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Business Analytics

  • Staples reports 3Q income growth

  • BJ’s to raise membership fee

    Natick, Mass. -- BJ’s Wholesale Club plans to raise its annual membership fees by $5, to $50, and invest the increased revenues in store remodels.

    The fee increase, which will start in January, is the company’s first since 2006. BJ’s said it would generate about $20 million in new revenue, including an expectation that renewals would decrease 1% to 1.5% as a result of the hike.
     

  • Stein Mart profit rises in Q3

    Jacksonville, Fla. -- Stein Mart reported Thursday that net income for the quarter ended Oct. 30 was $4.3 million, compared with net income of $3.2 million a year earlier.

    Net sales were $267.9 million, a decrease of 0.9% from $270.2 million in 2009. Same-store sales increased 0.3% for the quarter.

  • BJ's sees sales, earnings growth for Q3

  • BJ’s net income up, raises guidance

    Natick, Mass. -- BJ's Wholesale Club reported third-quarter earnings Wednesday that beat Wall Street expectations on improved revenue from gas and merchandise rose. The warehouse club operator raised its earnings guidance for the year.

    BJ’s net income rose to $23 million for the three months ended Oct. 30, up from $17.4 million a year ago.

    Revenue rose 5% to $2.63 billion from $2.51 billion last year, just shy of the $2.64 billion expected by analysts. Same-store sales rose 2.5%, or 1.5% excluding gas sales.

  • Home Depot profit rises 21%, beats Street

    Atlanta -- Home Depot reported Tuesday that it recorded higher-than-expected earnings in the third quarter, boosted by tighter cost controls.

    The company’s net income rose to $834 million in the quarter ended Oct. 31, compared with net income of $689 million a year earlier.

    Sales rose 1.4% to $16.60 billion, slightly above Wall Street expectations of $16.59 billion. Same-store sales at Home Depot's U.S. stores rose 1.5%. It was the chain’s fourth-straight quarterly gain after three years of declines

  • Sales slide continues at Walmart as profit goal met

  • Nordstrom profit soars 43% in Q3

    Seattle -- Nordstrom said its third-quarter profit rose a more-than-expected 43% to $119 million on improved sales and margin improvements. The company raised the low end of its fiscal year profit forecast.

    Revenues rose to $2.18 billion from $1.96 billion. Same-store sales increased 5.8%.

    Best-selling items were jewelry, shoes and dresses.

    "Our customers are highly receptive to newness and fashion in spite of the soft economic climate," company president Blake Nordstrom said in a conference call with analysts.

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