Dollar Tree Earnings Call, Second Quarter 2008
Aug 30, 5:00 AM ET |
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| Profit increased 15% to $37.6 million as sales rose, though margins dipped amid a merchandise shift. |
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| Sales rose 12.5% in the period to $1.1 billion. Comparable store sales increased 6.5%, that was on top of a 4.4% increase last year and a 4.2% increase the year before. Debit card usage continues to increase and penetration increased 1%. Dollar Tree sees Q3 earnings per share of 40 cents to 43 cents and full-year earnings per share of $2.33 to $2.43. |
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Chico’s FAS Earnings Call, Second Quarter 2008
Aug 30, 4:26 AM ET |
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| Net income dropped to $6.7 million, hurt by a protracted slump in sales at its mall-based stores and by markdowns, which crimp profit. |
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| Sales fell to $405.2 million from $436 million a year ago. Comparable store sales decreased 15.9% as same store sales decreased approximately 19% for the Chico’s brand and approximately 12% for White House | Black Market. The company continues to maintain strong balance sheet with cash equivalents and marketable securities totaling $278 million and zero debt. Transactions were down 7.4% versus down 13% in Q1. |
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Benihana Earnings Call, First Quarter 2009
Aug 31, 12:54 AM ET |
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| Profit declined to $1.9 million, or 12 cents per share, from $3.9 million, or 25 cents per share, in the first quarter of 2008. |
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| The restaurant chain Benihana reported a 5% gain in first-quarter revenue to $94.5 million from $89.9 million a year ago, while expenses jumped 9%. Same-restaurant sales fell 4.9% with a 3.4% decline at Benihana restaurants, 9.1% drop at RA Sushi restaurants and 7.7% decline at Haru restaurants. The company backed its fiscal 2009 profit and revenue guidance and expects to earn between 60 and 65 cents per share on revenue between $313 million and $318 million. |
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Express Scripts Earnings Call, Second Quarter 2008
Aug 30, 1:23 PM ET |
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| Profit was $190 million, up from $153 million a year earlier, reflecting demand for generic drugs. |
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| Revenue rose to $4.71 billion from $4.57 billion last year. Gross margin grew 10.7%, or $504 million, up 15% from last year in the quarter. EBITDA was $341.9 million, up 18% from the prior year. Cash from operations was $234.5 million, compared to $96.4 million last year, as a result of focus on driving cash flow. The company sees 2008 adjusted earnings of $3.03 to $3.10 a share. |
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Fluor Earnings Call, Second Quarter 2008
Aug 30, 1:02 PM ET |
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| Profit rose to $209.3 million, boosted by an asset sale and strong demand from the energy sector. |
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| Revenue rose by 37% to $5.8 billion, up from $4.2 billion in the second quarter of 2007, driven primarily by significant growth in the oil, gas, and power segments. All business segments contributed to this positive result by posting solid growth and profit over the last year. New awards with new project awards totaled $6.4 billion. The company raised its earnings view to $3.65 to $3.80 a share for 2008, compared with a previous outlook of $3.30 to $3.45 a share. |
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Evergreen Solar Earnings Call, Second Quarter 2008
Aug 31, 6:08 AM ET |
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| Net loss widened to $8.9 million as the company spent on a new facility. |
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| Revenue jumped 48% to $22.8 million, from $15.4 million last year. Operating expenses jumped to $15.2 million from $7.2 million. Evergreen Solar spent about $11.3 million in the period related to the first phase of operations at its Devens, Mass., facility and the ramp down of its Marlboro site. For Q3, the company expects to post a loss of 10 cents per share on revenue of $24.5 million to $25.5 million. |
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Expedia Earnings Call, Second Quarter 2008
Aug 31, 5:15 AM ET |
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| Net profit increased to $96.1 million on a 16% increase in bookings. |
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| The U.S. online travel agency’s revenue rose to $795 million from $690 million a year ago, primarily driven by increased worldwide merchant hotel revenue and advertising and media revenue. Gross profit was $626 million, an increase of 15% compared with Q2 2007 due to increased revenue. OIBA increased 9% to $204 million, driven primarily by higher revenue. |
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Erie Indemnity Earnings Call, Second Quarter 2008
Aug 31, 4:52 AM ET |
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| Operating income per share was 87 cents due to reduction in investment revenues and changes in fair value on common stock in accordance with FAS 159. |
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| Management fee revenue was flat as direct written premiums of the property casualty group remained level compared to the second quarter of 2007. Policy retention rate improved to 90.4% compared to 89.9% at the end of the second quarter last year. The total cost to management operations increased by 2.8%. Personnel cost increased by 4.9% compared to 2007 primarily as a result of $1 million charge for executive severance cost. |
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Jo-Ann Stores Earnings Call, Second Quarter 2009
Aug 30, 12:54 AM ET |
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| Despite the uncertain economic environment, the management continues to revitalize stores while keeping a tight focus on expenses and inventories. |
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| The leading national fabric and craft retailer announced net sales for the second quarter of $403 million compared with $388.5 million in the prior year period. The management reported a quarterly net loss of $11.7 million, or 47 cents per share versus a net loss of $18.4 million, or 76 cents per share in fiscal 2008 comparable quarter. The same store sales increased 3.3% compared with an increase of 7% for the same period in the previous year. |
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Talbots Earnings Call, Second Quarter 2008
Aug 30, 9:48 AM ET |
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| While a year-over-year shortfall in retail sales impacted the quarter, results were offset by the Talbots brand merchandise gross margin expansion. |
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| The Company generated weaker net sales of $528 million in the second quarter compared with net sales of $572 million in the second quarter fiscal 2007. On a GAAP basis, net loss for the quarter was $25 million versus a net loss of $13.3 million in the same period last year. The total comparable store sales retreated 12% for the quarter. by brand, comparable tore sales for Talbots and J. Jill decreased 11.7% and 13.2% respectively. |
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