retail news in context, analysis with attitude

• Procter & Gamble said yesterday that its first quarter profit was down one percent to $3.35 billion, compared to $3.31 billion, during the same period a year ago. Q1 sales fell six percent to 19.8 billion.

The Kellogg Co. said that its third quarter earnings were $361 million, up 5.6 percent from $342 million a year earlier. Q3 revenue was down down 0.3 percent to $3.28 billion.

• Fast feeder Burger King said that its Q1 profit was down six percent to $46.6 million, from $49.8 million during the same period a year earlier. Sales for the period were down five percent to $636.9 million.

• Rite Aid said that its October sales fell 1.7 percent to $1.96 billion, on same-store sales that were down 0.5 percent.
KC's View: