New Appointments and Earnings Releases for Retailers - Research Report on Lumber Liquidators, Ann Inc., Sears Hometown and Outlet Stores, Barnes & Noble, and PriceSmart
NEW YORK, June 12, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Wall Street Reports announced new research reports highlighting Lumber Liquidators Holdings Inc. (NYSE: LL), Ann Inc. (NYSE: ANN), Sears Hometown and Outlet Stores Inc. (NASDAQ: SHOS), Barnes & Noble, Inc. (NYSE: BKS), and PriceSmart, Inc. (NASDAQ: PSMT). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Lumber Liquidators Holdings Inc. Research Report
On June 5, 2013, Lumber Liquidators Holdings Inc. (Lumber Liquidators) announced the appointment of Sandra C. Whitehouse as the Company's Senior Vice President, Chief Human Resources Officer. She will oversee the development and operation of the Company's human resources functions and will report directly to Lumber Liquidators' Chief Executive Officer, Robert Lynch. Mr. Lynch commented, "Sandy is a seasoned executive with more than 35 years of experience in the retail industry and has demonstrated leadership across all human resources functions, from talent acquisition and organizational development to compliance, compensation and benefits administration. With her combined human resources and operational expertise, Sandy is well poised to support our employees and business as our Company grows in scale and complexity." The Full Research Report on Lumber Liquidators Holdings Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/fc27_LL]
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Ann Inc. Research Report
On June 6, 2013, Ann Inc. (Ann Inc.) reported its financial results for Q1 FY 2013 (period ended May 4, 2013). Total sales grew 2.5% YoY to $574.5 million. Net income was $20.9 million or $0.44 per diluted share, compared with net income of $28.7 million or $0.58 per diluted share in Q1 FY 2012. Commenting on the results, Kay Krill, Ann Inc.'s President and Chief Executive Officer, said, "As previously noted, our first quarter performance reflected the impact of unseasonably cold weather, which negatively affected sales of warm weather product, primarily at LOFT. As a result, we were more promotional than planned to clear through inventory in advance of second quarter deliveries." She added, "The onset of more seasonable weather in May resulted in positive comparable sales performance at both brands and in all channels for the month, and we are on track to achieve higher profitability and positive comp performance at both brands for the second quarter." The Full Research Report on Ann Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/841a_ANN]
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Sears Hometown and Outlet Stores Inc. Research Report
On June 7, 2013, Sears Hometown and Outlet Stores Inc. (SHO) reported results for Q1 FY 2013 (period ended May 4, 2013). Net sales decreased 3.2% YoY to $601.1 million. According to the Company, this decrease was driven primarily by a 5% YoY reduction in comparable store sales partially offset by new store sales (net of closures), a favorable impact from a fiscal calendar shift following the extra (53rd) week in FY 2012, and higher Outlet liquidation revenues. Commenting on the results, Bruce Johnson, SHO's Chief Executive Officer and President, said, "Sales were below last year due to the impact of unseasonably cool weather in February and March. Same store sales of lawn and garden, our second largest category, were down 45% in the first two months. We were pleased with the improvement during the latter portion of the quarter. With generally more moderate temperatures in April, same store sales for the category during that month were up 4.2%. Comparable store sales for most other categories, excluding consumer electronics, were positive during the quarter." The Full Research Report on Sears Hometown and Outlet Stores Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/a0c4_SHOS]
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Barnes & Noble, Inc. Research Report
On June 7, 2013, Barnes & Noble, Inc. (Barnes & Noble) announced that the Company will report its earnings for Q4 FY 2013 and full-year FY 2013 on Tuesday, June 25, 2013 before the market opens. A conference call will follow at 10:00 a.m. ET to review the Company's financial results and operations. On February 28, 2013, the Company had issued its full-year FY 2013 guidance and had projected retail comparable bookstore sales to decline on a percentage basis in the low- to mid-single digits for full-year FY 2013. Also, it had forecasted NOOK Media revenues, which include the NOOK and College businesses, to be approximately $2.5 billion for full-year FY 2013. The Full Research Report on Barnes & Noble, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/994e_BKS]
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PriceSmart, Inc. Research Report
On June 7, 2013, PriceSmart, Inc. (PriceSmart) announced that its net sales increased 14.8% YoY to $187.5 million in May 2013. For the nine months ended May 31, 2013, net sales increased 11.4% YoY to $1.7 billion. For the five-week period ended June 2, 2013, comparable sales for the 29 warehouse clubs open at least 13 ½ full months increased 9.8% YoY. For the thirty-nine week period ended June 2, 2013, comparable warehouse sales increased 8.9% YoY. The Company also announced that it plans to release its financial results for Q3 FY 2013 on Wednesday, July 10, 2013, after the market closes. PriceSmart management will host a conference call at 12:00 p.m. ET on Thursday, July 11, 2013, to discuss its financial results. The Full Research Report on PriceSmart, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/fd2a_PSMT]
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SOURCE Wall Street Reports
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