Key Developments: Saks Inc (SKS)
12.17USD
20 May 2013
$0.32 (+2.70%)
$11.85
$11.78
$12.18
$11.72
1,471,725
2,014,864
$12.18
$9.24
Latest Key Developments (Source: Significant Developments)
Saks Inc Issues FY 2013 Revenue Guidance In Line With Analysts' Estimates
Saks Inc announced that for fiscal 2013, it expects about an 8% operating margin target and the Company still believe that that's the appropriate number for the Company to be aspiring to. For the Company to get there, the Company has to see top-line growth 3% to 5%, but that is not longer term aspiration. The Company reported revenue of $3.148 billion in fiscal 2012. According to I/B/E/S estimates analysts are expecting the Company to report revenue of $3.242 billion for fiscal 2013. Full Article
Saks Inc Comments On FY 2013 Comparable Store Sales Guidance
Saks Inc announced that for fiscal 2013, it expects comparable store sales to grow in the 3% to 5% range. Full Article
Saks Inc Reaffirms H2 2012 Comparable Store Sales Guidance
Saks Inc reaffirmed assumptions for the balance of fiscal 2012. The Company expects comparable store sales growth in the mid-single digit range for the second half of 2012. Full Article
Saks Incorporated Comments On Q2, H2 2012 Comparable Store Sales Guidance
Saks Incorporated announced that it expects comparable store sales growth in the mid-single digit range for the second quarter of 2012 and for the second half of 2012. Full Article
Saks Incorporated Comments On FY 2012 Comparable Store Sales Guidance-Conference Call
Saks Incorporated announced that for fiscal 2012, it expects comparable-store sales to grow in the 5% to 7% range. Full Article
Saks Incorporated Comments On Q4 2011 Comparable Store Sales Guidance
Saks Incorporated announced that for fourth quarter of 2011, it expects comparable store sales growth in the mid-to-high single digit range. Full Article
Saks Incorporated Issues H2 2011 Comparable Store Sales Guidance
Saks Incorporated announced that it expects comparable store sales growth in the mid-to-high single digit range in the second half of 2011. Full Article
Saks Incorporated Raises Q2 2011 Comparable Store Sales Guidance
Saks Incorporated announced that it now expects comparable store sales will increase in the low-double digit range for the second fiscal quarter of 2011. Full Article
Fitch Affirms Saks' IDR at 'BB''; Outlook Stable
(The following statement was released by the rating agency) NEW YORK, March 22 (Fitch) Fitch Ratings has affirmed its Issuer Default Rating (IDR) on Saks Incorporated (Saks) at 'BB'. The Rating Outlook is Stable. A full list of rating actions appears at the end of this release. KEY RATING DRIVERS The affirmations reflect Fitch's expectation that Saks' credit metrics will remain fairly stable over the next 12-24 months. Fitch expects adjusted debt/EBITDAR to be within 2.9x-3.1x, as debt reduc
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