Tag Archives: Gross margin

Hooker Q1 Net Jumps on Higher Sales

Hooker Furniture

MARTINSVILLE, Va.-Rising sales, especially in the casegoods segment, propelled Hooker Furniture to a robust 31.9 percent gain in first-quarter net income, which totaled $2.8 million. Total net sales in the quarter, which ended on May 4, increased 9.1 percent to $61.4 million. Casegoods sales were up 10.1 percent, the result if increased unit volume measuredMore »

Last updated: June 5, 2014

Dollar General Q1 Net Up Slightly

Dollar General

GOODLETTSVILLE, Tenn.-While sales made a healthy gain in the quarter, rising expenses dampened the bottom line for Dollar General, whose net income edged up 1.1 percent to $222.4 million. Net sales totaled $4.5 billion, up 6.8 percent and including a same-store sales increase of 1.5 percent. Rick Dreiling, Dollar General’s chairman and CEO, noted thatMore »

Last updated: June 3, 2014

Conn’s Q1 Net Sets Record

Conn's

THE WOODLANDS, Texas-A huge gain in sales, both total and same-store, took specialty retailer Conn’s to record first-quarter net income of $28.5 million, up 28.4 percent from the first quarter of last year. Net sales in the quarter, which ended on April 30, reached $277.6 million, an increase of 32.6 percent from last year andMore »

Last updated: June 2, 2014

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

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