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Earnings Analysis: 
Limited Brands Net Drops 27%; PetSmart Net Rises
Author: Trupti Mehta
123jump.com
Last Update: 9:06 AM ET August 20 2009


Limited Brands, Inc, second quarter revenues fell 10% to $2.07 billion and net income fell 27% to $74.3 million or 23 cents a share. PetSmart, Inc second quarter sales rose 5.6% to $1.31 billion and net income rose 5% to $39 million or 31 cents a share.

 
[R]9:10AM New York - Limited Brands, Inc revenue fell 10% and net income fell 27%. PetSmart, Inc sales rose 5.6% and net income rose 5%.[/R]

AFC Enterprises, Inc, a restaurant operator said second quarter revenues fell 9% to $35.7 million from $39.3 million a year ago. Net income in the quarter fell 3% to $6.4 million or 25 cents per diluted share compared to net income of $6.6 million or 26 cents per share a year ago.

Comparable same store sales rose 4.3%.

AFC Enterprises, Inc. (AFCE: chart) in the last one year traded as high as $9.36 in September 2008 and as low as $3.09 in November 2008. Based on the yesterday’s closing price of $7.98 the company has market cap of $201.80 million.

Citi Trends, Inc, a clothing retailer said second quarter revenues fell 3.5% to $111.6 million from $115.7 million a year ago. Net loss in the quarter was $69,000 or break even per diluted share compared to net income of $2.8 million or 20 cents per share a year ago.

Comparable same store sales fell 12.4%.

Citi Trends, Inc (CTRN: chart) in the last one year traded as high as $30.98 in August 2009 and as low as $7.49 in November 2008. Based on the yesterday’s closing price of $28.23 the company has market cap of $414.41 million.

Hot Topic, Inc, a teen clothing retailer said second quarter revenues fell 5% to $157.8 million from $166.8 million a year ago. Net loss in the quarter was $3.2 million or 7 cents per diluted share compared to net loss of $450,000 or 1 cent per share a year ago.

Hot Topic, Inc (HOTT: chart) in the last one year traded as high as $13.25 in April 2009 and as low as $4.92 in October 2008. Based on the yesterday’s closing price of $7.42 the company has market cap of $326.59 million.

JDS Uniphase Corporation, the communications equipment maker said fourth quarter revenues fell 29% to $276.1 million from $390.3 million a year ago. Net loss in the quarter was $59.5 million or 28 cents per diluted share compared to net loss of $29.8 million or 13 cents per share a year ago.

Net revenues for the fiscal year 2009 fell 15% to $1.29 billion from $1.53 billion a year ago. Net loss in the quarter was $866.4 million or $4.02 per diluted share compared to net loss of $21.7 million or 10 cents per share a year ago.

JDS Uniphase Corporation (JDSU: chart) in the last one year traded as high as $11.90 in August 2008 and as low as $2.21 in March 2009. Based on the yesterday’s closing price of $5.79 the company has market cap of $1.25 billion.

Limited Brands, Inc, the specialty retailer of women’s intimate and other apparel said second quarter revenues fell 10% to $2.07 billion from $2.28 billion a year ago. Net income in the quarter fell 27% to $74.3 million or 23 cents per diluted share compared to net income of $102 million or 30 cents per share a year ago.

Comparable same store sales fell 9%.

Limited Brands, Inc (LTD: chart) in the last one year traded as high as $22.06 in September 2008 and as low as $6.26 in March 2009. Based on the yesterday’s closing price of $14.58 the company has market cap of $4.69 billion.

PetSmart, Inc, the pet food and products retailer said second quarter sales rose 5.6% to $1.31 billion from $1.24 billion a year ago. Net income in the quarter rose 5% to $39 million or 31 cents per diluted share compared to net income of $37.2 million or 30 cents per share a year ago.

Comparable same store sales rose 0.8%.

PetSmart, Inc (PETM: chart) in the last one year traded as high as $28.38 in September 2008 and as low as $13.32 in November 2008. Based on the yesterday’s closing price of $22.57 the company has market cap of $2.84 billion.

Phillips-Van Heusen Corporation, the clothing maker said second quarter revenues fell 5.6% to $529.3 million from $561 million a year ago. Net income in the quarter fell 9% to $26.6 million or 51 cents per diluted share compared to net income of $29.2 million or 56 cents per share a year ago.

Phillips-Van Heusen Corporation (PVH: chart) in the last one year traded as high as $41.97 in September 2008 and as low as $13.63 in November 2008. Based on the yesterday’s closing price of $35.22 the company has market cap of $1.82 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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