Body Central Corp. (NASDAQ:BODY) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.02%.
Body Central Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 52.78% to $0.17 in the quarter versus EPS of $0.36 in the year-earlier quarter.
Revenue: Decreased 1.55% to $81.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Body Central Corp. reported adjusted EPS income of $0.17 per share. By that measure, the company missed the mean analyst estimate of $0.18. It missed the average revenue estimate of $85.86 million.
Quoting Management: Brian Woolf, Body Central’s CEO, stated: “Our first quarter results were consistent with our expectations for sales and earnings. While we have made progress towards improving our product assortment, we still expect sales challenges and margin pressure in the second quarter as we work through the legacy inventory and orders prior to transitioning to our fall floor set. We are pleased to announce that we appointed Michael Millonzi as our SVP of Store Operations, Edward Jekot as our VP of Brand Presentation and Barry Landau as VP of Planning & Allocations. We continue to be intently focused on our major initiatives: building the brand, improving the shopping experience for our customers, and creating a true omni-channel retail business. We remain optimistic about our ability to produce improved sales and earnings as we move through the second half of this year.”
Key Stats (on next page)…
Revenue increased 0.49% from $81 million in the previous quarter. EPS increased 13.33% from $0.15 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.18 to a profit $0.15. For the current year, the average estimate has moved down from a profit of $0.82 to a profit of $0.66 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)