Saks Fails to Thrill (SKS)
Saks Inc. (NYSE: SKS) reported an adjusted second-quarter net loss of $0.05 and $704 million in revenues before markets opened this morning. In the same period a year ago, the luxury department store reported…
Retail
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Newest first · Page 296Retail Sales Outpacing All Expectations in July
Retail Sales for the month of July are now out after a much softer than expected report in June. We have already seen some of the same-store sales data with weakness. Or was there…
Michael Kors Profit Doubles on Strong Sales Growth
Michael Kors Holdings Ltd. (NYSE: KORS) has surged in premarket trading following this morning’s fiscal first quarter report. Michael Kors said earnings more than doubled from a year ago to $68.6 million, or $0.34…
Sears Unlocking Serious Value with Sears Hometown and Outlet Stores Spin-Off
Sears Holdings Corp. (NASDAQ: SHLD) is surging this morning after the Eddie Lampert-run entity has filed with the Securities and Exchange Commission to spin out the Sears Hometown and Outlet Stores, Inc. unit via…
Kohl’s Opens Higher on Earnings Beat
Kohl’s Corp. (NYSE: KSS) opened higher this morning after the company posted a better-than-expected second-quarter profit as cost cutting offset weak sales. The retailer said its quarterly profit totaled $240 million, or $1.00 per…
Jack in the Box Earnings, the Envy of McDonald’s
You probably saw the news that McDonald’s Corporation (NYSE: MCD) saw negative same-store sales growth early Wednesday morning. Frankly, the 1.6% drop ought to be considered a success when you consider that shares were…
Bloomin’ Brands, Changes From Weak IPO to Value Proposition (BLMN)
Bloomin’ Brands, Inc. (NASDAQ: BLMN) had all of the earmarks for a poor initial public offering as it was a lower number of shares at a lower price than what had originally been anticipated. …
Dean Foods Clobbers EPS Estimate, Announces Spinoff
Dean Foods Co. (NYSE: DF) reported second-quarter adjusted earnings per share (EPS) of $0.36 and $3.1 billion in revenue after the markets closed last night. EPS for the same period a year ago were…
Macy’s Posts Quarterly Gains, Lifts EPS Outlook
Macy’s Inc. (NYSE: M) reported second-quarter adjusted earnings per share (EPS) of $0.67 and $6.12 billion in revenue before markets opened today. EPS for the same period a year ago came to $0.55, and…
S&P Lifts Whole Foods to Investment Grade
Whole Foods Market, Inc. (NASDAQ: WFM) may be an expensive stock trading at a significant premium to traditional grocery store chains and also to most retailers. Still, the company has managed to beat earnings estimates…
CVS Falls Short of Estimates, Raises Outlook
This morning, CVS Caremark Corp. (NYSE: CVS) reported second-quarter earnings of $966 million, or $0.75 per share, and $30.7 billion in revenue. EPS were up from $0.60 in the same period a year ago,…
Details Emerge of Best Buy Founder Buyout Offer
Best Buy Co. Inc. (NYSE: BBY) is surging this morning. Bloomberg first reported, now confirmed in a press release, that founder Richard Schulze is sending a letter to the board of directors saying that he…
Kraft Confirms 2012 Targets, Sets Spin-Off Terms for Kraft and Mondelez
Kraft Foods Inc. (NASDAQ: KFT) has reported earnings of $ $0.58 EPS, but its operating earnings came to $0.68 EPS; revenue was down 4% to $13.3 billion on a net basis and the food…
OfficeMax Beats on Earnings, Reinstates Dividend
OfficeMax Inc. (NYSE: OMX) reported second-quarter earnings per share (EPS) of $0.12 and $1.6 billion in revenue before markets opened this morning. EPS surpassed last year’s total of $0.07, and revenue declined from last…
Green Mountain Coffee Guides Down 2012 & 2013
courtesy Green Mountain Coffee Roasters Inc.Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) was halted ahead of its earnings report. The quite controversial coffee giant has reported earnings of $0.46 EPS on $869.2 million in…