Sep 24, 2020
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Talbots Ditches Granny Duds, Makes Money

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Retailer Talbots swung to a profit in its fiscal fourth quarter posting earnings of $4. 09 million or $0. 07 per share Tuesday versus a loss of $361. 5 million or $6. 75 per share in the same quarter last year. Overall sales dipped 3. 7% to $315. 9 million on same-store sales down $7. 2%. Talbots said it truly is seeking sales to grow 4%-5% in its first quarter

 

Industrial fastener supplier Fastenal posted a 15% increase in first-quarter profits Tuesday. The company earned $56 million or $0. 38 per share versus $48. 7 million or $0. 33 per share in the same quarter last year. Sales were up 6. 4% to $520. 8 million. Fastenal said it opened 29 new stores in the first quarter compared with 33 in the same quarter last year and that it hopes to resume its historical rate of openings of 7%-10% by the second one 1/2 2010

 

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