Retail sector continues to report mixed revenue figures


christmas shoppingNEW YORK — More retailers released their quarterly earnings on Thursday bucking the recent downward trend and beating Wall Street expectations.

Walmart, the world’s biggest retailer, beat analyst expectations in the first quarter. U.S. comparable store sales rose 1 percent, topping Wall Street estimates of 0.5 percent. Walmart reported earnings of $0.98 per share on revenue of $115.9 billion. Shares of Walmart rose about 9 percent by midday following the announcement.

Urban Outfitter reported a 3 percent bump in sales in the first quarter. Dick’s Sports Goods beat analyst expectations by reporting revenues of $1.66 billion.

These come in contrast to a slew of retailers, such as JC Penny and Macy’s, have reported lower-than-expected sales or outright losses in the first quarter.

The retail sector appears to be improving as overall sales figures rose 1.3 percent last month. That was the largest gain since March 2015 and was a marked improvement from a 0.3 percent drop one month earlier.

Previous articleCalifornia water department approves groundwater guidelines
Next articleLodi man sentenced for embezzlement and tax evasion
The mission of the Central Valley Business Journal is to be most trusted local source of positive business news in San Joaquin and Stanislaus counties. We provide value to our readers by helping them grow their businesses, grow their careers, and increase their bottom line through a comprehensive set of vehicles, which include print, digital and local events. We strive to provide exceptional customer service to help you grow your business.


  1. It’s quite obvious that a staples retailer selling items we need in everyday life is quite different from a retailer like Macy’s that sells things we can do without or postpone for a while. Selling eggs and milk is a very different business that selling designer jeans or perfume.


Please enter your comment!
Please enter your name here