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Measure Of Retail Health

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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BUSINESS
February 4, 2006 | From Bloomberg News
Wendy's International Inc. reported a fourth-quarter profit after selling real estate. Net income was $30 million, or 25 cents a share. A year earlier, Wendy's lost $141.4 million, or $1.25, after the company wrote down the value of its Baja Fresh Mexican Grill chain. Sales in the quarter declined 0.1% to $977.3 million, Dublin, Ohio-based Wendy's said. Sales at stores open at least a year, a key measure of retail health, fell 2.9% in the quarter. Comparable sales at rival McDonald's climbed 4.
BUSINESS
September 15, 2004 | From Bloomberg News
Pier 1 Imports Inc., the largest U.S. retailer of imported home furnishings, said fiscal second-quarter earnings fell 43% because of a decline in store traffic. Net income was $10.4 million, or 12 cents a share, compared with $18.4 million, or 20 cents, a year earlier. Sales rose 5.7% to $452.3 million, the Fort Worth-based company said. Same-store sales, a key measure of retail health, fell 3%. Profit was a penny more than the average analyst estimate of 11 cents. Pier 1 shares rose $1.
BUSINESS
February 22, 2006 | From Bloomberg News
Home Depot Inc. said Tuesday that fiscal fourth-quarter profit rose 23%, the biggest gain in two years, on sales of refrigerators, washing machines and kitchen cabinets. Net income climbed to $1.29 billion, or 60 cents a share in the quarter ended Jan. 29, exceeding analysts' estimates. Year-earlier profit was $1.04 billion, or 47 cents a share. Sales rose 16% to $19.5 billion, Atlanta-based Home Depot said. Sales at stores open at least a year, a key measure of retail health, gained 5.5% as U.
BUSINESS
November 18, 2005 | From Bloomberg News
Limited Brands Inc. reported a third-quarter loss Thursday, its first in at least 10 years, because of a decline in lingerie sales at Victoria's Secret and women's dress pants and shirts at its Express chain. The loss of $12.3 million, or 3 cents a share, compared with net income of $78.3 million, or 16 cents, a year earlier. Sales were unchanged at $1.89 billion, the Columbus, Ohio-based company said.
BUSINESS
December 13, 2006 | From the Associated Press
CKE Restaurants Inc., which owns the Carl's Jr. and Hardee's hamburger chains, said Tuesday that its fiscal third-quarter profit dropped 40% as a hefty income tax expense offset sales growth. Net income declined to $9.5 million, or 13 cents a share, from $15.8 million, or 23 cents, a year earlier, the Carpinteria, Calif.-based company said. Income taxes surged to $10.1 million, or 14 cents a share, from $570,000, or 1 cent, a year earlier. Revenue grew to $364.9 million from $344.
BUSINESS
December 13, 2008 | Bloomberg News
Toys R Us Inc., the largest U.S. toy-store chain, said Friday that its fiscal third-quarter loss widened as the global economic slowdown curbed sales and crimped gross margins. The loss was $104 million, compared with $76 million a year earlier, the Wayne, N.J.-based company said in a regulatory filing. Revenue for the period ended Nov. 1 fell less than 1% to $2.77 billion. Sales at stores open at least a year, a key measure of retail health, dropped 0.
BUSINESS
August 10, 2005 | From Associated Press
May Department Stores Co.'s earnings fell by nearly half in the second quarter, hurt by expenses from a pending merger with rival Federated Department Stores Inc. and disappointing same-store sales, the company said. Quarterly income dropped to $52 million, or 16 cents a share, in the three-month period ended July 30. That compares with $101 million, or 33 cents, a year earlier.
BUSINESS
October 29, 2008 | Bloomberg News
Wal-Mart Stores Inc. said Tuesday that it would be able to maintain same-store sales growth at current levels as the sluggish U.S. economy curbs spending. The retailer should see "low-single" digit comparable-sales growth on a percentage basis going into 2009, Chief Financial Officer Thomas Schoewe told analysts at a conference in Rogers, Ark. Same-store sales, or sales at stores open at least a year, are a key measure of retail health. Total sales may rise 8% this year, he said.
BUSINESS
November 16, 2005 | From Reuters
Home Depot Inc. reported Tuesday that its fiscal third-quarter earnings rose 17% as it cut costs and expanded its installation business. The retailer lifted its per-share profit forecast for the full year. Net income was $1.5 billion, or 72 cents a share, for the period ended Oct. 30, compared with $1.3 billion, or 60 cents, a year earlier. Analysts on average had expected profit of 68 cents a share, according to Reuters Estimates. Sales rose 11% to $20.7 billion.
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