As Walgreens made “substantial progress” on accelerating its digitalization, among other strategic priorities, the pharmacy chain had fiscal 2020 first-quarter revenues of $34.3 billion and adjusted earnings per share (EPS) of $1.37 per an announcement from the company on Wednesday (Jan. 8). Get the Full...
Pier 1 said on Monday (Jan. 6) that it intends to close nearly half of its 942 locations, according to CNBC, fueling rumors of bankruptcy as the company releases its quarterly earnings. The company specified that up to 450 Pier 1 stores will be closed....
FedEx saw a drop in its shares during after-hours trading in New York on Tuesday (Dec. 17), with shares dipping 6.5 percent to $152.62. The drop came on the heels of the delivery giant cutting its earnings forecast for the second straight quarter, reports said....
Indian food delivery company Swiggy has seen a six-fold increase in losses this financial year, which ended in March 2019 (FY19), according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
As 2019 winds down, Moody’s and Goldman Sachs predict a weak outlook for department stores, CNBC reported on Monday (Dec. 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
One JPMorgan Chase executive says that CEOs are a bit nervous about earnings growth next year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
In the wake of the departure of former CEO Art Peck amid sluggish sales, Gap Inc. reported that fiscal year 2019 comparable sales were down 4 percent versus flat last year. Gap Global’s same-store sales dropped 7 percent from the prior year, while sales dropped 4 percent for its Old Navy Global...
The mall has not been kind to Macy’s, or at least that was the takeaway from the retailer’s earnings report released earlier today (Nov. 21). As the numbers hit the wires, sluggish sales figures and stumbling same-store sales growth hit Macy’s figures with a one-two...
It was a big day for Target on the public markets as the big-box retailer rolled out its Q3 earnings reports with better than expected results and revised its expectations for the remainder of 2019 upwards. CEO Brian Cornell, at the outset of his remarks...
