Best Buy Q4 comp sales down 4.8% “Bilunas (CFO): “For Q1 FY25, we expect comparable sales to decline by approximately 5% and our non-GAAP operating income rate to be approximately 3.4%, which is flat to Q1 FY24.” Press release …Best Buy tops holiday quarter estimates but issues soft full-year guidance at CNBC. “Q4: […]
Lowe’s Q4 comp sales down 6.2% Press release …Lowe’s beats earnings estimates – company expects revenue to slide again this year at CNBC. “Q4: Earnings per share: $1.77 vs. $1.68 expected. Revenue: $18.60 billion vs. $18.45 billion expected.” Read more US sues to block merger of Kroger and Albertsons at AP News. […]
Existing home sales rose 3% to start the year at CNBC. “The 32% all-cash share was up from 29% in both December and in January 2022. First-time buyers made up just 28% of sales. Historically they make up about 40%.” Read more FTC, states could sue over Kroger-Albertsons $24.6 bln deal next week at […]
Walmart Q4 Comp Sales (ex-fuel): Walmart U.S. +4.0% / Sam’s Club +3.1% Walmart Int’l Q4 net sales +13% Global eCommerce sales grew 23% Global adv business grew ~ 33%, including 22% for Walmart Connect in the U.S. Press release Walmart to buy TV maker Vizio for $2.3 billion in move to grow its […]
Retail sales fall 0.8% in January from December as shoppers pause after strong holiday season at Yahoo/AP. “Excluding sales at auto dealerships and gas stations, sales were down 0.5%. The decline was bigger than the 0.10% drop that economists expected and marked the lowest monthly figure since March of last year.” Read more […]
Kroger pledges to lower prices for consumers when its planned merger with Albertsons closes at MarketWatch. “Kroger Inc., facing regulatory pushback over its plan to merge with rival grocery chain Albertsons Cos. Inc. in a roughly $25 billion deal, said Tuesday it typically lowers prices for consumers after consummating a deal.” Read more | […]
WM Outage | B.Buy -4.8% | Target #91 Sustainable
/in Eye-on-RetailBest Buy Q4 comp sales down 4.8% “Bilunas (CFO): “For Q1 FY25, we expect comparable sales to decline by approximately 5% and our non-GAAP operating income rate to be approximately 3.4%, which is flat to Q1 FY24.” Press release …Best Buy tops holiday quarter estimates but issues soft full-year guidance at CNBC. “Q4: […]
Lowe’s -6.2% | Walton +$1.5B | Macy’s -150 | Khan +1
/in Eye-on-RetailLowe’s Q4 comp sales down 6.2% Press release …Lowe’s beats earnings estimates – company expects revenue to slide again this year at CNBC. “Q4: Earnings per share: $1.77 vs. $1.68 expected. Revenue: $18.60 billion vs. $18.45 billion expected.” Read more US sues to block merger of Kroger and Albertsons at AP News. […]
Dollar Stores Restricted | Corn Regret | Homes 32% All-Cash
/in Eye-on-RetailExisting home sales rose 3% to start the year at CNBC. “The 32% all-cash share was up from 29% in both December and in January 2022. First-time buyers made up just 28% of sales. Historically they make up about 40%.” Read more FTC, states could sue over Kroger-Albertsons $24.6 bln deal next week at […]
WM +4% | Sam’s +3.1% | THD -4% | Loblaw +40
/in Eye-on-RetailWalmart Q4 Comp Sales (ex-fuel): Walmart U.S. +4.0% / Sam’s Club +3.1% Walmart Int’l Q4 net sales +13% Global eCommerce sales grew 23% Global adv business grew ~ 33%, including 22% for Walmart Connect in the U.S. Press release Walmart to buy TV maker Vizio for $2.3 billion in move to grow its […]
Target’s New Value Brand | C.Tire -6.8% | Retail Sales -0.8%
/in Eye-on-RetailRetail sales fall 0.8% in January from December as shoppers pause after strong holiday season at Yahoo/AP. “Excluding sales at auto dealerships and gas stations, sales were down 0.5%. The decline was bigger than the 0.10% drop that economists expected and marked the lowest monthly figure since March of last year.” Read more […]
Kroger Pledges | Tide Pods Ban? | NIH Study | Tuna Surprise
/in Eye-on-RetailKroger pledges to lower prices for consumers when its planned merger with Albertsons closes at MarketWatch. “Kroger Inc., facing regulatory pushback over its plan to merge with rival grocery chain Albertsons Cos. Inc. in a roughly $25 billion deal, said Tuesday it typically lowers prices for consumers after consummating a deal.” Read more | […]