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Earnings Analysis: 
Earnings: Kroger, Dick's, Bon-Ton
Author: 123jump.com Staff
123jump.com
Last Update: 3:36 PM EDT March 11 2008



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The Buckle, Inc. (BKE), a retailer of casual apparel, footwear and accessories reported revenue for the fourth quarter ended February 2008 gained 18% to $207 million from $175 million. Same-store sales rose 18.7% during the quarter.

Net income for the fourth quarter of fiscal 2007 was $29.1 million, or $0.94 per share on a diluted basis compared with $22.1 million or $0.73 per share for the same quarter of fiscal 2006.

Full year sales increased 17% to $619.9 million from $530.1 million a year earlier. For year ended 2008 net income was $75.2 million or $2.44 per share on a diluted basis compared with $55.7 million or $1.86 per share on a diluted basis for the year ended 2007. Buckle runs 370 retail stores in 38 states.

Buckle (BKE) stock fell 38 cents to $44.62.

The Kroger Co. (KR) retailer of food and drug stores said total sales increased 2.2% to $17.2 billion for the fourth quarter ended February 2, 2008. Net earnings in the fourth quarter totaled $322.9 million, or $0.48 per diluted share compare to $384.8 million, or $0.54 per diluted share same period last year.

For the year 2007 total sales increased 6.2% to $70.2 billion. Net profits for the year were $1.18 billion, or $1.69 per share, up from $1.11 billion or $1.54 per share for year-ago.

Kroger operated 2,486 supermarkets and multi-department stores in 31 states, operating under two dozen banners that include Ralphs, Fred Meyer, Food 4 Less, Fry's , Smith's, Dillons, QFC and City Market.

For fiscal 2008, Kroger anticipates earnings between $1.83 and $1.90 per diluted share.

Kroger (KR) stock added 8 cents to $25.40.

Dick's Sporting Goods, Inc. (DKS), sporting goods retailer said that net sales for the 13 weeks increased 18% to $1.21 billion due to the opening of new stores, the inclusion of Golf Galaxy in this year's quarterly results (which will be included in Dick's Sporting Goods comparable store sales calculation beginning in Q1 2008).

Comparable store sales increase of 2.7% on 13-week comparable basis or an increase of 3.4% in the same quarter.

Net income for the 13 weeks ended February 2, 2008 increased 8% to $73.2 million and earnings per diluted share increased 3.3% to $0.62, compared to net income of $67.7 million, or $0.60 per diluted share for the 14 week quarter prior year.

Net sales for the 52 weeks increased 25% to $3,888.4 million as compared to the 53 weeks ended February 3, 2007, while comparable store sales at Dick's stores on 52-week basis increased 2.4%, compared to a 6.0% increase last year.

Net income for the 52 weeks ended February 2, 2008 increased 38% to $155.0 million and earnings per diluted share increased 30% to $1.33, as compared to prior year 53 week net income of $112.6 million, or $1.02 per diluted share a year-ago.

Dick’s stock (DKS) fell 33 cents to $25.37.

Bon-Ton Stores Inc. (BONT), department stores chain said that for the fourth quarter, sales dropped to $1.14 billion, down 9% from $1.25 billion a year ago. For the period ended Feb. 2, 2008, earnings slid to $75.2 million, or $4.43 per share, compared to $88.4 million, or $5.20 per share, in the same quarter of last year.

Full-year 2007 revenue edged to $3.37 billion, up 0.3% from $3.36 billion in the previous year. Annual net income plunged 75% to $11.6 million, or 68 cents per share, from $46.9 million, or $2.78 per share a year-ago.

Same-store sales for Bon-Ton and Carson's combined fell 3.6%. Bon-Ton purchased Carson Pirie Scott in 2006.

Bon-Ton Stores (BONT) stock rose 36 cents to $5.63.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.

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