CNBC's Courtney Reagan reports on consumer spending and the disappointing holiday sales numbers thus far.
NEWS: Dollar General's fiscal third-quarter net income climbed 14 percent as traffic improved and shoppers spent more per transaction on average. The discounter also lifted the low end of its full-year adjusted earnings forecast and boosted its stock repurchase authorization by $1 billion.
Dec 5- Kroger Co, the biggest U.S. supermarket operator, on Thursday posted a lower third-quarter profit that matched Wall Street's view, as it continued to appeal to loyal shoppers with competitive prices.
*Extends shareholder agreement with TD Ameritrade to 2021. TORONTO, Dec 5- Toronto-Dominion Bank, Canada's second-biggest bank, said on Thursday its quarterly profit rose 1.6 percent, missing expectations, and it announced a 2- for-1 stock split.
Dec 5- Farm equipment retailer Titan Machinery Inc's quarterly profit more than halved and the company cut its full-year revenue and profit forecasts as equipment sales and margins decline. Titan Machinery's shares fell 11 percent before the bell, after the company said it expected a full-year profit of between $0.55 and $0.75 per share.
Some of the names on the move ahead of the open.
TORONTO, Dec 5- Toronto-Dominion Bank, Canada's second-biggest bank, said on Thursday that its quarterly profit rose 1.6 percent, missing expectations, and it announced a 2- for-1 stock split. Eastern Seaboard, earned C $1.62 billion, or C $1.68 a share, in the fourth quarter ended Oct. 31.
TORONTO, Dec 5- Royal Bank of Canada, the country's largest bank, said on Thursday that its quarterly profit rose 11 percent and that Chief Executive Officer Gordon Nixon would step down next summer after 13 years in his position.
Dec 5- Suit and tuxedo retailer Jos. A. Bank Clothiers Inc, the target of a takeover offer from bigger rival Men's Wearhouse Inc, reported a 2 percent rise in quarterly profit as new promotions boosted total sales. Men's Wearhouse last month bid $1.5 billion for the company after Jos. A. Bank withdrew an offer to buy Men's Wearhouse.
TORONTO, Dec 5- Royal Bank of Canada, the country's largest bank, said on Thursday that its quarterly profit rose 11 percent, driven by stronger retail banking and capital markets income. RBC earned C $2.1 billion, or C $1.40 a share, in the fourth quarter ended Oct. 31. That compared with a profit of C $1.9 billion, or C $1.25 a share, in the year-before period.
TORONTO, Dec 5- Canadian Imperial Bank of Commerce said on Thursday that its quarterly profit slipped 1.9 percent after one-time charges offset a rise in retail and wealth management income. The bank, Canada's fifth-largest, earned C $836 million, or C $2.05 a share, in the fourth quarter ended Oct. 31, compared with C $852 million, or C $2.02 a share, a year earlier.
Miles Roberts, CEO of DS Smith, says business conditions in Europe will remain difficult.
DETAILS: The company, which is based in Columbus, Ohio, operates Bob Evans restaurants and owns BEF Foods, which produces pork sausages, refrigerated side dishes and frozen convenience food. NUMBERS: Net income fell to $6.1 million, or 23 cents per share, in the three months ending Oct. 25.
NEWS: Christopher& Banks Corp. shares jumped Wednesday after the women's clothing company reported that its fiscal third-quarter profit more than doubled. NUMBERS: Net income rose to $8.6 million, or 23 cents per share, for the quarter that ended Nov. 2, from $3.6 million, or 10 cents per share, in its third quarter last year.
Daniel Lieberman, Cory Vines CEO, discusses his company's business model and how they have capitalized on Lululemon's mistakes.
Rick Snyder, Maxim Group senior retail analyst, discusses the struggles for JC Penney, and what can be done to turn the department store around. "The JCP recovery cannot happen" without increased traffic, Snyder adds.
NEWS: G-III Apparel's fiscal third-quarter net income climbed 23 percent, benefiting from strong results from its specialty retail and wholesale businesses. G-III Apparel Group Ltd. sells clothing and accessories under brands such as Marc New York. NUMBERS: For the three months ended Oct. 31, G-III Apparel earned $59.4 million, or $2.85 per share.
JEFFERSON CITY, Mo.-- Missouri budget officials say the state's tax revenues have increased 2.2 percent through the first five months of the current fiscal year. The Office of Administration reported Tuesday that net general revenue totaled $3.11 billion from July 1 through the end of November, compared with $3.04 billion in the same period a year earlier.
It lowered its full-year earnings forecast and provided a fourth-quarter earnings outlook below Wall Street's view. Chairman and CEO Michael Weiss said in a statement that Express planned for a promotional holiday season but it anticipates promotions getting more intense.
Some of the names on the move ahead of the open.