Macy’s
Intense focus on tailoring merchandise to local markets helped push the chain to profitability in the first quarter. The department-store operator said Wednesday it posted net income of $23 million, or 5 cents per share, for the period ending May 1. That compares with a loss of $88 million, or 21 cents per share, in the year-ago period. Revenue reached $5.57 billion in the quarter.
Whole Foods
Net income more than doubled in the second quarter on rising sales and fatter profit margins, and the company raised its full-year earnings guidance. The results beat analysts’ forecasts. The grocer said it earned $67.5 million, or 39 cents per share, for the quarter. That’s up sharply from a year ago, as revenue rose more than 13 percent to $2.1 billion.
Cisco Systems
Third-quarter profit topped analysts’ estimates after corporate customers added gear to handle surging video and Internet traffic. Net income rose 63 percent to $2.19 billion, or 37 cents a share, from $1.35 billion, or 23 cents, a year earlier, Cisco said.
