New York - National chains posting quarterly results in the past couple of days are reporting slightly higher sales and earnings compared with last year.
reported sales in its fiscal second quarter, ended July 31, of $103 billion, an increase of 2.8 percent from $100 billion in the second quarter last year.
Income from continuing operations for the quarter increased to $3.6 billion, from $3.5 billion in the second quarter last year.
While on a constant currency basis, consolidated net sales increased 2 percent.
But by segment, Walmart U.S. net sales were flat during the quarter compared with the previous year, at $64.65 billion. Walmart U.S. operating income was down 0.2 percent to $4.88 billion. Comp-store sales without fuel in the U.S. were down 1.8 percent.
operating income for the quarter was $428 million, up 2.4 percent. Comp-store sales, excluding fuel sales, were up 1 percent for the quarter.
reported net earnings of $679 million for the quarter, compared with $594 million in the prior year's quarter.
Net earnings were $679 million, up 14.3 percent from the prior year's $594 million.
Retail segment sales increased 3.8 percent in the second quarter to $15.1 billion -- from $14.6 billion year on year in 2009 -- due to the contribution from new stores combined with a 1.7 percent increase in comp-store sales, Target reported
Retail segment earnings before interest expense and income taxes were $1.1 billion in the second quarter of 2010, an increase of 3.1 percent from $1.06 billion in 2009.
reported net earnings of $832 million for the quarter, a 9.6 percent increase from the same period a year ago. Sales for the quarter increased 3.7 percent to $14.4 billion, up from $13.8 billion in the second quarter of last year.
The Home Depot
reported second-quarter net earnings of $1.2 billion, compared with the prior year's $1.1 billion. Sales for the second quarter totaled $19.4 billion, a 1.8 percent increase from last year's second quarter.
Comp-store sales for the second quarter were up 1.7 percent, and comp sales for U.S. stores were a positive 1 percent.
BJ's Wholesale Club
reported net income for its fiscal second quarter of $35.8 million, up slightly from the prior year's $35.1 million.
Total sales for its second quarter, ended July 31, increased by 8.6 percent to $2.7 billion, and comp-club sales increased by 4.4 percent, including a contribution from sales of gasoline of 1.5 percent. Excluding the impact of gasoline, merchandise comp-club sales increased by 2.9 percent.
In the prior year, comp-club sales decreased 7.7 percent, including a negative impact from sales of gasoline of 10.6 percent. Excluding the impact of fuel sales, merchandise comp-club sales for the second quarter of 2009 increased 2.9 percent.