Current Happenings in Consumer Services Sector: Special Research on Tilly's, Stage Stores, Men's Wearhouse, New York & Company, and Nordstrom
NEW YORK, March 2, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Tilly's (NYSE: TLYS), Stage Stores (NYSE: SSI), Men's Wearhouse (NYSE: MW), New York & Company (NYSE: NWY), and Nordstrom (NYSE: JWN). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
TLYS Research Report: ( http://get.analystsreview.com/pdf/?c=Tilly%27s&d=02-Mar-2015&s=TLYS ),
SSI Research Report: ( http://get.analystsreview.com/pdf/?c=Stage%20Stores&d=02-Mar-2015&s=SSI ),
MW Research Report: ( http://get.analystsreview.com/pdf/?c=Men%27s%20Wearhouse&d=02-Mar-2015&s=MW ),
NWY Research Report: ( http://get.analystsreview.com/pdf/?c=New%20York%20%26%20Company&d=02-Mar-2015&s=NWY ),
JWN Research Report: ( http://get.analystsreview.com/pdf/?c=Nordstrom&d=02-Mar-2015&s=JWN ).
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Analyst Update: Updated Outlook, Upcoming Event, and Quarterly Results
Reviewed by: Rohit Tuli, CFA®
The U.S. stocks ended February with their biggest monthly percentage gains in more than two years. In February, the Dow Jones Industrial Average jumped 5.64%, its best month since January 2013. However on Friday, The Dow Jones Industrial Average fell 81.72 points, or 0.45%, to 18132.70. The S&P 500 slipped 6.24 points, or 0.30%, to 2104.50 and the Nasdaq Composite declined 24.36 points, or 0.49%, to 4963.53. The Commerce Department reported that U.S. gross domestic product expanded at a 2.2% annual rate in the fourth quarter, down from an initial estimate of 2.6%. Separately, the Chicago Business Barometer fell to its lowest point since July 2009, declining to 45.8 in February from January's 59.4. European markets mostly closed higher. Asia Pacific share market ended mixed, on tracking weak lead from Wall Street overnight. China share market finished higher in volatile trade, with investors looking ahead to the annual sessions of China's two key legislative bodies next week. Moreover on Saturday, China reduced its benchmark interest rate by 25 basis points to 5.35% along with a 25 basis point cut in the benchmark saving rate to 2.5%, effective from Sunday.
Tilly's Inc (Tilly's) raised its financial outlook for the fourth quarter of 2014, based on its performance for the "Holiday Period" (nine weeks ended January 3, 2015). The specialty retailer now expects fourth quarter comparable store sales to increase 1.0% to 3.0%, up from the previously issued guidance for comparable stores sales of flat to negative low single digits.
Stage Stores, Inc. (Stage Stores) is scheduled to release its fiscal 2014 fourth quarter and full year financial results on March 3, 2015, which will be followed by a conference call on the same day at 8:30 a.m. ET. The Company also declared a quarterly cash dividend of $0.14 per share on the Company's common stock, payable on March 18, 2015 to shareholders of record as on March 3, 2015.
The Men's Wearhouse, Inc. (Men's Wearhouse) has scheduled to release its Q4 and full-year 2014 financial results on Wednesday, March 11, 2015, at approximately 5:30 p.m. ET. As per Zacks investment research the Company is expected to report loss of $0.09 per share for Q4 2014, but earnings of $2.40 per share for full-year 2014.
New York & Company, Inc. (New York & Company) provided overview on its holiday performance along with Q4 FY 2014 outlook. Comparable store sales for the nine week period ended January 3, 2015 ("holiday period") decreased 0.9%, which was in-line with the Company's prior guidance.
Nordstrom, Inc. (Nordstrom) announced its Q4 2014 and full-year fiscal 2014 financial results. For 2014, diluted EPS of $3.72, was in-line with the Company's full-year outlook of $3.70 to $3.75. The Company's total net sales for FY 2014 increased 7.8% YoY to $13.1 billion while comparable sales increased 4.0%, exceeding the Company's full-year outlook of approximately 3.5%. The Company also provided outlook for FY 2015.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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