Chewy, the online pet food retailer reported first quarter profit after the company expanded its active customer base with larger purchases.
CHWY
CHWY
Burlington Stores quarterly results were marred by consumer demand shift, inventory mismatch, and rising freight and product costs. The retailer said the monthly sales trend is encouraging but issued a cautious outlook.
BURL
BURL
Ulta Beauty reported strong quarterly results as customers return to work and start to participate in events and activities. The retailer lifted its full-year sales and earnings growth outlook.
ULTA
ULTA
Gap Inc said quarterly sales were marred by falling demand at its namesake brand and management challenges at Old Navy. Banana Republic sales surged 24%. The company plans to close 350 stores in North America.
GPS
GPS
Stocks on Wall Street advanced after the release of personal income and consumption data. Retailers were in focus after American Eagle Outfitters, Big Lots, and Hibbett results disappointed investors. Costco same stores sales showed consumer strength.
U.S. market indexes advanced after retailers reported stronger than expected results at the top and bottom end of the consumption. Macy's, Williams-Sonoma, Dollar General and Dollar Tree results reassured investors.
Dollar General's quarterly earnings declined as the company and its customers battled inflation and customers limit purchases to basic items. The deep discount retailer lifted annual sales growth outlook.
DG
DG
Williams Sonoma quarterly sales slowed but still ahead of expectations. Pottery Barn comparable sales increased 15% on top of 41% increase in the quarter a year ago.
WSM
WSM