a year earlier.
Cabela's aims to drive growth with smaller stores

On the heels of a disappointing financial quarter, the CEO of outdoor retailer Cabela’s says the company plans to stick to opening smaller-format stores.
Starbucks shows perky performance in Q3

Seattle – Starbucks Corp. reported impressive financial performance in the third quarter of fiscal 2015 that could be described as downright perky. Net income jumped 22% to $626.7 million from $512.6 million the same quarter a year earlier, with higher pretax earnings offsetting higher income tax charges to produce profit growth.
Tractor Supply drives big growth in Q2

The CEO of Tractor Supply Company credited strong marketing and merchandising initiatives with a significant increase in same store sales in the second quarter.
Cabela’s misfires on Q2 profit and revenue; will open seven stores

Sidney, Neb. – Specialty outdoor retailer Cabela’s Inc. missed the target Wall Street set for profit and revenue during the second quarter of fiscal 2015. Cabela’s reported net income of $40.5 million, down 8% from $43.5 million the same quarter the prior year. Growing cost of revenue helped drive down profit. Total revenue grew 10% to $836.28 million, from $761.2 million. Consolidated same-store sales dropped 0.9% due to Canadian currency fluctuations, although same-store sales in the U.S. increased 0.8%.
NRF cuts retail sales forecast

What’s wrong with America? Plenty, according to the National Retail Federation which just slashed its full year retail sales forecast ahead of second quarter earnings announcements from major retailers next month.
Home Depot targets professional customers with $1.6 billion purchase

Atlanta - The Home Depot Inc. is spending about $1.6 billion in an acquisition squarely aimed at better meeting the needs of its professional customers.

The retailer is purchasing Jacksonville, Florida-based Interline Brands Inc., a national distributor and direct marketer of broad-line maintenance, repair and operations (MRO) products.
Home Depot targets pros with $1.6B acquisition

The Home Depot Inc. is spending about $1.6 billion in an acquisition squarely aimed at better meeting the needs of its professional customers.

Finance & Capital Management

Rising expenses take toll on Under Armour Q2 profits

Canada's largest grocer closing stores

Loblaw swings to profit, will shutter 52 stores

Cabela's aims to drive growth with smaller stores

Starbucks shows perky performance in Q3

Tractor Supply drives big growth in Q2

Cabela’s misfires on Q2 profit and revenue; will open seven stores

NRF cuts retail sales forecast

Home Depot targets professional customers with $1.6 billion purchase

Home Depot targets pros with $1.6B acquisition