Goldman Sachs Upgrades American Eagle Outfitters (AEO) to Buy Sep 19, 2014 06:42AM

Goldman Sachs upgraded American Eagle Outfitters (NYSE: AEO) from Neutral to Buy with a price target of $16.00. Analyst Lindsay Drucker Mann thinks margins are set to recover.

"Stronger realized pricing and tighter inventories during the back-to-school season support a stabilization in comp sales and improved merchandise margins. Margin improvement is further supported by AEO's focus on operating expense control. We expect shares will outperform as out-year EPS projections are revised higher (our FY15 forecast is 25% above consensus) and improved sentiment drives multiple expansion toward 17X," said Drucker Mann.

For an analyst ratings summary and ratings history on American Eagle Outfitters click here. For more ratings news on American Eagle Outfitters click here.

Shares of American Eagle Outfitters closed at $14.43 yesterday.


Sears (SHLD): Credit Suisse Warns Story Not Likely to Have Happy Ending Sep 18, 2014 10:36AM

Credit Suisse reiterated an Underperform rating on Sears Holdings (NASDAQ: SHLD) with a price target of $20. 2014/15 EPS was lowered to ($12.36)/($10.94) from ($6.84)/($4.94). Analyst Gary Balter said unless it sells off real assets while maintaining cash flow "this story is not likely to have a happy ending."

"Three events had to shake supplier confidence in the last month. First, Sears reported another disastrous quarter, with EBITDA well below even our pessimistic projections. Second, and more important, there were no new potential financing tricks up Sears' sleeve. It was the usual "sell off Canada" (ignoring that most of the good sites have already been sold and Target is losing more than imaginable in that market now) and maybe the automotive segment, which no one seems to want as it may be located next to an empty mall anchor in a few years. Third, Sears made a rather strange comment that it is not fully committing its apparel buys for Christmas at this stage, which to us says "we won't have anything that turns out to be popular, as the logistics make it hard to restock in time," said Balter.

"At least, the bulls argued, Sears still has access to all of its real estate, give or take the 125 Sears locations in its insurance subsidiary. However, that changed significantly with the $400 million effectively seasonal financing backed by ESL and secured by 25 locations. All of a sudden, as a vendor, one has to ask if cash flow is that tight that ESL needs to lend the money. And why is it taking first dibs on so-called valuable real estate if that was what the vendors had counted on if things further deteriorate? As seen from the stock action, vendors realized that maybe all this negative cash flow will lead to more of these deals. Will the remaining good assets, select Sears stores, some Kmart leases, and KCD be pledged as well to keep this money-losing business going?," continued the analyst.

"That seems bad for the vendors and for those bulls who continue to argue that the asset value is greater than the stock. We are not sure about that, but we are pretty sure that is not the case if the shareholders can't get those assets. While we don't know where that will end, we end with the same argument we have been using for years now. If the assets are worth that much, liquidate, as operating is taking over $10 a share of value away every year," he added.

For an analyst ratings summary and ratings history on Sears Holdings click here. For more ratings news on Sears Holdings click here.

Shares of Sears Holdings closed at $29.56 yesterday.


Rite Aid (RAD) Tops Q2 EPS by 7c; Cuts FY15 EPS Outlook Sep 18, 2014 07:03AM

Rite Aid (NYSE: RAD) reported Q2 EPS of $0.13, $0.07 better than the analyst estimate of $0.06. Revenue for the quarter came in at $6.5 billion versus the consensus estimate of $6.48 billion.

Same store sales for the quarter increased 4.1 percent over the prior year, consisting of a 1.1 percent increase in front-end sales and a 5.6 percent increase in pharmacy sales.

Rite Aid sees FY15 EPS of $0.22 - $0.33, versus prior guidance of $0.30 - $0.40 and the consensus of $0.34. Sales expected at $26.0 - 26.3 billion, from $26 - $26.5 billion prior.

For earnings history and earnings-related data on Rite Aid (RAD) click here.


Pier 1 Imports (PIR) Misses Q2 EPS by 4c; Refines Financial Model; Guides FY15 EPS Sep 17, 2014 04:07PM

Pier 1 Imports (NYSE: PIR) reported Q2 EPS of $0.10, $0.04 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $418.6 million versus the consensus estimate of $426 million.

Company comparable sales increased 4.5% during the second quarter, attributable to increases in brand traffic, conversion and average ticket.

Refined Intermediate-Term Financial Model

The Company has created a new business model and refined its financial model and expects, in the subsequent two fiscal years, on an annual basis beginning with fiscal 2016, to achieve progressive improvement across all of its financial metrics, including the following goals:

  • Total sales growth in the mid- to high-single digits;
  • Increased gross profit, as a percentage of sales, driven by a combination of improvements in initial mark-up and fulfillment costs, as well as the optimization of store occupancy expense;
  • Moderate leverage of selling, general and administrative expense;
  • Reduced capital expenditures to within a range of $60 million to $70 million per annum; and
  • Earnings per share growth of at least 10% based on a fully diluted share count of approximately 91 million.

Pier 1 Imports sees FY2015 EPS of $0.95-$1.05, versus the consensus of $1.13.

For earnings history and earnings-related data on Pier 1 Imports (PIR) click here.


Cracker Barrel Old Country Store (CBRL) Tops Q4 EPS by 7c Sep 17, 2014 08:08AM

Cracker Barrel Old Country Store (NASDAQ: CBRL) reported Q4 EPS of $1.63, $0.07 better than the analyst estimate of $1.56. Revenue for the quarter came in at $692.7 million versus the consensus estimate of $686.41 million.

Compared to the prior year fourth quarter, comparable store restaurant sales increased 1.2%; comparable store retail sales increased 2.6%; and operating income increased 9.9%, representing a 60 basis point margin improvement.

Cracker Barrel Old Country Store sees FY2015 EPS of $5.80 - $5.95, versus the consensus of $6.08. Cracker Barrel Old Country Store sees FY2015 revenue of $2.75 - $2.80 billion, versus the consensus of $2.77 billion.

For earnings history and earnings-related data on Cracker Barrel Old Country Store (CBRL) click here.


More Retail Sales

View Older Stories

Sep 17, 2014 07:18AM Wedbush Upgrades GNC Corp. (GNC) to Outperform
Sep 15, 2014 08:20AM Bank of America (BAC) said to Hire Morgan Stanley China Investment-Bank Chairman
Sep 12, 2014 03:41PM Pep Boys (PBY) at Mercy of Key Structural Headwinds, Inefficiencies; Stifel Maintains 'Hold' Rating
Sep 12, 2014 08:40AM Advance U.S. Retail Sales Rose 0.6% in August, Flat with Expectations (XRT)
Sep 12, 2014 07:03AM Darden Restaurants (DRI) Reports In-Line Q1 EPS; Guides Q2 EPS to Strong Side
Sep 11, 2014 08:34AM Kroger (KR) Tops Q3 EPS by 1c; Boosts FY14 Comps, EPS Outlook
Sep 11, 2014 08:34AM Kroger (KR) Tops Q3 EPS by 1c; Boosts FY14 Comps, EPS Outlook
Sep 11, 2014 07:18AM McDonald's (MCD) Estimates, PT Cut at Jefferies Amid Weak August Same-Store Sales
Sep 11, 2014 07:02AM RadioShack (RSH) Reports Q2 Loss of $1.00/Share; Working on Possible Debt Restructuring
Sep 10, 2014 05:32PM Men's Wearhouse (MW) Tops Q2 EPS by 4c
Sep 10, 2014 04:08PM The Wet Seal (WTSL) Posts Q2 Loss of 15c/Share; Issues Weak Q3 Outlook
Sep 10, 2014 08:14AM PriceSmart (PSMT) Comps Rose 2.3% in August
Sep 9, 2014 04:28PM Urban Outfitters (URBN) Q3 Comparable Retail Segment Net Sales Are low Single-digit Negative
Sep 9, 2014 04:06PM Krispy Kreme Doughnuts (KKD) Misses Q2 EPS by 3c; Comps Rose 2.8%
Sep 9, 2014 09:07AM Goldman Sachs Trashes Coach's (COH) Spring 2015 and Fall Product; Analyst Reiterates Sell Rating
Sep 9, 2014 08:00AM McDonald's (MCD) Global Comps Fell 3.7% in August; Sees EPS Impact on Supplier Issue
Sep 9, 2014 07:32AM Francesca's Holdings (FRAN) Misses Q2 EPS by 2c; Cuts FY14 Outlook
Sep 9, 2014 07:04AM Burlington Stores (BURL) Tops Q2 EPS by 7c; Boosts FY14 Outlook
Sep 9, 2014 06:57AM Wells Fargo Downgrades Dick's Sporting Goods (DKS) to Market Perform
Sep 9, 2014 06:27AM Sears Hometown and Outlet Stores (SHOS) Reports Q2 EPS of $0.15
Sep 8, 2014 04:31PM Pep Boys (PBY) Posts Breakeven Q2 Loss
Sep 5, 2014 12:32PM Good Times Restaurants (GTIM) Comps Rose 12% in August
Sep 5, 2014 08:26AM Goldman Sachs Comments on Gap's (GPS) Disappointing August Comps; Analyst Expects Pressure on Shares
Sep 4, 2014 05:27PM Stifel Affirms Gap (GPS) at 'Buy' Following August Comps; Continues to Expect Outperformance this Fall
Sep 4, 2014 04:04PM Zumiez, Inc. (ZUMZ) Tops Q2 EPS by 3c; August Comps Up 2%
Sep 4, 2014 04:02PM El Pollo Loco (LOCO) Reports Q2 EPS of $0.21; Guides FY14 Comps, Margins
Sep 4, 2014 04:01PM bebe stores, inc. (BEBE) Misses Q4 EPS by 1c; Comps Fell 1.9%
Sep 4, 2014 04:01PM Gap (GPS) Reports August Comps Declined 2%
Sep 4, 2014 11:46AM AutoNation (AN) Sales Continue Growth in Aug. on Adjusted Basis - Stifel
Sep 4, 2014 09:55AM Stifel Comments on L Brands (LB) Following Aug. Sales Numbers; Reaffirms 'Buy' Rating
Sep 4, 2014 08:46AM Tandy Leather Factory, Inc. (TLF) August Sales Rose 6%
Sep 4, 2014 08:31AM Rite Aid (RAD) Reports 3.9% Gain in August Comps
Sep 4, 2014 08:18AM Walgreens (WAG) August Comps Rose 3.7%
Sep 4, 2014 08:17AM Stein Mart, Inc. (SMRT) August Comps Incease 2.5%
Sep 4, 2014 07:27AM The Buckle (BKE) August Comps Rose 2.5%
Sep 4, 2014 07:09AM L Brands Inc. (LB) August Comps Rose 5%
Sep 4, 2014 07:05AM AutoNation (AN) Reports 7% Increase in Retail Sales for August
Sep 4, 2014 06:10AM Costco Wholesale (COST) Q4, FY14 Revs Miss Expectations
Sep 3, 2014 05:18PM Havertys (HVT) Reports Q3 Written Comps Rose ~3.5%
Sep 3, 2014 04:44PM Yum! Brands Inc (YUM) Updates on Q3 China Comps Outlook
Sep 3, 2014 04:02PM Christopher & Banks Corp. (CBK) Misses Q2 EPS by 4c
Sep 3, 2014 03:18PM U.S. Auto Sales Hit 1.59M in August; Annual Rate at Highest Since Jan. 2006 - AutoData
Sep 3, 2014 12:15PM Honda Motor (HMC) U.S. Sales Up 0.4% in August; Est. Down 9.1%
Sep 3, 2014 10:16AM Toyota Motor (TM) August U.S. Sales Up 6.3%; Est. Down 3.3%
Sep 3, 2014 09:35AM General Motors (GM) Reports Wider than Expected Drop in U.S. Sales for August
Sep 3, 2014 09:35AM General Motors (GM) Reports Wider than Expected Drop in U.S. Sales for August
Sep 3, 2014 09:31AM Ford Motor (F) U.S. Sales Show Surprise Gain in August
Sep 3, 2014 08:16AM Chrysler Group LLC (CGC) U.S. Sales Rose 20% in August, Outpacing Expectations
Sep 3, 2014 07:11AM TrueCar (TRUE) Reports U.S. New Car Avg. Transaction Price Rose 2.4% in August
Sep 3, 2014 06:04AM Vince Holding (VNCE) Tops Q2 EPS by 4c; Boosts FY14 EPS Outlook
View Older Stories