Circuit City Stores Earnings Call, First Quarter 2009
Author: Godwin Gwetu
123jump.com
Last Update: 10:15 AM EDT July 04 2008
The leading specialty retailer of consumer electronics and related services posted softer net sales of $2.30 billion from $2.49 billion in Q1 of 2008 with consolidated comparable store sales down 13%. The fiscal 2009 Q1 net loss from continuing operations totaled $164.8 million versus $54.8 million in Q1 of fiscal 2008. Whilst management believes that the company has adequate liquidity to fund turnaround, future dividend payments have been suspended in preference for capital conservation.
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.
350 Fund Managers Interviews - 10-year Annual earnings on 4,600 U.S. companies - 20-quarter Earnings on 3,800 U.S. companies - 3,200 U.S. IPO Prospectuses
- 2,100 Economic data releases from U.S., EU, UK, India, HK and Australia. 10-year Annual reports on 3,500 U.S. companies -
U.S. Earnings Calendar with 4,800 companies - 90,000 10-K reports - 26,000 Global markets news archive - 2,200 Earnings Conference Call Summaries
