The Kroger Co. is reporting net earnings of $2.0 billion, or $2.37 per diluted share, in the first quarter of 2018, which ended on May 26. Kroger’s first quarter adjusted net earnings were $626 million, or $0.73 per diluted share. Net earnings for the first quarter of 2017 were $303 million, or $0.32 per diluted […]
Tag: 1Q 2018
Posted inCorporate Store News, Home Page Latest News, Southwest, Store News
Walmart Reports Strong 1Q Comps, E-Commerce Sales
Walmart has released its first-quarter earnings report, and its numbers are up. Total revenue for the retail giant was $122.7 billion, an increase of $5.1 billion, or 4.4 percent. Excluding currency, total revenue was $120.7 billion, an increase of $3.2 billion, or 2.7 percent. Walmart U.S. comp sales increased 2.1 percent, and comp traffic increased […]
Posted in, Home Page Latest News, Northeast, Store News
Weis Markets’ Comparable Store Sales Up For 16th Consecutive Quarter
Weis Markets reports that its first quarter sales increased 2.8 percent to $876.1 million compared to the same period in 2017 while comparable store sales, adjusted for the holiday shift, increased 1.5 percent. During the 13-week period ending March 31, 2018, the company’s net income increased 36.8 percent to $16.2 million compared to $11.8 million for the same period in 2017, […]