Stein Mart Earnings Call, Third Quarter 2008
Nov 21, 2:46 PM ET |
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| For the third quarter, the company incurred a net loss of $14.1 million or $0.34 per share vs. a net loss of $2.7 million or $0.06 per share in 2007. |
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| Net sales decreased 10.4% to $298.8 million for the quarter from $333.3 million last year. Same-store sales decreased 12.6% from a year ago. Due to higher markdowns, gross profit decreased to $67.5 million or 22.6% of sales compared to $86.2 million or 25.9% of sales last year. |
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Macy’s Earnings Call, Third Quarter 2008
Nov 20, 10:07 AM ET |
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| Despite the worsening climate and the marked softening of the sales trend versus the year ago period, the company still outperformed key competitors. |
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| The premier retailer generated Q3 sales totaling $5.493 billion, a decrease of 7% compared with sales of $5.906 billion in the same period last year. On a same store basis, the company’s third quarter sales were down 6%. The company reported a quarterly loss per share of 10 cents versus EPS of 8 cents for the same quarter last year. Excluding division consolidation costs of $16 million, Q3 loss was 8 cents. The management now anticipates Q4 same store sales to be down in the range of 1% to 6%. |
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B&G Foods Earnings Call, Third Quarter 2008
Nov 20, 8:14 AM ET |
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| Net income for the quarter was $2.9 million compared to $4.8 million a year ago. EPS decreased to $0.08 from $0.13 for the third quarter of 2007. |
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| Net sales for the third quarter of 2008 slid 0.4% to $116.5 million from $117.0 million in 2007. Price increases that B&G Foods recently implemented improved net sales by $4.7 million, but were offset by a decrease in net sales of $5.2 million attributable to a unit volume decline. |
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K-Swiss Earnings Call, Third Quarter 2008
Nov 19, 7:04 AM ET |
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| Third quarter gross profit margin as a percentage of revenue was 39.9% in the third quarter, down from 46.8% in the equivalent quarter last year. |
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| The Company generated quarterly revenues of $96 million which were significantly above the forecast levels. This was due to Palladium sales not included in the second quarter as well as superior U.S. sales. The management reported a quarterly net loss of $100,000 as the quarter-to-quarter average wholesale price for the K-Swiss brand decreased from $27.93 to $26.44. The company anticipates Q4 loss per share to be in the range of 10 cents to 35 cents. |
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Urban Outfitters Earnings Call, Third Quarter 2009
Nov 19, 1:17 AM ET |
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| The Company delivered improvements in every key component of the gross profit margin resulting in a 135 basis point gross margin gain to 40.9%. |
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| Third quarter total company sales advanced 26% to $478 million, the largest gain in the history of the company. Earnings increased 31% to a record $59 million, resulting in earnings per share of 35 cents during the quarter. The management reported that total company comparable sales grew by 10% with Anthropologie, Free People and Urban Outfitters achieving Q3 comp increases of 2%, 4% and 17% respectively. |
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AsiaInfo Earnings Call, Third Quarter 2008
Nov 18, 2:28 PM ET |
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| Income from operations increases 68.9% year over year to $5.3 million; operating margin of total revenue expanded to 11.8%. |
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| Third quarter 2008 total revenue increased 38.4% from a year ago to $44.8 million. Exceeding guidance, net revenue increased 44.6% to $42.7 million. In the third quarter, AsiaInfo announced several significant contracts with China''s major telecom carriers. |
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Chevron Earnings Call, Third Quarter 2008
Nov 18, 7:55 AM ET |
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| The company profit of $18 million, or 41 cents a share, up 13% from $15.9 million, or 36 cents a share, a year earlier. |
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| Revenue for the period grew 20% to $897.1 million. The increase in revenue was primarily driven by membership growth, especially related to a new foster care contract in Texas. Underscoring Chevron’s financial strength the debt ratio was below 8% at the end of the quarter and cash balances exceeded debt by $4 billion. The company expects 2008 EPS to range from $1.87 to $1.92 and revenue guidance of $3.39 to $3.41 billion, net of premium taxes. |
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Corning Earnings Call, Third Quarter 2008
Nov 18, 6:09 AM ET |
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| Net income excluding special items was $732 million, an increase of 18% over last year’s Q3 net income excluding special items of $619 million. |
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| Revenue was virtually flat at $1.56 billion, from $1.55 billion last year. Earnings included a $36 million gain related to the release of U.S. deferred tax asset valuation allowances. Tax rate was 14% and wrapping up income statement share count declined to 1.58 billion shares. The company expects Q4 sales in a range of $1.2 billion to $1.3 billion, with adjusted earnings per share in a range of 20 cents to 28 cents. |
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J.C.Penney Earnings Call, Third Quarter 2008
Nov 18, 6:02 AM ET |
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| Sales have been impacted by lower consumer spending and declining mall traffic as focus shifts to expense reduction and inventory management. |
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| The retailer reported a 9% drop in revenues to $4.3 billion as earnings fell 53% to $124 million or 56 cents a share, from $261 million or $1.17 a share in 2007 due to a decline in sales stemming from the lower mall traffic levels and severely restrained consumer spending. |
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Nordstrom Earnings Call, Third Quarter 2008
Nov 18, 5:59 AM ET |
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| Firm responds to declining business by suspending the share repurchase program and reducing net capital expenditures. |
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| The fashion specialty retailer reported a 51% drop in earnings to $71 million or 33 cents a share, as the firm responded to slower sales trends and the competitive environment with increased markdowns. Total sales were down 8.4% to $1.8 billion in 2007 on weaker same-store sales. |
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