Darden Posts 2Q Same-Store Sales Gain
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Red Lobster may be back in the pink. Darden Restaurants Inc., boosted by a long-in-coming sales improvement at its struggling seafood chain, on Thursday handily beat Wall Street&#39;s forecasts for fiscal second-quarter earnings.
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The online retailer announced Tuesday that its second-quarter net income increased more than threefold, with revenue up 35 percent.
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The biotechnology company earned $186.1 million during the second quarter, citing strong sales of two drugs.
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Circuit City Stores Inc. CC.N on  Tuesday reported a 2.9 percent gain in quarterly same-store  sales but its growth lagged estimates due to a calendar shift  and reduced spending through August.
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WASHINGTON - US retail sales over the Internet rose 0.9 percent in the second quarter of 2004 and gained 23.1 percent compared with the same period last year as consumers continued to turn to e-commerce to make purchases, a government report showed on
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Upscale apparel and shoe retailer Nordstrom Inc. said Thursday second-quarter earnings rose 62 percent over last year, but the stock fell more than 6 percent in after-hours trading after it missed analysts&#39; estimates.
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Circuit City Stores Inc. onTuesday reported a 2.9 percent gain in quarterly same-store sales, but its growth lagged estimates due to a calendar shift and reduced spending through August.
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Talbots, the clothing retailer, said yesterday that second-quarter profit rose 4.8 percent as sales increased and the company benefited from the resolution of an income tax issue.
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Second-quarter earnings rose 62% at Nordstrom (JWN:NYSE - commentary - research) as the fashion specialty retailer continued to improve inventory management and cost controls.
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Circuit City Stores Inc. reported a gain of 2.9 percent in quarterly same-store sales Tuesday, but growth lagged estimates due to a calendar shift and reduced spending in August.
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U.S. retail sales over the Internet  rose 0.9 percent in the second quarter of 2004 and gained 23.1  percent compared with the same period last year as consumers  continued to turn to e-commerce to make purchases, a government  report showed on Friday.
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The retailer posts modest gains in total sales and comps.
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Target Corp. , the No. 2 U.S. discount retailer, on Thursday posted a higher quarterly profit, boosted by stronger sales and gains from the sale of its Mervyn's department store chain.
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U.S. chain store sales rose in the  second week of September, supported by strong results at  discount stores, a report said on Tuesday.
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Darden Restaurants Inc.   said on Tuesday that quarterly earnings rose 3.5 percent as  strength at its Italian-theme Olive Garden chain offset weaker  results at the company's Red Lobster seafood restaurants.
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Best Buy Co. Inc.'s second-quarter results will show a 13 percent increase in revenue and 4.3 percent growth in same-store sales, the nation's largest consumer electronics retailer said Thursday.
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Auto parts maker Johnson Controls Inc.  JCI.N on Tuesday said quarterly net earnings rose 2 percent,  supported by increases in battery sales and its  building-controls business.