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Measure Of Retail Health

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.
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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
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
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 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
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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