Tag Archives: first-quarter

Best Buy Goes from Loss to Profit in Q1

Best Buy Posts Q1 Loss

MINNEAPOLIS-In a quarter that, according to President and CEO Hubert Joly, reflected continued progress in its turnaround effort, Best Buy posted net income of $461 million, compared to a net loss of $81 million in the first quarter of last year. Reduced expenses as a result of the retailer’s Renew Blue initiative offset a declineMore »

Last updated: May 23, 2014

Q1 Sales Up for J.C. Penney

J.C. Penney

PLANO, Texas–J.C. Penney posted a loss of net income of $352 million in the first quarter ended May 3, compared to a $348 million loss in the year-ago period, but reported a 6.3 percent net sales increase, to $2.80 billion. Same-store sales increased 6.2 percent and improved sequentially each month within the quarter, the retailerMore »

Last updated: May 16, 2014

Weather Knocks Walmart Q1

Walmart

BENTONVILLE, Ark.-The severe winter weather of early this year proved to be a major factor in the 5 percent drop in Walmart’s net income for the first-quarter ending April 30, which totaled $3.6 billion. In a conference call from Walmart’s management discussing the results this morning, Doug McMillon, Walmart’s president and CEO, said the “disruptive”More »

Last updated: May 15, 2014

Macy’s Q1 Net Up, Sales Down

Macy’s Inc.

CINCINNATI-In spite of a drop in sales, Macy’s managed to raise its first-quarter net income by 3.2 percent, to $224 million. An improvement in gross margin and reductions in expenses keyed the bottom-line pickup in the quarter, which ended on May 3. Gross margin increased by 10 basis points to 38.9 percent. Selling, general andMore »

Last updated: May 14, 2014

SodaStream Q1 Net Falls 85.3 Percent

SodaStream

AIRPORT CITY, Israel-Significant cost increases and a reduction in gross margin hacked into SodaStream’s first-quarter net income, which fell 85.3 percent to $1.8 million. Operating expenses jumped 17.9 percent in dollars and 745 basis points as a percentage of sales, to 50.4 percent—the result of increased advertising and promotion costs, plus additional expenses related toMore »

Last updated: May 14, 2014

Stein Mart Posts Q1 Sales Gain of 2.1 Percent

Stein Mart

JACKSONVILLE, Fla.-Stein Mart reported first-quarter sales of $328.9 million, up 2.1 percent over the first quarter of last year. The gain included a 2.6 percent increase in same-store sales. A company statement said this included a jump of 8.9 percent in same-store sales in April. The statement credited home and ladies’ apparel with strong performancesMore »

Last updated: May 8, 2014

MSLO Cuts Q1 Loss

MSLO

NEW YORK-Significant reductions in key expense categories helped Martha Stewart Living Omnimedia (MSLO) narrow its first-quarter net loss from $3 million last year to $2.2 million this year. Operating expenses in the quarter, which ended on March 31 were slashed by 11.9 percent. This included a 25.2 percent decrease in production, distribution and editorial expenses;More »

Last updated: May 6, 2014