Target Corporation Reports First Quarter Earnings
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First quarter comparable sales grew 22.9 percent, on top of 10.8 percent growth last year.
Store comparable sales increased 18.0 percent, on top of 0.9 percent growth last year. Digital comparable sales grew 50 percent, on top of 141 percent growth a year ago.
Same-day services (Order Pickup, Drive Up and Shipt) grew more than 90 percent, led by growth in Drive Up of 123 percent.
More than 95 percent of Target s first quarter sales were fulfilled by its stores.
The Company gained more than $1 billion in market share in the first quarter, on top of a $1 billion share gain in first quarter 2020.
NEW YORK (AP) Casper Sleep Inc. (CSPR) on Thursday reported a loss of $21.2 million in its first quarter. The New York-based company said it had a loss of 52 cents per share. The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss […]
Quarterly Results
Earnings per share increased 55.56% year over year to ($0.52), which beat the estimate of ($0.55).
Revenue of $127,678,000 rose by 12.95% from the same period last year, which beat the estimate of $124,500,000.
Guidance
Conference Call Details
Time: 08:00 AM
20% YoY Growth in North America Revenue, Including 54% YoY Growth in Retail Partnership Channel
Company Raises Full Year 2021 Financial Outlook to Reflect Favorable Business Trends
Casper Sleep Inc. (“Casper” or the “Company”) (NYSE: CSPR) today announced financial results for the quarter ended March 31, 2021 (the “first quarter 2021” or “first quarter”).
First Quarter 2021 Financial Highlights (as compared to the quarter ended March 31, 2020)
North America revenue increased 20.0% to a first quarter record of $127.7 million;
North America Direct-to-Consumer revenue, inclusive of Casper’s 70 retail stores and e-commerce channel, increased 11.1% to $93.2 million;
North America Retail Partnership revenue increased 53.7% to $34.4 million;
Gross Profit increased $13.7 million or 25.9% to $66.7 million with gross margin of 52.2%, up 540 basis points;
Mattress Market May Set a New Epic Growth Story | Casper Sleep, Relyon Limited, Southerland, Saatva
iCrowd Newswire
02 May 2021, 08:37 GMT+10
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