• Supervalu reported yesterday that its Q1 profit was $148 million, up dramatically from the $87 million generated during the same period a year ago. Sales for the period more than doubled to $13.3 billion.
The strong performance was attributed to the company’s acquisition of many of Albertsons’ assets a year ago.
• McDonald’s declared a second quarter loss of $711.1 million yesterday, down from a Q2 profit of $834.1 million during the same period a year ago, and only the second-ever loss in the company’s history. Q2 revenue climbed 12 percent to $6 billion, from $5.36 billion a year ago.
• PepsiCo said that its second quarter profit was up 13 percent to $1.56 billion, from $1.38 billion a year earlier. Revenue rose 10 percent to $9.6 billion from $8.71 billion last year.
• Amazon.com, based largely on its sales of the final Harry Potter novel, said yesterday that its second quarter net income more than tripled to $78 million compared to the same period a year ago, as Q2 sales rose by 35 percent to $2.89 billion.
The strong performance was attributed to the company’s acquisition of many of Albertsons’ assets a year ago.
• McDonald’s declared a second quarter loss of $711.1 million yesterday, down from a Q2 profit of $834.1 million during the same period a year ago, and only the second-ever loss in the company’s history. Q2 revenue climbed 12 percent to $6 billion, from $5.36 billion a year ago.
• PepsiCo said that its second quarter profit was up 13 percent to $1.56 billion, from $1.38 billion a year earlier. Revenue rose 10 percent to $9.6 billion from $8.71 billion last year.
• Amazon.com, based largely on its sales of the final Harry Potter novel, said yesterday that its second quarter net income more than tripled to $78 million compared to the same period a year ago, as Q2 sales rose by 35 percent to $2.89 billion.
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