Announcements on Quarterly Financial Results - Research Report on Abercrombie & Fitch, Dollar Tree, Aeropostale, Stage Stores, and Buckle
NEW YORK, August 27, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Investors' Reports announced new research reports highlighting Abercrombie & Fitch Co. (NYSE: ANF), Dollar Tree, Inc. (NASDAQ: DLTR), Aeropostale Inc. (NYSE: ARO), Stage Stores Inc. (NYSE: SSI), and The Buckle, Inc. (NYSE: BKE). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Abercrombie & Fitch Co. Research Report
On August 22, 2013, Abercrombie & Fitch Co. (Abercrombie & Fitch) reported its Q2 FY 2013 financial results (period ended August 3, 2013). The Company's net sales declined 0.6% YoY to $945.7 million during the quarter. Net income was $11.4 million, or $0.14 per diluted share, in Q2 FY 2013, compared to net income of $17.1 million, or $0.20 per diluted share, in Q2 FY 2012. According to the Company, net income per diluted share for Q2 FY 2013 includes $0.02 in charges related to the implementation of the Company's profit improvement initiative. Commenting on the results, Abercrombie & Fitch CEO and Chairman of the Board, Mike Jeffries, said, "The second quarter was more difficult than expected due to weaker traffic and continued softness in the female business, consistent with what others have reported. In that context we are planning sales, inventory and expenses conservatively for the remainder of the year."The Company expects Q3 FY 2013 diluted earnings per share to be in the range of $0.40 to $0.45. The Full Research Report on Abercrombie & Fitch Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-22/ANF]
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Dollar Tree, Inc. Research Report
On August 22, 2013, Dollar Tree, Inc. (Dollar Tree) reported its Q2 FY 2013 financial results (period ended August 3, 2013). The Company's net sales increased 8.8% YoY to $1.9 billion during the quarter. Net income was $124.7 million, or $0.56 per diluted share, in Q2 FY 2013, compared to net income of $119.2 million, or $0.51 per diluted share, in Q2 FY 2012. Commenting on the results, Dollar Tree CEO Bob Sasser, said, "Sales, customer traffic, average ticket, earnings and operating margin all continue to grow. Customers are responding in record numbers to our outstanding values in both discretionary and consumable merchandise categories." Dollar Tree expects sales to be in the range of $1,870 million to $1,920 million for Q3 FY 2013, based on low- to mid-single digit positive comparable store sales and $7,850 million to $7,970 million for full-year FY 2013 based on a low-single digit positive comparable store sales. The Company also expects diluted EPS to be in the range of $0.54 to $0.59 for Q3 FY 2013 and $2.65 to $2.77 for full-year FY 2013. The Full Research Report on Dollar Tree, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-22/DLTR]
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Aeropostale Inc. Research Report
On August 22, 2013, Aeropostale Inc. (Aeropostale) reported its Q2 FY 2013 results (period ended August 3, 2013). The Company's net sales declined 6.4% YoY to $454.0 million during the quarter. Net loss was $33.7 million, or $0.43 per diluted share, in Q2 FY 2013, compared to net income of $71,000, or $0.00 per diluted share, in Q2 FY 2012. Commenting on the results, Thomas P. Johnson, CEO of Aeropostale, said, "Our business was pressured by a challenging teen retail environment with weak traffic trends and high levels of promotional activity. Our results were particularly disappointing given the level of change we have registered with the Aeropostale brand in recent periods." The Full Research Report on Aeropostale Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-22/ARO]
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Stage Stores Inc. Research Report
On August 22, 2013, Stage Stores, Inc. (Stage Stores) reported its Q2 FY 2013 financial results (period ended August 3, 2013). The Company's total sales increased 3.6% YoY to $395.3 million. Net income was $9.6 million, or $0.29 per diluted share, in Q2 FY 2013, compared to net income of $11.7 million, or $0.37 per diluted share, in Q2 FY 2012. Commenting on the results, Michael Glazer, President and CEO of Stage Stores said, "After a slow start to the quarter, sales improved as the weather normalized. We ended the quarter with a nice surge from the start of the back-to-school shopping period. We are pleased with our sales performance and record adjusted earnings for the quarter." Stage Stores expects sales to be in the range of $1,672 thousand to $1,690 thousand and adjusted EPS to be in the range of $1.30 to $1.40 for full-year FY 2013. The Full Research Report on Stage Stores Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-22/SSI]
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The Buckle, Inc. Research Report
On August 22, 2013, The Buckle, Inc. (Buckle) reported its Q2 FY 2013 financial results (period ended August 3, 2013). The Company's net sales increased 7.9% YoY to $232.5 million during the quarter. Comparable store net sales increased 3.2% YoY, while online sales increased 5.3% YoY to $16.8 million during the quarter. Net income was $25.1 million, or $0.52 per diluted share, in Q2 FY 2013 compared to net sales of $23.2 million, or $0.49 per diluted share, in Q2 FY 2012. The Full Research Report on The Buckle, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-22/BKE]
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