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Tag: earnings

Aug.
30th

Two Puget Sound-based retailers report August sales boosts

August was a good month for two of Puget Sound’s biggest retailers.

Nordstrom’s report of a 21 percent increase in same-store sales during August blew past analyst’s predictions of an 11 percent increase.

The high-end fashion retailer attributed at least part of the increase to the timing of its anniversary sale. Eight days of that sale fell during August this year compared with just one day in 2011.

Meanwhile, at Issaquah-based Costco, same store sales were up 7 percent. Part of the increase was due to higher gas prices, which were countered by lower exchange rates.

Costco stock closed up

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July
26th

Alaska Air Group announces second quarter record income

SeaTac’s Alaska Air Group reported record second quarter profits today on strong demand for its services.

The airline holding company, parent of Alaska Airlines and Horizon Air, beat Wall Street predictions for its per share income.

Alaska said its net income excluding special items was $110.8 million for the quarter or $1.53 per share. The Wall Street consensus prediction was $1.51 a share.

The airline’s earnings in the same quarter last year excluding special items was $89.6 million or $1.22 a share.

“Significantly higher revenues driven by strong demand, our growing route network and our preferred product led to

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