News

Thursday Afternoon Earnings Roundup

BY CSA STAFF

New York City, The following is a roundup of companies reporting quarterly earnings today:

  • Syndey, Neb.-based Cabela’s reported total revenue for the third quarter ended Oct. 1 increased 12.0% to another record of $429.8 million, compared to $383.8 million for the same period last year. The third quarter net income was $16.3 million, down slightly from $16.5 million for the same period a year ago. The net income for the third quarter was negatively impacted by the timing of promotional events, additional store pre-opening expenses and increased fuel prices, the company said.
  • Brisbane, Calif.-based Bebe Stores made a 19% jump in quarterly net income on strong sales of its trendy fashions. The company reported a net income of $13.6 million, in the first quarter of fiscal 2006, compared with $11.4 million in the year-ago period.
  • Bellevue, Wash.-based drugstore.com reported net sales of $96.6 million and a gross profit of $19.2 million, propelled by year-over-year net sales growth of 27% in its over-the-counter (OTC) segment (excluding wholesale OTC) and 19% in its mail-order pharmacy segment.
  • Quincy, Mass.-based The J. Jill Group in the third quarter ended Sept. 24 reported a net sales increase of 8.5% to $103.0 million from $94.9 million reported in the prior year. The company generated an operating loss for the quarter totaling $4.9 million, compared to a $4.4 million operating loss in the prior year. The company posted a net loss for the quarter of $2.7 million, the same as last year.
  • keyboard_arrow_downCOMMENTS

    Leave a Reply

    No comments found

    TRENDING STORIES

    Polls

    Are you hiring seasonal employees this year?

    View Results

    Loading ... Loading ...
    News

    7-Eleven 3Q Profit Up 55%

    BY CSA STAFF

    Dallas, Convenience store retailer 7-Eleven said its third-quarter profit rose 55% on strong merchandise and gasoline sales. For the quarter ended Sept. 30, net income rose to $68.3 million, or 53? per share, from $44.2 million, or 36? per share, a year earlier. Revenue for the quarter rose 17% to $3.8 billion, with merchandise sales up 6.7% to $2.26 billion, and gasoline sales up 38% to $1.51 billion.

    keyboard_arrow_downCOMMENTS

    Leave a Reply

    No comments found

    TRENDING STORIES

    Polls

    Are you hiring seasonal employees this year?

    View Results

    Loading ... Loading ...
    News

    Federated Details Credit Consolidation

    BY CSA STAFF

    Cincinnati, Federated Department Stores will consolidate credit-related support facilities acquired in its merger with The May Department Stores Co. These moves will improve operating efficiencies and enhance customer service by coordinating technology and capital investments, the company said.

    May Co.’s Earth City credit center in St. Louis will be retained as a fourth operational hub of Federated’s Cincinnati-based Financial, Administrative and Credit Services (FACS) Group division. Earth City will join current FACS facilities in Mason, Ohio, Clearwater, Fla., and Tempe, Ariz., in servicing private label and Visa credit-card accounts for each of Federated’s department store divisions. FACS also performs a variety of nonstore services for customers and employees. In addition, Federated will expand the main FACS facility in Mason, while phasing out former May Co. credit operations in Lorain and Parma, Ohio, and Houston beginning in spring 2006.

    keyboard_arrow_downCOMMENTS

    Leave a Reply

    No comments found

    TRENDING STORIES

    Polls

    Are you hiring seasonal employees this year?

    View Results

    Loading ... Loading ...