Services Sector Announced Financial Results and New Stores - Research Report on JCPenney, VCA Antech, Lumber Liquidators Holdings, Pier 1 Imports, and Saks
NEW YORK, October 31, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting J. C. Penney Company, Inc. (NYSE: JCP), VCA Antech Inc. (NASDAQ: WOOF), Lumber Liquidators Holdings, Inc. (NYSE: LL), Pier 1 Imports, Inc. (NYSE: PIR), and Saks Incorporated (NYSE: SKS). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
J. C. Penney Company, Inc. Research Report
On October 25, 2013, J. C. Penney Company, Inc. (JCPenney) announced that it has teamed up with shopkick, the most widely used real-world shopping app that rewards shoppers for simply walking into stores. JCPenney informed that its shoppers will be able to earn "kicks(TM)," shopkick's proprietary reward currency, along with special offers from JCPenney, when visiting the retailer's nearly 1,100 store locations across the country. To celebrate the launch, JCPenney will be offering shopkick users additional kicks for a limited time when they visit a JCPenney store. The Full Research Report on J. C. Penney Company, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/500f_JCP]
VCA Antech Inc. Research Report
On October 24, 2013, VCA Antech Inc. (VCA Antech) reported its financial results for Q3 2013. Total revenue increased 7.0% YoY to $464.1 million. Net income attributable to VCA Antech was $40.6 million or $0.45 per diluted share, compared to $34.0 million or $0.38 per diluted share in Q3 2012. Commenting on the results, Chairman and CEO Bob Antin said, "We had an excellent quarter with increases in revenue growth in both our core Animal Hospital and Laboratory business segments. We were able to hold operating margin in our Animal Hospital business segment on 1.1% same-store revenue growth and increase it 120 basis points on a 6.3% increase in internal revenue in our Laboratory business segment." The Full Research Report on VCA Antech Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/3532_WOOF]
Lumber Liquidators Holdings, Inc. Research Report
On October 23, 2013, Lumber Liquidators Holdings, Inc. (Lumber Liquidators) reported its financial results for Q3 2013. Net sales increased 24.5% YoY to $254.3 million. Net income increased to $20.4 million or $0.73 per diluted share, compared to net income of $12.9 million or $0.46 per diluted share in Q3 2012. Commenting on the results, President and CEO Robert M. Lynch, said, "We experienced consistently strong demand across the third quarter as our superior value proposition continues to resonate with a growing customer base. We continue to gain share in a highly-fragmented market through our outstanding team of hardwood flooring experts, delivery of a wide assortment of high-quality products and by maintaining our position as the low-price leader. We are pleased to have driven additional operating margin expansion through our focus on continuous improvement and the resulting cumulative benefits of our key strategic initiatives." 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.analystscorner.com/r/full_research_report/f628_LL]
Pier 1 Imports, Inc. Research Report
On October 18, 2013, Pier 1 Imports, Inc.'s (Pier 1 Imports) Board of Directors authorized a new $200 million share repurchase program. The Company confirmed that the new share repurchase program is effective immediately and authorizes the repurchase of up to $200 million of Pier 1 Imports' common stock in open market or private transactions. According to the Company, the timing of the repurchases will depend on several factors, including prevailing market conditions and prices. As of October 17, 2013, the Company had approximately 103.8 million shares of common stock outstanding. Furthermore, the Company informed that the board of directors has elected three new directors to the Board - Cynthia P. McCague, Michael A. Peel, and Ann M. Sardin. The Full Research Report on Pier 1 Imports, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b370_PIR]
Saks Incorporated Research Report
October 24, 2013, Saks Incorporated (Saks) announced that Saks Fifth Avenue is set to unveil a newly renovated men's store at its Boca Raton location in the Town Center at Boca Raton. The new lifestyle store will offer a one-of-a-kind shopping experience highlighted by all-new designer presentations and one of the largest men's shoe departments in the area. According to Saks, Saks Fifth Avenue will celebrate the grand opening of the new Men's store with a series of events, starting with an intimate VIP preview dinner on November 20, 2013, co-hosted with Giorgio Armani Collezioni. Saks further reported that, on November 21, 2013, it will hold a kick-off celebration and trend presentation with Boca Raton Magazine benefiting The Florida Panthers Foundation, hosted by Boca Raton's General Manager John Antonini and Saks Fifth Avenue's Vice President and Men's Fashion Director Eric Jennings. The Full Research Report on Saks Incorporated - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2823_SKS]
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