Content about Company Earnings Guidance

August 20, 2014

Lowe's second-quarter net income rose a better-than-expected 10%, helped by improving weather.

Mooresville, N.C. -- Lowe's second-quarter net income rose a better-than-expected 10%, helped by improving weather. But the chain lowered its full-year revenue outlook slightly, citing its year-to-date sales and prior assumptions for the second half.

For the three months ended Aug. 1, Lowe's Cos. earned $1.04 billion, up from $941 million in the prior year.

Revenue increased 6% to $16.6 billion, topping Wall Street's estimates.

Same-store sales were up 4.4%.

August 19, 2014

TJX Cos. said that its second-quarter net income increased a better-than-expected 8% on strong sales in the United States and abroad.

Framingham, Mass. -- TJX Cos. said Tuesday that its second-quarter net income increased a better-than-expected 8% on strong sales in the United States and abroad. The retailer also lifted its full-year earnings forecast.

TJX earned $517.6 million for the period ended Aug. 2, compared with $479.6 million a year earlier.

Revenue rose 7% to $6.92 billion from $6.44 billion, beating Wall Street's estimate of $6.88 billion.

August 14, 2014

Wal-Mart Stores Inc. stayed the course in the second quarter, delivering profit within Wall Street expectations, but cut its forecast for the full year as its U.S. business remains lackluster and costs associated with building new smaller-format stores, healthcare and e-commerce improvements continue to rise.

Bentonville, Ark. – Wal-Mart Stores Inc. stayed the course in the second quarter, delivering profit within Wall Street expectations, but cut its forecast for the full year as its U.S. business remains lackluster and costs associated with building new smaller-format stores, healthcare and e-commerce improvements continue to rise.

August 7, 2014

Fred’s Inc. expects to report a net loss of $0.15 to $0.20 per share.

Memphis, Tenn. – Fred’s Inc. expects to report a net loss of $0.15 to $0.20 per share. The discount chain cited transitional costs associated with implementing its convenience center model, as well as vendor-related cost pressures on pharmacy, as driving the negative profit growth.

However, not all the financial news was bad for Fred’s in the second quarter. Compared to same period a year earlier, Fred’s total sales grew 2% to $490.6 million, from $482.2 million. Same-store sales declined 0.1% for the quarter.

June 25, 2014

With buzz phrases like “omnichannel” and “customer disruption” dominating the retail conversation, landlords and tenants attending RECon 2014 in Las Vegas last May made it their mission to ensure that brick-and-mortar remains relevant. ­

June 10, 2014

Francesca’s Holdings Corp. on Tuesday reported a 21% drop in profit during the first quarter of fiscal 2014, to $8.6 million from $10.9 million.

Houston — Francesca’s Holdings Corp. on Tuesday reported a 21% drop in profit during the first quarter of fiscal 2014, to $8.6 million from $10.9 million. Harsh winter weather and higher expenses related to its boutique business contributed to the decline in net income. The company also reduced its annual outlook.

Francesca’s plans to open 85 new stores during fiscal 2014, including 16 in the second quarter.

May 23, 2014

Shoe Carnival Inc. reported a 3% year-over-year drop in net income to $9.2 million, from $9.5 million in the first quarter of fiscal 2014.

Evansville, Ind. – Shoe Carnival Inc. reported a 3% year-over-year drop in net income to $9.2 million, from $9.5 million in the first quarter of fiscal 2014. The retailer plans to open 23-28 new stores in fiscal 2014, including 16 in the second quarter and seven-to-12 in the fourth quarter.

Shoe Carnival’s net sales grew 1.5% to $235.8 million, from $232.3 million.

May 22, 2014

Dollar Tree Inc. slightly exceeded Wall Street estimates with net income of $138.3 million in the first quarter of fiscal 2014, up 4% from $133.5 million in the first quarter of fiscal 2013.

Chesapeake, Va. – Dollar Tree Inc. slightly exceeded Wall Street estimates with net income of $138.3 million in the first quarter of fiscal 2014, up 4% from $133.5 million in the first quarter of fiscal 2013. Net sales rose 7% to $2 billion from $1.87 billion, and same-store sales increased 2%.

May 15, 2014

Wal-Mart Stores posted disappointing results for its first quarter, with earnings down 5% as harsh winter weather kept shoppers away.

Bentonville, Ark. -- Wal-Mart Stores posted disappointing results for its first quarter, with earnings down 5% as harsh winter weather kept shoppers away. The company also gave a weak earnings forecast for its current quarter that fell short of analysts' estimates.

For the period ended April 30, Wal-Mart earned $3.59 billion, compared with $3.78 billion a year ago, less than analysts expected. In addition to the unusually harsh winter weather, a higher-than-expected tax rate also hurt earnings, the retailer said.

May 1, 2014

Build-A-Bear Workshop Inc. reported a better-than-expected profit of $5.03 million for the first quarter, up from $13,000 a year before.

St. Louis -- Build-A-Bear Workshop Inc. reported a better-than-expected profit of $5.03 million for the first quarter, up from $13,000 a year before.

The company posted total revenue of $97.9 million, slightly below analysts expectations of $98.7 million, down from $ 104.3 million in first quarter 2013.

During the quarter, the company closed seven stores, ending the period with 316 company-owned stores.

April 30, 2014

Net income at Lumber Liquidators decreased 13.2% to $13.7 million during the first quarter of fiscal 2014, compared to $15.8 million in the same period the prior year.

Toano, Va. - Net income at Lumber Liquidators decreased 13.2% to $13.7 million during the first quarter of fiscal 2014, compared to $15.8 million in the same period the prior year. During fiscal 2014, the retailer intends to open 35 to 40 new store locations in the expanded showroom format and remodel 25 to 30 existing stores in the expanded showroom format.

April 10, 2014

In the wake of acquiring Houston-based RediClinic, Rite Aid on Thursday reported revenues of $6.6 billion for the fourth quarter ended March 1, resulting from a 2.2% lift primarily attributed to an increase in pharmacy same-store sales.

Camp Hill, Pa. — In the wake of acquiring Houston-based RediClinic, Rite Aid on Thursday reported revenues of $6.6 billion for the fourth quarter ended March 1, resulting from a 2.2% lift primarily attributed to an increase in pharmacy same-store sales. For the full year, Rite Aid reported $25.5 billion in revenues, up 0.5%.

March 13, 2014

Williams-Sonoma reported a better-than-expected profit of $133.8 million in the fourth quarter, up slightly from $133.7 million in the year-ago period

San Francisco -- Williams-Sonoma reported a better-than-expected profit of $133.8 million in the fourth quarter, up slightly from $133.7 million in the year-ago period. The company also announced it is lifting its dividend 2 cents, or 6%, to 33 cents a share.

February 26, 2014

Target Corp. saw dramatic year-over-year declines in its net earnings for the fourth quarter and fiscal year 2013, as the negative impact of its massive data breach and damages from its Canadian operations took effect.

Minneapolis – Target Corp. saw dramatic year-over-year declines in its net earnings for the fourth quarter and fiscal year 2013, as the negative impact of its massive data breach and damages from its Canadian operations took effect. The chain warned that continuing costs related to the breach may affect its profits in the first quarter of fiscal 2014.

January 10, 2014

Francesca’s Holding Corporation expects sales for the fourth quarter of fiscal 2014 to be between $93 million and $95 million, including a mid-to-low-single-digit decrease in same-store sales.

Houston – Francesca’s Holding Corporation expects sales for the fourth quarter of fiscal 2014 to be between $93 million and $95 million, including a mid-to-low-single-digit decrease in same-store sales. This compares to previous guidance provided on Dec. 5, 2013 of sales between $90 million and $95 million, including a decrease of 8% to 3% in same-store sales.

Neil P. Davis, CEO of Francesca’s cited strong holiday performance for the increase in guidance.

January 10, 2014

Sears Holdings Corp. forecast a fourth-quarter loss and reported declining sales during the crucial holiday period.

Hoffman Estates, Ill. – Sears Holdings Corp. forecast a fourth-quarter loss and reported declining sales during the crucial holiday period.

January 10, 2014

Tiffany & Co. saw its worldwide net sales in the two months ended Dec. 31st rise 4% to $1.03 billion.

New York – Tiffany & Co. saw its worldwide net sales in the two months ended Dec. 31st rise 4% to $1.03 billion. Total sales in the Americas region rose 6% to $550 million.

Same-store sales rose 7% due to broad-based sales growth across most of the region. Tiffany[s is now offering guidance of earnings per diluted share expected to be in a range of $1.27-$1.37 for the fiscal 2013 ending January 31, 2014.

January 6, 2014

For the third fiscal quarter of 2014, Hhgregg estimates net sales to be approximately $707.1 million, a decrease of approximately 11.6% as compared to net sales of $799.6 million reported for the third fiscal quarter of 2013.

Indianapolis -- For the third fiscal quarter of 2014, Hhgregg estimates net sales to be approximately $707.1 million, a decrease of approximately 11.6% as compared to net sales of $799.6 million reported for the third fiscal quarter of 2013.

December 10, 2013

Lumber Liquidators has raised its full year 2013 outlook. Based on year-to-date results and current trends, the company now expects net sales in the range of $994 million to $1 billion, up from a previous range of $985 million to $995 million, with the fourth quarter ranging from $252 million to $258 million.

Toano, Va. – Lumber Liquidators has raised its full year 2013 outlook. Based on year-to-date results and current trends, the company now expects net sales in the range of $994 million to $1 billion, up from a previous range of $985 million to $995 million, with the fourth quarter ranging from $252 million to $258 million.

Lumber Liquidators also expects to open a total of 29-30 new stores during 2013 and increase net store sales 15% to 16%, up from a previous range of 14% to 15%, with the fourth quarter ranging from 13% to 15%.

November 21, 2013

Target Corp.'s third-quarter net income fell 47%, hurt by costs related to its Canadian expansion.

Minneapolis -- Target Corp.'s third-quarter net income fell 47%, hurt by costs related to its Canadian expansion. Its adjusted profit beat analysts' estimates, but sales fell short. The retailer lowered its full-year adjusted earnings forecast.

For the three months ended Nov. 2, Target earned $341 million, or 54 cents per share, down from $637 million in the year ago period. Removing Canada-related expansion costs and other items, earnings were 84 cents per share.

November 21, 2013

Williams-Sonoma Inc.'s on Thursday reported that its third-quarter profit rose a better-then-expected 16% as same-store sales increased across all its brands.

San Francisco -- Williams-Sonoma Inc.'s on Thursday reported that its third-quarter profit rose a better-then-expected 16% as same-store sales increased across all its brands. The company also raised its full-year view.

November 20, 2013

FTI Consulting predicts a 4.9% increase in sales this holiday season in its 2013 Holiday Retail Report.

West Palm Beach, Fla. -- FTI Consulting predicts a 4.9% increase in sales this holiday season in its 2013 Holiday Retail Report. Despite slowing discretionary spending growth in recent months and anxiety over political turmoil in Washington, FTI retail and consumer products industry professionals anticipate a potential silver lining to this holiday season.

November 19, 2013

The TJX Companies reported better-than-expected net income of $622.6 million for the third quarter, up 35% million from $461.5 million in the year-ago period. The chain also raised its full-year guidance.

Framingham, Mass. -- The TJX Companies reported better-than-expected net income of $622.6 million for the third quarter, up 35% million from $461.5 million in the year-ago period. The chain also raised its full-year guidance.

Net sales grew about 9% to $6.98 billion from $6.41 billion as bargain-hunting consumers flocked to its stores. Same-store sales rose 5%. The chain credited the ability of its off-price format to succeed in any economic environment as a key component of its strong quarterly performance.

October 30, 2013

The Jones Group Inc’s net income rose a better-than-expected 67% in the third quarter, increasing to $28.3 million from $17.8 million.

New York – The Jones Group Inc’s net income rose a better-than-expected 67% in the third quarter, increasing to $28.3 million from $17.8 million.

However, revenues in the quarter ended Oct. 5 fell about 1%, to $1.02 billion from $1.03 billion.

October 17, 2013

PetSmart Inc. has issued guidance for fiscal year 2013 for total sales growth of 3%-4%, as well as same-store sales growth of 3%-4%, compared to the prior fiscal year.

Phoenix – PetSmart Inc. has issued guidance for fiscal year 2013 for total sales growth of 3%-4%, as well as same-store sales growth of 3%-4%, compared to the prior fiscal year. PetSmart also slightly downgraded previous same-store sales guidance for the third quarter of fiscal 2013 to 2.2%-2.5%, from previously issued guidance of 3%-4%.