3 Retail Stocks Trending Among Traders After Earnings
The Talbots Inc. (NYSE:TLB) reported its results for the third quarter. Reported a loss of $22.1 million (32 cents per diluted share) in the quarter. The Talbots Inc. had a net income of $17 million or 24 cents per share in the year earlier quarter. Revenue fell 6.6% to $279.5 million from the year earlier quarter. TLB reported an adjusted net loss of 22 cents per share. By that measure, the company fell short of the mean analyst estimate of a loss of 15 cents per share. It beat the average revenue estimate of $271.5 million.
Trudy F. Sullivan, Talbots President and Chief Executive Officer, commented, “While we are not satisfied with our performance, we believe the modifications we are making to our merchandise assortment are better resonating with our core customer, which is consistent with the results of our most recent consumer research studies. Stronger product combined with a more aggressive promotional strategy, including the acceleration of a fall seasonal sale, drove improved customer traffic, conversion and sales trends in each month of the quarter, generating positive comparable store sales and consolidated comparable sales in October.”
Competitors to Watch: Coldwater Creek Inc. (NASDAQ:CWTR), Christopher & Banks Corp. (NYSE:CBK), New York & Company, Inc. (NYSE:NWY), Ann Inc (NYSE:ANN), Ascena Retail Group Inc (NASDAQ:ASNA), Charming Shoppes, Inc. (NASDAQ:CHRS), Limited Brands, Inc. (NYSE:LTD), Chico’s FAS, Inc. (NYSE:CHS), The Cato Corporation (NYSE:CATO), and Destination Maternity Corp. (NASDAQ:DEST).
Jos. A. Bank Clothiers Inc. (NASDAQ:JOSB) reported net income above Wall Street’s expectations for the third quarter. Results: Net income for Jos. A. Bank Clothiers Inc. rose to $15 million (54 cents per share) vs. $12.6 million (45 cents per share) in the same quarter a year earlier. This marks a rise of 19.3% from the year earlier quarter. Revenue rose 21% to $209.6 million from the year earlier quarter. JOSB beat the mean analyst estimate of 51 cents per share. It beat the average revenue estimate of $196 million.
“We are pleased to report another solid sales and earnings performance for the third quarter of fiscal year 2011 with sales growth of 21.0% and earnings growth of 19.3%. With this quarter’s results, we have achieved earnings growth in 40 of the past 41 quarters when compared to the respective prior year periods, including 22 quarters in a row,” stated R. Neal Black, President and CEO of JoS. A. Bank Clothiers, Inc. “The fourth quarter, compared to a very strong performance last year, has started out more slowly than we had planned. November comparable store sales declined, while our direct segment sales increased, compared to the same period last year. As a result, we have adjusted our December merchandising and marketing plans for stores. We believe our efforts will be effective and appealing to our customers. Therefore we remain cautiously optimistic for the outcome of this year’s fourth quarter,” continued Mr. Black.
Competitors to Watch: The Men’s Wearhouse, Inc. (NYSE:MW), Casual Male Retail Group, Inc. (NASDAQ:CMRG), Zumiez Inc. (NASDAQ:ZUMZ), Pacific Sunwear of California, Inc. (NASDAQ:PSUN), Aeropostale, Inc. (NYSE:ARO), Nordstrom (NYSE:JWN), JC Penney (NYSE:JCP), The Gap Inc. (NYSE:GPS) and Express, Inc. (NYSE:EXPR).
Ulta Salon Cosmetics & Fragrance Inc. (NASDAQ:ULTA) reported net income above Wall Street’s expectations for the third quarter. Net income for Ulta Salon Cosmetics & Fragrance Inc. rose to $26.8 million (42 cents per share) vs. $14.2 million (23 cents per share) in the same quarter a year earlier. This marks a rise of 88.5% from the year earlier quarter. Revenue rose 21.8% to $413.1 million from the year earlier quarter. ULTA beat the mean analyst estimate of 38 cents per share. Analysts were expecting revenue of $406.1 million.
“Our outstanding third quarter results were highlighted by a 21.8% increase in total net sales, a 350 basis point increase in operating margin to 10.7% and an 88.5% increase in net income with diluted earnings per share of $0.42, exceeding the high-end of our guidance by $0.04 per share,” stated Chuck Rubin, President and Chief Executive Officer of Ulta Beauty. “During the quarter, we gained market share, driven by a 9.6% increase in comparable store sales following a 12.2% comparable store sales gain in the third quarter last year. Ulta continues to increase its leadership position in beauty as we offer the broadest selection of products and services, all focused on compelling trend and value statements.”
Competitors to Watch: Sally Beauty Hldgs., Inc. (NYSE:SBH), Perfumania Holdings, Inc. (NASDAQ:PERF), Avon Products, Inc. (NYSE:AVP), Alberto-Culver Company (NYSE:ACV), Revlon, Inc. (NYSE:REV), Elizabeth Arden, Inc. (NASDAQ:RDEN), Inter Parfums, Inc. (NASDAQ:IPAR), Nu Skin Enterprises, Inc. (NYSE:NUS), The Procter & Gamble Co. (NYSE:PG), Parlux Fragrances, Inc. (NASDAQ:PARL), Physicians Formula Hldgs., Inc. (NASDAQ:FACE), Estee Lauder (NYSE:EL) and Johnson & Johnson (NYSE:JNJ).