Financial News

For the first quarter of fiscal year 2019, Rite Aid brought in income of $214.4 million and swung to a net loss of $41.7 million from continuing operations.

According to the National Retail Federation and Prosper Insight and Analytics, this year Americans are expected to spend $6.9 billion on food for Fourth of July cookouts and picnics, which is down from last year’s record $7.1 billion.

Kroger reported on Thursday that its Restock Kroger program is off to a “fantastic start,” leading to strong cost controls, alternative revenue streams and first quarter net earnings per diluted share that were slightly ahead of the company's internal expectations.

According to the new TotalSocial Ranking from Engagement Labs, Bath and Body Works, Ulta and Sephora have claimed the top three spots, when it comes to increasing brand performance through both face-to-face and social media conversations.

Markwins is expanding its beauty portfolio by acquiring Pro Artistry brand Lorac Cosmetics, which was founded by professional makeup artist Carol Shaw.

Evergreen Consumer Brands announced its acquisition of the Salon Selectives and Daily Defense brands from CTL International.

Southeastern Grocers announced that it has successfully completed its financial restructuring and has emerged from bankruptcy protection after filing in March.

Ulta Beauty reported that its net income increased 28.2% to $164.4 million and earnings per diluted share increased 31.7% to $2.70, topping analysts’ estimates of $2.48 a share.