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Financial News

  • Target January sales rise nearly 30%

    MINNEAPOLIS — Target Corp. reported net sales of nearly $6 billion in January, the company said Thursday.

    The mass merchandise retailer reported sales of $5.97 billion, a 29.6% increase over the $4.6 billion reported in January 2012. Comps for the period, which ended Saturday, increased 3.1%.

  • Revlon records 3.2% net sales increase for 2012

    NEW YORK — Revlon today announced results for the year and the fourth quarter ended Dec. 31, 2012, with a 3.2% increase in overall net sales. Excluding unfavorable foreign currency fluctuations of $21.2 million, 2012 net sales increased by 4.8%.

  • Cardinal quarterly revenue down 7%, earnings-per-share up 15%

    DUBLIN, Ohio — Cardinal Health on Tuesday posted $25.2 billion in revenue for its 2013 second quarter, down 7%. The company's non-GAAP diluted earnings per share was up 15% to $0.93. 

  • Walgreens reports 8.7% pharmacy comps lift for January

    DEERFIELD, Ill. — Walgreens Tuesday morning reported January sales of $6.2 billion, an increase of 6.3% as compared to the same month in fiscal 2012.

  • Katz Group Canada appoints Sharon Driscoll as EVP, CFO

    MISSISSAUGA, Ontario — The company that operates Canada's Rexall and Rexall Pharma Plus retail pharmacy chains has hired on a former Sears Canada executive.

    Katz Group Canada announced Monday the appointment of Sharon Driscoll as EVP and CFO.

  • Bloomberg: Tesco reassures U.S. customers as investment bank conducts strategic review

    NEW YORK — U.K. grocer Tesco is attempting to reassure shoppers that its United States-based Fresh & Easy supermarkets are not closing after announcing in December plans to exit the U.S. market, Bloomberg News reported Friday. 

  • McKesson Q3 revenue up 1% to $31.2 billion

    SAN FRANCISCO — McKesson Corporation on Thursday reported $31.2 billion in revenue for its third quarter ended Dec. 31, up 1%. 

    “Our full year view of the operating performance in our Distribution Solutions segment is now better than our original expectations, and our full year view of the operating performance in the primary businesses in Technology Solution remains unchanged,” stated John Hammergren, chairman and CEO. 

  • Unilever completes sale of Skippy brand to Hormel in most markets

    ENGLEWOOD CLIFFS, N.J. — Unilever has mostly completed its sale of the Skippy peanut butter brand to Hormel Foods, the company said Friday.

    The conglomerate said it had completed the $700 million sale of the global business, except for China, where it remains subject to regulatory approval and is expected to close later this year.

    The two companies announced the deal on Jan. 3, including the brand's trademarks and two factories, in the United States and China.

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