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Q1

Rite Aid posts better than expected Q1 results

Rite Aid posts better than expected Q1 results

PHILADELPHIA — Rite Aid Corp. reported a narrower first-quarter loss than analysts had projected, and beat revenue forecasts. The company posted an adjusted loss per share loss of 73 cents, which was much better than Wall Street’s estimate of $1.50. Revenue for the period ended June 3 dipped to $5.653 billion from $6.015 billion from

Dollar General posts mixed Q1 results

GOODLETTSVILLE, Tenn. — Dollar General Corp.’s first quarter sales increased 6.8%, but its operating profit declined slightly, to $740.9 million, as the retailer confronted a macroeconomic environment that was “more challenging than expected,” said chief executive officer Jeff Owen. Same-store sales were up 1.6% in the period ended May 5, while diluted earnings per share

Costco misses estimates for first quarter results

ISSAQUAH, Wash. — Costco Wholesale Corp. posted gains in first quarter sales and profits, but they fell short of analysts’ estimates. Adjusted earnings per share of $3.07 in the quarter ended November 20 were up from $2.98 a year earlier, but missed Wall Street’s forecast of $3.11 per share. Sales were $53.44 billion, up 8.1%

WBA’s first quarter results surpass expectations

WBA’s first quarter results surpass expectations

DEERFIELD, Ill. — Walgreens Boots Alliance far surpassed analysts’ expectations for first quarter profits, as adjusted earnings per share jumped 53.2% to $1.68. Wall Street’s consensus forecast for adjusted EPS was $1.33. With customers flocking to stores for COVID vaccines and tests, sales for the period ended November 30 climbed 7.8% from the year-ago quarter

Rite Aid’s retail division reports robust growth in first quarter

CAMP HILL, Pa. — Rite Aid Corp. recently posted results for the first quarter of fiscal 2022 that fell short of some analysts’ projections, although the company’s Retail Pharmacy Segment achieved robust sales and profit growth. However, the company’s full-year earnings forecast disappointed Wall Street, which drove down Rite Aid’s stock price by nearly 15%

Dollar General sees double-digit sales gains

Dollar General sees double-digit sales gains

GOODLETTSVILLE, Tenn. — Dollar General Corp. posted strong sales gains in the first quarter, as consumers continued to flock to its stores for essentials in response to the COVID-19 pandemic. The company on Thursday reported that net sales increased 27.6% in the 13-week fiscal first quarter ended May 1. Same store sales increased 21.7%. Operating