The Children’s Place Retail Stores Fourth Quarter Earnings Call
Mar 24, 4:19 AM EDT |
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| Net loss was $58.5 million, hurt by one-time charges related to exit of the DSNA chain and as a tough economic environment crimped consumer spending. |
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| Consolidated net sales increased 4% to $670.9 million compared to $645.2 million for the fourteen-weeks ended February 3, 2007. Consistent with its plans to exit the DSNA business and in connection with the review of its expense structure, the company is implementing a workforce reduction to enhance profitability. The company continues to make progress related to its inventory investment strategy. |
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Ross Stores Fourth Quarter Earnings Call
Mar 24, 4:16 AM EDT |
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| Profit rose to $94.5 million as bargain-hunting shoppers bought dresses, shoes and home goods. |
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| Sales rose 3% to $1.65 billion, short of the $1.71 billion analysts expected. Sales fell short of analysts'' estimates as higher gasoline and food prices weighed on consumers. Same-store sales rose 2%. The company continued to strengthen merchandise offerings by expanding the assortment in accessories as well as home and gift-giving categories. Operating margin was 9% compared to 9.3% for the 14 week prior year quarter. |
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General Mills Third Quarter Earnings Call
Mar 21, 5:21 PM EDT |
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| Income grew 61% to $430 million or $1.23 a share from $268 million or 74 cents a share in 2007 driven by volume and net sales increases. |
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| The food processing firm reported a 12% increase in sales to $3.4 billion from $3.1 billion in the prior year due to good pound volume growth and favourable pricing. Product innovation and consumer marketing investments are driving strong growth on the top line while cost-savings efforts, together with pricing actions, are offsetting significantly higher input costs and protecting margins. The firm announced an increase in the quarterly dividend rate to 40 cents per share. |
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Lehman Brothers Holdings First Quarter Earnings Call
Mar 21, 5:18 PM EDT |
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| Revenues fell 31% to $3.5 billion from $5 billion in 2007 reflecting the tough environment and mark to market adjustments on asset re-pricing. |
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| The financial group reported a 57% decrease in net income to $489 million or 81 cents a share from $1.15 billion or $1.96 a share in the prior year on weaker revenue and dislocations in the credit markets. It maintained strong liquidity position, with the Holding Company having a liquidity pool of $34 billion and unencumbered assets of $64 billion, with an additional $99 billion at the regulated entities. Moody’s reaffirmed the A1 credit rating on the strength of the capital base and liquidity. |
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Expedia Fourth Quarter Earnings Call
Mar 21, 9:46 AM EDT |
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| Revenue increased 25% to $665 million driven by increased worldwide merchant hotel revenue and advertising and media revenue. |
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| The online travel company reported a 25% profit drop to $65.4 million from $67.1 million on higher expenses despite higher revenue and stronger margins. The firm ended the year on higher ground with a stabilized supplier outlook, expanded global reach, established media businesses and sharpened marketing prowess. It continues to make strides in capital efficiency by leveraging the balance sheet to meaningfully reduce the share base with an eye toward further repurchases. |
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Media General Fourth Quarter Earnings Call
Mar 21, 9:39 AM EDT |
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| Revenues were $243.8 million, a 10% decrease from $289 million in 2006 due to a shorter comparison period and lower Political revenue. |
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| The media company reported net income of $9.6 million, or 43 cents per diluted share, down 69.6% from $31.6 million, or $1.33 per share in the prior year due to lower revenues, write-downs, an accrued after-tax loss of $2 million and a $1.4 million write-down related to an investment in an interactive entertainment company. |
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Exxon Mobil Fourth Quarter Earnings Call
Mar 21, 9:32 AM EDT |
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| Net income was $11.7 billion or $2.13 per share, up 21% from $10.3 billion or $1.76 per share last year. |
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| The oil company reported a 29.6% increase in revenues to $117 billion from $90 billion in the prior year on increased production and stronger oil prices. Higher crude oil and natural gas realizations and gains on asset sales were partly offset by lower chemical margins. Excluding the Venezuela expropriation, divestments, OPEC quota effects, price and spend impacts on volumes, production was up nearly 3%. It distributed $35.6 billion to shareholders through dividends and share purchases. |
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Aeropostale Fourth Quarter Earnings Call
Mar 21, 9:26 AM EDT |
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| Sales were $591.3 million, up 16.7% from $506.8 million in 2006 driven by average square footage and comparable growth offset by the calendar shift. |
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| The specialty retailer announced income of $64.7 million, or 96 cents a share, up 12.9% from $57.3 million or 73 cents a share in the prior year on revenue growth. The firm executed an accelerated share repurchase of $125 million or 4.8 million shares of its common stock, bringing the total shares repurchased under the program in 2007 to $266.5 million or 11.7 million shares. The firm will be developing a new concept building on its core competencies, while targeting a younger demographic. |
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Morgan Stanley First Quarter Earnings Call
Mar 21, 5:10 AM EDT |
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| The company reported earnings fell to $1.56 billion from $2.67 billion last year amid mortgage write-downs. |
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| Revenue fell 17% to $8.3 billion from last year''s first quarter results of $9.99 billion. Driving the company''s results was a 51% jump in the sales and trading of equities, as well as numbers from institutional securities and fixed-income businesses. Asset management business posted a pre-tax loss of $161 million due to losses on securities issued by structured investment vehicles. |
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Foot Locker Fourth Quarter Earnings Call
Mar 21, 5:00 AM EDT |
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| The fourth quarter profit drops 23% on shorter fiscal year, despite the highest sales and profit percentage increases from the Asia-Pacific business. |
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| The New York based specialty athletic retailer reported net income of $87 million, or 56 cents per share, down from $113 million, or 72 cents per share in the past year quarter. The company noted that there were 14 weeks in the fourth quarter 2006 versus 13 weeks in the current fiscal year quarter. The Board increased the dividend by 20% to an annual rate of 60 cents per share and the management has made a conservative fiscal 2008 earnings forecast of between 65 cents to 85 cents. |
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