Dollar General’s Q4 results fall below expectations

The discounter blamed the disappointing preliminary numbers on lower-than-expected sales and higher-than-expected inventory damages, coupled with a major winter storm.


5 things grocers need to know about Walmart’s Q4 earnings

“Caution” and “uncertainty” were the themes of the retail giant’s latest earnings report, potentially providing a bellwether for the rest of the industry.

The retail giant said it continues to grow share in grocery, with food sales up in the “high teens” during the fourth quarter and a significant uptick in private-label purchases.

The Dutch operator of Food Lion and Hannaford reported a same-store sales increase of 9.3% during the fourth quarter.

Meal kit provider says proceeds could better position it to pursue a “potential business combination or other strategic transaction.”

CEO Andy Jassy: “If you want to have a mass physical-store offering, you need a different offering. And that’s what we’ve been working on with Amazon Fresh.”

Sales are up slightly at the 166-unit, health-focused grocer, largely because of inflation, while store visits declined during the quarter.

CEO Andy Jassy says company making progress “in reducing our cost to serve in the operations part of our Stores business.”

E-commerce sales decline for third consecutive month, but analyst notes strong growth on three-year stack.

Net sales totaled $1.49 billion for the regional grocer, which operates nearly 200 stores in the southeast.

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