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DAILY EARNINGS

Williams-Sonoma Net Jumps; Stein Mart Net Drops


Author: Mukesh Buch
ticker.com
Last Update: 9:44 AM ET March 13 2014

10:45 AM New York Dollar General fourth-quarter net rose 2% to $322 million. Dex Media fourth-quarter net loss widened to $556 million. Genesco fourth-quarter net climbed 9% to $42 million. Stein Mart fourth-quarter net plunged 45% to $7 million. Williams-Sonoma fourth-quarter net advanced 9% to $134 million.

Earnings Review

Dollar General Corp (DG), the discount retailer stated sales in the fourth-quarter ending in January climbed 6.8% to $4.49 billion. Same store sales in the quarter grew1.3%.

Net income in the quarter rose 1.6% to $322 million or $1.01 a diluted share compared to $317 million or 97 cents.

For the year, the company expects total sales to increase 8% to 9% from fiscal 2013 and same-store sales to increase between 3% and 4%. Diluted earnings per share for the year is expected by the retailer in the range of $3.45 to $3.55.

Dex Media Inc (DXM), the marketing solution provider said revenue in the fourth-quarter ending in December soared 43.5% to $429 million.

Net loss in the quarter widened to $556 million or $32.29 a diluted share compared to $37 million or $3.56.

The company said along with its predecessor companies have repaid $541 million of bank debt year to date through the fourth-quarter.

Genesco Inc (GCO), the footwear, apparel and accessory retailer said reported net sales in the fourth-quarter ending on February 1 slid 0.5% to $793 million. Comparable store sales in the quarter rose 1%

Net income in the quarter climbed 8.8% to $42.2 million or $1.79 a diluted share compared to $38.8 million or $1.63.

Stein Mart, Inc (SMRT), the specialty retailer reported net sales in the fourth-quarter ending on February 1 fell 2.1% to $360.8 million. Comparable store sales in the quarter jumped 3.1%.

Net income in the quarter plunged 45.2% to $7.4 million or 16 cents a diluted share compared to $13.5 million or 30 cents.

Williams-Sonoma, Inc (WSM), the home furnishing retailer said net revenue in the fourth-quarter ending on February 2 grew 4.2% to $1.47 billion. Comparable store sales in the quarter surged 10.4%.

Net earnings in the quarter advanced to $133.8 million or $1.38 a diluted share compared to $133.7 million or $1.34.
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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