Content about Conference Call

April 10, 2014

Fred's Super Dollar on Wednesday reported sales of $191.2 million, up 1%, for the five-week fiscal month of March ended April 5, 2014.

MEMPHIS, Tenn. — Fred's Super Dollar on Wednesday reported sales of $191.2 million, up 1%, for the five-week fiscal month of March ended April 5, 2014.

Comparable store sales for the month decreased 1.2% compared with a decrease of 3% in the prior-year period.

March 10, 2014

Shaving trends among men — or rather the lack thereof — has shaken up the razor segment a bit as more men are opting to sport facial hair, but manufacturers remain optimistic as they churn out new innovations and see a decline of “loaded pantries” on the horizon.

Shaving trends among men — or rather the lack thereof — has shaken up the razor segment a bit as more men are opting to sport facial hair, but manufacturers remain optimistic as they churn out new innovations and see a decline of “loaded pantries” on the horizon.

(For the full category review, including sales data, click here.)

March 6, 2014

Kroger danced around "the elephant in the room" in declining to discuss future merger and acquisition plans on its fourth-quarter conference call Thursday morning.

CINCINNATI — Kroger danced around "the elephant in the room" in declining to discuss future merger and acquisition plans on its fourth-quarter conference call Thursday morning. While neither Kroger executives nor analysts actually referenced any potential Safeway transaction, Rodney McMullen, Kroger CEO did provide some color as to what strategic opportunities the company would be interested in: "The thing that was attractive about Harris Teeter as a transaction — it's a well-run company that overall we admired a whole lot," he said.

February 28, 2014

Following speculation that Safeway may be considering "strategic alternatives," Safeway executives during their latest conference call confirmed just that — the supermarket retailer placed itself on the sales block. Before that conference call, analysts were already putting two and two together and coming up with two viable suitors for the Safeway footprint — private investment firm Cerberus, also known as New Albertsons, and supermarket giant Kroger, which has just closed on Harris Teeter for $2.5 billion.

Cerberus is said to be the lead bidder, but Kroger shouldn't be ruled out. But what would Cerberus or Kroger be getting if they purchased Safeway outright for almost $10 billion? In addition to 1,335 locations and a $2.7 billion book of prescription business, there would be some intangibles in the deal as well — namely Safeway's relatively advanced Just for U loyalty program and a yet-to-be launched health-and-wellness platform that's supposed to evolve Safeway over the next decade from being a food retailer into being a health solutions center.

Following speculation that Safeway may be considering "strategic alternatives," Safeway executives during their latest conference call confirmed just that — the supermarket retailer placed itself on the sales block.

February 27, 2014

Ahold announced plans to significantly expand its Peapod presence in the U.S. market when announcing fourth-quarter results on Thursday.

ZAANDAM, The Netherlands — Ahold announced plans to significantly expand its Peapod presence in the U.S. market when announcing fourth-quarter results on Thursday. "Peapod is expected to double its capacity in the U.S. in 2014," Dick Boer, Ahold CEO, told analysts. 

February 11, 2014

Forging ahead on its longer-term goal of creating a national platform to support primary care, CVS Caremark plans to open up at least 150 new MinuteClinic locations this year and is now testing telehealth at more than two-dozen sites.

WOONSOCKET, R.I. — Forging ahead on its longer-term goal of creating a national platform to support primary care, CVS Caremark plans to open up at least 150 new MinuteClinic locations this year and is now testing telehealth at more than two-dozen sites.

With a primary care physician shortage that is expected to reach 45,000 in 2020 and nearly half of patients indicating that they do not have a primary care physician, the role of MinuteClinic is no doubt becoming increasingly vital.

February 6, 2014

Canadian pharmacy retailer Shoppers Drug Mart posted an increase in fourth-quarter sales driven by gains at the front end and strength in prescription count growth.

TORONTO — Canadian pharmacy retailer Shoppers Drug Mart posted an increase in fourth-quarter sales driven by gains at the front end and strength in prescription count growth. The company also noted that it is gearing up for an expansion of its enhanced beautyBOUTIQUE during 2014.

Sales for the quarter were Canadian $2.75 billion, an increase of 0.9% compared with the year-ago period. Same-store sales increased 1.2% during the quarter.

December 26, 2013

Now, a year later, as the company completes its 50th year in business and the country awaits a period of change in health care unlike anything seen in at least that time, CVS Caremark executives are quite confident that its unique hybrid structure and its ability to leverage the three core parts of its business — either individually or together, in varying combinations to serve a multitude of needs — aligns more effectively with the long-term trends in health care and puts the company in a unique position at a singular moment in history.

In 2012, DSN presented an in-depth report on CVS Caremark’s integrated pharmacy business model — part big retail pharmacy chain, part big PBM, part big retail clinic operator — and the innovative products and solutions that were coming out of the organization, particularly where the three parts of the business came together, its “integration sweet spots,” as company executives referred to them.

December 20, 2013

Walgreens posted a first-quarter sales increase of 5.9% to a record $18.3 billion. Front-end comparable store sales for the quarter increased 2.4% in the first quarter, customer traffic in comparable stores increased 0.2% and basket size increased 2.2%, while total sales in comparable stores increased 5.4%. Prescription sales, which accounted for 64.7% of sales in the quarter ended Nov. 30, increased 7.3%, while prescription sales in comparable stores increased 7.2%.

Front-end comps are up. Prescription comps are up. Business is good. And that's not the story. Rather, that's the kind of results you can expect from the story. The story is Walgreens is priming a three-pistoned growth engine that will quite likely drive what pharmacy will look like in the future — an efficient global supply chain beast that feeds a front-end that commands traffic in its own right, and a back-end that demands healthcare payers pay attention to how Walgreens can help improve adherence and patient-care metrics. So, how can suppliers better align with Walgreens?

Walgreens posted a first-quarter sales increase of 5.9% to a record $18.3 billion. Front-end comparable store sales for the quarter increased 2.4% in the first quarter, customer traffic in comparable stores increased 0.2% and basket size increased 2.2%, while total sales in comparable stores increased 5.4%. Prescription sales, which accounted for 64.7% of sales in the quarter ended Nov. 30, increased 7.3%, while prescription sales in comparable stores increased 7.2%.

December 19, 2013

Rite Aid appears to be transitioning from a turnaround phase to one in which it's looking more toward future opportunities, company executives suggested in a conference call Thursday morning when announcing the chain's third quarter 2014 results.

CAMP HILL, Pa. – Rite Aid appears to be transitioning from a turnaround phase to one in which it's looking more toward future opportunities, company executives suggested in a conference call Thursday morning when announcing the chain's third quarter 2014 results.

November 13, 2013

Facing an increasingly competitive retail landscape, Canadian retailer Loblaw Cos. posted a slight lift in retail sales but, due to incremental margin investment in the back half of the year, lowered its earnings growth expectations for 2013. However, company executives are optimistic as the company remains focused on investing in what it refers to as the “customer proposition” and looks forward to its acquisition of Shoppers Drug Mart.

BRAMPTON, Ontario — Facing an increasingly competitive retail landscape, Canadian retailer Loblaw Cos. posted a slight lift in retail sales but, due to incremental margin investment in the back half of the year, lowered its earnings growth expectations for 2013. However, company executives are optimistic as the company remains focused on investing in what it refers to as the “customer proposition” and looks forward to its acquisition of Shoppers Drug Mart.

November 12, 2013

Canadian pharmacy retailer Shoppers Drug Mart posted a 2.4% increase in sales for the third quarter, driven by continued strength in prescription count growth and front-end sales.

TORONTO — Canadian pharmacy retailer Shoppers Drug Mart posted a 2.4% increase in sales for the third quarter, driven by continued strength in prescription count growth and front-end sales.

For the quarter ended Oct. 5, the company posted sales of Canadian $3.29 billion, up 2.4% compared with the year-ago period. Same-store sales rose 2.2%.

November 5, 2013

CVS Caremark, which posted solid third quarter across its enterprise, is well-positioned to benefit from the rapidly changing healthcare environment. That was a key message that CVS Caremark president and CEO Larry Merlo had for analysts Tuesday morning during the company’s third-quarter conference call.

WOONSOCKET, R.I. — CVS Caremark, which posted solid third-quarter results across its enterprise, is well-positioned to benefit from the rapidly changing healthcare environment. That was a key message that CVS Caremark president and CEO Larry Merlo had for analysts Tuesday morning during the company’s third-quarter conference call.

November 5, 2013

CVS Caremark posted “solid” results during its third quarter and its MinuteClinic business was no exception.

WOONSOCKET, R.I. — CVS Caremark posted “solid” results during its third quarter, and its MinuteClinic business was no exception.

During the quarter ended Sept. 30, the retail clinic business enjoyed revenue growth of 18%.

From a comp perspective, MinuteClinic has, most recently, been comping in the teens to low 20s, Dave Denton, EVP, CFO, controller and chief accounting officer, told analysts during the company’s third-quarter conference call Tuesday morning.

October 23, 2013

Reckitt Benckiser has realized a greater value out of its 1-year-old acquisition of Schiff, which moved the consumer product goods conglomerate into the dietary supplement arena, and expects to push that VMS business to greater heights in the coming year, Rakesh Kapoor, Reckitt Benckiser CEO and executive director told analysts during a conference call Tuesday.

SLOUGH, England — Reckitt Benckiser has realized a greater value out of its 1-year-old acquisition of Schiff, which moved the consumer product goods conglomerate into the dietary supplement arena, and expects to push that VMS business to greater heights in the coming year, Rakesh Kapoor, Reckitt Benckiser CEO and executive director told analysts during a conference call Tuesday. 

October 14, 2013

One consequence of the government shutdown may be the erosion of consumer confidence among the poor, noted dollar store operator Howard Levine, executive chairman and CEO of Family Dollar, in a conference call with analysts last week.

MATTHEWS, N.C. — One consequence of the government shutdown may be the erosion of consumer confidence among the poor, noted dollar store operator Howard Levine, executive chairman and CEO of Family Dollar, in a conference call with analysts last week. "The way I think about these kind of things is it's just not a help to consumer confidence," he said. "The threat of the shutdown, the uncertainty regarding some of the government assistance that our consumers impact, the uncertainty around job growth are very real to our customer everyday."

August 26, 2013

The collaboration between Community Health Network and Walgreens' Healthcare Clinic is officially underway as of last week, the companies announced. It's just one manifestation of how retail clinics and the pharmacies that house them will contribute to making health care more cost-efficient in the years ahead through coordinated care vetted by improved outcomes.

In fact, 2014 will be the year of the retail clinic. The collaboration dovetails nicely with Walgreens' plans to significantly expand the scope of care found at Healthcare Clinic that president and CEO Greg Wasson talked about at the company's last quarterly conference call. "These new services include diagnosis, treatment and management for hypertension, diabetes, high cholesterol and asthma, as well as additional preventive health services," he said.

The collaboration between Community Health Network and Walgreens' Healthcare Clinic is officially underway as of last week, the companies announced. It's just one manifestation of how retail clinics and the pharmacies that house them will contribute to making health care more cost-efficient in the years ahead through coordinated care vetted by improved outcomes. 

August 8, 2013

Both Novartis Consumer Health and McNeil Consumer Healthcare will be making strong comebacks across their respective analgesic portfolios in the second half of this year, which will make a fourth-quarter battle royale across analgesics, as well as cough-cold.

Both Novartis Consumer Health and McNeil Consumer Healthcare will be making strong comebacks across their respective analgesic portfolios in the second half of this year, which will make a fourth-quarter battle royale across analgesics, as well as cough-cold.

July 31, 2013

Beauty company Revlon announced that net sales were essentially flat during the second quarter due, in part, to continued softness in its Almay brand.

NEW YORK — Beauty company Revlon announced on Wednesday that net sales were essentially flat during the second quarter due, in part, to continued softness in its Almay brand.

During its conference call with analysts Wednesday morning, the company also announced that Bob Kretzman, chief administrative officer, will retire at the end of September, following a 25-year career at Revlon. Kretzman will join Revlon's board of directors, effective Oct. 1.

July 18, 2013

Canada’s Shoppers Drug Mart, which recently announced plans to be acquired by Loblaw, saw a boost in second-quarter sales and earnings and, according to president and CEO Domenic Pilla, the company is “well-positioned heading into the back half of the year.”

TORONTO — Canada’s Shoppers Drug Mart, which recently announced plans to be acquired by Loblaw, saw a boost in second-quarter sales and earnings, and according to president and CEO Domenic Pilla, the company is “well-positioned heading into the back half of the year.”

July 16, 2013

The Loblaw Co. may have pulled the trigger on its acquisition of Shoppers Drug Mart upon learning of Walgreens' interest in the Canadian pharmacy operation, according to a report in Toronto's National Post published Tuesday.

TORONTO — The Loblaw Co. may have pulled the trigger on its acquisition of Shoppers Drug Mart upon learning of Walgreens' interest in the Canadian pharmacy operation, according to a report in Toronto's National Post published Tuesday. 

The report cited two industry sources. However, Shoppers Drug Mart chairman Holger Kluge suggested that the chain has had more than a few suitors during an analyst call Monday. 

June 20, 2013

Rite Aid posted its third consecutive profitable quarter Thursday morning as it launched the largest extension to date to its loyalty card program and continued growing the latest iteration of its new store format.

CAMP HILL, Pa. — Rite Aid posted its third consecutive profitable quarter Thursday morning as it launched the largest extension to date to its loyalty card program and continued growing the latest iteration of its new store format.

May 31, 2013

Fred's Inc. reported positive financial results for the first quarter on Thursday and is looking to implement initiatives to reconfigure its pharmacy department and expand its specialty drug program as key drivers in its "aggressive" 2013 plan.

 MEMPHIS, Tenn. — Fred's Inc. reported positive financial results for the first quarter on Thursday and is looking to implement initiatives to reconfigure its pharmacy department and expand its specialty drug program as key drivers in its "aggressive" 2013 plan.

May 22, 2013

Colder weather and more conservative shoppers contributed to a drop in Target Corp.'s first quarter 2013 profits, but the company's underlying business remains healthy, executives said Wednesday morning in a conference call with investors.

MINNEAPOLIS — Colder weather and more conservative shoppers contributed to a drop in Target Corp.'s first-quarter 2013 profits, but the company's underlying business remains healthy, executives said Wednesday morning in a conference call with investors.

"While we are not satisfied with this quarter's performance, we remain highly confident in our strategy," president, chairman and CEO Gregg Steinhafel said during the call.

May 16, 2013

Walmart Stores reported profit and sales lower than Wall Street expectations as the retail giant struggled against the payroll tax increase, delayed tax returns and an unseasonably cold spring impacting its U.S. sales.

Bentonville, Ark. — Walmart Stores on Thursday reported profit and sales lower than Wall Street expectations as the retail giant struggled against the payroll tax increase, delayed tax returns and an unseasonably cold spring impacting its U.S. sales. The retailer also scaled back its earnings expectations for the current three-month period.

Walmart’s net income rose 1.1% to $3.8 billion. Revenue edged up 1%, to $113.4 billion.