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Business Analytics

  • Costco profit up in Q2

    ISSAQUAH, Wash. — Costco is off to a good start in 2012, with high increases in second-quarter sales and earnings.

    The company reported that net sales for the second quarter of fiscal 2012 increased 10% to $22.51 billion, from $20.45 billion last year. Total comparable-store sales for the quarter increased 8%, consisting of an 8% increase at both U.S. and international clubs. Excluding the impact of fuel, comparable-store sales were up 7%, consisting of a 7% increase at U.S. clubs and a 10% increase at international clubs.

  • Staples shows economy is improving ... slowly

    FRAMINGHAM, Mass. — When people are working -- whether at a small business or large corporation -- they need office supplies, so when a company such as Staples delivers a retail sales increase for the fourth quarter, it is good sign that the economy is improving.

  • Lack of winter wipes out Big 5 earnings

    EL SEGUNDO, Calif.  — Lack of snowfall throughout most of the major winter sports regions negatively impacted Big 5 Sporting Goods' results in the fourth quarter. 

    The company reported a net loss for the fourth quarter of fiscal 2011 of $9,000, or 0 cents per diluted share, including the non-cash impairment charge of 5 cents per diluted share. For the fourth quarter of fiscal 2010, net income was $4 million, or 18 cents per diluted share, including a net charge of 7 cents per diluted share related to legal matters.

  • Costco Q2 profit rises on cheap gasoline

    New York City -- Costco Wholesale Corp. posted a bigger-than-expected rise in quarterly profit on Wednesday. Rising gasoline prices had a positive impact on sales at Costco, which prices its fuel below nearby stations.

    Net income in the quarter ended Feb. 12 rose 13% to $394 million, from $348 million a year earlier.

    Sales rose 10% to $22.51 billion. Same-store sales rose 8%, better than analysts had expected. 

  • Office Depot swings to profit in Q4

    Boca Raton, Fla. -- Office Depot Inc. reported Monday that it swung to a profit of $12.3 million in the quarter ended Dec. 31, compared with a loss of $108.6 million in the year-ago period.

    Revenue edged up to $2.97 billion in the quarter, from $2.96 billion last year, missing Wall Street’s expected break-even on $3 billion in sales. Same-store sales dropped 5%, due in large part to a move away from promotions to shore up profitability, said the company.

  • Tractor Supply ups its store growth potential

    Brentwood, Tenn. -- Tractor Supply Co. has increased its estimated domestic store growth potential to 2,100 locations from a previously estimated 1,800 stores.

  • Stein Mart selects WAN solution from Level 3 to support critical business applications

    Broomfield, Col. -- Level 3 Communications announced that Stein Mart will implement Level 3's Smart WAN Solution to support critical business applications used by the company's 262 department stores throughout the United States.

    Stein Mart will use the solution to more efficiently and reliably access frequently used business applications, such as revenue reporting, data analytics, and inventory tracking, by connecting its store and data facilities over a single network.

  • Vitamin Shoppe Q4 profit soars 57%, plans 52 new stores in 2012

    North Bergen, N.J. -- Vitamin Shoppe reported Tuesday that net income for the fourth quarter surged 57% to $9.4 million from $6 million a year earlier, boosted by strong online results and an extra week in the fiscal calendar.

    The vitamin retailer, which saw revenue climb 19% to $214.9 million in the quarter, said it is planning to open 52 new stores in 2012.

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