earnings

Supervalu loses money in 3Q, cuts outlook for year

MINNEAPOLIS (AP) — Supervalu Inc. says it lost money in its fiscal third quarter as the grocer dealt with hefty charges and promotions that were less effective than hoped. The operator of Albertsons, Jewel-Osco and other chains also cut its full-year earnings outlook. Its stock …

Sears expects 4Q, full-year earnings to top Street

HOFFMAN ESTATES, Ill. (AP) — Sears Holdings Corp. expects its fourth-quarter and full-year adjusted earnings to top Wall Street’s expectations. The Edward Lampert-led company, which runs its namesake stores as well as Kmart locations, predicted on Tuesday that earnings for the year ending Jan. 29 …

Walgreen 1Q profit jumps 19 percent

NEW YORK (AP) — Walgreen Co. said Wednesday that its net income jumped 19 percent in the fiscal first quarter as thousands of newly renovated stores and more successful promotions boosted sales at the largest drugstore operator in the U.S. Over the past few years, …

McRib boosts McDonald’s November sales

NEW YORK (AP) — McDonald’s Corp. says a key sales figure rose 4.8 percent in November, helped in the U.S. by the popularity of the limited-time McRib sandwich. The world’s largest burger chain also said Wednesday weaker foreign currencies will hurt its fourth-quarter earnings by …

Heinz 2Q net income rises on overseas growth

NEW YORK - H.J. Heinz Co.'s second-quarter net income rose 9 percent, helped by growth in overseas markets such as Latin America, more demand for its ketchup and price increases. The maker of Classico pasta sauce and Ore-Ida potatoes said Friday that net income rose …

Higher prices help Tyson Foods return to 4Q profit

SPRINGDALE, Ark. - Tyson Foods Inc. has returned to a fourth-quarter profit, partly helped by higher prices and increasing sales of pork and prepared foods. The improvement is a sign that the meat producer, based in Springdale, Ark., is getting past an industrywide downturn brought …

Toll Brothers posts profit for 4Q on tax benefit

HORSHAM, Pa. - Toll Brothers Inc. posted a surprise fiscal fourth-quarter profit on Thursday, helped by a large tax benefit. But revenue slipped and signed contracts declined 27 percent amid a weak housing market. The nation's largest builder of luxury homes reported net income of …

Grocer Kroger rings up 3Q profit

CINCINNATI - Kroger Co. rang up better sales and returned to third-quarter profitability behind a focus on building customer loyalty in a rough economy, but the nation's largest traditional grocery operator says shoppers remain cautious. The Cincinnati-based grocer reported Thursday that net income was $202.2 …

Sears Holdings loss widens in 3rd quarter

NEW YORK - Sears Holdings Corp.'s third-quarter loss widened more than expected, dragged down by continued weak revenue at its long-suffering Sears chain. Business at its Kmart stores held up better, but they still saw a key revenue measure edge downward. The discount chain is …

MasterCard posts 2Q profit jump of 15 percent

NEW YORK - MasterCard Inc. on Tuesday said increased use of credit and debit cards overseas helped lift its third-quarter profit by 15 percent. The payments processor recorded a net income of $518 million, or $3.94 per share for the three months ended Sept. 30, …

Weak cereal sales dampen Kellogg's 3Q results

BATTLE CREEK, Mich. - Kellogg Co.'s third-quarter net income fell 6 percent as cereal sales softened, competition intensified and the effects of a cereal recall lingered. The world's largest cereal maker had warned investors it would be a weak quarter and lowered its guidance twice …

Comcast drives growth with pricier bundles

NEW YORK - Comcast Corp., the country's biggest cable TV company, continues to generate more money by attracting customers to pricier bundles of TV, Internet and phone service - even as a sluggish economy hampers efforts to sign up new subscribers. Comcast released third-quarter results …

Sprint Nextel posts first revenue gain in years

NEW YORK - Sprint Nextel Corp. on Wednesday reported its first quarterly revenue increase in three years, as improvements in Sprint-branded and prepaid service offset the continued flight of subscribers from the Nextel network. But its net loss widened compared with a year ago, when …

Allstate's profit surges as investments improve

Property and casualty insurer Allstate Corp. said Wednesday that its net income surged 66 percent in the third quarter as investment losses eased. The performance nevertheless missed Wall Street expectations and the Northbrook-based company's stock slipped in after-hours trading. For the three months ended Sept. …

Motorola posts 3Q sales jump, first since 2006

NEW YORK - Motorola Inc. on Thursday posted its first year-over-year quarterly sales rise since 2006, when its Razr phone was still cutting-edge technology. The company's phone division reported an operating profit for the first time in three years. It hadn't expected that to happen …