Skip to main content

Business Analytics

  • Walgreens, Rite Aid miss expectations in February

    New York City -- Walgreens said Thursday its same-store sales in February rose 3.1%, but the growth was slower than Wall Street expected. Analysts expected, on average, expected a 3.5% increase.

    The company said pharmacy same-store sales rose 2.7% but were hurt by generic drug introductions over the last year. Non-pharmacy, or front-end, revenue increased 3.8%.

    Rite Aid Corp. said Thursday that its same-store sales rose 1% in February, less than the 1.5% increase analysts had predicted.

  • Q4, fiscal-year comps up for Publix

    LAKELAND, Fla. — Publix on Tuesday disclosed a 4.4% increase in its fourth-quarter sales, reaching $6.4 billion, while comparable-store sales for quarter also rose 3.2%.

    Net earnings for the retailer totaled $342.1 million, compared with $284.2 million in the year-ago period, an increase of 20.4%. Earnings per share for the fourth quarter increased to 44 cents for 2010, up from 36 cents per share in 2009.

  • Costco Q2 earnings up 16% on international growth

    Issaquah, Wash. -- Costco Wholesale Corp.'s fiscal second-quarter net income rose 16% as the chain benefited from stronger business overseas and growing membership.

    Costco reported net income of $348 million for the period ended Feb. 13, up from $299 million a year ago. The results were in line with expectations.

    Revenue climbed 11% to $20.88 billion, topping estimates of $20.4 billion. Same-store sales increased 7%. The figure rose 12% internationally and 5% in the United States.

  • BJ’s Q4 earnings fall on store closing cost

    Westborough, Mass. -- BJ's Wholesale Club's fiscal fourth-quarter net income fell 81% on a one-time $41.1 million charge related to store closings, restructuring and asset impairment. But its adjusted earnings beat expectations.

    The wholesale club operator earned $10.2 million for the quarter, compared with $54.5 million a year ago.

    Net sales for the fourth quarter ended Jan. 29, increased by 7.4% to $2.90 billion, and comparable club sales increased by 3.8%, including a contribution from sales of gasoline of 2.1%.

  • AutoZone powers through difficult economy

    MEMPHIS, Tenn. -- The nation’s largest automotive parts retailer announced another quarter of record results in which earnings per share advanced nearly 36% to $3.34 on same-store sales that grew 7.1% for the quarter ended Feb.12.

  • Pet chain fetches solid sales

    Profits at the nation’s largest pet specialty chain surged 26% during the fourth quarter as same-store sales advanced 6.3% and total sales grew 8.1% to $1.5 billion.

    “Our third consecutive quarter of accelerating comparable transactions growth as well as a strong holiday performance led to better-than-expected results for the quarter,” said PetSmart president and CEO Bob Moran.

  • Publix comps up in Q4 and FY

    LAKELAND, Fla. -- Publix Tuesday reported fourth-quarter sales of $6.4 billion, a 4.4% increase from last year’s $6.1 billion. Comparable-store sales for the fourth quarter of 2010 increased 3.2%.

    Net earnings for the fourth quarter of 2010 were $342.1 million, compared with $284.2 million in 2009, an increase of 20.4%. Earnings per share for the fourth quarter increased to 44 cents for 2010, up from 36 cents per share in 2009.

  • Woolbright names accounting exec

    Boca Raton, Fla. -- Woolbright Development announced that it has appointed Geoff Higginbotham as director of accounting.

    Higginbotham is responsible for the monthly, quarterly and annual financial reporting for the company’s wholly owned assets and partnerships. He was previously corporate controller for Turnberry Associates in Aventura, Fla.

  • Cleaned up credit portfolio makes for attractive acquisition

    Target’s credit card portfolio is looking a whole lot more attractive to potential acquirers following improvements in the delinquency rates, risk profile and strong profit growth.

    Fourth-quarter operating profit in the credit card segment increased 287% to $151 million compared with $39 million in the fourth quarter the prior year. For the full year, credit card segment profits advanced 169% to $541 million compared with $201 million the prior year.

  • GNC profit leaps 56% in Q4

    Pittsburgh -- General Nutrition Centers reported Friday that net income for the quarter ended Dec. 31 surged 56.3% to $19.8 million, compared with $12.7 million in the year-ago period.

    Revenue for the quarter rose 7.9% to $435.7 million, from $403.9 million a year earlier. Same-store sales improved 5.8% in domestic company-owned stores (including e-commerce sales).
     

X
This ad will auto-close in 10 seconds