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Tag Archives: financials

Quarterly Earnings Up for Big Boxes, Ace

Rise

The Home Depot, Lowe’s and Ace Hardware each recently released their quarterly earnings reports for the second quarter of 2016, and all three showed sales growth. Ace Hardware Corp. reported both revenue and net income growth, posting the second highest net income …

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Lowe’s Q2 Earnings Show Growth

Lowe's

Lowe’s on Aug. 17 reported earnings and sales growth for the second quarter of 2016. The company’s net earnings rose 3.7 percent above the same period a year ago, reaching $1.2 billion for the quarter that ended July 29. Sales …

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Ace Hardware Reports Income Growth in Q2

Ace Hardware

Ace Hardware Corp. today reported both revenue and net income growth for the second quarter of 2016. The home improvement co-op’s second-quarter 2016 revenues were $1.4 billion, a 0.6 percent increase from the second quarter of 2015.  Net income for the period was …

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Home Depot Reports Strong Quarterly Sales

Home Depot

The Home Depot hit record-high sales and net earnings in the second quarter of 2016. The big box’s total second-quarter sales were $25.5 billion, a 6.6 percent increase from the second quarter of 2015, the company reported Aug. 16. Comparable sales …

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True Value Reports Growing Sales in Q2

sales

This week, True Value Company announced its second quarter results for fiscal 2016, with gross billings of $585.1 million, up 2 percent or $11.4 million from the same period a year ago. The company also reported revenue of $438.7 million, …

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Do it Best Surpasses $3 Billion in Sales

sales

Do it Best Corp. recently announced it surpassed $3 billion in total sales for its 2016 fiscal year. Sales for the year, which ended June 25, totaled $3.02 billion, up from $2.99 billion for fiscal year 2015, according to the Fort …

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Banks Pushing to Increase Debit Card Swipe Fees

swipe fees

Banks are pushing to change a cap on debit card swipe fees that the Federal Reserve implemented in 2011. However, 89 percent of consumers believe the “swipe fee limits should not be undone,” according to a survey by the National Retail Federation. Additionally, 84 percent of …

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Walmart Canada to Stop Accepting Visa Credit Cards

Walmart Canada

Walmart and Visa’s conflict over credit cards has gotten bigger. Starting July 18, Walmart Canada will begin to phase out Visa as a credit card its retail stores accept, according to the company. A U.S. lawsuit Walmart filed against Visa this …

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