Advance Auto Parts Earnings Call, Second Quarter 2008
Aug 21, 5:40 AM ET |
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| Second-quarter net income of $75.4 million, or 79 cents a share, up from $68.4 million, or 64 cents, in the year-ago quarter. |
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| Revenue for the latest quarter rose 5% to $1.23 billion from $1.17 billion a year ago. Advance Auto Parts same-store sales climbed 2.9%, compared to a 1.2% increase the second quarter a year earlier. The increase was primarily driven by a 13.5% jump in commercial sales, offset by a 0.8% decline in Do-It-Yourself sales. Advance Auto Parts also opened 138 new stores in the past fiscal year, and now operates 3,325 stores in 40 states. |
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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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