Financial News

Albertsons raises guidance amid Q2 growth

According to the retailer’s just-released earnings report, its net income closed in on $300 million for the quarter, up from $284.5 million this time last year to reach $295.2 million.
WBA closes fiscal 2021 with strong Q4, full-year growth

Walgreens Boots Alliance finished its fiscal year strong with growth in both fourth-quarter and full-year earnings per share. Sales for the quarter totaled $34.8 billion, with full-year sales totaling $132.5 billion, both reflecting solid growth.

Walgreens making major investment in VillageMD

The retailer will invest $5.2 billion in VillageMD, increasing its ownership stake in the company from 30% to 63%.
Costco reports significant September sales increase

Costco’s September sales increased 15.8% to $19.50 billion, same-store sales increased 14.3%, and online sales rose 10.6%.
Costco’s Q4 reports strong sales

The retailer reported that its fourth-quarter net sales rose 17.5% to $61.44 billion, just topping estimates of $61.41 billion, compared to $53.38 billion last year.
CosPro Agency rebrands as CosProXM

CosPro Agency, now known as CosProXM, is expanding its services to offer live market and brand activations, the company said.
Rite Aid’s Q2 shows momentum in stores, headwinds in PBM business

Rite Aid raised its full-year EBITDA guidance on the strength of its second-quarter results, which showed improved revenue and retail pharmacy strength even as it posted a net loss of $100.3 million.
Holiday retail sales expected to grow

Retail sales are anticipated to grow 7.4% this holiday season, according to Mastercard SpendingPulse.
Kroger’s Q2 beats expectations

The grocery giant reported total company sales of $31.7 billion in the second quarter, compared to $30.5 billion for the same period the previous year.
Dollar General’s Q2 reports sales decrease

For the quarter ended July 30, Dollar General's income was $637 million. Its sales went down 0.4% and same-store sales fell 4.7% but increased 14.1% on a two-year stack basis.
Target’s Q2 reports strong profits, sales increases

Target reported second-quarter earnings that beat analysts’ estimates, with sales increases across all its merchandise categories.
Walmart reports better-than-expected Q2 earnings

Walmart’s total revenues rose 2.4% to $141.04 billion, net sales increased 5.3% and e-commerce net sales growth cooled in the quarter, rising 6%.
Survey reports shopping on TikTok picking up steam

According to a recent survey by Bazaarvoice’s Influenster, shopping via TikTok, Twitter and Pinterest has increased dramatically in the past 12 months.
Costco reports same-store sales growth in July

The warehouse club retailer’s net sales rose 16.6% to $15.21 billion for the four weeks ended Aug. 1, up from $13.04 billion in the year-ago period.

Financial news and information in retail pharmacies.