Foot Locker First Quarter Earnings Call
May 27, 4:04 AM EDT |
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| Profit fell to $3 million, hurt by an impairment charge and nearly flat sales. |
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| Revenue fell to $1.31 billion from $1.32 billion last year. Gross margin rate increased by 60 basis points from last year reflecting a 130 basis point improvement in merchandise margin rate and a 70 basis point deleveraging of buying and occupancy rate. Depreciation expense declined by $11 million versus the first quarter of last year. The company continues to expect a profit of 65 cents to 85 cents per share, excluding an impairment charge. |
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GameStop First Quarter Earnings Call
May 26, 6:37 PM EDT |
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| The firm is bullish about the future with growth attributed to a new title lineup, new sales driven by used trades and strong hardware sales. |
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| The gaming and entertainment company reported earnings of $62.1 million or 37 cents a share, up 151% over the prior year on the back of a 42% increase in revenues to $1.8 billion from $1.3 billion. The unique GameStop new and used model coupled with the continued growth of stores in both existing and emerging markets, expanding demographic reach, new applications and emerging genre make account for the solid performance. The firm opened an additional 210 new stores. |
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Ann Taylor Stores First Quarter Earnings Call
May 26, 6:32 PM EDT |
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| As the firm focuses on strengthening the core businesses and reducing cost structure, clients are expecting broader incentives to make purchases. |
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| The women’s specialty retailer reported income of $28 million or 47 cents a share, down 20% from $35 million or 46 cents a share in 2007 due to weaker margins as net sales marginally improved to $592 million. Despite the highly promotional nature of the sector this quarter, Ann Taylor Stores successfully managed the business to deliver a gross margin that was only 40 basis points below a year ago and inventories that were significantly below a year ago. |
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The Children’s Place Retail Stores First Quarter Earnings Call
May 26, 7:36 AM EDT |
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| Profit was $19.5 million, helped by increased sales and the absence of a year-earlier loss from discontinued operations. |
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| Net sales, excluding the Disney Store North America business which it has exited, rose 12% to $400.2 million. Same-store sales rose 5%. Gross profit dollars increased 13% to $171.1 million. SG&A as a percentage of sales was 29.8% representing 40 basis points of leverage. Interest expense was $500,000 compared to interest income of $1 million last year since the company carried debt all quarter this year. |
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Orient-Express Hotels First Quarter Earnings Call
May 26, 7:34 AM EDT |
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| The company posted a wider loss to $4.3 million as several of European hotels were closed and tourist trains. |
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| Revenue rose 23% to $119.9 million as same-store revenue per available room growth of owned hotels increased 14%. Loss from continued operations was 6 cents a share, while adjusted loss from continuing operations was 9 cents a share. The tax benefit reported by the company was $2.4 million compared with a tax benefit of $1.5 million in the prior year. In April 2008, the company renewed a $47 million term loan secured on the Windsor Court hotel for a further 5 years. |
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Limited Brands First Quarter Earnings Call
May 26, 5:05 AM EDT |
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| Profit rose to $97.8 million helped by an $81 million after-tax gain from the sale of a joint venture. |
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| Net sales fell to $1.9 billion, from $2.3 billion in 2007. Results included a gain of 24 cents per share from the sale of a non-core joint venture, as well as an impairment charge of 6 cents per share. Same-store sales fell 8%. The company projects Q2 share earnings to be between 16 cents and 20 cents, compared with 20 cents last year, and 2008 share earnings to between $1.38 and $1.58, excluding the 18 cent share gain in Q1. |
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American Express First Quarter Earnings Call
May 26, 5:01 AM EDT |
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| The management continues on a strategy centered on positioning the company to gain profitable share despite the macro environment. |
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| The leading global payments and travel company reported stronger than expected revenue growth, despite a weak and uncertain U.S. economy. The first quarter consolidated revenues, net of interest expense, of $7.2 billion compared with $6.5 billion in the same period last year. The income from continuing operations were $974 million, a decrease of 11% from $1.1 billion in the first quarter of 2007. The company remains on track for the 4% to 6% EPS growth indicated at start of the year. |
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Zale Third Quarter Earnings Call
May 26, 4:16 AM EDT |
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| The company posted a bigger quarterly net loss of $16.8 million, hurt by aggressive markdowns. |
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| Revenue rose to $477 million from $449 million a year earlier, ahead of analysts’ expectations of $457 million. Zale reduced inventory by $55 million while gross margins fell by 460 basis points, or 4.6%. The company has been buying back stock, having repurchased 13.8 million shares so far in fiscal 2008 at an average price of $18.06. The company would seek to cut inventory by $100 million in the second half of the year, at the cost of a 500-basis-point decline in margins. |
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Manitowoc First Quarter Earnings Call
May 26, 2:09 AM EDT |
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| The company continues to leverage its leadership position in cranes and operating margin is the highest since the Grove acquisition in 2002. |
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| The provider of lifting equipment for the global construction industry reported record sales and earnings performance with first quarter net sales of $1.1 billion, representing an increase of 25% from $862.1 million in the year ago quarter. The quarterly EPS from continuing operations were 78 cents compared with 50 cents for the first quarter of 2007. The management announced that net sales, operating earnings and margins increased in all the three business segments. |
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Interactive Data First Quarter Earnings Call
May 26, 1:50 AM EDT |
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| Organic revenue growth rate reflects the success in winning business from existing and new institutional customers in H2 of 2007 and into 2008. |
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| The leading global provider of financial market data, analytics and related services posted strong first quarter revenues, driven by excellent performances in two of the largest institutionally oriented businesses, Pricing & Reference Data and Real-Time Services. The Q1 revenues were $181.7 million compared with $162.5 million in the first quarter of 2007. The net income for the quarter was $32.3 million, representing a 26.1% increase versus $25.6 million in Q1 of 2007. |
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