San Antonio — The Progressive Retailers Organization was at the Westin La Cantera Hill Coun
Redmond, Wash. — Microsoft reported higher revenue, net income and operating income in its fiscal third quarter, ended March 31.
Revenue was up $3 billion to $20.5 billion. Net income was up about $1 billion to $6.05 billion, and operating income was up $1.3 billion to $7.6 billion.
Mountain View, Calif. – Google-owned Motorola Mobile saw its first-quarter sales shrink 54 percent to $1.02 billion compared to the year-ago period and its operating losses grow 124 percent to $271 million, Google’s financial reports show.
The GAAP financial information is based on Google’s report of Motorola’s first-quarter mobile-phone performance and a year-ago financial report on the mobile business issued by Motorola before it was purchased by Google in May 2012.
Espoo, Finland – Nokia sold fewer cellphones in North America in the first quarter compared to the year-ago period, but their dollar volume rose as the company shifted more sales to smartphones from feature phones.
Global consolidated operating profit fell back into the red in the quarter following a fourth-quarter operating profit that had reversed a string of six consecutive quarterly losses.
Issaquah, Wash. — Costco cited CE among its better-performing hardlines categories in March.
Comp-store sales of hardlines rose by the mid-single digits for the five weeks, ended April 7, the retailer reported.
Janney Montgomery Scott analyst David Strasser noted that CE’s resurgence at Costco began last May, differentiating the warehouse club from industry trends.
Costco’s total U.S. comp-store sales increased 6 percent during the period, excluding the impact of lower gasoline prices, and net March sales rose 7 percent to $9.7 billion.
Taoyuan, Taiwan — Revenues at smartphone market HTC continued to decline in March and for the first quarter at double-digit percentage rates following a full-year double-digit decline in fiscal 2012.
The quarter marks the fifth consecutive quarter of double-digit percentage declines in revenue.
For the quarter, sales were off 36.9 percent to NT$42.8 billion ($1.43 billion).
The Woodlands, Texas — Conn's reported major revenue gains for its fiscal fourth quarter and year, and posted net income gains for both periods, ended Jan. 31.
In its fiscal fourth quarter, consolidated revenues grew 10.4 percent from the prior-year period to $250.3 million. Net income for the quarter was $17.7 million, up from the prior year’s $7.7 million.
Same-store sales increased 7 percent year over year, on top of same-store sales growth of 12.1 percent last year, Conn’s reported.
Providence, R.I. — Nortek posted a wider net loss in its fiscal fourth quarter following two consecutive quarters of net profits, but the company nonetheless posted a full-year 2012 net profit following a 2011 net loss.
For the quarter, net sales fell 5.6 percent year over year to $505.4 million but grew for the year by 2.8 percent to $2.2 billion. Nortek is the parent of multiple residential and commercial system brands,
Hoffman Estates, Ill. — Sears Hometown and Outlet Stores, the new Sears Holdings spinoff, ended its first fiscal year on a high note.
Rising gross margins pushed profits up 22.2 percent to $9.7 billion for the three months, ended Feb. 2, while the inclusion of an extra selling week helped boost net sales 6.8 percent to $631.2 million. Excluding the extra week, comp-store sales slipped 0.5 percent.
Issaquah, Wash. — Double-digit growth in membership fees and a one-time tax benefit helped push Costco’s second-quarter earnings up 38.8 percent to $547 million.
Net sales for the three months, ended Feb. 17, rose 8 percent to $24.3 billion and comparable sales at U.S. stores increased 5 percent, excluding the positive impact of higher gasoline prices.
Membership-fee income rose 15 percent to $528 million, and the company enjoyed a $62 million tax benefit related to a 401(k) plan contribution.
Park City, Utah — Skullcandy reported higher sales for its fourth quarter, much of which was attributed to higher sales for its Astro Gaming brand, but its new CEO warned of challenges ahead.
Net sales in the four quarter were $101 million, up 21 percent from $83.5 million in the prior-year period. North America net sales in the fourth quarter increased 12 percent to $82.7 million, driven by increased Astro Gaming sales, while international sales shot up 90.2 percent to $18.3 million.