Rite Aid Misses Estimates, Comp Sales Drop
Prescription reimbursement rates "remain our largest challenge and we expect that to continue for the remainder of the fiscal year," the company says.
Bed Bath & Beyond Shares Fall 10% on Earnings Miss
The retailer "still has a long runway ahead of it before it will realize the benefits" of its turnaround strategy, analysts say.
Oracle’s Cloud Sales Rise 62% But IaaS Lags
Total second-quarter revenue missed estimates as Oracle's “public cloud” infrastructure sales grew only 6%.
Costco Returns to Same-Store Sales Growth
The retailer's comp sales rose 1% in the first quarter while profit was boosted by higher margins on fresh food items.
Latest Sears Loss Fuels Bankruptcy Speculation
“While Sears was once a titan of U.S. retail, it now looks set to sink,” one analyst predicts.
Expedia IT Specialist Accused of Insider Trading
The SEC says Jonathan Ly made $350,000 in illicit profits by trading on nonpublic information he obtained from Expedia's computers and email accounts.
Kroger Earnings Hit by Food Price Deflation
The supermarket chain's CEO says it is in the middle of a deflationary cycle "right now and it's not fun."
Foot Locker Earnings Double in Third Quarter
The retailer posted a 4.7% increase in same-store sales and is "well on track" to meet its target of a mid-single digit gain for the year.
Wal-Mart Posts ‘Solid’ Quarter But Stock Falls
Same-store sales were lower than analysts expected as food-price deflation continued to hit Wal-Mart's grocery business.
Target’s Same-Store Sales Beat Expectations
The 1.1% drop in comp sales for Q3 was a relief to investors and Target now forecasts as much as a 1% increase for the next quarter.
Disney Profit Hurt by Revenue Decline at ESPN
Operating income fell at all of Disney's business segments in the fourth quarter, with the cable unit continuing to suffer from ESPN subscriber losses.