Walmart’s E-Commerce Surge Continues in Q3
“We’re convinced that most of the [shift to online shopping] will persist beyond the pandemic," CEO Doug McMillon says.
Carmax Shares Hit Record High on Q1 Earnings
The company's used-car business is still under pressure from "macro pricing factors" but same-store sales fell less than analysts expected.
J.C. Penney Shares Dive on Q4 Sales Miss
The retailer's results were sharply lower than rivals Macy's and Kohl's, and a downbeat full-year profit forecast added to investors' concerns.
Lowe’s Falling Margins Drive 5% Stock Slide
The retailer spent heavily in Q4 to convert store traffic into sales but gross margins fell 68 basis points to 33.73%.
Macy’s Ends Same-Store Sales Losing Streak
Comparable sales rose 1.3% in Q4 as the retailer's renewed emphasis on apparel helped bring in more shoppers and persuaded them to spend more.
Lululemon Beats Estimates, Comp Sales up 8%
"While other players in the sports and athleisure market struggle, Lululemon continues to go from strength to strength."
Tiffany Beats Estimates, Comp Sales Fall 1%
The 1% gain in same-store sales in the Americas was offset by weakness in Europe and the Asia-Pacific region.
Promotions Drive McD’s 6% Comp Sales Jump
Deals such as McPick 2 and the Signature Crafted premium sandwich helped the chain post a 4.1% Q3 gain in U.S. same-store sales.
Tiffany Comp Sales Drop for 7th Straight Quarter
The Q2 "results underscore the challenges that newly appointed chief executive Alessandro Bogliolo will face in turning around the company."
Best Buy Shares Rise 21% on Big Q1 Sales Beat
Same-store sales had been expected to decline but the 1.6% gain suggests Best Buy is competing effectively with Amazon.
Pier One Earnings Top Estimates But Sales Fall
The retailer's online sales showed strength in the fourth quarter, increasing 28% to $103.1 million and accounting for 19.5% of total sales.