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DAILY EARNINGS

Lands’ End Net Jumps; Eros, Lululemon Net Plunge


Author: Mukesh Buch
ticker.com
Last Update: 12:38 PM ET June 12 2014

10:45 AM New York – Eros International fourth-quarter net dropped 7% to $6 million. Lululemon first-quarter net plunged 60% to $19 million. Lands’ End first-quarter net soared 48% to $11 million. Restoration Hardware first-quarter net swung to profit $2 million.

Earnings Review

Eros International Plc (EROS), the India-based entertainment group reported revenues in the fourth-quarter ending in March surged 21.2% to $63.3 million.

Net income in the quarter dropped 7.2% to $6.4 million or 12 cents a diluted share compared to $6.9 million or 14 cents.

Lululemon Athletica Inc (LULU), the athletic apparel retailer said net revenues in the first-quarter ending onMay 4 climbed 11% to $384.6 million. Comparable corporate-store sales in the quarter slipped 4%.

Net income in the quarter plunged 59.8% to $19 million or 13 cents a diluted share compared to $47.3 million or 32 cents.

Lands’ End, Inc (LE), the accessories retailer reported revenues in the first-quarter ending on May 2 rose 3.6% to $330.5 million.

The company reported its first quarterly result as an independent company after it was spun off from Sears Holdings.

Same-store sales in the quarter increased 3.4%.

Net income in the quarter soared 48.1% to $10.9 million or 34 cents a diluted share compared to $7.3 million or 23 cents.

Restoration Hardware Holdings, Inc. (RH), the home furnishing retailer said total net revenues in the first-quarter ending on May 3 climbed 22% to $366.3 million. Comparable store revenue growth in the quarter jumped 18%.

Net in the quarter swung to profit $1.8 million or 4 cents a diluted share compared to a loss of $0.16 million or a break even share.
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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