Big Lots Earnings Call, First Quarter 2008
May 30, 8:49 AM EDT |
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| Big Lots continues to invest in the future of this business by rolling out a new store register systems and implementing SAP. |
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| The broadline closeout retailer reported income from continuing operations of $35 million or 42 cents a share, up 29% from $27 million, or 24 cents a share in 2007 as a result of significant expense leverage driven by the comparable store sales increase and improvement in the gross margin rate. Sales were $1.152 billion, compared to $1.128 billion in the prior year. Big Lots completed its $150 million share repurchase program by repurchasing $37 million, or 2.2 million shares. |
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CNW Earnings Call, First Quarter 2008
May 30, 8:41 AM EDT |
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| Income fell 23% to $24 million due to weak demand, excess capacity and the extraordinary rise in energy costs. |
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| The freight transportation and logistics firm reported net income of $22.5 million or 47 cents a share, despite revenue increasing 20% to $1.2 billion on the back of acquisitions. The competitiveness of the pricing environment accelerated due to weak demand, aggressive pricing tactics by major competitors, and the escalation of fuel costs adding an inflationary element to the mix. Given the weak demand environment, the firm believes pricing will remain under pressure for some time. |
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Abercrombie & Fitch Earnings Call, First Quarter 2008
May 29, 8:36 PM EDT |
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| The company continues to focus on improving product quality and the emotional store experience, which enhance long-term competitive advantage. |
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| The casual wear retailer posted Q1 total net sales of $800.2 million versus $742.4 million for the same period last year. Quarterly net income was $62.1 million compared with net income of $60.1 million for the same period in 2007. The management reported an increase of 44% to $62.5 million in total direct-to-consumer net sales versus the same period in 2007 and reaffirmed that the earnings guidance for the first half of fiscal 2008 is expected to be in the range of $1.61 to $1.65. |
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Dress Barn Earnings Call, Third Quarter 2008
May 29, 4:51 PM EDT |
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| Given the uncertain economic environment, the firm manages the business conservatively with focus on keeping inventories and costs in line. |
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| The specialty apparel retailer reported an earnings increase of 8% to $24.9 million or 39 cents a share, as total sales increased 1% to $352.6 million, versus $347.9 million last year, while comparable store sales decreased 3%. While the sales results reflect the continued slowdown in consumer spending, the firm controlled inventory and saw strong merchandise margins. |
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American Eagle Outfitters Earnings Call, First Quarter 2008
May 29, 1:36 PM EDT |
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| The firm is highly focused on improving top line performance and is taking a disciplined approach on inventory investments. |
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| The clothing merchandiser reported a 44% drop in net income to $43.9 million or 21 cents a share from $78.8 million or 35 cents a share in the prior year due as higher costs offset a 5% increase in revenues to $640 million. Going forward, the firm will focus on addressing all operating costs through a comprehensive cost-reduction initiative which should enable it to leverage at a minimum of a flat comp for this year |
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Polo Ralph Lauren Earnings Call, Fourth Quarter 2008
May 29, 1:18 PM EDT |
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| The company made significant investments in long-term initiatives, all in the context of an extremely difficult domestic retail environment. |
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| The brand retailer reported net income growth of 41% to $104 million or $1.00 a share from $73 million or 68 cents a share in the prior year as consolidated net revenues of $1.24 billion, were up 20% due to a combination of organic growth and acquisition. The firm integrated newly acquired businesses, new territories and created an entirely new lifestyle brand. Polo also made strides in merchandise development, including expanding the black label collections for both men and women. |
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Peabody Energy Corporation First Quarter Earnings Call
May 28, 6:31 PM EDT |
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| The strategy to expand the global platform and target high-growth, high-demand markets is delivering significantly improved performance. |
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| The coal firm reported a 34% drop in earnings to $57 million or 21 cents a share from $89 million or 33 cents a share in 2007 on to increased commodity costs, higher production taxes and royalties and weather-related issues. Revenues rose 15% to $1.3 billion on sales of 61 million tons. The development of the global trading activities has given Peabody a competitive advantage from visibility into all global energy markets, which is driving substantial financial and strategic benefits. |
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Lockheed Martin First Quarter Earnings Call
May 28, 6:13 PM EDT |
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| Persistent focus on program execution pays off as the firm continues to secure several new strategic business wins, locally and internationally. |
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| Lockheed, which is engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services, reported net earnings of $730 million or $1.75 per share, up 6% following an 8% growth in revenue to $10 billion. The firm paid a dividend of $172 million and is now well positioned to achieve its commitment to return at least half of the annual free cash flow to shareholders. |
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Continental Airlines Fourth Quarter Earnings Call
May 28, 6:04 PM EDT |
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| In spite of fuel price increases, net income improved on strong revenue growth, and continued cost reduction initiatives. |
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| The airline reported a net loss of $26 million or 29 cents per share, a 39.5% improvement from a loss of $43 million or 53 cents a share in 2005 as revenue increased 12.3% to $3.2 billion. Continental made several product improvements and also announced an alliance with US Helicopter Corporation to provide an eight-minute shuttle service between Manhattan and its New York hub at Newark Liberty. |
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Wachovia First Quarter Earnings Call
May 28, 1:32 PM EDT |
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| Despite strong performance across most segments, results were overwhelmed by credit costs and continued market disruption loses. |
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| The financial services firm reported a loss of $350 million or 20 cents a share, down from a profit of $2.3 billion or $1.20 a share in 2007 as higher credit costs and disruptions in the market led to a 5% drop in revenues to $7.9 billion. Wachovia announced actions to enhance its capital base and operational flexibility, and updated its credit reserve modeling to reflect greater emphasis on forecasted changes in customer behavior assuming continued house price depreciation. |
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