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.
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.
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.
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
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.
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.
for the second quarter were up 1.7 percent, and comp sales for U.S. stores were
a positive 1 percent.
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.