Financials

Retailers

Walmart Q1 Proves Out Omnichannel Focus

The retailer said quarterly U.S. comps jumped by 10% aided by 74% online sales growth, but outlook hinges on COVID recovery.

Wholesalers & Distributors

UNFI Shares Soar on Business Update

The distributor says third-quarter sales increased by 12% and earnings by 54% as pandemic proves out its strategy.

The discount chain says Q2 comps remain in the mid-teens as core values and assortment are highlighted.

An updated stock registration statement illustrates profound business changes undergone in the past two months—and could help speed Albertsons into public ownership at long last.

Spurred by COVID-19 shopping patterns and its ability to buy and prepackage its own bulk products, Natural Grocers reported robust financial results for its fiscal second quarter.

While reviewing Q1 financials, the retailer says health and sustainability, omnichannel investment and smooth operations are key in a post-pandemic world.

Sales, margins and earnings increased for the North Carolina chain, which leveraged advantages of self-distribution to meet the challenge of unprecedented demand.

COVID-accelerated consumer changes and a pivot in focus toward smaller and more productive stores aimed at health-driven and discovery-minded shoppers points to a profitable future, CEO Jack Sinclair said.

The natural foods retailer said comps remain elevated in April as e-commerce's share explodes; long-term growth targets revealed.

Comps jumped by 12.8% and net income by 86.6% as sales soar in the first weeks of the pandemic.

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