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Costco Sales Rise 5.8%, Driven by Fresh Food and Non-Food Categories
PYMNTS.com· 2025-07-11 18:22
Core Insights - Costco's total comparable sales increased by 5.8% in June, driven by strong demand for fresh foods and non-food categories such as jewelry, major appliances, and gift cards [1] - The retailer's net sales rose by 8.0% to reach $26.44 billion during the retail month of June [3] Sales Performance by Region - In the United States, sales increased by 4.7%, while in Canada, sales rose by 6.7%, and in other international markets, sales grew by 10.9% [2] eCommerce Growth - Costco's eCommerce sales experienced an increase of 11.5% for the month [2] Sales by Category - Comparable sales in June showed high-single-digit growth in fresh foods, mid- to high-single-digit growth in non-foods, and mid-single-digit growth in June foods and sundries [4] - The ancillary business sales declined by low-single digits, and gas sales decreased by mid- to high-single digits [5] Consumer Behavior Trends - High-income consumers are increasingly seeking value, with affluent members trading down to private-label goods and lower-cost proteins [6] Delivery Enhancements - Costco partnered with Instacart to enhance delivery options, including Priority Delivery for faster service and No-Rush Delivery for scheduled orders [7]
Results for the year ended 31 March 2025
Globenewswire· 2025-06-12 06:00
PayPoint PlcResults for the year ended 31 March 2025 Further progress towards £100m EBITDA by end of FY26 New targets established for the Group for the next three years, including share buyback programme increased and extended to at least £30 million per annum till the end of FY28 GROUP FINANCIAL HIGHLIGHTS Underlying EBITDA1 of £90.0 million (FY24: £81.3 million) increased by £8.7 million (10.7%)Underlying profit before tax2 of £68.0 million (FY24: £61.7 million) increased by £6.3 million (10.2%)Net corpor ...
Make Father's Day Extra Special with Kroger
Prnewswire· 2025-06-05 17:50
Core Insights - Kroger is promoting various ways for customers to celebrate Father's Day, emphasizing acts of kindness and thoughtful gifts for dads [2][3] Group 1: Father's Day Promotions - Kroger encourages customers to surprise dads with special treats and experiences leading up to Father's Day, highlighting the importance of appreciation beyond just one day [2] - The company offers a range of ideas including grilling meals, gifting donuts, and providing gourmet hot sauce and beverages [6] - Customers can find inspiration for Father's Day gifts and recipes on Kroger's blog, The Fresh Lane, which features various grilling recipes and party essentials [3][6] Group 2: Pricing and Offers - Kroger is implementing lower prices on over 1,000 items in-store, alongside everyday low prices and more than $600 in digital coupons available weekly [3] - The company promotes its Fresh & Quality Guarantees, ensuring customers do not have to compromise on quality for lower prices [3] Group 3: Company Overview - Kroger operates with a mission to "Feed the Human Spirit," serving over 11 million customers daily through various retail food stores and e-commerce [4] - The company employs more than 400,000 associates and is committed to creating communities with ZeroHungerZeroWaste [4]
CaringBridge and DoorDash Partner for Two-Day Fundraising Match to Support Family Caregivers
Prnewswire· 2025-06-05 13:32
BLOOMINGTON, Minn. and SAN FRANCISCO, June 5, 2025 /PRNewswire/ -- CaringBridge, the nonprofit health communication platform, is partnering with DoorDash, the local commerce platform that connects people with their favorite businesses, to launch a special two-day fundraising match campaign on June 5th and 6th. During this time, DoorDash will match all donations made on www.caringbridge.org, up to $25,000. This campaign builds on DoorDash's ongoing support of CaringBridge and family caregivers. Through a par ...
Costco Wholesale (COST) 2025 Update / Briefing Transcript
2025-06-04 21:02
Company and Industry Summary Company Overview - The company reported net sales of **$20.97 billion** for the month, representing an increase of **6.8%** from **$19.64 billion** in the same period last year [3] Sales Performance - Comparable sales results for the month were as follows: - **U.S.**: **4.1%** - **Canada**: **3.3%** - **Other International**: **6.6%** - **Total Company**: **4.3%** - **E-commerce**: **11.6%** [3] - When excluding impacts from changes in gasoline prices and foreign exchange, comparable sales were: - **U.S.**: **5.5%** - **Canada**: **6.3%** - **Other International**: **8.4%** - **Total Company**: **6%** - **E-commerce**: **12%** [4] Traffic and Transaction Insights - Comparable traffic or frequency increased by **3.4%** worldwide and **2.8%** in the U.S. [4] - The average worldwide selling price per gallon of gas decreased by approximately **10.4%** year-over-year [5] - Average transaction value increased by **0.9%**, and when excluding gas deflation and foreign exchange, it was up **2.5%** [5] Regional Performance - Strongest comparable sales in the U.S. were observed in the **Northwest**, **Midwest**, and **Los Angeles** regions [6] - Internationally, the best results were in **Mexico**, **Taiwan**, and **Korea** [6] Merchandising Highlights - Foods and sundries showed positive mid to high single-digit growth, with strong performance in: - **Cooler** - **Candy** - **Frozen Foods** - Fresh foods increased by high single digits, particularly in: - **Meat** - **Bakery** - Non-foods also performed well with mid single-digit growth, especially in: - **Jewelry** - **Majors** - **Gift Cards** - Ancillary business sales declined by low to mid single digits, while pharmacy, optical, and hearing aid departments were top performers [7][8] Challenges and Risks - The negative impact of foreign currencies on total and comparable sales was approximately: - **Canada**: **-1.6%** - **Other International**: **-1.0%** - **Total Company**: **-0.4%** [5] - Gas price deflation negatively impacted total reported comparable sales by approximately **-1.3%** [5] - The negative impact of cannibalization was approximately **-70 basis points** for the company in May [6] Future Outlook - The upcoming June reporting period will include five weeks, starting from June 2 and ending July 6, compared to the previous year's five weeks from June 3 to July 7 [8]
A Smarter Way to Pay: Giftify’s CardCash Launches Buy Now, Pay Later with ZIP
Globenewswire· 2025-05-28 12:30
Core Viewpoint - Giftify, Inc. has launched a Buy Now, Pay Later (BNPL) payment option for CardCash.com through a partnership with Zip Co, enhancing customer accessibility and flexibility in gift card purchases [1][2][3] Group 1: Company Overview - Giftify, Inc. operates CardCash.com and Restaurant.com, focusing on the incentives and rewards industry [1][9] - CardCash.com is a leading secondary gift card exchange platform, allowing consumers to buy and sell gift cards [10] Group 2: BNPL Integration - The BNPL option allows customers to split gift card purchases into easy payments at checkout, making it more accessible for shoppers [1][4] - This payment model is particularly appealing to Millennials and Gen Z consumers, who prefer alternatives to traditional credit [2] - The integration aims to help customers manage cash flow while maximizing savings during financial constraints [2][3] Group 3: Strategic Goals - The partnership with Zip aligns with Giftify's strategic vision to expand payment options and enhance customer experience [3] - By offering BNPL, the company aims to strengthen its position in the gift card marketplace and better serve its customers [3][5] Group 4: Customer Benefits - CardCash users can save up to 35% on everyday brands, and the new payment option further enhances the value proposition [5] - The BNPL integration is designed to empower customers to access discounts while enjoying the flexibility to pay over time [4][5]
GEN Restaurant (GENK) - 2025 Q1 - Earnings Call Transcript
2025-05-13 22:00
GEN Restaurant Group (GENK) Q1 2025 Earnings Call May 13, 2025 05:00 PM ET Speaker0 Please also note today's event is being recorded. At this time, I would like to turn the floor over to Tom Kearl, the company's Chief Financial Officer. Sir, you may begin. Speaker1 Thank you, operator, and good afternoon. By now, everyone should have access to our first quarter twenty twenty five earnings release. If not, it can be found at www.jenkoreanbbq.com in the Investor Relations section. Before we begin our formal r ...
Giftify, Inc.'s CardCash Platform Offers Relief on Grocery Bills as Egg Prices Soar in 2025
Newsfilter· 2025-03-18 12:30
Core Insights - Giftify, Inc. is leveraging its gift card marketplace to help consumers manage rising food costs, particularly due to record-high egg prices and inflation in the grocery and restaurant sectors [1][2][4] Group 1: Company Overview - Giftify, Inc. operates CardCash.com and Restaurant.com, focusing on the incentives and rewards industry [6] - CardCash.com is a leading secondary gift card exchange platform, allowing consumers to buy and sell gift cards [6] - Restaurant.com is the largest restaurant-focused digital deals brand in the U.S., offering thousands of dining, retail, and entertainment deals [6] Group 2: Market Conditions - The average price for a dozen eggs reached $4.95 in January, with forecasts predicting a 41% increase this year due to supply chain disruptions from a bird flu outbreak [3] - The bird flu led to the culling of 18.8 million hens in January, significantly impacting egg supply and prices [3] - Rising food costs are also attributed to increased tariffs, labor shortages, and transportation costs, creating a challenging environment for consumers [4] Group 3: Consumer Solutions - Discounted gift cards provide immediate savings for consumers on groceries and dining, helping to offset rising prices [2][5] - CardCash.com offers discounts at major grocery retailers like Giant Foods, Kroger, and Trader Joe's, as well as popular restaurants such as IHOP and Olive Garden [4] - The platform aims to alleviate financial strain on households by providing practical tools for cost reduction during periods of food inflation [5]
Giftify, Inc. Reports Surge in Pharmacy Retailer Gift Card Demand Following GLP-1 Medication Savings Initiative
Globenewswire· 2025-03-12 12:30
Record Inventory Increase Meets Growing Consumer Demand for Healthcare Cost-Saving Solutions Surge Driven by Ozempic and Zepbound Prescription Savings Opportunities Combined with Seasonal Health Product Purchases SCHAUMBURG, IL, March 12, 2025 (GLOBE NEWSWIRE) -- Giftify, Inc. (NASDAQ: GIFT) (the "Company"), the owner and operator of CardCash.com and Restaurant.com, and a leader in the incentives and rewards industry, today announced a significant increase in gift card sales following its announcement of a ...