Urban Outfitters Fourth Quarter Earnings Call
Mar 10, 5:24 AM EDT |
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| Profit rose 50% to $53.6 million, helped by strong comparable-store sales across all its brands and channels. |
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| Net sales at the Philadelphia-based retailer rose about 29% to $465.4 million, while comparable-store sales grew by 11%. Direct sales increased by 39% to $72.9 million, driven by a circulation increase of just 19%. The company’s operating expense leveraged 101 basis points to 22.3%, principally due to the leveraging of direct store controllable and other corporate expense. Urban Outfitters plans to open 45 to 49 new stores during fiscal 2009. |
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Coldwater Creek Fourth Quarter Earnings Call
Mar 10, 4:25 AM EDT |
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| The company swung to a loss of $17 million due to lower traffic in its stores and more clearance sales. |
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| The apparel retailer’s revenue fell 6% to $345.5 million from $366.6 million. Analysts predicted revenue of $358.3 million. Retail sales grew less than 1% while direct, or phone and internet, sales fell 16%. Sales fell largely due to a mid-single-digit percent drop in comparable retail traffic. Clearance sales also lowered overall revenue. In the first quarter, the company expects to report a loss of 14 cents to 17 cents a share on revenue ranging from $233 million to $246 million. |
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PetSmart Fourth Quarter Earnings Call
Mar 08, 3:30 PM EST |
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| Net income was $258.7 million, or $1.95 a share, up 39.8% from $185.1 million or $1.33 a share in 2006 following a strong top-line performance. |
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| The largest specialty pet retailer of services and solutions for the lifetime needs of pets generated a 22% revenue growth to $458.7 million not withstanding the harsh macro economic environment. The company exited the State Line Tack business, opened a replacement distribution center in Newnan, Georgia, and sold a portion of shares in MMI Holdings, Inc. |
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Gap Fourth Quarter Earnings Call
Mar 08, 5:30 AM EST |
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| Earnings were $265 million or 35 cents a share, up 46% from $219 million or 27 cents a share in the prior year due to an increase in margins. |
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| The clothing company reported net sales of $4.7 billion, down marginally from $4.9 billion in the prior year as comparable store sales decreased 3%.The decrease is attributable to the weaker consumer in the challenging economic environment. The company completed its $1.5 billion share repurchase program and repurchased about 30 million shares for a total of $613 million. Going forward, the firm intends to increase its'' annual dividend to 34 cents a share from 32 cents a share. |
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Costco Wholesale Second Quarter Earnings Call
Mar 07, 10:39 AM EST |
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| Net income was $327.9 million, or 74 cents per share, rising 31.4% from $249.5 million, or 54 cents per share due to revenue growth. |
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| The retailer reported a 12% growth in net sales to $16.62 billion, from $14.80 billion in 2006 as prior year sales results were negatively impacted by an increase in the sales returns reserve of $224.4 million. Sales were driven by the international segment while in the US, results were impacted by the effect of recent gasoline price inflation, with the average sales price per gallon of gasoline up 29%. |
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Fidelity National Information Services Fourth Quarter Earnings Call
Mar 07, 8:13 AM EST |
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| Net earnings totaled $108.4 million or 55 cents a share, up 44% from $75 million or 37 cents a share due to revenue growth. |
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| The global provider of technology services to financial institutions reported a 20% increase in consolidated revenue to $1.3 billion from $1.11 billion in the prior year due to growth in Transaction Processing Services and Lender Processing Services, despite a highly challenging economic environment. The company expects to make significant progress with the eFunds integration, and is on track to complete the spin-off of its Lender Processing business by mid 2008. |
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Rowan Companies Fourth Quarter Earnings Call
Mar 07, 6:19 AM EST |
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| Net income rose 122% to $138.5 million or $1.23 per share, from $62.4 million or 56 cents per share in 2006 due to revenue growth. |
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| The provider and manufacturer of international and domestic contract drilling services and equipment reported a 51.8% increase in revenues to $623.6 million from $410.9 million in the prior year due to high commodity prices, strong demand in international offshore markets, improved average day rates, and record contributions from the company’s manufacturing division. |
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Big Lots Fourth Quarter Earnings Call
Mar 07, 4:55 AM EST |
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| The profit dropped to $92 million or $1.04 per share as against $104.3 million or 94 cents per share in the prior year. |
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| The discount retailer reported revenue decline of 9% over last year to $1.41 billion, on marginal decline in same store sales. In Q4, SG&A improved 130 basis points to 30.3%, primarily through distribution and transportation efficiencies, lower insurance costs and lower utilities. Big Lots has entered into an agreement with SAP and from mid 2008, it will start moving toward the implementation of SAP systems. For fiscal 2008, the firm projects non-GAAP EPS in the range of f $1.70 to $1.80. |
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Staples Fourth Quarter Earnings Call
Mar 07, 4:08 AM EST |
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| Profit dipped as the company suffered declining North American retail sales offset by gains in its overseas and delivered products businesses. |
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| The office products supplier’s revenue increased 1% to $5.32 billion from $5.29 billion in the previous year''s fourth quarter. Sales at North American retail stores decreased 4% to $2.8 billion, while North American sales of delivered business products rose 4% to $1.7 billion. International sales rose 13% to $812 million, although the rise was just 3% accounting for fluctuating currency values. Staples expects per-share earnings to grow in the high single digits for the year. |
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Abercrombie & Fitch Fourth Quarter Earnings Call
Mar 06, 6:53 AM EST |
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| Net income per share rose 12% to $2.40 from $2.14 in the year ago quarter, on net income of $216.8 million and $198.2 million respectively. |
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| The casual wear retailer posted total net sales of $1.229 billion, an 8% increase from $1.139 billion in the last year quarter, as international stores continued to generate exceptional sales and profits. In January, the company launched its newest concept, Gill Hicks. The Board of Directors declared a quarterly cash dividend of 17.5 cents per share and management now forecasts first half fiscal 2008 net income per diluted share to be in the range of $1.61 to $1.65. |
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