Sears Holdings Corp, ( SHLD: chart), topped analysts’ estimate for a profit of 65 cents a share. Total revenue advanced in the latest three months to $12 billion from $7.63 billion a year ago, primarily due to the inclusion of Sears operations for the full 13-week period. Sears Domestic same-store sales dropped 8.4% in Q1, while Kmart''s comparable stores slid 0.2%.
Finlay Enterprises, ( FNLY: chart), fine jewelry retailer, reported a Q1 profit of a penny per share, up from a loss of 31 cents a share a year-ago. On a continuing operations basis, the company lost 59 cents a share in Q1, wider than a year-ago equivalent loss of 44 cents a share. Sales advanced to $192.1 million from $170.5 million in the same period a year ago. Finlay predicts a loss from continuing operations of 45 to 50 cents a share for Q2 with same-store sales advancing between 3% and 3.5%. With items, it expects a loss of 60 to 70 cents a share in Q2. For fiscal 2006, the company expects earnings from continuing operations of 75 to 90 cents a share.
Casual Male, ( CMRG: chart), retailer, reported that Q1 net income advanced to 4 cents a share, from a loss of 5 cents a share in the year-earlier period. The company added hat revenue increased to $103 million from $97.3 million. The company topped analysts’ forecasts for earnings of 2 cents a share. ,
Stein Mart Inc, ( SMRT: chart), retailer, reported Q1 net income dropped 55% to 17 cents a share, from 38 cents a share in the year-earlier period. The company added that sales dropped 4.2%. The company beat analyts’ forecast earnings of 15 cents a share.
Deb Shops Inc, ( DEBS: chart), teen apparel retailer, reported that Q1 income declined to 19 cents a share, a penny down from a year ago. Sales in Q1 rose to $81.5 million from $77.5 million. The company affirmed its guidance for fiscal 2007 earnings of $1.85 to $1.90 a share. |