Stein Mart Q1 Earnings Match Estimates
Jacksonville, Fla.–Despite a rise in sales, Stein Mart, Inc. reported a lower Q1 profit, reflecting higher advertising and store selling expenses. Comparable store sales increased 2.6%. Adjusted...
View ArticleMichael Kors Q4 Tops Estimates; Shares Jump
New York—Michael Kors is on a roll. Michael Kors Holdings Ltd. posted Q4 net of $161.0 million (78 cents share), compared with $101.1 million (50 cents per share), a year before. This beat analyst...
View ArticleMuted Northeast Blizzard a Relief for Retailers?
New York—There’s one retail segment that probably hopes for a few winter blizzards of the scope of Juno, the super snowstorm, that hit the Northeast last night and this morning: grocery stores. Thanks...
View ArticleKate Spade Stock Slips on Q1 Report; Analysts Rate it a Buy
After Kate Spade & Company announced Q1 sales, shares of Kate Spade fell as much as 10% yesterday. Even so, analysts rate it a buy, and agree with Kate Spade executives that the company is on its...
View ArticleRalph Lauren Reports Better-Than-Expected Q4
Ralph Lauren Corporation today reported net income of $124 million, or $1.41 per diluted share, for the fourth quarter of Fiscal 2015. Excluding foreign currency impacts, EPS was $1.69 in the fourth...
View ArticleJCPenney Q1 Narrows Loss; Raises Guidance for Fiscal Year
For its first quarter ended May 2, 2015, J. C. Penney Company reported Q1 net sales of $2.86 billion compared to $2.80 billion in the first quarter of 2014. The company posted a loss of $167 million,...
View ArticleMacy’s Q1 Earnings Fall Short
Macy’s Q1 earnings fell short of last year’s, disappointing investors. For the 13-week period ended May 2, 2015, earnings were 56 cents per diluted share, as compared to 60 cents in 2014 Q1. Sales in...
View ArticleKohl’s Stock Falls After Missing Estimate
Kohl’s sales were up for the first quarter, but stocks took a tumble upon the news of a missed estimate. Shares of Kohl’s Corporation fell more than 11% in early trading on Thursday after the company...
View ArticleUrban Outfitters Inc. Misses Q1 Expectations by $20 Million; CEO to Retire
Despite reporting what it hailed as record Q1 sales, Urban Outfitters Inc. missed Wall Street’s expectations by $20 million. First-quarter revenue was up 7.7% to $739 million. Earnings per share of...
View ArticleTarget Q1 Beats Expectations; Digital Sales Up 38%
Target reported first quarter earnings that topped analysts’ expectations. The company earned 98 cents a share, with adjusted earnings of $1.10 a share. Analysts expected $1.03 a share, according to...
View ArticleTiffany Q1 Results Weakened by Strong U.S. Dollar
The strong U.S. dollar is keeping bargain-hunting international tourists away and Tiffany & Co. is feeling the crunch. The company reported its Q1 results ended April 30, 2015, revealing that net...
View ArticleAscena Retail Group, Inc. Reports Third Quarter Results
Ascena Retail Group, Inc. (NASDAQ:ASNA) reported financial results for its fiscal third quarter ended April 25, 2015. This comes following recent news that Ascena has acquired Ann Inc. for $2 billion....
View ArticleSteve Madden Reports Q2 Earnings
Steve Madden, a leading designer and marketer of fashion footwear and accessories for women, men and children, today announced financial results for the second quarter ended June 30, 2015. Overall,...
View ArticleKors Posts Good News in First Quarter
Despite an overall slowing handbag market, lighter retail traffic and complaints of Kors oversaturation and discounting, Michael Kors posted positive–and better-than-expected–results in its fiscal 2016...
View ArticleMacy’s Reports Disappointing Q2 Earnings; Lowers Guidance, Looks to China
Macy’s revealed disappointing second quarter results, and it’s looking to China for future growth opportunities. In an earnings report, Macy’s Inc noted that revenue fell 2.6 % to $6.1 billion in the...
View ArticleNordstrom: 4th Consecutive Quarter of Growth
Nordstrom, Inc. reported Q2 earnings and once again, the news was good. Meeting expectations, total net sales increased 9.2%, marking the fourth consecutive quarter of high-single-digit growth. Q2 net...
View ArticleBon-Ton Reports Q2 Earnings, Lowers Guidance
The Bon-Ton Stores Inc. has reported its second quarter earnings, noting a loss of $39.6 million. Total sales in the period decreased 1.4% to $555.4 million, compared with $563.5 million in the second...
View ArticleBurlington Stores Posts Q2 Results, Raises Outlook
Off-price retailer Burlington Stores, Inc. announced its results for the second quarter and six months ended August 1, 2015. Highlights included a 5.6% increase in comp sales (on top of a 4.7% comp...
View ArticleJ. Crew Reports Loss in Q2; Plans Return to Heritage
In response to decreased earnings and complaints that the company has lost touch with its core customer (see: How to Fix J. Crew), J. Crew has announced a return to heritage items, such as ballet...
View ArticleFossil Shares Jump After Q4 Beats Estimates
Fossil shares jumped as much as 14% in after-hours trading yesterday after the company reported solid fourth-quarter earnings that surpassed analyst expectations. The strong American dollar hurt...
View Article
