Earnings

Kohl’s slashes full-year outlook as revenue, operating profits drop

Following troubling financial results from other big-box retailers this week, Kohl’s reported declining revenue and operating profit in the first quarter. The company’s results come on the heels of Walmart and Target, who’ve also taken a hit from economic headwinds like inflation, fuel costs and supply chain expenses. Kohl’s is also receiving pressure from activist investors and several takeover offers.

Latest Stories

  • MAY 10, 2022

    As losses mount, Peloton lays out a new way to grow memberships

    At Peloton, revenue dropped 23% year-over-year to $964 million in the brand's fiscal third-quarter earnings presentation today. Losses, meanwhile, grew to $757.1 million in the quarter. To return to growth, the brand plans to focus on growing membership in its fitness app, cutting prices of products to drive sales and expanding customer acquisition cheaply by entering third-party retail.

  • MAY 06, 2022

    Amid inflation, premium beers are driving sales for alcohol conglomerates

    As inflation concerns rise, alcohol conglomerates are betting on more expensive drinks to drive sales. The "Above Premium" portfolio at Coors with brands like Blue Moon and the "Above core" portfolio at AB InBev with brands like Corona or Stella both grew their share of total revenue in the quarter.

  • MAY 05, 2022
    etsy

    As the e-commerce boom subsides, Etsy’s growth is slowing down

    Etsy's pandemic-induced sales bump appears to be coming to an end. The company’s net income came in at $86.1 million, down 40.1% compared to a year ago. Furthermore, Etsy sales increased by a lesser-than-expected rate, jumping about 5.2% from year-over-year. This marked the first time the company grew by just a single-digit rate during the pandemic. The slowing demand for Etsy’s marketplace goods is the latest example of e-commerce’s deceleration, especially as more people return to stores.

  • MAY 04, 2022

    CVS looks to other health care offerings as interest in Covid-related services declines

    Covid vaccinations at CVS have sharply dropped to over 8 million in the first quarter from 20 million shots last quarter. Similarly, the number of Covid tests it administered dropped to 6 million from 8 million in the fourth quarter. Moving forward, CVS’s growth could depend on its other healthcare initiatives to boost foot traffic.

  • MAY 02, 2022

    Citing inflation, CPG conglomerates are raising prices and reporting record profits

    Despite inflation, CPG conglomerates outperformed first-quarter estimates after hiking prices. Last week, food and beverage conglomerates Coca-Cola, Hershey's, PepsiCo and Mondelez all surpassed earnings estimates, with year-over-year, first-quarter revenues up between 7% and 16%. While executives have described inflationary pressures as a potential headwind on profits, price increases have largely insulated these conglomerates' bottom lines.

  • APR 29, 2022

    Footwear brand Sorel is leading Columbia Sportswear’s growth

    All of Columbia’s brands saw sales increase across the board, but Sorel topped them all with a 37% year-over-year growth. As other retailers like Lululemon bet on the footwear market for growth, Columbia appears to be benefiting again from already having an established brand on its roster.

  • APR 21, 2022

    Tractor Supply continues to dominate as more Americans move out of cities

    When the pandemic brought the rise of homeownership, the humanization of pets and the U.S. population’s exodus from bigger cities, Tractor Supply was one of the biggest beneficiaries. Though analysts said Tractor Supply’s growth is beginning to normalize, executives said the company is poised to continue profiting from these trends.

  • APR 20, 2022

    Procter & Gamble expects inflation to continue impacting profitability

    Historic inflation continues to concern retail brands, as they try to stay ahead of rising supply chain costs. This week, CPG conglomerate P&G warned that it will continue to increase prices to keep profit margins healthy over the coming year.

  • APR 19, 2022

    Why grocers like Albertsons and Krogers are investing in their fresh aisles

    Grocery Outlet's sales declined 3% year-over-year in the fourth quarter, and growth at Albertsons and Kroger slowed to single digits. Amid this more competitive market, grocers are placing their bets on their fresh food items like deli, cheeses and produce with new product offerings and in-store refreshes.

  • APR 07, 2022

    Levi’s first-quarter sales growth is driven by wider-leg denim

    Levi’s reported 22% year-over-year revenue growth during its first-quarter earnings call on Tuesday, driven largely by the popularity of wider-leg silhouettes. At Levi's, looser fitting styles accounted for about half of bottoms sales in the first quarter.

  • APR 04, 2022

    European fast fashion retailers struggle amid inflation and Russia-Ukraine war

    European fast-fashion retailers are leaning on price hikes and online sales as inflation and war in Ukraine hit profits. Modern Retail rounded up comments from Zara and H&M executives to look at the headwinds facing these retailers in 2022 -- and how they hope to overcome them with price hikes and online sales.

  • MAR 31, 2022

    Walgreens sees highest comp sales growth in 20 years driven by healthcare demand

    Walgreens' U.S. comp sales grew 14.7% year-over-year in the second quarter. The company administered 11.8 million Covid vaccines and 6.6 million tests in the second quarter alone, which experts said meant more store traffic and opportunities to purchase other items.

  • MAY 12, 2022
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