Things were worse than expected for Lumber Liquidators in the fourth quarter, which experienced decreased customer activity that was likely due to cancer-related concerns over its laminate flooring.
\r\n\tNet sales for the quarter ended Dec. 31, 2015 were down 13.7% year-over-year to $234.8 million, including a comparable store net sales decline of 17.2% that was based on a 15.6% decrease in customer count and a 1.6% decrease in the average sale.
","showSummary":null,"url":"/news/lumber-liquidator-woes-continue-q","date":"2016-02-29T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":{"id":56810,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39705.jpg?itok=JQCMo95r","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Shoppers Drug Mart posts Q4 same-store sales lift of 5%","id":54455,"bundle":"article","summary":"Loblaw on Thursday posted $33.6 billion in revenue for its year ended Jan. 2, a 6.5% lift with one week less of sales - Loblaw's fiscal 2015 represents 52 weeks while fiscal 2014 represents 53 weeks.
","showSummary":null,"url":"/news/shoppers-drug-mart-posts-q-same-store-sales-lift","date":"2016-02-29T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":{"id":56804,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39703.jpg?itok=TWmvVqWa","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"A sparkly fourth quarter for Signet Jewelers","id":54467,"bundle":"article","summary":"Signet Jewelers attracted large numbers of Christmas shoppers over the fourth quarter as the parent company of Zales, Kay and Jared posted a jump in same-store sales.
\r\n\t
\r\n\tThe world's largest retailer of diamond jewelry reported that for the period ended Jan. 30, same-store sales increased 4.9%. Diluted earnings per share grew over 20%. Adjusted EPS increased over 18% and ahead of the guided range.
\r\n\t
\r","showSummary":null,"url":"/news/sparkly-fourth-quarter-signet-jewelers","date":"2016-02-29T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":{"id":56772,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39691.jpg?itok=1ZjKLBh4","width":485,"height":340,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"More good news for J.C. Penney","id":54450,"bundle":"article","summary":"
J.C. Penney on Monday received an official vote of confidence in its performance: an improved credit rating.
\r\n\t
\r\n\tFitch Ratings upgraded Penney’s credit rating, saying the department store retailer has “demonstrated a meaningful turnaround of its business over the last over the last two years.” Fitch upgraded Penney from B- to B with a positive outlook.
\r\n\t
\r","showSummary":null,"url":"/news/more-good-news-jc-penney","date":"2016-02-29T00:00:00","author":{"email":null,"uname":"Anonymous","firstName":null,"lastName":null,"bio":null,"title":null,"picture":null,"phone":null,"contactForm":null},"digitalEdition":null,"sponsored":false,"taggedPro":null,"teaserImage":{"id":56818,"url":"https://assets1.chainstoreage.com/styles/secondary_articles_short/s3/teaser_image_39708.jpg?itok=sYDZb9L-","width":767,"height":575,"alt":null},"topics":[{"name":"News","url":"/news"},{"name":"FINANCE","url":"/finance"}],"attachedFiles":[]},{"title":"Sprouts Farmers Market sales hit record high","id":54483,"bundle":"article","summary":"
Perhaps no other retailer is profiting as well from Americans' changing eating habits than Sprouts Farmers Market, which reported record sales and earnings for the fourth quarter.
\r\n\t
\r\n\tThe Arizona-based grocer said that same-store sales during the period ended Jan. 3 rose 7.4%. Net income was $28.2 million and diluted earnings per share were 18 cents. Net sales were $3.59 billion, a 21% increase compared to reported net sales in 2014. Adjusted diluted earnings per share of $0.86, a 19% increase from 2014.
\r\n\t
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FINANCE
-
Dollar Tree misses in Q4 despite sales boost from Family Dollar
Dollar Tree on Tuesday credited sales at its Family Dollar division as helping to boost the company’s overall results for the fourth quarter. But the increase still fell short of analysts expectations.
Sales for the quarter ended Jan. 30 totaled $5.37 billion, a 116.7% increase from the year-ago period but still less than expected. The boost in revenue was the result of $2.68 billion in sales from the Family Dollar segment.
-
AutoZone moves into the fast lane in Q2
Efforts to rework its distribution process netted big wins in the second quarter for AutoZone, which reported increases in same-store sales and profit.
The auto parts retailer posted net sales of $2.3 billion for its second quarter ended Feb. 13, an increase of 5.3% from the second quarter of fiscal 2015. Same-store sales increased 3.6% for the quarter. Net income for the quarter increased 8% over the same period last year to $228.6 million, while diluted earnings per share increased 14.2% to $7.43 per share from $6.51 per share in the year-ago quarter.