The crafts retailer has enhanced and expanded omnichannel capabilities including curbside pick-up, same-day delivery, ship from store, and in-app purchases.
The 3.3% increase in Q2 beat analysts' estimates as an increase in average check helped offset 1.8% fewer comparable restaurant transactions.
The retailer "may hit the top line, like you saw this quarter, but will we see that flow through to the bottom line?" one analyst says.
If the refinancing effort is not successful, the company "will consider all other options" to maximize asset value.
“We know we can do better," CFO Ed Record says as the retailer posts a net loss of $192 million and same-store sales decline 3.2%.
Penney's surprising 1.7% gain in same-store sales indicates its "strategy of purging excess inventory and closing underperforming stores" is paying off.
The same-store sales drop was worse than analysts expected but tight inventory control drove an improvement in profitability.
The fast-food chain's stock falls 3% amid concerns it is losing ground to its rivals in the burger wars.
The Q3 revenue gain "is not bad per se, but ... it is clear that Chipotle has still not made up all of the ground it lost" after a food-safety scandal.
Investors had been nervous about Hurricane Harvey but Carmax's Q2 results showed a negligible impact from the storm.
Investors apparently reacted to the cautionary comments of CEO Hubert Joly even though revenue and earnings beat analysts' estimates.
The chain's "differentiated experience across our four platforms of eat, drink, play and watch, continues to resonate with our guests."
