
Melissa Repko
Retail Reporter at CNBC
Retail reporter @CNBC. I post here rarely, so find me on LinkedIn or reach me at [email protected].
Articles
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3 days ago |
nbcnews.com | Melissa Repko
Shares of Dollar General jumped nearly 16% on Tuesday after the discounter raised its outlook, saying it drew more middle- and higher-income shoppers amid fears that higher tariffs would hurt consumer spending. The Tennessee-based retailer beat quarterly expectations for revenue and earnings. The company said it now anticipates net sales will grow about 3.7% to 4.7%, compared to its previous expectation of about 3.4% to 4.4%.
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3 days ago |
cnbc.com | Melissa Repko
The Dollar General discount store logo is displayed on a truck in Austin, Texas, Aug. 30, 2024. Brandon Bell | Getty ImagesShares of Dollar General jumped more than 15% on Tuesday as the discounter raised its outlook despite fears that higher tariffs will hurt consumer spending, as more middle- and higher-income shoppers sought deals. The Tennessee-based retailer beat quarterly expectations for revenue and earnings.
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1 week ago |
cnbc.com | Melissa Repko
The sign on the side of a Costco is seen in Hawthorne, California, on April 4, 2025. Jay L Clendenin | Getty ImagesCostco on Thursday posted quarterly earnings and revenue that topped estimates as the wholesaler's sales climbed 8%. Here's how the warehouse club retailer did in its fiscal third quarter compared what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $4.28 vs. $4.24 expectedRevenue: $63.21 billion vs.
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1 week ago |
cnbc.com | Melissa Repko
Logo of Best Buy displayed outside a Best Buy store in Edmonton, Alberta, Canada, on March 22, 2025. Artur Widak | Nurphoto | Getty ImagesBest Buy on Thursday missed quarterly revenue expectations and cut its full-year sales and profit guidance as higher tariffs increase the costs of many consumer electronics that it sells. For its fiscal 2026, the retailer said it now expects $41.1 billion to $41.9 billion of revenue, down from its previous range of $41.4 billion to $42.2 billion.
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1 week ago |
telemundochicago.com | Melissa Repko
Macy's recortó el miércoles sus previsiones de beneficios para todo el año a pesar de que superó las expectativas de ganancias trimestrales de Wall Street, ya que el consejero delegado del minorista dijo que subirá los precios de ciertos artículos para compensar los aranceles. En un comunicado de prensa, el operador de grandes almacenes dijo que redujo sus perspectivas de ganancias debido al aumento de los aranceles, más promociones y "cierta moderación" en el gasto discrecional.
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