Costco, Big Lots, Fred's Earnings Rise
May 29, 12:53 PM EDT |
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| Costco and Fred's reported rising sales and earnings as consumers look for discounts. Costco, membership dues generate most of the earnings. |
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| The discount retailers Costco, Freds and Big Lots benefited in the latest quarter as consumer look for discounts. Sears swung to a quarterly loss after same store sales declined. Costco sales rose 13% to $16.26 billion and net income increased 32% to $295 million. Earnings per share rose to 67 cents. Big Lots sales rose 2.1% to $1.15 billion and earnings increased 16% to $34.5 million or 42 cents per share. |
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Jo-Ann, Coldwater Rise; Men's Wearhouse Falls
May 29, 11:40 AM EDT |
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| The Men's Wearhouse falls 10% after it reported net revenue in the first quarter fell 1%. |
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| The Mens Wearhouse revenue in the first quarter slipped 1% to $491 million and net income fell 76% to $9.9 million or 75 cents per share. Fabirc and craft retailer revenue in the first quarter rose 5% $446.1 million and net income rose to $3 million or 12 cents per share. In additon, Coldwater Creek first quarter revenue fell 4% to $271 million and loss of $9.2 million or 10 cents per share. |
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Chico's Surges 10%, Earnings Fall 73%
May 28, 1:31 PM EDT |
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| Chico's, battered apparel retailer reported another quarter of declining revenue and earnings. But, the retailer plans to open more stores. |
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| Chicos, apparel retailer reported first quarter sales declined 9.6% to $409.6 million and net income of fell 73% to $12.7 million. Earnings per share in the quarter fell to 7 cents compared to 27 cents in the quarter a yeara go. Same store sales in the quarter fell 17.5% across all stores and at Chicos fell 22%. In the quarter the company opened 23 net new stores and plans to open between 17 and 19 net additonal stores in the second quarter. |
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American Eagle Rises 8%, Earnings Fall 56%
May 28, 1:09 PM EDT |
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| For the fiscal 2008 the apparel retailer plans to spend between $250 million and $275 million in capital expenditures. |
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| American Eagle reported first quarter sales rise of 5% to $640 million but earnings declined to $43.9 million or 21 cents per share. Comparable sales in the quarter fell 6% from a year ago when they by the same amount. In fiscal 2008, the company plans to open approximately 40 AE stores, 80 aerie stores and 11 MARTIN + OSA stores and remodel 40 to 50 AE stores. |
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Chico's, American Eagle, Lauren Rise
May 28, 4:33 PM EDT |
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| Ralph Lauren surged 10% and Chico's soared 13% and American Eagle advanced 8%. |
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| Apparel retailers American Eagle Outfitters, Polo Ralph Lauren and Chicos rose after the earnings release. American Eagle first quarter sales increased 5% to $640.3 million and net income decreased to 40% to $43.90. Chicos revenue first quarter decreased 9.6% to $409.60 and net income fell 73% to $12.70 million or 7 cents per share. Polo Ralph Lauren fourth quarter revenue increased 20% to $1.24 billion and net income in the quarter rose to 47% to $104 million and to $1.00 per share. |
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Daktronics Surges 13% on Earnings Rise
May 28, 11:31 AM EDT |
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| Daktronics surged after it said sales in fiscal 2009 are expected to rise 20% and operating margin in the range between 8% and 9.5%. |
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| Daktronics, the electronic bill board maker surged 13% after it reported 62% rise in fiscal fourth quarter eanings. Sales in the fourth quarter 2008 roe 16.5% to $129 million and earnings increased 62% to $5.71 million. Backlog at the end of the quarter rose to a record $175 million. In the fiscal 2008, sales rose 15% to $500 million and earnings rose 8% to $26.21 million or 63 cents per share. |
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Adidas Earnings Climb 32%
May 20, 3:36 PM EDT |
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| Adidas AG reported that first quarter revenue climbed 3% to € 2.621 billion from € 2.538 billion in 2007 on 10% sales growth. |
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| German sportswear company Adidas AG said it was still repositioning the Reebok brand, where sales in the quarter declined. The company''s net profit in the latest quarter rose to 169 million euro (US$261.27 million) compared with 128 million euro a year ago. Adidas cited the group''s strong operating margin improvement and lower net financial expenses. Tax rate dropped by 0.4 percentage points to 32% in the first quarter compared to 32.4% a year ago. |
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Sony Corp Profit Rises 192%
May 15, 3:21 PM EDT |
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| Quarterly profit advanced by 96.6 billion yen from a loss of 67.6 billion yen in the same quarter a year ago to 29 billion yen. |
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| The world’s second largest consumer electronics maker Sony Corp’s profit rose 6.9% to 8.8 trillion yen from 8.2 trillion yen a year ago thanks to strong sales which rose 8.9% in the Electronics segment. Sales of BRAVIA LCD TVs, VAIO PCs and Cyber-shot digital cameras increased significantly. However, sales of the LCD rear projection televisions slumped. Sony sees operating income up 20% to 450 billion yen this fiscal year on a 1% gain in revenue to 9 trillion yen. |
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LSE Profit Rises 59% Lifted By Borsa Italiana
May 23, 1:57 PM EDT |
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| Revenues rose 56% to £546 from £349.6 million a year ago after the launch of TradElect helped boost trading volumes by 80% during the year. |
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| LSE was successful in attracting new additional listing, with the total number of overseas companies joining the Main Market increasing to 39 from 35 a year ago. In the first two months of the year, 8 new companies were added on the Main Market, with listings from Mexico and Czech Republic raising over US$4 billion in the process. The acquisition of Borsa Italiana in April 2006 also helped boost profits. The Exchange said the encouraging start to the year is indicative of the bright prospects. |
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Credit Agricole First Quarter Net Profit Falls
May 26, 1:52 PM EDT |
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| The bank said the sub-prime related write-downs at its investment bank stood at 1.205 billion euros. |
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| Credit Agricole SA reported that first-quarter net profit fell to 892 million euro due to the effects of the global financial market turmoil on its corporate and investment banking, Calyon. The French-bank said sub-prime related losses at its investment bank totalled 1.205 billion euros. The bank plans to launch a 5.9 billion euro rights issue and to reduce CIB subsidiary by 10 %. CIB operations had a net loss of 795 million euro vs. profit of 539 million euros a year earlier. |
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