Advance Auto has 19% profit jump in Q2
Roanoke, Va. — Advance Auto Parts beat Wall Street projections with a 19% profit increase in the second quarter – from $116.9 million last year to $139.5 million.
The acquisition of General Parts drove sales up 52%, to $2.35 billion, from $1.55 billion in the same quarter last year. Wall Street anticipated $2.32 billion.
"We remain on pace against our base business expectations, integration milestones and with our financial performance,” said Advance CEO Darren Jackson.
BJ’s Wholesale Club partners with 215 schools for 19th year
Westborough, Mass. — BJ’s Wholesale Club announced partnerships with 215 schools through the organization’s Adopt-A-School program. At the beginning of each school year, every BJ’s Wholesale Club and Distribution Center partners with a local school to help enhance existing curriculum.
Schools participating in BJ’s Adopt-A-School Program receive a one-time, $500 donation, which goes toward discretionary programs, such as field trips and special events, reading programs or other educational needs. The schools also receive a complimentary BJ’s Membership.
"Helping to provide kids with exciting learning opportunities like meeting penguins up close, exploring life-size models of dinosaurs and reading the best of Dr. Seuss are some of the many reasons why we support local schools," said Jessica Newman, assistant VP of community affairs and communications at BJ’s Wholesale Club.
Now going into its 19th year, BJ’s Adopt-A-School program has provided $1.7 million in funding to thousands of schools.
New Walmart fact-checking service launched
Walmart’s opponents employed a new tactic this week by launching a repository of negativity under the auspices of The Center for Media and Democracy.
The clearly left-leaning organization bills itself as non-partisan but the tone and substance of its newly created Web resource suggests otherwise. The Center for Media and Democracy (CMD) launched its new web resource on Thursday, the same day Walmart reported second quarter results and hosted its second annual U.S. Manufacturing Summit. The resource is positioned as a profile on the company with details about pay and policies, lobbying and political contributions, environmental impact and efforts in veteran hiring and domestic sourcing.
“Walmart likes to say it is committed to supporting families, communities and our economy, but the facts often tell a different story,” said CMD executive director Lisa Graves. “This new resource gives reporters and consumers the information they need to understand the true nature of Walmart’s business practices and the effect the company’s decisions have on U.S. manufacturing, workers and other aspects of our economy.”
Those comments hardly sound like the organization is committed to providing facts related to Walmart.