First Quarter performance of international retail enterprises in 2020

Walmart Inc. reported results for the first quarter of its fiscal year 2020, which ended April 30.

Revenue totaled $134.622 billion, up 8.6% from $123.925 billion a year earlier.

Net sales were $133.672 billion, up 8.7% year on year.

Among them, Wal-Mart’s NET sales in the United States were $88.743 billion, up 10.5 percent year on year.

Wal-mart’s international net sales were $29.766 billion, up 3.4% from a year earlier; Sam’s Club’s net sales were $15.163 billion, up 9.6% from a year earlier.

Operating profit for the quarter was $5.224 billion, up 5.6% from a year earlier. Net income was $3.99 billion, up 3.9% from $3.842 billion a year earlier.

 

Costco Wholesale reported third-quarter results for the fiscal year ended May 10. Revenue totaled $37.266 billion, up from $34.740 billion a year earlier.

Net sales were $36.451 billion and membership fees were $815 million. Net income was $838 million, up from $906 million a year earlier.

 

The Kroger Co. reported results for The first quarter of its fiscal year 2020, Feb. 2-May 23. Sales were $41.549 billion, up from $37.251 billion a year earlier.

Net income was $1.212 billion, up from $772 million a year earlier.

Kroger Decorative Lights Supply

 

Home Depot inc. reported results for the first quarter of its fiscal year 2020, which ended May 3. Net sales were $28.26 billion, up 8.7% from $26.381 billion a year earlier.

Operating profit for the quarter was $3.376 billion, down 8.9% from a year earlier. Net income was $2.245 billion, down 10.7% from $2.513 billion a year earlier.

 

Lowe’s, the second-largest US retailer of decoration materials, reported a nearly 11 percent rise in sales to $19.68bn for the first quarter of 2020. Same-store sales rose 11.2 percent and e-commerce sales surged 80 percent.

The increase in sales was mainly due to increased spending by customers on home renovations and repairs as a result of the public health crisis. Net income rose 27.8 percent to $1.34bn.

 

Target reported a 64% drop in earnings for the first quarter of 2020. Revenue rose 11.3 percent to $19.37bn, helped by consumer stockpiling, with e-commerce comparable sales up 141 percent.

Net income fell 64% to $284 million from $795 million a year earlier. Same-store sales rose 10.8% in the first quarter.

 

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Best Buy reported revenue of $8.562 billion for its fiscal first quarter ended May 2, up from $9.142 billion a year earlier.

Of that, domestic revenue was $7.92 billion, down 6.7 percent from a year earlier, mainly due to a 5.7 percent decline in comparable sales and lost revenue from the permanent closure of 24 stores last year.

First-quarter net income was $159 million, up from $265 million a year earlier.

 

Dollar General, an American discount retailer, reported results for the first quarter of its fiscal year 2020, which ended May 1.

Net sales were $8.448 billion, up from $6.623 billion a year earlier. Net income was $650 million, compared with $385 million a year earlier.

 

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Dollar Tree reported results for the first quarter of its fiscal year 2020, which ended May 2. Net sales were $6.287 billion, up from $5.809 billion a year earlier.

Net income was $248 million, compared with $268 million a year earlier.

 

Macy’s, Inc. reported results for the first quarter of its fiscal year 2020, which ended May 2. Net sales were $3.017 billion, up from $5.504 billion a year earlier.

Net loss was $652 million, compared with a net profit of $136 million a year earlier.

 

Kohl’s reported results for the first quarter of its fiscal year 2020, which ended May 2. Revenue totaled $2.428 billion, up from $4.087 billion a year earlier.

Net loss was $541m, compared with a net profit of $62m a year earlier.

Can Marks & Spencer Group PLC bring spark to shares back after ...

MARKS AND SPENCER GROUP PLC reports results for the 52-week fiscal year ended March 28, 2020. Revenue for the fiscal year was 10.182 billion pounds ($12.8 billion), up from 10.377 billion pounds a year earlier.

Profit after tax was £27.4m, compared with £45.3 million in the previous fiscal year.

Asia’s Nordstrom reported results for the first quarter of its fiscal year 2020, which ended May 2. Revenue totaled $2.119 billion, up from $3.443 billion a year earlier.

Net loss was $521 million, compared with a net profit of $37 million a year earlier.

Ross Stores Inc reported results for the first quarter of its fiscal year 2020, which ended May 2. Revenue totaled $1.843 billion, up from $3.797 billion a year earlier.

Net loss was $306 million, compared with a net profit of $421 million a year earlier.

Carrefour reports sales for the first quarter of 2020. The group’s total sales were 19.445 billion euros (us $21.9 billion), up 7.8% year on year.

Sales in France rose by 4.3% to 9.292 billion euros.

Sales in Europe increased by 6.1% year on year to 5.647 billion euros.

Sales in Latin America were 3.877 billion euros, up 17.1% year on year.

Sales in Asia rose 6.0% year on year to 628 million euros.

U.K. retailer Tesco PLC reports results for the year ending Feb. 29. Revenue totaled 64.76 billion pounds ($80.4 billion), up from 63.911 billion pounds a year earlier.

Full-year operating profit was 2.518 billion pounds, compared with 2.649 billion pounds the year before.

Full-year net profit attributable to parent shareholders was £971 million, compared with £1.27 billion a year earlier.

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Ahold Delhaize reported results for the first quarter of 2020. Net sales were 18.2 billion euros ($20.5 billion), compared with 15.9 billion euros a year earlier.

Net profit was 645 million euros, compared with 435 million euros a year earlier.


Metro Ag reported second-quarter and first-half results for its 2019-20 fiscal year. Second-quarter sales were 6.06 billion euros ($6.75 billion), up from 5.898 billion euros a year earlier. Adjusted EBITDA profit was 133 million euros, compared with 130 million euros a year earlier.

The loss for the period was eur87m, compared with eur41m a year earlier. Sales in the first half were 13.555 billion euros, up from 13.286 billion euros a year earlier. Adjusted EBITDA profit was €659m, compared with €660m a year earlier.

The loss for the period was 121 million euros, compared with a profit of 183 million euros a year earlier.

Consumer electronics retailer ECONOMY AG reported second-quarter and first-half results for its 2019-20 fiscal year. Second-quarter sales were 4.631 billion euros ($5.2 billion), up from 5.015 billion euros a year earlier. An adjusted EBIT loss of 131 million euros, compared with a profit of 26 million euros a year earlier.

Net loss for the quarter was €295m, compared with a net profit of €25m a year earlier.

Sales in the first half were 11.453 billion euros, up from 11.894 billion euros a year earlier. Adjusted EBIT profit was €1.59, up from €295m a year earlier.

The net loss for the first half of the fiscal year was 125 million euros, compared with a net profit of 132 million euros a year earlier.

Suning Released its first-quarter report of 2020, with operating revenue of 57.839 billion yuan (about 8.16 billion U.S. dollars) and merchandise sales of 88.672 billion yuan. Among them, the volume of commodities traded on online open platforms reached 24.168 billion yuan, up 49.05 percent year on year.

The net loss attributable to shareholders of the listed company after deducting non-recurring profit and loss in the first quarter was RMB 500 million, and the loss in the same period in 2019 was RMB 991 million.


Post time: Jul-06-2020