FINANCE

McDonald’s comps slip in Q1, profit inches up

BY Katherine Boccaccio

Oak Brook, Ill. — McDonald’s Corp. reported Friday that net income for the quarter ended March 31 rose about 1% to $1.27 billion, from $1.26 billion last year. Total revenue also rose 1%, to $6.6 billion from $6.5 billion.

Same-store sales dipped, however, impacted said McDonald’s by a tightened eating-out environment during the quarter.

At home, same-store sales dipped 1.2%.

"While the Company’s results for the quarter reflected difficult prior year comparisons and the ongoing impact of global economic headwinds, we continue our efforts to build market share and deliver sustained profitable growth for all stakeholders," said Don Thompson, president and CEO.

keyboard_arrow_downCOMMENTS

Leave a Reply

K.Parmar says:
Apr-21-2013 09:13 pm

This is Fantastic
Wow! this is something great http://www.genuine-report.com

K.Parmar says:
Apr-21-2013 09:13 pm

Wow! this is something great http://www.genuine-report.com

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
FINANCE

Restoration Hardware swings to loss in Q4, but edges forecasts

BY Katherine Boccaccio

Corte Madera, Calif. — Restoration Hardware Holdings Inc. reported Friday a loss of $28.4 million for the quarter ended Feb. 2, compared with a profit of $24 million in the year-ago period. Results, impacted by costs associated with the company’s November 2012 IPO, edged analysts’ expectations.

Revenue surged 30% to $398.1 million from $305.2 million last year, beating Wall Street’s forecast of $390.5 million. Same-store sales advanced a hefty 26%.

The company has rebranded itself as RH and has moved its focus from Americana goods to high-end furnishings – a move the retailer says will pay off.

"We are well positioned to continue to gain market share and further disrupt the highly fragmented home furnishings marketplace," said Carlos Alberini, CEO.

For the year, net loss totaled $12.8 million, compared with a profit of $20.6 million in the prior year. Revenue rose 25% to $1.19 billion.

Looking forward, the company expects a loss in the first quarter, but is forecasting a profit for the fiscal year.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
OPERATIONS

Francesca’s names PetSmart, Spanx execs to board

BY Katherine Boccaccio

Houston — Francesca’s Holdings Corp. said Friday it has appointed Laurie Ann Goldman and Joseph O’Leary to its board of directors, effective April 17.

Goldman is CEO of shapewear brand Spanx. Earlier in her career, she held marketing positions at R.H. Macy and Maison Blanche Stores.

O’Leary is EVP merchandising, marketing, supply chain and strategic planning for PetSmart.

keyboard_arrow_downCOMMENTS

Leave a Reply

K.Parmar says:
Apr-21-2013 09:15 pm

Thanks!
Thanks for this fantastic article http://www.techzune.com

K.Parmar says:
Apr-21-2013 09:15 pm

Thanks for this fantastic article http://www.techzune.com

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...