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Costco Wholesale Reports August Sales
Wednesday, August 31, 2011 - 6:48pm | 127Costco Wholesale (NASDAQ: COST) today reported net sales of $6.9 billion for the month of August, the four weeks ended August 28, 2011, an increase of 17 percent from $5.9 billion during the similar period last year. This year's four-week period included sales from the Company's Mexico joint...
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How Far Can A Dollar (General) Go These Days?
Tuesday, August 30, 2011 - 9:22am | 948Warren Buffett certainly knows a good thing when he sees it. When Buffett, 81, announced earlier in the month he had a position in Dollar General (NYSE: DG), many thought it was a shrew move. After today's earnings beat, it looks like an even shrewder move. The Goodlettsville, Tennessee-based...
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What's Hot On TheStreet
Monday, August 22, 2011 - 12:50pm | 250Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Bad Economy Good for Dollar Tree, PriceSmart More people are shopping at discount retailers due to the difficult economy and that's translating into sales, says Brian Lazorishak, manager of the Chase Mid-Cap...
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Money Doesn't Grow On Dollar Trees
Thursday, August 18, 2011 - 8:48am | 766With so much uncertainty in the U.S. economy, it is easy to see why there is tremendous interest in the dollar store space. Apparently though, money does not grow on trees, Dollar trees that is. Dollar Tree, Inc. (NASDAQ: DLTR) shares are getting rocked this morning, after the company came out...
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comScore Report Shows Amazon Sites Visited by 1 in 5 Global Internet Users in June
Wednesday, August 17, 2011 - 11:44am | 439comScore, Inc. (NASDAQ: SCOR) today released a report on selected global retail and auction sites based on data from the comScore Media Metrix service. The study found that of the destinations analyzed, Amazon (NASDAQ: AMZN) Sites reached the largest global audience with more than 282 million...
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Earnings Roundup
Wednesday, August 17, 2011 - 8:11am | 1175Staples Inc (NASDAQ: SPLS) reported a 36% rise in its fiscal second-quarter profit. Staples' quarterly profit surged to $176.4 million, or $0.25 per share, from $129.8 million, or $0.18 per share, in the year-ago period. Its sales climbed 5.2% to $5.82 billion. Excluding a $21 million tax refund,...
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UPDATE: BJ's Wholesale Club Reports 28% Jump In Q2 Net Income
Wednesday, August 17, 2011 - 7:23am | 89BJ's Wholesale Club Inc (NYSE: BJ) reported a 28% rise in its second-quarter net income. BJ's reported its quarterly earnings at $45.7 million, or $0.84 per share, up from $35.7 million, or $0.67 per share, in the year-ago period. However, analysts were expecting earnings of $0.77 per share. Its...
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Jefferies Comments On Wal-Mart "Soft Sales"
Wednesday, August 17, 2011 - 7:13am | 79According to Jefferies, Wal-Mart Stores (NYSE: WMT) reported continued sales softness. Jefferies said that it showed a $0.01 beat following unusual expenses, a lower than expected tax rate and currency exchange benefits. US Division sales were consistent with the model, but better than informal...
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UPDATE: Citi Lowers Price Target On Wal-Mart To $63
Wednesday, August 17, 2011 - 7:09am | 67According to Citi, Wal-Mart Stores (NYSE: WMT) price target is lowered to $63. Citi said that WMT reported 2Q11 EPS from continuing operations of $1.09 (incld. certain discrete items), a penny above estimate and consensus of $1.08, vs. guidance of $1.05 to $1.10, and vs. $0.97 last year. “We are...
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Goldman Sachs Comments On Wal-Mart 2Q Results
Wednesday, August 17, 2011 - 7:02am | 99According to Goldman Sachs, Wal-Mart Stores (NYSE: WMT) 2Q results came in light of expectation, they beat consensus by a penny even though US comps declined 0.9% and margins were flat. Goldman Sachs said that WMT's U.S. comp improved sequentially in every month during the quarter, with July...
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Goldman Sachs Raises PT On Wal-Mart To $58
Wednesday, August 17, 2011 - 5:37am | 27Goldman Sachs has raised the price target on Wal-Mart Stores (NYSE: WMT) from $55 to $58 and maintains its Neutral rating.
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Citigroup Lowers PT on Wal-Mart To $63
Wednesday, August 17, 2011 - 5:35am | 26Citigroup has lowered the price target on Wal-Mart Stores (NYSE: WMT) from $66 to $63 and maintains its Buy rating.
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US Stock Futures Flat; Inflation Data In Focus
Wednesday, August 17, 2011 - 5:12am | 528US stock futures are flat this morning, as investors are awaiting inflation data. Futures for the Dow Jones Industrial Average gained 1 point to 11,388.00 and S&P 500 index futures rose 0.50 points to 1,192.80. Nasdaq 100 futures dropped 6.00 points to 2,193.00. US stocks closed lower on...
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Earnings Scheduled For August 17
Wednesday, August 17, 2011 - 3:19am | 454Limited Brands Inc (NYSE: LTD) is expected to report its Q2 EPS at $0.46 on revenue of $2.44 billion. Staples Inc (NASDAQ: SPLS) is projected to report its Q2 EPS at $0.20 on revenue of $5.65 billion. Deere & Company (NYSE: DE) is estimated to report its FQ3 EPS at $1.67 on revenue of $7.50...
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Earnings Roundup
Tuesday, August 16, 2011 - 8:22am | 547Home Depot Inc (NYSE: HD) reported a 14% rise in its fiscal-second-quarter net income. Home Depot's quarterly profit surged to $1.36 billion, from $1.19 billion, in the year-ago period. Its earnings per share rose to $0.86 from $0.72. Shares outstanding dropped 5.2% to 1.58 billion. Home Depot's...