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Earnings Analysis: 
Kroger Co Net Falls 27%; Dick’s Sporting Goods Sales Up
Author: Mita Yagnik
123jump.com
Last Update: 9:23 AM ET March 09 2010



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The Kroger Co fourth quarter sales rose 7.5% to $18.6 billion and net income fell 27% to $255.4 million or 39 cents a share. Dick’s Sporting Goods, Inc fourth quarter sales rose 10.7% to $1.34 billion and net income was $67.4 million or 56 cents a share.

 
[R]9:20AM New York - The Kroger Co sales rose 7.5% and net income fell 27%. Dick’s Sporting Goods, Inc sales rose 10.7% and net income was $67.4 million.[/R]

Dick’s Sporting Goods, Inc (DKS: chart), the sporting goods retailer reported fourth quarter sales rose 10.7% to $1.34 billion from $1.21 billion a year ago. Net income in the quarter was $67.4 million or 56 cents per diluted share compared to net loss of $105.6 million or 94 cents per share a year ago.

Comparable same-store sales increased 2.5%.

Net sales for the year 2009 rose 7% to $4.41 billion from $4.13 billion a year ago. Net income for the year was $135.4 million or $1.15 per diluted share compared to net loss of $39.9 million or 36 cents per share a year ago.

Dick’s Sporting Goods, Inc in the last one year traded as high as $26.28 in January 2010 and as low as $10.26 in March 2009. Based on the yesterday’s closing price of $25.62 the company has market cap of $2.94 billion.

Korn/Ferry International (KFY: chart), a provider of talent management solutions reported third quarter revenues rose 6% to $152.9 million from $144.5 million a year ago. Net income in the quarter was $7.9 million or 17 cents per diluted share compared to net loss of $22.4 million or 52 cents per share a year ago.

Korn/Ferry International in the last one year traded as high as $18.22 in March 2010 and as low as $7.54 in March 2009. Based on the yesterday’s closing price of $18.04 the company has market cap of $825.75 million.

The Kroger Co (KR: chart), a retailer reported fourth quarter sales rose 7.5% to $18.6 billion from $17.3 billion a year ago. Net income in the quarter fell 27% to $255.4 million or 39 cents per diluted share compared to net income of $349.2 million or 53 cents per share a year ago.

Net sales for the year 2009 rose 0.8% to $76.7 billion from $76.1 billion a year ago. Net income for the year fell 94.4% to $70.0 million or 11 cents per diluted share compared to net income of $1.25 billion or $1.89 per share a year ago.

The Kroger Co in the last one year traded as high as $24.80 in October 2009 and as low as $19.39 in March 2009. Based on the yesterday’s closing price of $22.90 the company has market cap of $14.88 billion.

WuXi PharmaTech (Cayman) Inc (WX: chart), the pharmaceutical research outsourcing company reported fourth quarter revenues rose 15% to $73.9 million from $64.4 million a year ago. Net income in the quarter was $12.1 million or 16 cents per ADS compared to net loss of $93.9 million or $1.42 per ADS a year ago.

Total net revenues for the year 2009 rose 6.5% to $270.0 million from $253.5 million a year ago. Net income for the year was $52.9 million or 72 cents per ADS compared to net loss of $64.2 million or $1.01 per ADS a year ago.

WuXi PharmaTech (Cayman) Inc in the last one year traded as high as $18.00 in January 2010 and as low as $3.67 in March 2009. Based on the yesterday’s closing price of $15.81 the company has market cap of $1.08 billion.
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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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