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Measure Of Retail Health

BUSINESS
April 8, 2005 | From Associated Press
A huge tax credit in the fourth quarter helped Rite Aid Corp. overcome disappointing sales and quadruple its earnings. The drugstore chain reported that it earned $223.4 million, or 35 cents a share, compared with $53.5 million, or 9 cents, a year earlier, after costs for preferred stock dividends. Without the $179.5-million tax credit, the company earned $43.9 million, or 6 cents a share. Revenue dropped to $4.34 billion, down 1% from $4.4 billion last year.
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BUSINESS
September 27, 2005 | From Bloomberg News
Walgreen Co., the biggest U.S. drugstore chain, reported disappointing fourth-quarter profit growth of 1.4% after Hurricane Katrina closed stores. Net income climbed to $329 million, or 32 cents a share, from $324.4 million, or 32 cents, a year earlier. Sales rose 11% to $10.5 billion. Sales at stores open at least a year, a key measure of retail health, increased 7%. The hurricane shut 32 locations and ruined merchandise and equipment at stores in and around New Orleans, boosting costs by $54.
BUSINESS
October 5, 2006 | From the Associated Press
Blaming a computer error, Wal-Mart Stores Inc. on Wednesday lowered its September sales estimate again. Wal-Mart cut its estimate to 1.3% from 1.8% on Saturday. The discounter originally forecast sales at stores open at least a year in a range of 1% to 3%. Wal-Mart said Wednesday that it revised the figure because it "incorrectly coded" 235 Wal-Mart stores and Sam's Club warehouse stores in calculating comparable sales for the five weeks comprising the September period.
BUSINESS
April 25, 2007 | From the Associated Press
Casual dining chain Cheesecake Factory Inc. said its first-quarter profit fell nearly 5% on higher costs but still met analyst expectations. Net income dropped to $18.4 million, or 24 cents a share, from $19.3 million, or 24 cents, a year earlier, the Calabasas Hills company said. Revenue rose 16% to $356.6 million. Analysts polled by Thomson Financial projected income of 24 cents a share on revenue of $359.7 million.
BUSINESS
November 9, 2007 | From Times Wire Services
California Pizza Kitchen Inc. reported a 79% drop in third-quarter earnings due to costs from closing four restaurants and forecast 2008 profit below Wall Street estimates. Third-quarter net income fell to $1.4 million, or 5 cents a share, from $6.7 million, or 23 cents, a year earlier. Revenue rose 13.5% to $162 million. Same-store sales, a key measure of retail health, grew 3.5%. For the fourth quarter, the Los Angeles-based company forecast earnings of 22 cents to 23 cents a share.
BUSINESS
March 12, 2004 | From Dow Jones/Associated Press
Petco Animal Supplies Inc.'s earnings rose 7.8% in the latest quarter as solid sales gains and improved margins more than offset a substantial debt retirement charge. The San Diego-based pet supplies chain reported net income for its fiscal fourth quarter of $20.9 million, or 36 cents a share, compared with $19.4 million, or 33 cents, a year earlier. Excluding the debt retirement charge, Petco earned $27.4 million, or 47 cents a share. Fourth-quarter revenue climbed 12% to $455.7 million.
BUSINESS
May 10, 2006 | From the Associated Press
California Pizza Kitchen Inc. said its first-quarter profit edged up 7.8% to $4.6 million, or 23 cents a share, from $4.3 million, or 22 cents, a year earlier. Revenue rose 17.5% to $129.7 million. Analysts polled by Thomson Financial were looking for earnings of 23 cents a share, including stock options. Excluding stock-based compensation expenses, earnings were $5.6 million, or 27 cents a share. Sales at restaurants open at least a year, a key measure of retail health, gained 6.
BUSINESS
November 17, 2005 | From Associated Press
Hot Topic Inc. said Wednesday that net income fell 52% in the third quarter as same-store sales declined. Profit at the mall-based teen retailer fell to $5.9 million, or 13 cents a share, from $12.4 million, or 26 cents, last year. Sales increased 7% to $192.7 million. Sales at stores open at least a year, a key measure of retail health, fell 6.2%, a steeper drop than the 4.2% decrease last year.
BUSINESS
August 5, 2008 | From Bloomberg News
Shares of Charlotte Russe Holding Inc., the San Diego-based clothing retailer with 469 namesake stores, fell 18.9% after the chief financial officer and general merchandise manager resigned less than two weeks after the chief executive left the company. Charlotte Russe shares dropped $2.45 to $10.49 on Monday. The shares have fallen 35% this year. Chief Financial Officer Patricia Johnson and General Merchandise Manager Patricia Shields will leave the company Aug. 14, according to the company.
BUSINESS
February 17, 2006 | From Bloomberg News
J.C. Penney Co. said Thursday that fourth-quarter profit surged 65% on holiday sales of clothing and a tax gain. Net income rose to $551 million, or $2.34 a share, helped by a $101-million tax benefit. A year earlier, profit was $333 million, or $1.17. Sales climbed 4.2% to $6.2 billion, Plano, Texas-based J.C. Penney said. Sales at stores open at least a year, an important measure of retail health, rose 2.6% after J.C.
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