retail news in context, analysis with attitude

• BJ’s Wholesale Club reports that its January sales rose 13 percent to $742.6 million, on same-store sales that were up 8.4 percent.

• Dollar Tree said its fourth quarter sales rose 12 percent to $1.56 billion, with same-store sales up 6.6 percent. Annual sales at the retailer were $5.23 billion, up 13 percent from the prior year, on same-store sales that were up 7.2 percent.

• Burger King said that its second quarter profit was $50.2 million, up from $44.3 million during the same period a year ago. Q2 revenue rose two percent to $645.4 million, on same-store sales that were down two percent.

• Sara Lee Corp. said that its Q2 profit was $371 million, compared to a loss of $17 million during the same period a year ago. Sales for the quarter were flat at $2.9 billion.

• Kellogg Co. reported fourth quarter earnings of $176 million, down from $179 million a year earlier. Q4 revenue fell 1 percent to $2.9 billion.

For the full year, Kellogg’s earnings climbed five percent to $1.21 billion, compared with $1.15 billion in the prior year. Annual sales declined two percent to $12.58 billion.
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