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Fred’s hit the midpoint of its expected earnings per share in Q3, the company reported Tuesday, the result of a quarter that saw a 14% sales increase that it more or less expects to see again in Q4, projecting growth between 13% and 15%.
Fresh on the heels of its announced $17.2 billion acquisition of Rite Aid, Walgreens Boots Alliance reported fourth-quarter net earnings of $26 million and a boost in same store sales.
Walgreens Boots Alliance is in advance talks to acquire Rite Aid in a deal that could be worth as much as $10 billion, according to a report published Tuesday by The Wall Street Journal.
Amid a slew of news from Target headquarters on Monday, the retailer also announced that, as part of the White House’s climate pledge, it would be working toward eight new sustainability commitments.