Financial News

E. & J. Gallo Winery signed an agreement to acquire Agave Loco, parent company of the RumChata brand.

Costco said that its sales rose 17.6% to $18.21 billion in March, and total same-store sales increased 16%.

With second-quarter sales showing year-over-year growth of 4.6%, Walgreens Boots Alliance raised its guidance for the full fiscal year.

In response to a soft flu season, ongoing COVID-19 impacts and challenging weather conditions, Rite Aid adjusted its guidance for the fiscal year that ended Feb. 27, ahead of it sharing full results on April 15.

The acquisition expands IRI’s Loyalty Solutions capabilities for enhanced retailer/supplier collaboration.

The retailer reported that its same-store sales rose 12.7%, as well as plans to open 1,050 stores in 2021 along with remodeling 1,750 locations.

As part of the partnership with BBI, Curls founder Mahisha Dellinger will remain the majority and controlling owner of the brand and join the company’s board of directors.

Henkel North America launched a scholarship and internship program aimed at creating career opportunities for students in underrepresented communities.

Nestlé USA is expanding its global water business by acquiring Essentia Water.

The warehouse club chain reported Q4 fiscal 2020 total revenues of $3.95 billion, and announced that it has begun accepting federal EBT SNAP payments for eligible items for online in-store pickup and curbside pickup orders in Florida and North Carolina.

In its fourth quarter, Kroger reported that its total sales totaled $30.7 billion, and digital sales rose by 118%.

Target reported that its 2020 revenue grew by more than $15 billion, and revenue for the fourth quarter rose 21.1% to $28.34 billion.