Financial News

Target’s net income totaled $1.49 billion, revenue rose 13% to $25.65 billion and its same-day services grew nearly 60% this year, the company said,

The retailer’s total revenue rose 4.3% to $140.53 billion and net income totaled $3.11 billion.

The plan includes discontinuing future development programs targeting liquid generic medications.

Cardinal Health reported Q1 revenue of $44 billion, an increase of 13% from the same period last year.

CVS Health’s revenue for the quarter increased by 10% and operating income increased by 12.5%.

The retailer recently filed a letter with the Securities and Exchange Commission requesting the withdrawal of its Registration Statement on Form S-1. 

Holiday sales during November and December will rise between 8.5% and 10.5% over 2020, totaling between $843.4 billion and $859 billion, the National Retail Federation said.

Novartis has commenced a strategic review of its Sandoz division and will explore all options ranging from retaining the business to separation, according to Reuters.

According to the retailer’s just-released earnings report, its net income closed in on $300 million for the quarter, up from $284.5 million this time last year to reach $295.2 million.

The retailer will invest $5.2 billion in VillageMD, increasing its ownership stake in the company from 30% to 63%.

Walgreens Boots Alliance finished its fiscal year strong with growth in both fourth-quarter and full-year earnings per share. Sales for the quarter totaled $34.8 billion, with full-year sales totaling $132.5 billion, both reflecting solid growth. 

Costco’s September sales increased 15.8% to $19.50 billion, same-store sales increased 14.3%, and online sales rose 10.6%.