The Memphis, Tenn.-based company on Thursday announced that it will close 104 stores it says are underperforming by the end of June, with liquidation sales starting today at the affected locations.
Walmart posted net income of $3.84 billion, or $1.33 a share, in the quarter ended April 26, up from $2.13 billion, or .72 cents a share from a year ago.
The increase is expected to leave many retailers in a crunch as they plan for the 2019 holiday season, scrambling to make purchase orders and set prices, CNBC reported.
The $1.37 billion transaction will add Harry’s to Edgewell’s personal care portfolio and bring the companies together around the goal of creating a new product platform.
Cardinal Health’s earnings were boosted by its pharmaceutical segment, which saw revenue of $31.4 billion — a 6% increase over the prior-year period — in its third quarter.
CVS Health’s first-quarter results saw script growth in its retail/long-term care segment and solid performance in pharmacy services and health care benefits as it integrates Aetna into the business.
