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DAILY EARNINGS

Fresh Market Net Jumps; DSW, EnerSys Net Drop


Author: Mukesh Buch
ticker.com
Last Update: 11:54 AM ET May 29 2013

10:45 AM New York – Chico’s first quarter net fell 4% to $51.7 million. DSW first quarter net plunged 14% to $34.5 million. EnerSys fourth quarter net declined 17% to $37.7 million. Fresh Market first quarter net soared 15% to $22.1 million. United Natural Foods third quarter net soared 14% to $53.8 million.

Earnings Review

Brown Shoe Company, Inc. (BWS), the footwear retailer reported net sales in the first quarter ending on May 4 slid 2% to $588.7 million. In the quarter, net swung to a loss of $10.8 million or 26 cents a diluted share compared to net profit of $1.7 million or 4 cents.

Gross profit in the quarter increased 2% to $240 million and operating earnings soared 67% to $21 million.

For the year, the retailer expects diluted earnings per share in the range of 63 cents to 70 cents and adjusted earnings per share between $1.22 and $1.29 and consolidated net sales in the range of $2.54 billion to $2.57 billion.

Chico’s FAS, Inc (CHS), the specialty retailer said total net sales in the first quarter ending on May 4 grew 3% to $670.7 million. Comparable store sales were flat.

Net income in the quarter fell 4% to $51.7 million or 32 cents a diluted share compared to $54 million or 32 cents.

For the first quarter, gross margin increased 2% to $386.8 million.

DSW Inc. (DSW), the footwear and accessories specialty retailer stated sales in the first quarter ending on May 4 climbed 8% to $601.4 million. Comparable store sales decreased to 2.4%.

Net income in the quarter plunged 14% to $34.5 million or 75 cents a diluted share compared to $39.9 million or 89 cents.

For the year, DSW estimated diluted earnings per share in the range of $3.40 to $3.60.

EnerSys (ENS), the batteries maker stated net sales in the fourth quarter ending in March slid 4% to $572.2 million. Net earnings in the quarter plunged 17% to $37.7 million or 77 cents a diluted share from $45.4 million or 94 cents.

The company added gross profit decreased 4% to $139.1 million.

For the first quarter, the company expects adjusted diluted earnings per share in the range of 78 cents to 82 cents.

The Fresh Market, Inc (TFM), the specialty retailer stated net sales in the third quarter ending in March jumped 13% to $366.6 million. Comparable store sales increased 3%.

Net income in the quarter soared 15% to $22.1 million or 46 cents a diluted share compared to $19.3 million or 40 cents.

The company added gross profit surged 15% to $129.3 million and operating income soared 14% to $35.4 million.

For the year, the company expects diluted earnings per share in the range of $1.51 to $1.58 and comparable store sales between 2.5% and 4.5%.

Guidewire Software, Inc. (GWRE), the software provider reported total revenues in the third quarter ending in April jumped 20% to $68.3 million. In the quarter net swung to a loss of $2.67 million or 5 cents a diluted share compared to net profit of $3.15 million or 5 cents.

Movado Group, Inc (MOV), the watches distributor stated total revenues in the first quarter ending in April grew 6% to $440 million. Net income in the quarter soared 24% to $8.2 million or 32 cents a diluted share compared to $6.6 billion or 26 cents.

For the year, the company expects net sales in the range of $570 million to $575 million or increase approx 12% and net income increase to about $48 million or $1.80.

RBC Bearings Incorporated (ROLL), the roller and ball bearings maker reported net sales in the fourth quarter ending in March tumbled 8% to $103 million. Net income in the quarter slumped 32% to $10.6 million or 46 cents a diluted share compared to $15.5 million or 69 cents.

The company added operating income in the quarter plunged 35% to $15.8 million and gross margin decreased 1% to $40.7 million.

Stewart Enterprises, Inc (STEI), the funeral and cemetery products provider will acquired by the death-care products provider Service Corporation International (SCI) for $13.25 a share in cash or enterprise value of $1.4 billion.

Service Corp anticipates closing of the acquisition to complete either by end of this year or in early 2014.

United Natural Foods, Inc (UNFI), the foods distributor said net revenues in the third quarter ending in March climbed 13% to $1.57 billion. Net income in the quarter jumped 9% to $31.6 million or 10 cents a diluted share compared to $29 million or $2.43.

In the quarter, operating income soared 14% to $53.8 million and gross profit jumped 8% to 263 million.

For the year, the company expects GAAP diluted earnings per share in the range of $2.12 to $2.14 or increase to approx 14% to 15.1%.

For the year, the company expects net sales between $6.03 billion and $6.06 billion or increase to about 15.2% to 15.7%.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc