Content about Company Earnings Announcement

July 18, 2011
Q2 sales gain momentum at Weis

Weis Markets on Monday reported its second-quarter sales increased 3.5% to $676.7 million, while its comparable-store sales for the period increased 5.1%.

SUNBURY, Pa. — Weis Markets on Monday reported its second-quarter sales increased 3.5% to $676.7 million, while its comparable-store sales for the period increased 5.1%.

For the 13-week period ended June 25, the company's net income increased 0.9% to $20.7 million, compared with $20.5 million in 2010, while earnings per share increased to 77 cents, compared with 76 cents in 2010.

July 7, 2011
With flat June sales, Fred's expects Q2 to be at low end of projected range

Fred's on Thursday reported sales of $179 million for the five weeks ended July 2, representing a relatively flat 0.1% increase, compared with the year-ago period.

MEMPHIS, Tenn. — Fred's on Thursday reported sales of $179 million for the five weeks ended July 2, representing a relatively flat 0.1% increase, compared with the year-ago period.

Comparable-store sales for the month dropped 0.7%, compared with an increase of 1.7% in the same period last year.

June 21, 2011
Walgreens' hard stance against PBM dominates earnings call

Soon after reporting double-digit earnings per share growth Tuesday morning, Walgreens announced it would forego as much as $5.3 billion in annual sales, representing some 7% of the company’s business and 90 million prescriptions, as it walks away from its relationship with pharmacy benefit manager Express Scripts.

DEERFIELD, Ill. — Soon after reporting double-digit earnings per share growth Tuesday morning, Walgreens announced it would forego as much as $5.3 billion in annual sales, representing some 7% of the company’s business and 90 million prescriptions, as it walks away from its relationship with pharmacy benefit manager Express Scripts.

Wall Street reacted badly to the news — sales of Walgreens’ stock were down more than 6% to $42 and change in mid-morning trading.

June 16, 2011
Kroger off to strong start with positive Q1

Kroger reported strong first-quarter results and marked 30 consecutive quarters in which identical-store sales increased, the supermarket retailer announced Thursday.

CINCINNATI — Kroger reported solid first-quarter results and marked 30 consecutive quarters in which identical-store sales increased, the supermarket retailer announced Thursday.

Kroger said that identical-store sales rose 4.6%, excluding fuel, to about $20.8 billion. Identical stores are defined as supermarkets open at least five quarters.

The company said its first-quarter revenue for the period ended May 21, including fuel, rose 11% to about $27.5 billion, compared with the year-ago period. Excluding fuel, total sales were 4.8% above last year.

June 2, 2011
May sales for Fred's rise as comps fall short

Fred's on Thursday reported sales of $143.5 million for the four weeks ended May 28, up 1%. Comparable-store sales for the month rose 0.2%, compared with an increase of 3.5% in the same period last year.

MEMPHIS, Tenn. — Fred's on Thursday reported sales of $143.5 million for the four weeks ended May 28, up 1%. Comparable-store sales for the month rose 0.2%, compared with an increase of 3.5% in the same period last year.

June 2, 2011
Warehouse clubs deliver big comps in May

Costco Wholesale and BJ’s Wholesale reported strong sales growth and produced impressive comps even without the benefit of fuel sales.

ISSAQUAH, Wash. and WESTBOROUGH, Mass. — Costco Wholesale and BJ’s Wholesale reported strong sales growth and produced impressive comps even without the benefit of fuel sales.

Costco reported that net sales for the month of May increased 17% to $7.14 billion from $6.09 billion last year. This year’s May results period included sales from the company's Mexico joint venture. If these sales are excluded, Costco’s net sales increase would have been 14%.

May 25, 2011
Costco's sales jump in Q3

Sales at mass-merchandise retailer Costco rose by 16% in third quarter 2011, according to an earnings statement released Wednesday.

ISSAQUAH, Wash. — Sales at mass-merchandise retailer Costco rose by 16% in third quarter 2011, according to an earnings statement released Wednesday.

The Issaquah, Wash.-based retailer said sales for the quarter were $20.2 billion, compared with $17.4 billion in third quarter 2010. For the first three quarters of fiscal year 2011, sales were $59.5 billion, a 13% increase over $52.7 billion during the same period in 2010. The figures include sales from a joint venture in Mexico, of which Costco owns 50%.

May 19, 2011
Sears Holdings meets low expectations in Q1

Kmart parent company Sears Holdings reported a first-quarter net loss of $170 million, or $1.58 per diluted share, in line with the company's expectations for a net loss in the range of $145 million to $195 million, or between $1.35 and $1.81 per diluted share.

HOFFMAN ESTATES, Ill. — Kmart parent company Sears Holdings reported a first-quarter net loss of $170 million, or $1.58 per diluted share, in line with the company's expectations for a net loss in the range of $145 million to $195 million, or between $1.35 and $1.81 per diluted share.

The company reported 2010 net income of $16 million, or 14 cents per diluted share.

May 10, 2011
Helen of Troy reports positive Q4, fiscal-year results

Helen of Troy Limited, a designer, developer and marketer of brand name household and personal care consumer products, posted a boost in fiscal year revenues in its personal care segment, primarily reflecting its March 2010 acquisition of the Pert Plus and Sure brands.

EL PASO — Helen of Troy Limited, a designer, developer and marketer of brand-name household and personal care consumer products, posted a boost in fiscal year revenues in its personal care segment, primarily reflecting its March 2010 acquisition of the Pert Plus and Sure brands.

For the fiscal year ended Feb. 28, net revenue in the personal care division increased 9.4% to $491 million, compared with $449 million in the year-ago period.

For the fourth quarter, the segment posted net revenue of $113 million, up 11%, compared with $102 million in the year-ago period.

May 10, 2011
Unilever completes Alberto Culver acquisition

Unilever has completed its $3.7 billion acquisition of Alberto Culver after obtaining the necessary regulatory clearances to do so, the companies jointly confirmed on Tuesday.

LONDON and ROTTERDAM, Netherlands — Unilever has completed its $3.7 billion acquisition of Alberto Culver after obtaining the necessary regulatory clearances to do so, the companies jointly confirmed on Tuesday.

With the acquisition, Unilever becomes the world's leading company in hair conditioning, the second largest in shampoo and the third largest in styling. Alberto Culver generated annual sales in excess $1.6 billion in fiscal year 2010.

May 6, 2011
Akorn acquires AVR in $26 million deal

Akorn, a niche generic pharmaceutical company, earlier this week entered into an agreement to acquire Advanced Vision Research, an over-the-counter ophthalmic company that promotes eye care products under the TheraTears and MacuTrition brands.

LAKE FOREST, Ill. — Akorn, a niche generic pharmaceutical company, earlier this week entered into an agreement to acquire Advanced Vision Research, an over-the-counter ophthalmic company that promotes eye care products under the TheraTears and MacuTrition brands.

May 5, 2011
Wholesale clubs report rise in April sales

Sales during the month of April edged up for wholesalers Costco and BJ's Wholesale Club, the companies reported Thursday.

NEW YORK — Sales during the month of April edged up for wholesalers Costco and BJ's Wholesale Club, the companies reported Thursday.

Issaquah, Wash.-based Costco reported a 17% increase for the four weeks ended May 1 to $6.8 billion, compared with the year-ago period. For the period ended April 30, BJ's disclosed a sales increase of 12.2% to $871.7 million, compared with April 2010.

May 4, 2011
McKesson reports Q4, fiscal-year results

Sales at McKesson were $28.9 billion during fourth quarter 2011 and $112.1 billion for fiscal year 2011, according to financial results announced Tuesday.

SAN FRANCISCO — Sales at McKesson were $28.9 billion during fourth quarter 2011 and $112.1 billion for fiscal year 2011, according to financial results announced Tuesday.

Sales for the quarter represented an 8% increase over $26.6 billion in fourth quarter 2010, while sales for the year increased by 3% over 2010’s $108.7 billion.

Profits for the quarter were $422 million, a 21% increase over fourth quarter 2010, while profits for the year were $1.2 billion, a 5% decrease from fiscal year 2010’s $1.26 billion.

May 3, 2011
Mylan's Q1 sales increase by 12%; judge dismisses case against FDA

Sales at generic drug maker Mylan increased by 12% during first quarter 2011, compared with first quarter 2010, the company said Tuesday.

PITTSBURGH — Sales at generic drug maker Mylan increased by 12% during first quarter 2011, compared with first quarter 2010, the company said Tuesday.

Sales for the three months ended March 31 were $1.45 billion, compared with $1.29 billion during the same period a year ago. Profits, meanwhile, were $104.2 million, compared with $61.1 million in first quarter 2010.

May 2, 2011
Alberto Culver's Q2 sales climb

Alberto Culver reported a 6.1% increase in its second-quarter net sales for the period ended March 31.

MELROSE PARK, Ill. — Alberto Culver reported a 6.1% increase in its second-quarter net sales for the period ended March 31.

The company that's behind such beauty care brands as Tresemme, Alberto VO5, Nexxus, St. Ives, Simple and Noxzema said second-quarter net sales rose to $408.2 million from $384.8 million in the prior-year second quarter. On an organic basis, which excludes the effect of foreign currency fluctuations, sales increased 4.3% in the current quarter, led by high single-digit branded beauty care sales growth.

April 29, 2011
Ingles reports positive Q2, half-year results

Net sales and net income for Ingles Markets realized a 4% and 38% increase, respectively, during the second quarter ended March 26, the retailer announced Friday.

ASHEVILLE, N.C. — Net sales and net income for Ingles Markets realized a 4% and 38% increase, respectively, during the second quarter ended March 26, the retailer announced Friday.

Ingles reported that second-quarter net sales rose $33.4 million to $870.4 million, while second-quarter net income increased from $5.6 million to $7.7 million.

April 29, 2011
OTC, vision categories drive Drugstore.com's Q1

Drugstore.com on Thursday posted a net sales increase of 16% to $128.4 million for its first quarter ended April 3.

BELLEVUE, Wash. — Drugstore.com on Thursday posted a net sales increase of 16% to $128.4 million for its first quarter ended April 3.

"In the first quarter, we delivered strong over-the-counter and vision [categories] growth of 16% and 17%, respectively," stated Dawn Lepore, Drugstore.com CEO and chairman. "With our continued investment in our marketing initiatives, we acquired approximately 540,000 new customers this quarter, up 13% over the first quarter of 2010.”

April 28, 2011
Colgate-Palmolive sees boost in sales

Colgate-Palmolive announced on Thursday that worldwide net sales rose 4.5% during the first quarter as net income and diluted earnings per share totaled $576 million and $1.16, respectively.

NEW YORK — Colgate-Palmolive announced on Thursday that worldwide net sales rose 4.5% during the first quarter as net income and diluted earnings per share totaled $576 million and $1.16, respectively.

Worldwide net sales totaled about $4 billion during the first quarter, an increase of 4.5% compared with the year-ago period. Organic sales grew 1.5%.

April 28, 2011
Revlon reports upswing in Q1 net sales, income

Revlon, which recently added the Sinful Colors brand to its portfolio, announced on Thursday an upswing in first-quarter net sales and net income.

NEW YORK — Revlon, which recently added the Sinful Colors brand to its portfolio, announced on Thursday an upswing in first-quarter net sales and net income.

April 27, 2011
Former Ohio governor spokesman takes talents to Kroger

Kroger has named Keith Dailey as the company's external corporate communications director.

CINCINNATI — Kroger has named Keith Dailey as the company's external corporate communications director.

According to the company, Dailey will oversee national media communications for Kroger, which operates 2,458 supermarkets and multidepartment stores in 31 states under two dozen local banner names.

Serving as the spokesman for such a large company should come easy to Dailey. As the communications director for former Ohio governor Ted Strickland, Dailey likely had his fair share of media issues to tackle.

April 25, 2011
ReportersNotebook — Chain Pharmacy, 5/2/11

SUPPLIER NEWS — Hi-Tech Pharmacal announced the tentative approval by the Food and Drug Administration of levofloxacin oral solution in the 25-mg/mL strength, a generic antibiotic. Levofloxacin oral solution is a generic version of Johnson & Johnson’s Levaquin, which had sales of $6 million in 2010, according to IMS Health. Hi-Tech expected to receive final approval in June, when Johnson & Johnson’s patent expires.


April 21, 2011
Weis reports positive operating results

Weis Markets on Thursday reported a 7% increase in sales, to $18.6 million, for the 13 weeks ended March 26.

SUNBURY, Pa. — Weis Markets on Thursday reported a 7% increase in sales, to $18.6 million, for the 13 weeks ended March 26.

Basic and diluted earnings per share increased 6.2% to 69 cents per share, Weis reported.

Same-store sales were up 0.6%.

March 31, 2011
Consumers continue to plan ahead before shopping

While fewer consumers are seeking out private-label options this year, preplanning activities continue to be a priority, according to a new survey conducted by SymphonyIRI Group.

MIAMI BEACH — While fewer consumers are seeking out private-label options this year, preplanning activities continue to be a priority, according to a new survey conducted by SymphonyIRI Group.

In SymphonyIRI's inaugural MarketPulse survey, the group found that 2-out-of-3 shoppers today are making shopping lists prior to visiting the store, while 56% are reading store fliers either before or at the store — statistics that are in line with trends noted in 2010.

March 22, 2011
Dollar General remains top stock pick on Q4 sales growth

Though Dollar General's fourth-quarter sales growth came in at slightly below analysts' expectations, the company still is considered a good investment.

GOODLETTSVILLE, Tenn. — Though Dollar General's fourth-quarter sales growth came in at slightly below analysts' expectations, the company still is considered a good investment.

"Overall, longer term, the stock remains one of our top picks given the company's robust store growth opportunity and strong execution of its merchandising and operational initiatives," according to analysts at Bernstein Research.

March 22, 2011
Walgreens achieves record sales, Rx growth

Walgreens announced on Tuesday record sales and earnings for the second quarter as it celebrated a milestone of filling 1-in-every-5 retail prescriptions for the first time in the company's history.

DEERFIELD, Ill. — Walgreens announced on Tuesday record sales and earnings for the second quarter as it celebrated a milestone of filling 1-in-every-5 retail prescriptions for the first time in the company's history.

Net earnings for the quarter were $739 million, or 80 cents per diluted share, compared with $669 million, or 68 cents per share, in the year-ago period.