Goldman Sachs Downgrades Abercrombie & Fitch (ANF) to Sell Oct 24, 2014 07:23AM

Goldman Sachs downgraded Abercrombie & Fitch (NYSE: ANF) from Neutral to Sell with a price target of $27 (from $34). Analyst Lindsay Drucker Mann thinks consensus is too optimistic. She noted poor trends in the U.S. and fresh weakness in Europe.

"We believe ANF could miss estimates due to: (1) deterioration in the high margin European business, (2) persistent weakness in the US, evidenced by seven consecutive quarters of negative same store sales growth, and (3) unfavorable currency movements negatively impacting 3Q and 4Q international sales on a year-over-year basis by 2% and 5%, respectively. We lower our 6-month price target to $27, which represents -18% downside and compares with +2% average upside for the group," said Drucker Mann.

"Investors have been hopeful that ANF’s comprehensive cost savings initiative would support healthy margin expansion and EPS acceleration, but we are concerned ongoing revenue and markdown pressure will eat up the bulk of these savings based on our analysis of domestic promotional activity and international brand engagement, which both show continued weakness. ANF is due to report EPS in late November, and we expect the release will be a negative catalyst for shares and inspire downward EPS revisions," she added.

For an analyst ratings summary and ratings history on Abercrombie & Fitch click here. For more ratings news on Abercrombie & Fitch click here.

Shares of Abercrombie & Fitch closed at $33.61 yesterday.


Aaron's (AAN) Misses Q3 EPS Views; Comps Fell 2.8% Oct 24, 2014 07:07AM

Aaron's (NYSE: AAN) reported Q3 EPS of $0.13, $0.24 worse than the analyst estimate of $0.37. Revenue for the quarter came in at $707.6 million versus the consensus estimate of $694.6 million.

Same store revenues (revenues earned in Company-operated stores open for the entirety of the quarter) decreased 2.8% during the third quarter of 2014 compared to the third quarter of 2013, and customer count on a same store basis was down 3.9%.

Aaron's sees Q4 2014 EPS of $0.34-$0.39, versus the consensus of $0.39.

Aaron's sees FY2014 EPS of $1.62-$1.67, versus the consensus of $1.68.

For earnings history and earnings-related data on Aaron's (AAN) click here.


Cabela's (CAB) Misses Q3 EPS by 5c Oct 23, 2014 08:02AM

Cabela's (NYSE: CAB) reported Q3 EPS of $0.81, $0.05 worse than the analyst estimate of $0.86. Revenue for the quarter came in at $886 million versus the consensus estimate of $927.4 million.

Comps fell 11.2%.

For earnings history and earnings-related data on Cabela's (CAB) click here.


Build-A-Bear Workshop (BBW) Tops Q3 EPS by 10c Oct 23, 2014 07:38AM

Build-A-Bear Workshop (NYSE: BBW) reported Q3 EPS of $0.15, $0.10 better than the analyst estimate of $0.05. Revenue for the quarter came in at $85.6 million versus the consensus estimate of $84.23 million.

Consolidated comparable store sales increase 0.8% following a 6.4% increase in the 2013 third quarter

For earnings history and earnings-related data on Build-A-Bear Workshop (BBW) click here.


Dunkin' Donuts (DNKN) Tops Q3 EPS by 2c Oct 23, 2014 06:07AM

Dunkin' Donuts (NASDAQ: DNKN) reported Q3 EPS of $0.49, $0.02 better than the analyst estimate of $0.47. Revenue for the quarter came in at $192.6 million versus the consensus estimate of $196.92 million.

Dunkin' Donuts U.S. comparable store sales growth of 2.0%;

Baskin-Robbins U.S. comparable store sales growth of 5.8%

For earnings history and earnings-related data on Dunkin' Donuts (DNKN) click here.


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