In today’s top retail news, Carter’s reported growth in its retail, wholesale and international business segments, while The Goodyear Tire & Rubber Company reported a rise in sales. Plus, Amazon said its revenues climbed 44 percent to a better-than-expected $108.5 billion for the three months ending on March 31.
Stimulus Checks, eCommerce Lift Carter’s Q1 Results and Full-Year Outlook
Children’s clothing retailer Carter’s said on Friday (April 30) that it experienced growth in each of its retail, wholesale and international business segments, amid stimulus distributions and progress with coronavirus vaccines. The Atlanta-based operator of almost 1,000 retail locations said its sales rose 20 percent to $787 million for the three months concluding April 3.
Goodyear’s Sales Rise Amid Strong Consumer Replacement Business
The Goodyear Tire & Rubber Company reported as part of its financial results that sales increased to $3.5 billion in the first quarter of 2021. The tire firm reported $102 million in first-quarter adjusted net income compared to a $140 million adjusted net loss in 2020. Also, the company reported $226 million in segment operating income in the first quarter of 2021.
Amazon Q1 Profit Triples, but Q2 Sales Growth Rate Could Drop 20 Points
The globe’s biggest online retailer reported record first-quarter sales and profits on Thursday (April 29). Amazon said its revenues increased 44 percent to a better-than-anticipated $108.5 billion for the three months concluding March 31, increasing its net income by more than three times from $2.5 billion a year ago to $8.1 billion.
Hershey on a Roll as Quarterly Sales Hit $2.3 Billion
Hershey’s first-quarter results were sweet music to shareholders’ ears. Consumers’ chocolate cravings amid the coronavirus have meant heightened sales for the firm through the pandemic, as Q1 results exceeded analyst estimates. Consolidated net sales reached $2.3 billion in the first quarter, a rise of 12.7 percent from the same timeframe the previous year.
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