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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
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 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
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
June 19, 2007 | From the Associated Press
Theater chain AMC Entertainment Inc. on Monday reported its first annual profit in 10 years, thanks to its acquisition of rival Loews Cineplex Entertainment Corp. and an advertising partnership's initial public offering. AMC parent Marquee Holdings Inc. reported earning $134.1 million during the fiscal year ended March 29, compared with a $190.1-million loss during the same period a year earlier. Revenue increased 46% from $1.69 billion.
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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