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Macy's (M)

Macy's Wednesday said its third quarter net loss narrowed to $35 million, or 8 cents a share, from $44 million, or 10 cents a share, a year earlier. Excluding one-time items such as $205 million in restructuring costs, its loss was 3 cents a share. Third quarter sales droppped 3.9 percent to $5.28 billion vs. last year's comparable period.
The company forecast earnings for the critical fourth quarter far below Wall Street expectations.

Nov 11 · 10:35:00 AM · Source: Company News Release
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by Larry Etter

American Apparel Inc (APP)

Clothing retailer American Apparel Inc. said Tuesday its third quarter profit rose 78 percent to $4.2 million, or 5 cents per share, compared with $2.3 million, or 3 cents per share, in the same quarter a year ago. Revenue declined 3 percent to $150.3 million from $154.8 million.
The company said its profits grew due to a shift toward sales of higher-margin retail merchandise.

Nov 10 · 11:56:00 AM · Source: Company News Release
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by Larry Etter

Beazer Homes USA Inc. (BZH)

Beazer Homes USA Tuesday reported a fiscal fourth quarter profit of $34 million, or 84 cents per share, compared with a year-earlier loss of $474 million, or $12.29 per share. Revenue was $376.3 million, down from $650 million a year earlier.
The company's CEO said demand for the company's new homes was spurred by low prices and mortgage interest rates and a federal tax credit for first-time home buyers,

Nov 10 · 10:33:00 AM · Source: Company News
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by Larry Etter

Priceline.com (PCLN)

Priceline.com Monday said its third-quarter profit totaled $319 million, or $6.42 per share, compared with $84.5 million, or $1.74 per share, a year earlier. Revenue increased 30% to $730.7 million.
GAAP net income for the 3rd quarter 2009 was positively affected by a $181.9 million non-cash tax benefit from reversing a portion of the valuation allowance related to the Company’s net operating loss carry forwards. The valuation allowance was reversed to reflect the amount of deferred tax asset that is estimated to be more likely than not to be realized after taking into consideration current operating results and future estimated domestic taxable income. Pro forma net income in the 3rd quarter was $173.3 million or $3.45 per diluted share, compared to $2.39 per share a year ago. The results topped Street expectations.

Nov 9 · 7:21:00 PM · Source: Company News
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by Larry Etter

A.C. Moore Arts & Crafts Inc. (ACMR)

A.C. Moore, a home goods retailer, Friday reported a third quarter net loss of $12.9 million, or 53 cents per share, compared with a loss of $7.5 million, or 37 cents a share, a year earlier. Revenue fell 9 percent to $106.1 million; gross margins slumped 19 percent.

Nov 6 · 5:51:00 PM · Source: Company News
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by Larry Etter

Scripps Networks Interactive (SNI)

Scripps Networks, which was spun off from E.W. Scripps Co. in 2008, said Friday it posted a third quarter profit of $65.3 million, or 39 cents a share, up from $57.3 million, or 35 cents a share, a year earlier. The prior year included a 3-cent tax charge. Revenue was up a slight 0.1% to $364.5 million.

Nov 6 · 5:47:00 PM · Source: Company News
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by Larry Etter

Nordstrom (JWN)

Nordstrom, Inc. Thursday today reported a 6.5 percent increase in same-store sales for the four-week period ended October 31, 2009 compared with the four-week period ended November 1, 2008. Preliminary total retail sales of $607 million for October 2009 increased 14.8 percent compared with total retail sales of $529 million for the same period in fiscal 2008.

Nov 5 · 1:46:00 PM · Source: Company News
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by Larry Etter

Saks Incorporated (SKS)

Saks Incorporated Thursday said that owned sales totaled $219.8 million for the four weeks ended October 31, 2009 compared to $216.0 million for the four weeks ended November 1, 2008, a 1.8% increase. Comparable store sales increased 0.7% for the month

Nov 5 · 1:44:00 PM · Source: Company News
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by Larry Etter

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