Urban Outfitters Earnings Call, Second Quarter 2009
Aug 20, 2:33 AM ET |
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| The management is focused on the overarching goal of 20% revenue growth, growing profit faster than sales and to reach at least 20% operating margin. |
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| The innovative specialty retail company reported second quarter total sales of $454 million, representing the second highest quarter increase of more than 30% in the history of the company. The total comparable store sales grew by an impressive 13%. The quarterly net income of $57 million compares favorably with net income of $31.9 million in the year ago quarter. The management expects to open 45 new stores during the full fiscal year. |
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Broadcom Earnings Call, Second Quarter 2008
Aug 20, 2:03 AM ET |
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| Second-quarter net profit was $134.8 million, or 25 cents a share, compared with $34.3 million, 6 cents a share, in the year-ago period. |
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| The jump in second-quarter profit was attributed to demand for the company''s communications products. Revenue was $1.2 billion, up 34% from $897.9 million a year ago. The latest quarter results included stock-based compensation expenses of 24 cents per share. Broadcom expects net revenue for the third quarter in the range of $1.25 billion to $1.3 billion. The company also expects operating expenses to increase to the range of $15 to $20 million. |
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Nordstrom Earnings Call, Second Quarter 2008
Aug 19, 8:29 AM ET |
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| The company expects full year 2008 gross profit margin to be 110 basis points to 140 basis points lower than 2007, a dip from the previous guidance. |
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| The leading fashion specialty retailer generated second quarter total sales of $2.29 billion compared with $2.39 billion during the same period in fiscal 2007. The second quarter same-store sales decreased by 6%. The management reported quarterly net earnings of $143 million versus net earnings of $180 million in the year ago quarter. The company expects full year EPS to be in the range of $2.55 to $2.65, a decrease from the previously announced range of $2.65 to $2.80. |
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Blue Nile Earnings Call, Second Quarter 2008
Aug 19, 7:32 AM ET |
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| Net income fell to $3.2 million, or 20 cents per share in the second quarter, from $3.78 million, or 23 cents a share, a year ago. |
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| The online jewelry retailer posted a 2% increase in the latest quarter revenue to $73.7 million. Sales in the U.S. declined 5%, while international sales jumped 179% to $8.1 million. Blue Nile cut its sales forecast for 2008 and expects net sales to increase on a percentage basis in the mid-single digits, down from the previous guidance of a 10% jump. For the third quarter, net sales are seen flat or up 5%, while net earnings per share should range between 15 and 17 cents per share. |
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SunPower Earnings Call, Second Quarter 2008
Aug 19, 7:27 AM ET |
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| On a GAAP basis, the company reported gross margin of 24.3% and management expects GAAP gross margin range of 24% to 25% for the third quarter. |
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| The designer and manufacturer of solar-electric systems generated second quarter revenues of $382.8 million, an increase of 40% from prior quarter revenue. The Components and Systems segments accounted for 29% and 71% of second quarter revenue respectively. The quarterly net income of $28.6 million or 34 cents per share compared positively with the year ago net income of $12.8 million or 15 cents per share. The company expects Q3 GAAP total revenues of $340 million to $355 million. |
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Abercrombie & Fitch Earnings Call, Second Quarter 2008
Aug 18, 2:33 AM ET |
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| Net income in the quarter declined to $77.8 million, or 87 cents a share, from $81.3 million, or 88 cents, a year earlier. |
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| Sales at the teen retailer increased 5.1% from a year ago to $845.8 million with comparable-store sales dropping 4%. Abercrombie & Fitch guided full-year 2008 profit to the range of $4.95 to $5 a share, with the low end of the forecast reflecting a 7% drop in same-store sales. The company targets capital spending of between $405 million and $410 million, most of which for new store opening and plans to increase gross square footage by about 9% to 10% for fiscal year 2008. |
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Kohl’s Earnings Call, Second Quarter 2008
Aug 18, 2:11 AM ET |
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| The Q2 gross margin increased to 39.6% versus 38.9% in the previous year quarter helped by strong inventory management and lower clearance levels. |
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| The specialty department store reported second quarter net sales of $3.7 billion, an increase of 3.8% compared with $3.6 billion in the previous year quarter. The second quarter net income of $236 million represents a decrease from $269.2 million for the second quarter fiscal 2007. The management reported that comparable store sales decreased 4.6% and the company has raised its fiscal 2008 earnings guidance to between $3.02 and $3.18 versus the previous guidance of $2.95 to $3.15. |
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Sunoco Earnings Call, Second Quarter 2008
Aug 18, 2:06 AM ET |
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| Despite a tough market environment for refining and unparalleled rises in crude oil prices, sequential results improved due to higher refining margins |
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| The leading manufacturer and marketer of petroleum and petrochemical products reported second quarter revenues of $16.1 billion, an increase of $5.3 billion from $10.8 billion in the second quarter of 2007. The quarterly net income was $82 million versus $509 million in the year ago quarter. The management advised that excluding special items, the company had income of $61 million, or 52 cents. There were no special items in Q2 of 2007. |
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AIG Earnings Call, Second Quarter 2008
Aug 18, 1:48 AM ET |
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| The world's largest insurer lost $5.36 billion in the quarter, or $2.06 per share vs. profit of $4.28 billion, or $1.64 per share a year ago. |
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| American International Group added that excluding one-time items, the loss per share came to 51 cents. The company’s general insurance segment reported a 54.3% drop in operating income to $1.39 billion, while the life insurance and retirement services division posted a 10% decline in operating income to $2.61 billion. AIG raised $20 billion in capital through the sale of $6.91 billion in fixed-income securities, $7.47 billion of common stock and $5.88 billion in equity units. |
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Wal- Mart Stores Earnings Call, Second Quarter 2009
Aug 17, 5:56 PM ET |
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| With the backdrop of a challenging global economic environment, the firm continued to focus on price leadership to drive value to customers. |
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| The retailer reported income of $3.4 billion or 86 cents a share, up 9.3% from $3.1 billion or 75 cents per share in 2007 as sales increased 10% to $101.6 billion. The underlying business remains sound as associates deliver on Wal-Mart’s mission to save people money so they can live better. Price leadership, enhanced customer service and operational improvements remained the primary drivers of sales growth worldwide, and contributed to earnings and free cash flow. |
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