UAL Corporation Third Quarter Earnings Call
Nov 30, 4:53 PM EST |
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| The company's earnings improvement was fueled by passenger unit revenue growth that was among the best in the industry. |
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| UAL’s sales rose 7% to $5.5 billion, topping expectations of $5.36 billion. Passenger revenue per available seat mile rose 9.7% as available seat miles dropped 1.5%, its paid miles fell 0.3%, but yields or average fares surged 8.2%. The company cut back available seat miles in North America and Latin America. Costs per available seat mile at United Airlines rose 1.3%, or 5.8% excluding fuel and special items. A drop of 4.5% to 5.5% is expected for available seat miles in North America in Q4. |
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Exxon Mobil Third Quarter Earnings Call
Nov 30, 3:25 PM EST |
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| Profit fell 10% to $9.4 billion as gasoline and diesel prices failed to keep pace with rising crude costs. |
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| Exxon Mobil revenue rose 3% to $102.3 billion from $99.6 billion a year ago. Exxon pumped about 2.5 million barrels of oil a day, blaming the decrease on OPEC production quotas, maturing oil fields and halting operations in Venezuela. Exxon refined about 5.6 million barrels of oil a day, most of it into gasoline and diesel fuel. The company repurchased 90 million shares of its own stock for about $7.8 billion. |
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Men’s Wearhouse Third Quarter Earnings Call
Nov 30, 2:52 PM EST |
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| Net income rose to $37.1 million, or 69 cents per share, compared with $31.8 million, or 58 cents per share, a year ago. |
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| The men''s clothing retailer’s revenue rose to $512.1 million from $430.1 million. Apparel sales, accounting for almost 75% of the company''s revenue, increased nearly 5% in the quarter. Same-store sales declined 2.1% in the U.S. The latest quarter results included sales and rental revenue from the After Hours Formalwear chain, acquired earlier this year. Tuxedo rental revenue climbed 19% from a year ago. |
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Talbots Third Quarter Earnings Call
Nov 29, 2:39 PM EST |
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| The company reported a loss of $9.4 million, or 18 cents per share, compared to a profit of $8.1 million, or 15 cents per share a year ago. |
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| The latest quarter numbers included acquisition-tied and financing costs of 8 cents per share and 6 cents per share in costs stemming from executive compensations and consulting fees. Revenue declined 2% to $556 million from $568.6 million last year, while sales slid 4% at Talbots chain, but rose 5% at the company’s smaller J. Jill business. Total same-store sales dropped 7.9% for the quarter, with October sales improving from the sales in August and September, but dropping at both chains. |
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The Home Depot Third Quarter Earnings Call
Nov 29, 5:34 AM EST |
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| Profit fell to $1.09 billion, due to the continuing downturn in real estate and home building. |
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| The U.S. home-improvement retailer reported revenue decline of 3.5% to $18.96 billion, failing to meet expectations of $19.39 billion. Home Depot faces rising expenses as it upgrades stores and hires more trade specialists in a bid to improve service and win back market share. Total operating expenses rose 4%. The average purchase fell 1.5% to $57.48 as the number of customer transactions eased 1.8%. The company expects soft market conditions to continue into 2008. |
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Staples Third Quarter Earnings Call
Nov 29, 4:58 AM EST |
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| Profit fell to $274.5 million, hurt by a charge related to a class-action settlement and lower same-store sales in its U.S. stores. |
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| The office products supplier’s sales grew 9% to $5.17 billion from $4.76 billion a year ago. North American same-store sales fell 3% versus a year ago, hurt by lower demand for business machines, furniture and computers. International sales surged 18% and would have increased 8% excluding the impact of foreign currency translations. For 2007, the company expects to record earnings growth of 15%. |
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Target Third Quarter Earnings Call
Nov 27, 3:18 PM EST |
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| Profit fell 4% to $483 million, as weak sales in high-margin categories hampered profits despite growth in revenue. |
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| The discount retailer’s revenue rose 9% to $14.82 billion from $13.57 billion in 2006, while third-quarter same-store sales increased 3.7%. Sales benefited from new store openings in the period and well as its credit card operations. Target announced that its board authorized a new $10 billion share repurchase program. Net interest expense increased $28 million compared due to higher average debt balances, including the debt to fund growth in accounts receivable. |
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Ross Stores Third Quarter Earnings Call
Nov 27, 3:12 PM EST |
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| Net income for the quarter increased to $48.7 million, or 36 cents per share, compared with $43.9 million, or 31 cents per share, a year ago. |
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| The clothing retailer’s quarterly profit climbed 11% from a year ago, helped by increasing sales in dresses, home and shoes categories. Quarterly revenue jumped 8% to $1.47 billion from $1.36 billion last prior year. Sales at Ross Stores for the nine months ended Nov. 3 2007 were $4.324 billion, up 9% from a year ago, while same-store sales year-to-date grew 1% on top of a 5% gain in the first nine months of 2006. |
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The Children’s Place Third Quarter Earnings Call Summary
Nov 27, 3:27 AM EST |
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| Income was $12 million or 40 cents a share, down 69% from $38 million or $1.26 a share in 2006 due to increased margin pressures. |
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| The retailer of children’s merchandise realized a 7% rise in net sales to $587.4 million from $550.4 million in 2006 driven by continued growth in the Children’s Place brand, and Disney Store. However, top line results were lower than expectations as a result of margin pressures as the firm sort to work through its high inventory levels. Despite these near term pressures, management believes the underlying business is strong and there is tremendous long-term opportunity for the firm. |
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Macy’s Third Quarter Earnings Call Summary
Nov 26, 3:18 PM EST |
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| Net income was $33 million, or 8 cents a share compared with a loss of $3 million, or 1 cent a share, a year earlier. |
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| Total sales at the department store operator increased 0.3% to $5.91 billion, while same-store sales declined 0.8%. Macy''s, formerly known as Federated Department Stores, added that gross margin decreased to 39.3% in the quarter, compared with 40.3% a year ago. The company forecast fourth-quarter profit of $1.70 to $1.80 a share excluding merger costs on sales of $8.7 billion to $8.9 billion, down from an earlier sales guidance of $8.8 billion to $9 billion. |
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