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Earnings Analysis: 
Dress Barns, Herman Miller Fall
Author: 123jump.com Staff
123jump.com
Last Update: 2:43 PM ET September 18 2008


Apogee Enterprises the glass products company reported second quarter sales increased 13% to $245 million and net income rose 6% to $12.2 million or 43 cents a share. CKE Restaurants said second quarter sales fell 2.9% to $352.5 million and net income rose 24% to $12.3 million or 23 cents a share. The Dress Barn, Inc the apparel retailer fourth quarter revenues rose 0.62% to $382.3 million and net income fell 9% to $22.1 million or 34 cents a share.

 
[R]2:40PM New York - Apogee Enterprises, Inc sales rose 13% and net income rose 6%. CKE Restaurants, Inc sales fell 2.9% and net income rose 24%. The Dress Barn, Inc revenue rose 0.62% and net income fell 9%.[/R]

Apogee Enterprises, Inc, engaged in the design of glass products and systems said second quarter sales rose 13% to $245 million from $217.6 million a year ago. Net income in the quarter rose 6% to $12.2 million or 43 cents per diluted share compared to net income of $11.4 million or 39 cents per share, a year ago.

Apogee Enterprises, Inc (APOG: chart) in the last one year traded as high as $28.96 in October 2007 and as low as $14.08 in March 2008. Based on the yesterday’s closing price the company has a market cap of $545.64 million.

CKE Restaurants, Inc, fast-food restaurant chain operator said second quarter sales fell 2.9% to $352.5 million from $363.0 million a year ago. Net income in the quarter rose 24% to $12.3 million or 23 cents per diluted share compared to net income of $9.4 million or 15 cents per share, a year ago.

CKE Restaurants, Inc (CKR: chart) in the last one year traded as high as $17.11 in October 2007 and as low as $9.60 in May 2008. Based on the yesterday’s closing price the company has a market cap of $615.09 million.

CLARCOR Inc, Filtration products maker said third quarter sales rose 16% to $276.3 million from $238.3 million a year ago. Net income in the quarter fell 3% to $25.8 million or 50 cents per diluted share compared to net income of $26.6 million or 53 cents per share, a year ago.

CLARCOR Inc (CLC: chart) in the last one year traded as high as $44.25 in June 2008 and as low as $32.68 in October 2007. Based on the yesterday’s closing price the company has a market cap of $1.97 billion.

Comtech Telecommunications Corp, telecommunications equipment maker said fourth quarter revenues rose 7% to $126.5 million from $117.8 million a year ago. Net income in the quarter fell 0.58% to $17.0 million or 61 cents per diluted share compared to net income of $17.1 million or 63 cents per share, a year ago.

Net sales for the twelve months ended July 31, 2008 were $531.6 million, compared to $445.7 million a year ago. Net annual income was $76.4 million, or $2.76 per diluted share compared to $65.2 million or $2.42 per diluted share a year ago.

Comtech Telecommunications Corp (CMTL: chart) in the last one year traded as high as $58.00 in October 2007 and as low as $37.59 in March 2008. Based on the yesterday’s closing price the company has a market cap of $976.62 million.

The Dress Barn, Inc, the apparel retailer said fourth quarter revenues rose 0.62% to $382.3 million from $379.9 million a year ago. Net income in the quarter fell 9% to $22.1 million or 34 cents per diluted share compared to net income of $33.6 million or 48 cents per share, a year ago.

Comparable same-store sales for the quarter declined 2%.

Net sales for the fiscal year ended July 26, 2008 were $1.444 billion, compared with net sales of $1.427 billion for the fiscal year ended July 28, 2007. Comparable store sales declined 3% versus the prior year''s increase of 5%.

By division, net sales at dress barn stores were $887.6 million compared with net sales of $934.8 million for fiscal 2007. Comparable store sales declined 7% versus the prior year''s increase of 4%. Net sales at maurices stores were $556.6 million compared with net sales of $491.8 million for fiscal 2007. Comparable store sales increased 4% on top of last year''s increase of 7%.

Net earnings for fiscal 2008 were $74.1 million or $1.15 a diluted share compared to record net earnings of $101.2 million or $1.45 a share for fiscal 2007.

The Dress Barn, Inc (DBRN: chart) in the last one year traded as high as $17.95 in September 2008 and as low as $9.35 in January 2008. Based on the yesterday’s closing price the company has a market cap of $926.49 million.

Dynamex Inc, a provider of same-day delivery and logistics services said fourth quarter sales rose 9.6% to $119 million from $108.6 million a year ago. Net income in the quarter rose 11% to $4.6 million or 45 cents per diluted share compared to net income of $4.1 million or 38 cents per share, a year ago.

For the full fiscal year ended July 31, 2008, the company reported net income of $15.8 million or $1.53 a diluted share, compared with net income of $15.0 million or $1.39 a share in the prior year.

Dynamex Inc (DDMX: chart) in the last one year traded as high as $30.60 in September 2008 and as low as $21.55 in March 2008. Based on the yesterday’s closing price the company has a market cap of $274.36 million.

Herman Miller, Inc, Furniture maker said first quarter sales fell 2.6% to $479.1 million from $491.7 million a year ago. Net income in the quarter fell 0.3% to $33.4 million or 60 cents per diluted share compared to net income of $33.5 million or 54 cents per share, a year ago.
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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.

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