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BUSINESS
October 30, 2002 | From Reuters
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.
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BUSINESS
December 17, 2004 | Leslie Earnest, Times Staff Writer
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.
BUSINESS
July 31, 2003 | Melinda Fulmer, Times Staff Writer
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.
BUSINESS
January 8, 2003 | Jerry Hirsch, Times Staff Writer
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.
BUSINESS
June 7, 2005 | Leslie Earnest, Times Staff Writer
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.
BUSINESS
April 13, 2010 | Bloomberg News
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.
BUSINESS
June 13, 2003 | From Reuters
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.
BUSINESS
July 30, 1999 | LESLIE EARNEST, TIMES STAFF WRITER
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.
BUSINESS
August 18, 2005 | David Colker, Times Staff Writer
Shares of teenage clothing retailer Hot Topic Inc. tumbled Wednesday after the company reported disappointing second-quarter results and warned that sales and earnings for the rest of the year would be below Wall Street's expectations. The City of Industry-based company saw its earnings drop 80% to $893,000, or 2 cents a share, down from a restated $4.5 million, or 9 cents, last year. Sales for the quarter that ended July 30 increased 12% to $152.2 million, up from $136.3 million.
BUSINESS
May 30, 2012 | By Ryan Faughnder, Los Angeles Times
Teen clothing retailer Tilly's Inc. on Wednesday released its first earnings report since its initial public stock offering in May. The company, which makes surf- and skate-inspired ware, said it had a profit of $5.9 million, or 29 cents a share, for its fiscal first quarter ended April 28, an increase of 21% over the same period a year earlier. Tilly's had sales of $96.5 million, an increase of 16.1%. Comparable-store sales were up 4.3%. The company operates 145 stores, most of which are in California.
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