Coach Fourth Quarter Earnings Call
Sep 26, 9:06 AM EDT |
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| Fourth-quarter net sales jumped 30% to $652 million, up from $502 million generated a year ago. |
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| The leading marketer of modern classic American accessories announced a 41% increase in net income to $159 million, or 42 cents per share, vs. $113 million, or 29 cents a year ago. Quarterly operating income rose 43% to $245 million, vs. $172 million last year. For the full fiscal year, earnings per share increased 41% to $1.69, vs. the prior fiscal year on the same continuing operations basis. Full-year net sales climbed 28% to $2.61 billion, vs. $2.04 billion a year ago. |
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Best Buy Second Quarter Earnings Call
Sep 26, 5:12 AM EDT |
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| Profit increased 8.7% to $250 million, as international demand and sales of flat-panel television and video game products surged. |
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| The consumer electronics retailer revenue rose 15% to $8.75 billion, surpassing analysts’ expectations of $8.48 billion. The rise in revenue was driven by new U.S. store openings, strong growth in the international segment and a company comparable store sales gain of 3.6 %. The gross profit rate declined by 60 basis points, due to the addition of the China business and increased revenue from low-margin computers and video gaming hardware. For 2007, EPS are expected to be $3 to $3.15 per share. |
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The Dress Barn Fourth Quarter Earnings Call
Sep 26, 4:51 AM EDT |
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| Profit increased 38% to $33.6 million, beating market expectations, driven by higher sales. |
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| Women''s clothing retailer reported revenue increase of 11% to $379.9 million, surpassing analysts’ expectations of $376.9 million. Same-store sales rose 5%. The company recognized, within net sales, $3.7 million from the non-redemption of a portion of gift cards and gift certificates sold, and merchandise credits issued. The company completed the $75 million share repurchase program by recently repurchasing 2.6 million of total outstanding shares at cost of approximately $48.3 million. |
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Bear Stearns Third Quarter Earnings Call
Sep 25, 1:58 PM EDT |
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| Income fell 62% to $168 million from $449 million in 2006 as a result of poor revenues performance. |
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| The financial services firm realized a 38% decrease in revenues from $2.1 billion in 2006 to $1.33 billion, due to declines in fixed income and asset management business revenues, following lack of global liquidity and price declines in mortgage and leverage finance assets. However, the liquidity position was enhanced by strengthening the balance sheet to ensure ability to meet short term unsecured debt maturities. The share repurchase authorization was increased to $2.5 billion. |
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Nike First Quarter Earnings Call
Sep 25, 1:56 PM EDT |
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| Income rose 51% to $570 million from $377 million in 2007, driven by strong operating performance. |
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| The designer, marketer and distributor of sportswear reported an 11% increase in revenue to $4.7 billion as it benefited from the weaker dollar and strong performance from all regions. The revenue growth is in line with the aggressive growth plan to achieve $23 billion in revenue by fiscal year 2011. Future orders for delivery also increased to $5.9 billion. Revenue growth is expected grow to low double digit levels driven by business momentum and a favorable currency outlook. |
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General Mills First Quarter Earnings Call
Sep 25, 1:54 PM EDT |
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| Net income rose 8.2% to $288.9 million from $266.9 million a year earlier, helped by both domestic and international sales growth. |
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| The foodmaker reported revenue increases of 7 % to $3.07 billion, surpassing the estimates of $3 billion. Retail snack sales in the U.S. jumped 16%, helped by Nature Valley grain snacks, while international sales surged 19%. General Mills increased consumer marketing spending by 11% as it plans to unveil more products after last year rolling out more than 400 products, which included Fiber One bars. Full-year EPS are expected at $3.39 to $3.43 per share. |
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Payless Shoesource Second Quarter Earnings Call
Sep 25, 6:09 AM EDT |
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| Due to costs related to distribution centre initiative and integration of Strides Rite, the net income dropped 23% from prior year to $25 million. |
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| The specialty footwear retailer reported revenue of $699 million, down marginally from the previous year. Even though the same store sales dropped 1.4%, the company increased its market share in the quarter. Payless Shoesource, following the acquisition of Strides Rite, has changed its corporate name to Collective Brands. The company expects the acquisition to be accretive to EPS in 2008, as the Stride Rite unit''s earnings contribution is expected to exceed the incremental interest expense. |
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Carnival Third Quarter Earnings Call
Sep 24, 1:52 PM EDT |
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| Profit rose 12% to $1.38 billion, as capacity was moved to Europe and a modest recovery from weak pricing in the Caribbean market. |
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| The cruise operator’s revenue rose 10% to $4.32 billion as the number of passengers aboard its ships increased 9.5%. North American brands enjoyed strong European season, a solid Alaska season, and a modest year over year improvement in revenue yields in the Caribbean. The company has repurchased 4.5 million shares of its stock for approximately $195 million since the beginning of Q3. For Q4, earnings are expected to be in the range of 42 cents to 44 cents per share. |
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Circuit City Stores Second Quarter Earnings Call
Sep 24, 11:52 AM EDT |
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| Net loss was $62.8 million compared to earnings of $10 million in fiscal 2007 due to poor sales. |
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| The retailer of consumer electronics and related services reported a 6.2% decrease in net sales from $2.82 billion in the prior year to $2.64 billion as domestic and international segment sales slumped 6.3% and 3.9%, respectively. The rollout scheduled for RPOS, as well as completion of the store level changes should help mitigate some of the short-term disruption resulting in positive earnings by the fourth quarter. The firm took action to reduce SG&A expenses by $150 million before year end. |
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Goldman Sachs Third Quarter Earnings Call
Sep 24, 11:22 AM EDT |
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| The company earned $2.85 billion, or $6.13 a share, in the third quarter compared to $1.59 billion, or $3.26 a share a year ago. |
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| The investment bank attributed the 79% profit growth to sale of Horizon Wind Energy and the increase in mortgage trading revenue. Total net revenue climbed 63% from a year ago to $12.33 billion. Third-quarter operating expense amounted to $8.08 billion, up 55% from a year ago earlier and up 20% sequentially. |
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