Posts Tagged ‘Retail’

Burlington Stores shares rise 13% after better-than-expected earnings

August 27th, 2015 No comments


Shares of Burlington Stores rose 13% Thursday after the tradesman reported a same-store sales increase for the fiscal second entertain and gain which kick analysts’ estimates.

The company, which runs bonus sell sequence Burlington Coat Factory, pronounced it swung to $10.9 million of net income from a detriment of $6.5 million in the year-ago period.

Earnings per share, after adjusting for a little items, totaled 19 cents, violence analysts’ guess of twelve cents.

Shares rose $6.41 to to $54.21 in sunrise trading.

“We have been intensely gratified with the second entertain opening highlighted by a 5.6% enlarge in allied store sales on tip of final year’s 4.7% increase,” pronounced CEO Tom Kingsbury in a statement.

Revenue rose to $1.15 billion from $1.1 billion a year ago as budget-conscious shoppers increasingly spin to bonus retailers, the marketplace which additionally includes Ross Stores, TJ Maxx and Marshalls.

Burlington expects the gain per share to operation from twenty cents to twenty-three cents for the stream entertain finale on Oct. 31.  Sales have been approaching to enlarge in the operation of 6% to 7%.

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Fresh Market shares plunge 26% after Q2 earnings miss estimates

August 21st, 2015 No comments


Shares of the Fresh Market plunged 26% Friday after the grocery store sequence missed analysts’ guess of the second entertain earnings.

The Greensboro, North Carolina-based association pronounced Thursday the gain per share, after adjusting for a little items, totaled 36 cents per share, short of the 40-cents estimate compiled by Zacks Investment Research.

Shares fell $6.90 Friday to $19.69.

Quarterly sales of $442.1 million — up 4.7% year-over-year — also longed for analysts’ estimate, that averaged $462.7 million. Comparable store sales fell 1% to $392.7 million as it faced some-more foe from mainstream grocery retailers that have been increasingly stocking uninformed and organic dishes and pricing them aggressively to justice budget-minded customers. The normal contract distance additionally was down 0.3%.

Net income in the second entertain rose  53% to $17.5 million.  But the second entertain sum domain fell 30 basement points to 33.7%, driven essentially by responsibility associated to inventory.

Fresh Market pronounced it expects full-year gain to be in the operation of $1.55 to $1.65 per share.

“Our second entertain formula simulate changes in the pricing and promotional investments, that were reduction in effect than expected in a some-more severe macro environment,” halt CEO Sean Crane pronounced in a statement. “However, the monetary illness of the commercial operation stays sound…We sojourn focused on the initiatives to set up The Fresh Market brand, rouse the in-store knowledge and food offering, and constraint larger operational efficiencies.”

In January, Craig Carlock stepped down as the company’s CEO, transposed by Crane on an halt basis.

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DSW stepping up on earnings, prospects

March 17th, 2015 No comments

imagesFootwear tradesman DSW climbed  4% to $38.33 Tuesday after  posting aloft fourth-quarter sales  and earnings.

DSW pronounced  sales rose 12% to $640 million from  $571.2 million the year-ago quarter, whilst net income rose 9.5% to $30.8 million from $28.1 million.

CEO Mike MacDonald says same-store sales, up 7.6%, were the strongest in scarcely 3 years. In a discussion call with batch analysts, MacDonald pronounced the association began 2014 with small sales movement which crimped altogether performance. Price cuts and a broader code collection helped store sales, MacDonald said.

Operating in a fragmented business,  Ohio-based DSW has  433 stores in the U.S and skeleton to open an additional 35 this year –  nearly a third will be  small  store formats which have been about half the distance of typical, 20,000 square-foot association stores.

DSW says it expects mercantile 2015 gain per share to be up 10% over 2014 in line with Wall Street estimates. DSW progressing voiced a 6.7% division hike, to 80 cents a share.


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Vera Bradley sandbagged

March 11th, 2015 No comments

vera-bradley-new-part-2Wall Street rained on Vera VRA  Bradley’s paisley march Wednesday, pulling shares of the purse and conform accessories tradesman down 16% to $15.14.

Behind the drop: fourth-quarter income fell 3% to $152.6 million from the year-ago entertain and net income fell 13% to $17.3 million. Vera Bradley additionally lowered full 2016 mercantile year  revenue and gain superintendence as CEO Robert Wallstrom pronounced “overall commercial operation trends sojourn difficult.”

“By this time, we had approaching to recover movement in the business, but which has not happened,” Wallstrom said. “Our core business have been stability to buy the products. However, the first emanate is which we have not captivated sufficient code new business to the brand, and therefore, both trade and sales sojourn intensely challenging.”

In a cost-cutting move, the Fort Wayne, Ind., -based association pronounced it was shutting the six-year old production plant in circuitously New Haven – which employs 250 –  in May. Instead, it will spin to cheaper abroad production

“It costs we estimate 90% some-more to make products domestically than in abroad factories, and the made at home production costs have one after another to climb year over year,” Wallstrom said. “We have been operative tough to figure out how to run the operations some-more efficiently. After clever investigate and consideration, we resolved which shutting this trickery is the right long-term monetary decision.”

Vera Bradley  sandbagged a little on Wall Street as well.

Tuesday, Wunderlich Securities Eric Beder reiterated a  buy rating on Vera Bradley and set a $27 cost target.  By Wednesday, Beder recanted, slicing his letter of reference to a reason and environment  a $15 cost target.

“While we determine with probably all government is you do to dilate the strech and pricing of the code and to register aloft returns, it is viewable which until Vera can materially dilate their patron base, formula will sojourn underneath element pressure; we see no reason to be overly assertive (again) until the patron bottom starts to turn,” Beder pronounced in a investigate note.

Vera Bradley, proposed in 1982 by friends Barbara Bradley Baekgaard and Patricia Miller, went open at $16 a share in 2010, peaking at scarcely $50 in 2011.

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Still a loss leader, Lumber Liquidators tumbles again

March 4th, 2015 No comments
Lumber Liquidators owner and Chairman Tom Sullivan in happier times.

Lumber Liquidators owner Tom Sullivan in happier times.

Lumber Liquidators LL has nonetheless to find a near-term bottom, falling an additional 12%  Wednesday as the fallout from a CBS 60 Minutes probe, sagging gain and short sellers gimlet divided at North America’s largest flooring retailer.

Shares were up Tuesday 6% after big waste Friday and Monday, but slid $5.14 to $35.64 Wednesday after association management team did not crop up at an annual Raymond James RJF investment discussion Wednesday in Orlando. Separately, U.S. Sen. Bill Nelson (D-Fla.) called for a sovereign review of the company.

Lumber Liquidators has tanked some-more than 50% in the past week after the Virginia formed tradesman unhappy Wall Street on fourth-quarter results, warned which it faced probable sovereign rapist charges scored equally to timber imports and CBS’ princely headlines repository pronounced a little of the laminate flooring alien from China contained extreme amounts of formaldehyde.

Lumber Liquidators has blamed short-sellers – namely sidestep account Kase Capital Management and the investment chief, Whitney Tilson, for most of the batch plunge. Founder Tom Sullivan pronounced progressing this week which Sunday’s 60 Minutes inform might have been flawed.




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Land No! Land’s End founders on fourth-quarter outlook

January 22nd, 2015 No comments

download (1)Land’s End LE  sank neatly after the tradesman pronounced fourth-quarter gain and income would be neatly next Wall Street’s expectations.

Shares, that mislaid scarcely a entertain of their worth early trading, sealed off 17% to $41.89.

The association is the ultimate in a array of retailers to inform unsatisfactory legal holiday sales. CEO Edgar Huber pronounced the company’s brew of cold continue wear and women’s sweater and weave wardrobe unsuccessful to emanate sparks between shoppers.

Land’s End expects income of $505 to $515 billion, up to 7% next expectations. Earnings will come in at $1.06 to $%1.16 per share. Analysts had approaching EPS of $1.38.

After appropriation Land’s End in 2002 for $1.9 billion, Sears Holdings SHLD spun the association off in Apr  2014.  Shares appearance at $56.25 progressing this month. Since then, it’s sunk 28%.


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hhgregg craters on quarterly warning

January 6th, 2015 No comments


hh-gregg-storefrontWe’ll have to wait for a couple of weeks for quarterly earnings reports  to see only how the legal holiday selling deteriorate made up for the nation’s sell chains.  But since Tuesday’s greeting to hhgregg’s HGG rough third-quarter report, jumpy Wall Street is approaching to have a hair-trigger greeting to even a sniff of bad news.

Shares of the electronics, appliances and home furnishings tradesman plunged $1.63 (22.5%) to $5.62 – the day’s greatest commission crook – after the association warned which sales would approaching be down 6% to $666 million from $707 million in the year-ago quarter.  Analysts had approaching same-store sales to be off by about 5%.

Sales of computers and tablets sank 35%, a difficulty which CEO Dennis May pronounced “continues to be negatively impacted” by loss consumer demand.
Among alternative categories, consumer wiring were down 4%, apparatus sales were prosaic and sales of home products fell 9%.

Indianapolis-based hhgregg operates 228 stores in twenty states. The association is scheduled to inform third-quarter formula Jan. 29, but pronounced in a bonds filing which due to spoil charges of up to $70 million, it would revoke a before mercantile 2015 gain outlook.

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Ross Stores’ racks up an earnings hit

November 21st, 2014 No comments

Ross Stores ROST download (1)flirted with all-time highs Friday after posting better-than-expected revenue, benefit and top-line growth.

Shares finished up 7.3% to $89.30 after Ross reported a 16% benefit gain for the mercantile third entertain on an 8% climb in revenue. Same store sales were up 4%.

“We have been gratified with the better-than-expected sales and benefit we completed in the third quarter,” says CEO Barbara Rentler. “These formula were driven by the ongoing capability to broach constrained bargains to the customers, that gathering above-plan sales gains and clever sell sum margins.”

With 1,214 stores in 33 states, Ross is the nation’s largest off-price attire and home furnishings chain. The association is confident about fourth-quarter results, but confirmed fourth-quarter income guidance, with allied same-store sales gains of only 1% to 2% – a thoughtfulness of only how difficult the altogether sell sourroundings remains.

“We hold it is advantageous to say a discreet opinion since the ongoing uncertainties in the macro-environment and the odds of an greatly rival and promotional legal holiday season,” Rentler said.

The batch strike a jot down $89.56 in early trading. Since attack a 2014 bottom of $61.83 on Jul 17, Ross has rumbled 44%.

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Fly like an eagle?

November 12th, 2014 No comments

imagesAmerican Eagle Outfitters AEO climbed 10% to $13.80 Wednesday after the attire sequence increased third-quarter benefit guidance.

CEO Jay Schottenstein pronounced benefit and distinction margins have been up, in partial since there’s reduction of the promotional sales to capture customers. The association is scheduled to inform quarterly formula Dec. 4.

The Pittsburgh-based retailer, which caters to fifteen to 24-year-olds, indicated which benefit would be up 16% over the year-ago quarter. Same-store sales, however, have been approaching to be about 5% next the year-ago levels.  Second entertain income was down 2%.

The headlines came on a day when dialect store sequence Macy’s M gained 5% to $61.574 after posting a 30% benefit in third-quarter benefit and a lower-than-expected 1.3%  drop in revenue. JC Penney JCP closed up scarcely 8% to $7.76 forward of an after-the-market benefit report, but slumped 6% in after-hours trading.


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Kohl’s cools on quarterly outlook

October 27th, 2014 No comments



Executives at dialect store sequence Kohl’s have been scheduled to share their prophesy for multi-year expansion Wednesday at the annual financier conference. But Wall Street was some-more meddlesome in what government was observant Monday: a 1.4% dump in same store sales for the third entertain and lower-than-expected 2014 earnings.

Kohl’s KSS  crumbled 7% to $54.60 in after-hours trade after the association pronounced Oct sales had been soft, with gains in children’s lines equivalent by declines in men’s, shoes and appendage lines. The association pronounced women’s and home products sales were additionally underperforming.

Based on sales to date, Kohl’s pronounced widely separated gain wold be at the low finish of before guidance, that had been $4.05 to $4.45 a share.

This would be fourth-straight entertain of disappearing sales for Kohl’s, that operates over 1,150 stores in 49 states. Still, multiform investment firms had been raising cost targets for the company.  In September, Citigroup’s Oliver Chen lifted his $63 cost aim to $70, contending Kohl’s product brew and  customer faithfulness module would expostulate sales and distinction margins.  Nomura progressing lifted the cost aim to $68, up from $62.

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