Content about Profit

June 19, 2014

Rising drug costs and falling reimbursements, as well as higher income tax expense, significantly cut into profits at Rite Aid Corp.

Camp Hill, Pa. – Rising drug costs and falling reimbursements, as well as higher income tax expense, significantly cut into profits at Rite Aid Corp. Net income dropped 55% to $41.4 million in the first quarter, from $91 million in the year-ago period. Its earnings matched analysts' expectations.
 
Improving pharmacy sales helped drive a 3% increase in revenue to $6.47 billion from $6.29 billion, above Wall Street projections. Same-store sales rose 3.1%. Rite Aid maintained its fiscal 2015 earnings and revenue predictions.

May 30, 2014

Expenses related to exiting its Canadian operations substantially reduced net earnings for Big Lots Inc. in the first quarter of fiscal 2014.

Columbus, Ohio – Expenses related to exiting its Canadian operations substantially reduced net earnings for Big Lots Inc. in the first quarter of fiscal 2014. Compared to the first quarter of fiscal 2013, net income fell 90% to $3.35 million from $32.33 million.

Net sales rose 1% to $1.28 billion, from $1.27 billion. Same-store sales rose 0.9%. Big Lots forecasts same-store sales growth of 1%-3% in the second quarter of fiscal 2014, and 1%-2% in the full fiscal year.

 

May 22, 2014

Best Buy Co. Inc. swung to a net profit in the first quarter of fiscal 2015 from a net loss in the same period a year earlier, but missed estimates with a drop in sales.

Minneapolis – Best Buy Co. Inc. swung to a net profit in the first quarter of fiscal 2015 from a net loss in the same period a year earlier, but missed estimates with a drop in sales. The retailer posted net income of $461 million, a big turnaround from a net loss of $81 million.

April 30, 2014

A $3 billion tax charge on foreign profits resulted in EBay Inc. reporting a net loss of $2.33 billion for the first quarter of fiscal 2013, compared to net earnings of $677 million in the first quarter of the previous fiscal year.

San Jose, Calif. – A $3 billion tax charge on foreign profits resulted in EBay Inc. reporting a net loss of $2.33 billion for the first quarter of fiscal 2013, compared to net earnings of $677 million in the first quarter of the previous fiscal year. Analysts had expected EBay to report net earnings for the quarter, although EBay paid the tax charge in the process of making about $6 billion in offshore cash available.

March 6, 2014

Stage Stores' fiscal fourth-quarter net income plunged 30%, stung by a charge tied to the sale of its Steele's off-price division and softer revenue. Its adjusted earnings, however, topped analysts' estimates.

Houston – Stage Stores' fiscal fourth-quarter net income plunged 30%, stung by a charge tied to the sale of its Steele's off-price division and softer revenue. Its adjusted earnings, however, topped analysts' estimates.

Stage Stores announced that it is selling its off-price retail division Steele's to Hilco Global Retail Group in an equity deal.

For the quarter ended Feb. 1, Stage Stores earned $24.9 million, down from $35.8 million in the year-ago period.  

March 4, 2014

Publix Super Market Inc.’s net earnings in the fourth quarter rose 7.4% to $422 million, compared to $392.8 million in the year-ago period.

Lakeland, Fla. -- Publix Super Market Inc.’s net earnings in the fourth quarter rose 7.4% to $422 million, compared to $392.8 million in the year-ago period.

Sales in the quarter, ended Dec. 28, 2013, rose 5.3% to $7.4 billion, from $7 billion last year.

“I’m pleased our operating performance resulted in another increase in our stock price,” said Publix CEO Ed Crenshaw. “Our associates— the owners of Publix — deserve the credit for this achievement.”

December 20, 2013

Finish Line reported net earnings of $1.59 million in the third quarter of fiscal 2014, a return to profitability after reporting a net loss of $809,000 in the same period of the prior fiscal year.

Indianapolis -- Finish Line reported net earnings of $1.59 million in the third quarter of fiscal 2014, a return to profitability after reporting a net loss of $809,000 in the same period of the prior fiscal year.

Consolidated net sales were $364.5 million, up about 23% from $296.6 million and ahead of the $353 million projected by Wall Street.

August 9, 2012

Kohl’s Corp. reported a better-than-expected second-quarter profit amid efforts to control costs.

Menomonee Falls, Wis. -- Kohl’s Corp. reported a better-than-expected second-quarter profit amid efforts to control costs. Sales, however, disappointed.

The retailer posted a second-quarter profit of $240 million, down from $299 million in the year-ago period.

Net sales were $4.2 billion, down 1.0% from last year. Same-store sales decreased 2.7% for the quarter.

May 23, 2012

Big Lots Inc. posted a lower-than-expected adjusted profit for the first quarter and cuts its full-year earnings outlook.

Columbus, Ohio -- Big Lots Inc. posted a lower-than-expected adjusted profit for the first quarter and cuts its full-year earnings outlook.

Big Lots' first-quarter earnings fell 22% to $40.7 million, from $52.5 million a year ago. Sales increased 5.4% to $1.29 billion. Same-store sales edged down 0.8%.

Net profit margin declined to 3.1% from 4.3% a year ago.
 

January 12, 2012

Fast Retailing Co., operator of the Uniqlo apparel chain, reported a net profit of $405.3 million for the first quarter, a 37% rise that the company said was due in large part to a change in accounting methods.

Tokyo -- Fast Retailing Co., operator of the Uniqlo apparel chain, reported Thursday a net profit of $405.3 million for the first quarter, a 37% rise that the company said was due in large part to a change in accounting methods. Operating profit dipped 2.8%.

Sales gained 8.6% overall for the quarter, but the company has trimmed its full-year outlook as sales in its home market remained sluggish.

December 1, 2011

Kroger Co. raised its full-year forecast and also projected earnings growth for its next fiscal year that was ahead of long-term goals even as its profit slipped 2% in the third quarter.

Cincinnati -- Kroger Co. on Thursday raised its full-year forecast and also projected earnings growth for its next fiscal year that was ahead of long-term goals even as its profit slipped 2% in the third quarter.

The chain reported profit of $195.9 million profit for the quarter ended Nov. 5, down from $202.2 million a year earlier. Still, its results topped Wall Street expectations.

November 18, 2011

Kirkland’s net profit in its fiscal third quarter as operating expenses and cost of sales rose, and same-store sales declined. But its results still beat Wall Street's expectations.

Nashville, Tenn. -- Kirkland’s net profit in its fiscal third quarter as operating expenses and cost of sales rose, and same-store sales declined. But its results still beat Wall Street's expectations. The company earned $1.2 million, compared with $2.3 million a year earlier.

Operating expenses rose 8% to $31.3 million, while the company's cost of sales rose 7% to $60.9 million.

Sales rose 5% to $97.1 million, from $92.7 million. Same-store sales were down 3.6%.
 

June 2, 2011

Charming Shoppes said Thursday that its first-quarter net income more than quintupled, but its revenue was flat and the profit rise was driven largely by cost cutting.

Bensalem, Pa. -- Charming Shoppes said Thursday that its first-quarter net income more than quintupled, but its revenue was flat and the profit rise was driven largely by cost cutting.

The CEO sounded a cautious tone for the future, saying the company needs to reignite store traffic and cope with rising cotton costs.

The company, which operates Lane Bryant, Catherines and Fashion Bug stores, said its net income for February through April was $26 million, up from $3.9 million in the same period last year.

October 1, 2009

Village Super Market said Friday that its profit fell 3.0% in the fourth quarter due...

December 17, 2008

Pier 1 Imports Inc. said that the company's loss for the third-quarter ended Nov. 29...

December 4, 2008

Guess?, Inc. said Thursday that its profit rose 9% in the third quarter on an...

December 3, 2008

Williams-Sonoma Inc. Thursday reported a smaller-than-expected quarterly loss on Thursday and said it amended a...

November 25, 2008

Fred's Inc. said Wednesday its third-quarter profit rose 32%, as the company cut its expenses....

November 20, 2008

Hibbett Sports Inc. said Thursday its third-quarter profit fell 2% despite a pickup in sales,...

November 18, 2008

Following Tuesday’s news that The Home Depot had experienced third-quarter sales drops in excess of...

July 23, 2008

West Marine Inc. said Thursday it earned a much smaller second-quarter profit as hefty charges...

July 22, 2008

Costco Wholesale Corp. said Wednesday its fiscal fourth-quarter and full-year profit will miss Wall Street...

November 13, 2007

Atlanta, Macy's Inc....

October 18, 2005

Delray Beach, Fla., ...

October 18, 2005

Delray Beach, Fla., ...