Costco's profit boosted by higher membership fees, strong U.S. sales
Warehouse club operator Costco Wholesale Corp reported a better-than-expected quarterly profit on Thursday, helped by higher membership fees and strong sales in the United States.
MILAN Italian luxury group Tod's (TOD.MI) said on Tuesday its results would improve this year despite posting a 10.7 percent fall in 2016 full-year core profits due to falling sales in leather goods and accessories.
Earnings before interest, tax, depreciation and amortization (EBITDA) last year came in at 180.9 million euros, slightly above an analyst estimate of 179 million euros.
The Italian group said the EBITDA margin was 18 percent, down from 22.7 percent a year earlier.
The group, known for its Gommino loafers, proposed a dividend of 1.70 euros per share on 2016 results, down from the 2 euros paid the previous year.
"We remain highly focused on organic growth... and we are confident that we will reach an improvement of results starting from this year," Chairman and Chief Executive Diego della Valle said in a statement.
(Reporting by Giulia Segreti)
GameStop Corp, the world's largest retailer of videogames and gaming consoles, reported better-than-expected quarterly results on Thursday, but left its full-year earnings forecast unchanged, sending shares down 6 percent in extended trading.
CHICAGO Best Buy Co Inc reported an unexpected rise in first-quarter comparable sales and the No. 1 U.S. electronics retailer said it planned to save $600 million in costs by the end of fiscal 2021, sending shares to an all-time high on Thursday.