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Financial News

  • Fred’s posts 8% total sales lift in Q1, 1% comps increase

    MEMPHIS, Tenn. — Fred’s on Thursday reported its earnings for the first quarter ended April 30, posting an 8% increase in total sales and a net income of $1.3 million. The company saw comparable store sales increase 1% for the first quarter, which is slightly better than the 0.8% increase in comps it posted in Q1 2015. 
     

  • Kmart sees sales dip as Sears Holdings posts losses

    HOFFMAN ESTATES, Ill. — Kmart parent company Sears Holdings on Thursday announced its first quarter sales figures, as well as the departure of its CFO and plans to explore ways to expand distribution of its key brands outside its own stores.
     

  • IMS Health acquires Privacy Analytics

    DANBURY, Conn. — IMS Health on Thursday announced that it had acquired Toronto, Canada-based Privacy Analytics, which offers tech solutions to de-identify and anonymize healthcare information. The company said the acquisition would build up its ability to help clients drive research and development while reinforcing its role as a partner to health systems, payers and providers. 
     

  • Comps steady in Costco’s Q3

    ISSAQUAH, Wash. — Costco on Thursday reported the results of its third quarter and the year-to-date sales, bringing in $26.15 billion in net sales during the quarter and $80.34 billion in sales so far this year.
     
    The company’s U.S. comparable store sales for the quarter saw a 0% increase and a 2% increase for the first 36 weeks of the year. Without the effects of gas price deflation and foreign exchange, quarterly comps were at 3% and YTD comps were at 4%.
     

  • CVS Health’s Rx-free naloxone effort to reach 30 states by August

    WOONSOCKET, R.I. — CVS Health on Wednesday announced that its push to curb opioid overdose by providing overdose reversal drug naloxone without a prescription would hit 30 states by August through expansion to seven new states this summer. The initiative works by establishing a standing order with an in-state physician to allow pharmacists to dispense the drug to patients without individual prescriptions. The company has already begun dispensing naloxone in 23 states. 
     

  • Walmart continues upswing with 4.3% lift in U.S. sales

    BENTONVILLLE, Ark. - Walmart on Thursday reported a 4% lift in first-quarter revenues to $119.4 billion and a 4.3% lift in net sales across Walmart U.S. to $73.3 billion.
     

  • Target's digital comp sales up 23% for first quarter

    MINNEAPOLIS - Target on Wednesday reported first quarter 2016 comparable sales growth of 1.2%, and adjusted earnings per share from continuing operations of $1.29, up 16.5% from $1.10 in 2015. 
     

  • KKR to sell 15 million shares of Walgreens Boots Alliance

    DEERFIELD, Ill. - Walgreens Boots Alliance on Thursday announced that affiliates of KKR intend to offer for sale in an underwritten secondary offering 15 million shares of the company’s common stock pursuant to the shelf registration statement filed by the company with the Securities and Exchange Commission on Feb. 17, 2016.
     
    The selling stockholders also intend to grant the underwriter a 30-day option to purchase up to an additional 1.5 million shares of the company's common stock.
     
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