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Business Analytics

  • Casey's profit surges 30% in Q3

    Ankeny, Iowa -- Casey's General Stores Inc. reported Monday that profit for the third quarter rose 30% to $16.7 million, from $12.9 million a year earlier. Casey's revenue rose from $1.37 billion to $1.58 billion.

    Both figures missed Wall Street estimates.

  • Foot Locker Q4 profit jumps 42% amid cost cutting and higher sales

    New York City -- Foot Locker Inc. said that its fourth-quarter profit increased 42% amid higher sales and cost cuts.

    The company earned a better-than-expected $81 million in the three months that ended Jan. 28, up from $57 million in the year-ago period.

    Revenue increased 8% to $1.5 billion, from $1.39 billion. Same-store sales were up 7.5% in quarter.

  • Want a job? Retail's got them

    CHELMSFORD, Mass. — The Kronos Retail Labor Index released by the company on Thursday showed that retail hiring is on the rise, even as fewer people seek jobs in the retail sector.

    The Index jumped to 4.2%, up nearly 7% from last year, indicating a potential recovery in the labor market. The number of applications edged down 1.3% , which is down nearly 6% from its level one year ago, pointing to applicants seeking employment in other growing industries.

  • PetSmart Q4 profit surges 13%

    Phoenix -- PetSmart Inc. reported Thursday that profit for the fourth quarter rose 13% to $102 million, compared with $90.3 million in the year-ago period.

    Revenue during the quarter was $1.64 billion, up from $1.52 billion a year earlier and beating Wall Street’s expected $1.62 billion in revenue. Same-store sales rose 5.5%.

    For the full year of 2011, the company reported net income of $290.2 million, up from $239.9 million in 2010. Revenue for the year was $6.11 billion, up from $5.69 billion the year before.

  • Kronos: Retail hiring on the rise

    Chelmsford, Mass. -- The Kronox Retail Labor Index released by the company on Thursday showed that retail hiring is on the rise, even as fewer people seek jobs in the retail sector.

    The Index jumped to 4.2%, up nearly 7% from last year, indicating a potential recovery in the labor market. The number of applications edged down 1.3% , which is down nearly 6% from its level one year ago, pointing to applicants seeking employment in other growing industries.

  • PetSmart not going to the dogs

    PHOENIX — When it comes to pets, no expense is too great, and many owners will even forgo spending on themselves in order to get the very best for their animals. Therefore, it is not surprising that such companies as PetSmart continue to perform well even in a down economy.

    For its fourth quarter, PetSmart reported that earnings per share were up 18% to 91 cents. Comparable-store sales grew 5.5%, benefitting from comparable transactions growth of 2.9%. Total sales for the quarter were up 8% to $1.6 billion.

  • Study: Facebook and Twitter symbols influence online buying

    Coral Gables, Fla. -- A University of Miami study found that the display of a social media icon such as a Facebook “Like” button or a Twitter symbol on a shopping website influences a consumer’s buying decision.

  • Kroger swings to loss on union costs

    CINCINNATI — Kroger posted a loss in the quarter ended Jan. 28, attributing the loss to costs associated with consolidating its pension plan for union workers.

    The grocer, which counts among its banners Kroger, Ralphs and Food 4 Less, lost $306.9 million in the quarter, compared with a profit of $278.8 million in the year-ago period.

    Total sales in the quarter rose 7.7% to $21.4 billion. Excluding fuel, sales rose 5%. Same-store sales increased 4.9%.

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