Gordmans Stores Earnings: Everything You Must Know Now

Gordmans Stores, Inc. (NASDAQ:GMAN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Gordmans Stores, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 72.22% to $0.05 in the quarter versus EPS of $0.18 in the year-earlier quarter.

Revenue: Rose 5.34% to $136.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Gordmans Stores, Inc. reported adjusted EPS income of $0.05 per share. By that measure, the company beat the mean analyst estimate of $0.03. It beat the average revenue estimate of $136.64 million.

Quoting Management: “We delivered comparable store sales that were consistent with expectations despite some continued headwinds and represented a meaningful improvement from the trend we experienced in the first quarter of 2013. At the same time, our bottom line results were ahead of our guidance even as we had to increase our markdown cadence to clear seasonal product and better align inventory levels heading into the second half of the year,” commented Jeff Gordman, President and Chief Executive Officer. “We believe that the adjustments we’ve made, and continue to make, to our merchandise assortments, combined with the rollout of our loyalty program, have positioned us to deliver further improvements over the remainder of fiscal 2013. In addition, we will open three stores next month for a total of 10 new stores this year, at which point we will have 93 locations in 19 states.”

Key Stats (on next page)…

Revenue increased 2.58% from $133.36 million in the previous quarter. EPS decreased 70.59% from $0.17 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.21 and has not changed. For the current year, the average estimate is a profit of $0.84, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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