Federated Sees Q1 Gains

Share this content:
Federated Department Stores Inc.'s sales for its first quarter ended April 30 totaled $3.61 billion, a 2.5 percent gain over the same period last year, the Cincinnati-based retailer reported yesterday.


On a same-store basis, year-to-date sales increased 2.6 percent.


Net income for the quarter totaled $123 million, up 27 percent over last year.


In addition, first-quarter operating income totaled $252 million, or 7 percent of sales. In the year-ago period, operating income reached $217 million, or 6.2 percent of sales.


Also during the first quarter, the company generated $56 million in cash flow from operating activities compared with $73 million in the same period last year.


Chantal Todé covers catalog and retail news and BTB marketing for DM News and DM News.com. To keep up with the latest developments in these areas, subscribe to our daily and weekly e-mail newsletters by visiting www.dmnews.com/newsletters


close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above