Below is a list of four significant retail companies that are scheduled to report their quarterly earnings next week. This article provides earnings preview of these retail stocks and consideration for the next week. Use this list as a potential starting point for your analysis.
Urban Outfitters, Inc (URBN): Urban Outfitters, Inc. is a lifestyle specialty retail company that operates under the Urban Outfitters, Anthropologie, Free People, Terrain, Leifsdottir and BHLDN brands. The company also operates a wholesale segment under the Free People and Leifsdottir brands. Its retail stores offer collections of fashion apparel, accessories and home goods.
Urban Outfitters has a market cap of $4.14 billion and will report its fourth quarter earnings results on Monday, March 12, 2012, after market close. The fourth quarter revenues are expected to be $740.36 million when compared to $668.39 million for the same quarter last year. Earnings per share for the fourth quarter are expected to be 30 cents a share from 45 cents a share in the year ago period.
On February 9 2012, Urban Outfitters CEO Richard Hayne said:
For the fourth quarter of fiscal 2012, total company net sales increased 9% over the same quarter last year to $731 million. While each brand reported record sales for the fourth quarter, we are most pleased with the progress the teams made on reducing overall inventory levels. Promotional activity was significantly higher than planned but ending inventories were clean, and on a comparable store basis, lower than the prior year. The direct-to-consumer channel remains a highlight with each brand experiencing strong growth during the quarter. We remain especially excited about the opportunities surrounding this channel.
Urban Outfitters is currently trading around $28.68 with a 52 week range of $21.47 to $33.90. If Urban Outfitters produces excellent results then it will again set new 52-week high in next few weeks.
Pacific Sunwear of California, Inc (PSUN) : Pacific Sunwear of California, Inc. (PacSun) is a specialty retailer rooted in the action sports, fashion and music influences of the California lifestyle. The company sells a combination of branded and casual apparel, accessories and footwear designed to appeal to teens and young adults. It operates a nationwide, primarily mall-based chain of retail stores under the names Pacific Sunwear and PacSun.
PacSun has a market cap of $148.96 million and will report its fourth quarter earnings results on Tuesday, March 13, 2012, after market close. The fourth quarter revenues are expected to be $245.37 million when compared to $262.96 million for the same quarter last year. Earnings per share for the fourth quarter are expected to be loss of 30 cents a share from loss of 33 cents a share in the year ago period.
On January 5 2012, Pacific Sunwear of California announced that its December same-store sales were flat, and that its combined November and December same-store sales were minus 1% through December 31, 2011. The Company also reconfirmed its fourth quarter same-store sales guidance range of minus 3% to plus 2%, and the fourth quarter earnings guidance it provided on December 7, 2011.
Pacific Sunwear of California is currently trading around $2.21 with a 52 week range of $1.11 to $4.49. Investors needs to be careful in the stock since the stock price can swing both ways significantly based on the results.
Guess?, Inc. (GES): Guess?, Inc. designs, markets, distributes and licenses apparel and accessories for men, women and children. It also grant licenses to manufacture and distribute a range of products that complement its apparel lines, including eyewear, watches, handbags, footwear, kids' and infants' apparel, leather apparel, swimwear, fragrance, jewelry and other fashion accessories.
Guess has a market cap of $3.29 billion and will report its fourth quarter earnings results on Wednesday, March 14, 2012, after market close. The fourth quarter revenues are expected to be $778.83 million when compared to $756.92 million for the same quarter last year. Earnings per share for the fourth quarter are expected to be $1.05 per share from $1.11 per share in the year ago period.
Guess is currently trading around $35.43 with a 52 week range of $25.99 to $45.73.
Ross Stores, Inc (ROST): Ross Stores, Inc., together with its subsidiaries, operates off-price retail apparel and home accessories stores. Ross Sores has a market cap of $12.66 billion and will report its fourth quarter earnings results on Thursday, March 15, 2012. The fourth quarter revenues are expected to be $2.39 billion when compared to $2.15 billion for the same quarter last year. Earnings per share are expected to increase to 86 cents a share from 69 cents a share in the year ago period.
On February 2nd 2012, Ross Stores Inc announced that:
For the 13 weeks ended January 28, 2012, sales rose 12% to $2.398 billion, from $2.145 billion for the 13 weeks ended January 29, 2011. Comparable store sales for the quarter ended January 28, 2012 increased 7% on top of 4% and 10% growth in the fourth quarters of 2010 and 2009, respectively.
Michael Balmuth, Vice Chairman and Chief Executive Officer, commented:
Sales for both January and the fourth quarter of fiscal 2011 were well ahead of our expectations as our wide assortments of compelling name-brand bargains continue to appeal to today's value-focused consumers. Juniors, Shoes and Children's were the strongest merchandise categories during the month, while Florida and the Mid-Atlantic were the top performing regions.
Also, they announced that its Board of Directors recently approved a 27% increase in the quarterly cash dividend to $.14 per common share, payable on March 30, 2012 to stockholders of record as of February 17, 2012.
Ross Stores is currently trading around $55.36 with a 52 week range of $33.50 to $55.60. If Ross Stores produces excellent results then it will again set new 52-week high after the earnings.
Sources: Some of the data is sourced from Google Finance, Yahoo Finance and investors site.
Disclosure: I have no positions in any stocks mentioned, but I may initiate either short or long position in the above mentioned stocks over the next 72 hours.
Disclaimer: I am not a registered investment advisor and does not provide specific investment advice. The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock you should do your own research and reach your own conclusion. It is up to the investors to make the correct decision after necessary research.