Sales were down 1.4% in the first quarter of 2017, their biggest decline since early 2010.
GameStop’s (NYSE: GME) stock dropped slightly following the release of the company’s fourth quarter and fiscal 2016 results, and an announcement that it would be closing some of its outlets. For the quarter, which ended Jan. 28, the video game retailer posted revenue of $3.05 billion, 14% less than it brought in during the same period the previous year.
While most people think of Pitney Bowes (NYSE: PBI) as the company that makes postage machines (and those still provide the bulk of the company’s revenue), it also supplies products and services to meet other shipping needs. At the 2017 ShopTalk conference in Las Vegas, the company released a new global shipping/sales platform.
In many ways, Oracle’s (NYSE: ORCL) recent fiscal 2017 third-quarter earnings report, released Wednesday after the close, went as expected. Total revenue climbed a modest 2% to $9.2 billion, slightly below the consensus estimate of $9.25 billion. However, thanks to yet another quarter of strong, high-margin cloud-related revenue, its $0.69 per share earnings (excluding one-time costs) handily beat the $0.62 per share the analysts had forecast.
In a period when most brick-and-mortar retailers have been struggling, Dollar General (NYSE: DG) has generally managed to hold its own. On Thursday, the discount chain reported that its fourth-quarter earnings increased by 13.7%, largely due to the addition of new stores, while same-store sales rose 1%.
At this time last year, Staples (NASDAQ: SPLS) was banking on a merger with Office Depot (NASDAQ: ODP) to right its ship. By June, of course, the deal was dead — sunk by antitrust concerns. And today, it’s clear Staples has yet to find a new answer to its troubles.
Barnes & Noble’s (NYSE: BKS) descent continued in the third quarter of its fiscal 2017 as its sales fell once again. The bookseller reported in its earnings release that total sales fell 8% year-over-year, while same-store sales dropped 8.3% for the quarter, which ended Jan.
The Best Buy (NYSE: BBY) comeback continued through the end of its fiscal 2017, with the consumer electronics chain posting higher earnings, albeit on lower overall sales. That doesn’t mean there were no bumps in the road, however; the company also saw comparable-store sales drop in Q4.
Clearly, the Noid has been defeated. Domino’s (NYSE: DPZ) continues to deliver results that defy the market conditions dragging down sales in much of the restaurant industry. The company posted comparable-store sales gains in both the United States and globally in the fourth quarter, its 23rd straight quarter of domestic same-store growth and its 92nd quarter in a row growing internationally.
Target’s (NYSE: TGT) comparable-store sales and earnings fell during a challenging fourth quarter for the company. The discount retailer saw its earnings per share drop to $1.46 in Q4 and $4.58 for all of 2016, compared with $2.31 and $5.25 in 2015.