FINANCE

William Sonoma Q3 profit rises sharply

BY CSA STAFF

San Francisco — Williams-Sonoma reported Thursday that net income for the third quarter rose to $36.5 million, up from $7.3 million.

The company, which runs Williams-Sonoma and Pottery Barn, also recorded a 12% revenue rise to $816 million, beating Wall Street expectations of $799.5 million.

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FINANCE

GameStop earnings rise 4.8% in Q3

BY CSA STAFF

Grapevine, Texas — GameStop Corp. reported Thursday that net earnings for the third quarter increased 4.8% to $54.7 million, from $52.2 million in the prior year quarter.

Total sales increased 3.5% to $1.90 billion.

U.S. segment same-store sales were 5.3%, while total company same-store sales increased 1.1%.

Year-to-date, GameStop has opened 156 net new stores: 89 in the United States; 47 in Europe; eight in Canada; and 12 in Australia/New Zealand. The video game retailer currently operates 6,606 stores in 17 countries.

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FINANCE

Ahold Q3 net profit dips

BY CSA STAFF

Amsterdam — Royal Ahold NV reported Thursday that its third-quarter profit fell 4.4% to $315 million. The Dutch owner of the Stop & Shop and Giant supermarkets in the United States cited higher taxes for the performance decline.

Sales rose 11% to $9.12 billion.

U.S. same-store sales rose 1%. In the Netherlands, where Ahold operates the dominant Albert Heijn chain, same-store sales rose 4.5%.

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