Financial News

Walgreens Boots Alliance reports store, online sales bounce back in Q3
Operating income from continuing operations in the first nine months of fiscal 2022 increased 54.3% to $2.2 billion, compared with $1.4 billion in the same period a year ago.
Rite Aid reports decrease in Q1 results
Driven by a reduction in COVID-19 vaccines and testing revenue, as well as store closures, Rite Aid’s retail pharmacy segment revenues decreased over the prior-year quarter.

Kellogg to separate cereal, plant-based food businesses
The company’s North American cereal and plant-based food businesses will be spun off into two separate entities.
Mallinckrodt expected to emerge from Chapter 11 bankruptcy
Mallinckrodt issued 13,170,932 new ordinary shares to its guaranteed unsecured noteholders.
Revlon files for bankruptcy
The 90-year-old beauty brand stated that by filing for Chapter 11, it will be able to operate seamlessly in all markets and focus on driving future growth.
Kroger shares membership program plans alongside Q1 results
During a strong first-quarter earnings report, the grocery chain announced that it would be rolling out its Boost membership program nationally over the next few weeks.
Revlon reportedly to file for bankruptcy
According to reports, Revlon is preparing to file for Chapter 11 within the next few days, following news that as of the end of March it had long-term debt of $3.31 billion.
Grocery inflation affected by online, dollar channels
According to inflation insights from Numerator, grocery prices were up 13.2% year-over-year, and health and beauty prices increased 10.1%.
Dollar General reports strong Q1
Contributions from new stores drove Dollar General's net sales increase of 4.2% to $8.8 billion in Q1.
Gains in member traffic drive Q1 results for BJ’s Wholesale Club
The wholesale club retailer reached 6.5 million members in the first quarter, and membership fee income increased by 11.9% to $96.6 million year-over-year.
Higher costs weigh down Target’s Q1
Target had lower-than-expected sales in discretionary categories, as well as costs related to freight, supply chain disruptions, and increased compensation and headcount in its distribution centers.
Ahold Delhaize increased market shares across key markets in Q1
The company reported group net sales increased 8.3% and net sales were up 3.6% as food-at-home consumption remained resilient.
Albertsons reports strong Q4 sales, profits
Fourth-quarter sales and other revenue reached $17.4 billion during the 12 weeks ended Feb. 26, due to an increase in identical sales and higher fuel sales, with retail price inflation contributing to the identical sales increase.
Walgreens Boots Alliance’s strong Q2 led by surge in COVID-19 tests, vaccinations
The company reported strong execution in its business segments led by COVID-19 vaccinations and testing.

Financial news and information in retail pharmacies.