The holidays come late for Macy’s Inc.
By Sarah Very Despite unfavorable weather conditions and stiff competition from online retailers during the holiday season, Macy’s Inc. turned in better-than-expected year-end earnings Tuesday. The Cincinnati, OH-based retailer, which also operates the upscale Bloomingdale’s, said net income sank in the fourth quarter ended Jan. 30 to $544 million, or $1.73 per diluted share, from […]
Hormel ends first quarter on high note
By Alison Martin Hormel Foods Corp.’s shares climbed Tuesday after the food maker turned in stronger than expected fiscal first quarter results. In the quarter ended Jan. 24, the manufacturer of consumer-branded food products reported its net income as $235.1 million or 43 cents per share, up substantially from the year-earlier quarter’s net income of […]