The retail earnings crunch is winding down, with reports from
Tiffany & Co. (NYSE:
) and Costco Wholesale (NASDAQ:
) and a sprinkling of others this holiday-shortened week.
In fact, the first-quarter earnings season is winding down, so
overall things will be pretty quiet on that front.
Tiffany & Co.
Fiscal first-quarter earnings from this fine jewelry and
luxury goods purveyor are forecast to come to $0.52 per share in
Tuesday morning's report. That that would be down more than 18
percent from the year-ago period. In the past 60 days, the
consensus EPS estimate has slipped from $0.58. This New York
City-based company fell short of analysts' EPS expectations in
three of the past four quarters.
Quarterly revenues are predicted to total $855.16 million,
which would be more than four percent higher relative to a year
ago. And thus far, revenues and EPS are expected to be up
sequentially and year-over-year in the current quarter.
In its report Thursday morning, this membership warehouse
operator is expected to say that its third-quarter earnings rose
more than 14 percent from the year-ago period to $1.03 per share.
Analysts underestimated Costco's EPS in the past five quarters,
and their consensus EPS forecast for this one has not changed in
the past 60 days.
Revenues from this Issaquah, Washington-based company are
forecast to total $24.23 billion for the quarter, or more than
eight percent higher than in the same period of last year. And
revenue and EPS for the current quarter as so far predicted to be
higher sequentially and year-over-year.
Brown Shoe Company (NYSE:
). This St. Louis-based specialty retailer is expected to post
$0.22 per share earnings and sales of $609.73 million for the
fiscal first quarter. That would be down from $0.23 per share and
$626.44 million in revenue in the same period of last year. The
company will share its results Wednesday morning.
Chico's FAS (NYSE:
). Analysts on average expect this apparel retailer to report
Wednesday before the opening bell that its per-share earnings
increased about 11 percent to $0.36 and its revenue swelled more
than eight percent year-over-year to $707.75 million in its first
). The consensus forecast calls for EPS to be down about eight
percent year-over-year to $0.90, with sales more than five
percent higher to $588.83 million. This branded footwear and
accessories retailers is scheduled to report first-quarter
results Wednesday before the markets open.
). This apparel store operator is expected to post a
first-quarter profit of $0.36 per share, which would be down
year-over-year from $0.47. Quarterly revenues are forecast to be
marginally higher than a year ago to $498.21 million. Express
steps into the earnings spotlight Thursday before the opening
). Analysts on average expect this Memphis-based regional
discount store operator to report early Thursday that its
per-share earnings slipped by a penny year-over-year to $0.27.
Revenue for its fiscal first quarter is forecast to be marginally
lower to $499.41 million.
Fresh Market (NASDAQ:
). The consensus forecast calls for EPS to be about nine percent
higher year-over-year to $0.44. The first-quarter revenue is
expected to have jumped almost 14 percent to $369.70. The grocery
store operator reports Wednesday before the markets open.
Michael Kors (NYSE:
). Analysts on average expect this branded apparel purveyor to
report Wednesday morning that its per-share earnings surged more
than 43 percent to $0.39, while revenue also increased more than
43 percent year-over-year to $544.71 million in its fiscal fourth
). A profit of $0.07 per share and sales of $107.20 million are
expected when this teen-focused specialty retailer posts its
first-quarter results Wednesday afternoon. That compares to
earnings of $0.18 per share and $96.52 million in revenue
reported in the same quarter of last year.
Wet Seal (NASDAQ:
). The consensus forecast calls for EPS to have declined
year-over-year from $0.02 to $0.01. First-quarter revenue is
believed to have declined too, almost eight percent, to $136.28
million. This women's wear retailer is due to share its results
Tuesday after the markets close.
And the Rest
Other companies expected to post year-over-year earnings
growth this week include Krispy Kreme Doughnuts (NYSE:
), Lions Gate Entertainment (NYSE:
), Pall Corp. (NYSE:
) and United Natural Foods (NASDAQ:
But per-share earnings from Avago Technologies (NASDAQ:
), Esterline Technologies (NYSE:
), Joy Global (NYSE:
), Perfect World (NASDAQ:
) and Sanderson Farms (NASDAQ:
) are predicted to be lower than a year ago.
Another net loss is anticipated from solar power products
makers Canadian Solar (NASDAQ:
) and Trina Solar (NYSE:
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