Tag: SKS

Major Movers on May 22; ZLC, NTAP, TGT, TOL, SKS

Shares of Zale Corp. (ZLC) catapulted more than 20% by afternoon trade after the jewelry retailer reported on Wednesday that it swung into fiscal third quarter profit. The Company also announced that the appointment of its new Chairman, Terry Burman, who previously served at the Chief Executive at rival firm, Signet Jewelers Ltd. For the fiscal third quarter ended April 30, Zale reported a net income of $5.05 million or 13 cents a share compared to year-earlier loss of $4.53 million or 14 cents a share. Revenue edged down 0.6% to $442.7 million, in the fiscal third quarter. Analysts’ consensus estimate was for earnings of loss of penny a share on revenue of $443 million. Gross margin widened to 52.6% from 51.3%, in the same quarter of last fiscal. Comparable-store-sales rose 1.4% while analysts’ consensus estimate was for 2% fall.

Continue reading Major Movers on May 22; ZLC, NTAP, TGT, TOL, SKS

Major Movers on May 21; CCL, MDT, TIVO, SKS, URBN

Shares of Carnival Corporation (NYSE: CCL) fell about 4.30% by afternoon trade after the cruise company late on Monday downwardly revised its full-year outlook. Higher costs, current pricing strategy has resulted in more-than-expected dip in revenue yields, the Company said. Besides, higher-than-expected number of voyage cancellations is also expected to weigh on the top line. Carnival Corp now expects earnings of $1.45 to $1.65 a share down from its initial guidance of $1.80 to $2.10 a share. Revenue yields are expected to drop between 2% and 3% compared to original forecast of flat revenue yields.

Continue reading Major Movers on May 21; CCL, MDT, TIVO, SKS, URBN

Limited Brands and Saks Report Strong June Sales Results (LTD, SKS)

Retailers this week reported mixed sales results for the month of June. Declining consumer confidence and concerns over the labor market resulted in less spending from consumers in June. This hurt retailers’ sales results for the month of June.

Continue reading Limited Brands and Saks Report Strong June Sales Results (LTD, SKS)