Tag Archives: Net income

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 »

Ross Stores Q1 Net Rises 4 Percent

Ross Stores

DUBLIN, Calif.-Thanks to rising sales and controlled expenses, Ross Stores posted a first-quarter net-income gain of 4 percent, to $243.9 million. Net sales in the quarter, which ended on May 3, picked up 5.5 percent to finish at $2.7 billion. This included a same-store sales gain of 1 percent. According to Michael Balmuth, Ross’ viceMore »

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 »

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 »

Kohl’s Q1 Net Falls 15 Percent; Sets “Greatness Agenda”

Kohl’s

MENOMONEE FALLS, Wis.-In a quarter in which the company failed to achieve its sales goals, Kohl’s posted first-quarter net income of $125 million, down 15 percent from a year ago. Net sales fell 3.1 percent to $4.1 billion, including a decrease in same-store sales of 3.4 percent in the quarter, which ended on May 3.More »

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 »

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 »

Keurig Q2 Net Rises 22.4 Percent

Keurig Green Mountain

WATERBURY, Vt.-Strong sales and a tight hand on expenses propelled Keurig Green Mountain to a 22.4 percent jump in second-quarter net income, to $162.1 million. Net sales rose 9.8 percent to $1.1 billion in the quarter, which ended on March 29. Selling, general and administrative expenses were flat in dollars and declined by 109 basisMore »