May 23, 2003 |
Wet Seal Inc., which sells trendy clothes to girls and women, continued Thursday to pile up losses in the first quarter as comparable-store sales slumped almost 26% compared with the previous year. But the company's stock price jumped 15% as investors focused on the positive as some analysts said the retailer finally could be gaining traction as it tries to turn its business around. Shares closed at $10.05, up $1.32, on Nasdaq. The Foothill Ranch-based company lost $8.
October 30, 2002 |
Musical instruments and products retailer Guitar Center Inc. on Tuesday posted sharply higher third-quarter net income, helped by cost containment and an increase in same-store sales, but the company's revenue increase was lower than expected. The Westlake Village-based company posted net income of $4.4 million, or 19 cents a share, compared with $1.4 million, or 6 cents, in the third quarter of 2001. Net sales rose 13% to $257.4 million.
December 17, 2004 |
Quiksilver Inc.'s annual sales swelled past $1 billion for the first time in fiscal 2004, a first for a "board sports" apparel manufacturer, a quintessentially Southern California enterprise. The Huntington Beach-based company, which makes clothing and gear for surfing, skateboarding and snowboarding, said revenue in the 12 months ended Oct. 31 rose 30% to $1.27 billion. Analyst Jeffrey Van Sinderen at B. Riley & Co.
July 31, 2003 |
Big 5 Sporting Goods Corp.'s earnings jumped 52% in the second quarter, the company said Wednesday, as stronger sales of apparel and outdoor goods helped offset the dampening effects of poor weather. The El Segundo-based retailer, which went public in June 2002, said net income climbed to $6.3 million, or 28 cents a share, from $4.1 million, or 13 cents a share, a year earlier.
January 8, 2003 |
The Christmas season has left executives at Guitar Center Inc. playing a happy tune. Shares of the Westlake Village-based retailer of guitars and other music equipment soared $3.94, or 23%, to $20.80 Tuesday on Nasdaq, a day after alerting Wall Street that it was raising its fourth-quarter earnings estimate after strong holiday sales boosted quarterly revenue to a record $335 million.
June 7, 2005 |
Sportswear maker Quiksilver Inc. said Monday that fiscal second-quarter profit rose 25%, aided by favorable exchange rates and rising international sales. The Huntington Beach company's global reach will only increase with its acquisition of Skis Rossignol of France, which Quiksilver said should be completed by the end of next month. Earnings for the quarter ended April 30 were $34.7 million, or 28 cents a share, compared with $27.8 million, or 24 cents, a year earlier.
April 13, 2010 |
California Pizza Kitchen Inc. said it is reviewing options including a possible sale and reported preliminary first-quarter earnings that beat its forecast. The shares gained 2% in morning Nasdaq trading. Alternatives may include a sale, merger or changes to the company's capital structure, the Los Angeles-based restaurant chain said today in a statement. Moelis & Co. is advising the company, which has 253 company-owned stores and franchises. The shares jumped 14% on the Nasdaq Stock Market on Friday after the Wall Street Journal reported the restaurant chain had approached potential buyers, including private-equity firms.
June 13, 2003 |
Network equipment maker 3Com Corp. said Thursday that it would cut 10% of its workforce, about 390 jobs, over the next six months to reduce costs amid weak demand for its products. 3Com said the decision would affect mostly employees in the United States and Europe. Within the United States, the deepest cuts will be in the company's Santa Clara, Calif., headquarters. 3Com employed 3,900 people at the end of its fiscal third quarter, which ended in February. Shares rose 5 cents to $5.
July 22, 2013 |
Carmike Cinemas, Inc., the country's fourth largest theater chain, said it would issue 4.5 million shares of its common stock as part of a plan to expand nationwide. In addition, Carmike expects to grant the underwriters a 30-day option to purchase up to an additional 675,000 shares of common stock. Carmike said it will use the proceeds from the offering for various uses, including funding potential acquisitions at a time when the U.S. exhibition industry is consolidating. PHOTOS: Celebrities by The Times Earlier this year, Regal Entertainment Group, the nation's largest theater circuit, scooped up Hollywood Theaters, a Portland, Ore., chain that operates 43 theaters in 16 states, for $191 million in cash and about $47 million of assumed lease obligations.
July 30, 1999 |
Mossimo Inc. reported its first quarterly operating profit in two years Thursday, as sales from ongoing operations rose 22%. Factoring in a one-time charge of $6.1 million, the Irvine-based clothing designer remained in the red. But Mossimo's improving numbers indicate that its internal reorganization is paying off, according to Chief Executive Edwin Lewis.