Apparel Stores Declare Monthly Sales Report and Earnings Results - Analyst Notes on Gap, L Brands, American Eagle Outfitters, Express, and The Men's Wearhouse
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NEW YORK, March 18, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Gap Inc. (NYSE: GPS), L Brands, Inc. (NYSE: LB), American Eagle Outfitters, Inc. (NYSE: AEO), Express Inc. (NYSE: EXPR), and The Men's Wearhouse, Inc. (NYSE: MW). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
Gap Inc. Analyst Notes
On March 6, 2014, Gap Inc. (Gap) announced reported net sales for February 2014 (period ended March 1, 2014), which decreased 3.8% to $929.0 million. The Company reported that its comparable sales for February 2014 were down 7%, versus a 3% increase in February 2013. Gap notified that more than 450 stores experienced closures during the month due to weather. Additionally, Gap informed that it will report its March 2014 sales on April 10, 2014. The full analyst notes on Gap Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03182014/GPS/report.pdf
L Brands, Inc. Analyst Notes
On February 26, 2014, L Brands, Inc. reported its financial results for Q4 FY 2013 and FY 2013 (period ended February 1, 2014). Net sales decreased 1.0% YoY to $3.8 billion during the quarter. Net income was $489.6 million or $1.65 per diluted share in Q4 FY 2013, compared to net income of $411.4 million or $1.39 per diluted share in Q4 FY 2012. FY 2013 net sales increased 3.0% YoY to $10.8 billion. Net income was $903.0 million or $3.05 per diluted share in FY 2013, compared to net income of $753.0 million or $5.54 per diluted share in FY 2012. The full analyst notes on L Brands, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03182014/LB/report.pdf
American Eagle Outfitters, Inc. Analyst Notes
On March 11, 2014, American Eagle Outfitters, Inc. (American Eagle Outfitters) reported its financial results for Q4 FY 2013 and FY 2013 (period ended February 2, 2014). Total net revenue decreased 6.7% YoY to $1.0 billion during the quarter. Net income was $10.5 million or $0.05 per diluted share in Q4 FY 2013, compared to net income of $94.8 million or $0.47 per diluted share in Q4 FY 2012. FY 2013 total revenue decreased 4.9% YoY to $3.3 billion. FY 2013 net income was $83.0 million or $0.43 per diluted share, compared to net income of $232.1 million or $1.16 per diluted share in FY 2012. Commenting on the results, interim CEO of American Eagle Outfitters, Jay Schottenstein said, "The Company's results in 2013 were highly disappointing. While tough macro conditions have persisted in our retail sector, our merchandise and overall customer experience fell short of expectations. We're taking steps to bring greater focus and excitement to our product offering and better engage our core customers. Our brands remain incredibly strong and I'm confident in our ability to execute the strategic plan and resume long-term profitable growth." The full analyst notes on American Eagle Outfitters, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03182014/AEO/report.pdf
Express Inc. Analyst Notes
On March 12, 2014, Express Inc. reported its financial results for Q4 FY 2013 and FY 2013 (period ended February 1, 2014). Net sales decreased 2.2% YoY to $715.9 million during the quarter. Net income was $47.9 million or $0.57 per diluted share in Q4 FY 2013, compared to net income of $63.9 million or $0.75 per diluted share in Q4 FY 2012. FY 2013 net sales increased 2.9% YoY to $2.2 billion. FY 2013 net income was $116.5 million or $1.37 per diluted share, compared to net income of $139.2 million or $1.60 per diluted share in FY 2012. The full analyst notes on Express Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03182014/EXPR/report.pdf
The Men's Wearhouse, Inc. Analyst Notes
On March 11, 2014, The Men's Wearhouse, Inc. reported its financial results for Q4 FY 2013 and FY 2013 (period ended February 1, 2014). Total net sales decreased 7.9% YoY to $560.6 million during the quarter. Net loss attributable to common shareholders was $30.4 million or $0.64 per diluted share in Q4 FY 2013, compared to net income of $3.4 million or $0.07 per diluted share in Q4 FY 2012. FY 2013 revenue decreased 0.6% YoY to $2.5 billion. FY 2013 net earnings attributable to common shareholders was $83.8 million or $1.70 per diluted share, compared to net income of $131.7 million or $2.55 per diluted share in FY 2012. The full analyst notes on The Men's Wearhouse, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03182014/MW/report.pdf
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