Retail - Apparel / Accessories
Stage Stores Inc Reaffirms FY 2013 EPS And Comparable Same Store Sales Guidance; Raises FY 2013 Revenue Guidance
Stage Stores Inc announced that for fiscal 2013, it is maintaining its comparable store sales guidance of an increase of 2% to 4% and adjusted EPS guidance, excluding one-time items, of $1.45 to $1.55. The one-time items are associated with the consolidation of the Company's South Hill operations into its Houston headquarters and are estimated to be approximately $16 million, or $0.30 per diluted share, for the year. The Company also updated its fiscal 2013 revenue guidance and expects revenue to be in the range of $1.698-$1.730 billion. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $1.715 billion and EPS of $1.53 for fiscal 2013.
Nordstrom Inc Reaffirms FY 2013 EPS Guidance; Lowers FY 2013 Same Store Sales Guidance
Nordstrom Inc announced that it continues to expect fiscal 2013 earnings per diluted share consistent with the previous outlook of $3.65 to $3.80. This reflects fiscal 2013 same-store sales increases of 3% to 5% and incorporates the performance of the first quarter. It also includes the impact of share repurchases in the first quarter, which is expected to increase earnings per diluted share by approximately $0.05. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $3.80 for fiscal 2013.
Oriental Watch Holdings Ltd Comments On FY 2013 EBIT Guidance
Oriental Watch Holdings Ltd announced that for the fiscal 2013, it expects operating profit (EBIT) to be substantially lower than that for the fiscal 2012, mainly as a result of a decrease in turnover and drop in gross profit margin due to the adverse effect of the slow down of Mainland China’s economy, keen competition and increase in general stock provision. The Company reported EBIT of HKD284.58 million for fiscal 2012. According to I/B/E/S estimates, analysts were expecting the Company to report EBIT of HKD225.06 for fiscal 2013.
SmartGuy Group A/S Maintains FY 2012/2013 Revenue Guidance and Lowers FY 2012/2013 EBITDA Guidance
SmartGuy Group A/S announced that for the financial year 2012/2013 the Company continues to expect a total revenue at a level of DKK 450 million, corresponding to an expected annual growth rate at a level of 30% while expectations for full-year 2012/2013 EBITDA earnings before special items have been reduced to a level of DKK 5 million. According to I/B/E/S estimates, analysts on average are expecting the Company to report fiscal year 2012/2013 EBITDA of DKK 27 million.
Restoque Comercio e Confeccoes de Roupas SA Announces Share Repurchase Program
Restoque Comercio e Confeccoes de Roupas SA announced that, on May 13, 2013, its Board of Directors approved the end of share repurchase program and beginning of a new one. The Company aims to acquire up to 17,217,125 ordinary shares, corresponding to a 10.00% stake of the total ordinary shares of the Company. The repurchase period is 365 days. It will start on May 13, 2013 and will end on May 13, 2014. The program’s intermediary institutions are Morgan Stanley CTVM SA, Votorantim CTVM Ltda and J.P. Morgan CCVM SA.
Nordstrom Inc Approves Quarterly Dividend
Nordstrom Inc announced that Board Of Directors approved a quarterly dividend of 30 cents per share payable on June 17, 2013 to shareholders of record at the close of business on May 31, 2013.
Radiant Logistics Inc Issues Q4 2013 Guidance; Revenue Guidance Below Analysts' Estimates; Net Income Guidance Above Analysts' Estimates
Radiant Logistics Inc announced that providing guidance for the fourth quarter of 2013, it expects adjusted EBITDA in the range of $2.6 - $3.1 million on approximately $75.0-$80.0 million in revenues which equates to adjusted net income in the range of $1.3 - $1.6 million, or $0.03 - $0.04 per diluted share. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $84 million, net income of $0.7 million, EBITDA of $2.6 million and EPS of $0.02 for the fourth quarter of 2013.
I Kloukinas I Lappas SA Construction and Commercial Co Acquires 100% Of Subsidiary
I Kloukinas I Lappas SA Construction and Commercial Co announced the acquisition of the remaining 6.86% of its subsidiary I Kloukinas I Lappas Energy Technical Commercial Construction and Industrial Company against the amount of EUR 216,000. After the acquisition I Kloukinas I Lappas SA Construction and Commercial Co owns 100% of the total share capital of I Kloukinas I Lappas Energy Technical Commercial Construction and Industrial Company.
Jos. A. Bank Clothiers Inc Issues Q1 2013 EPS Guidance Below Analysts' Estimates
Jos. A. Bank Clothiers Inc announced that for first quarter of 2013, it expects earnings to be approximately $0.27 to $0.30 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.46 for first quarter of 2013.
True Religion Apparel Inc Agrees To Go Private In $835 Million Deal-Reuters
Reuters reported that True Religion Apparel Inc said it has agreed to be acquired by investment management firm TowerBrook Capital Partners LP in a deal worth about $835 million. TowerBrook will pay $32 per share in cash, representing a premium of about 9% to True Religion's closing price on May 9, 2013. The offer price is 52% above True Religion's closing share price on October 9, 2012, the day before the company announced that it was exploring strategic alternatives. The company's board unanimously approved the deal and recommended that shareholders vote in favor of the transaction, which is expected to close in the third quarter. Guggenheim Securities served as the financial adviser to True Religion, while Greenberg Traurig and Akin Gump Strauss Hauer & Feld were legal advisers. Deutsche Bank, Jefferies and UBS Investment Bank acted as financial advisers to TowerBrook, and Wachtell, Lipton, Rosen & Katz was the legal adviser.
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Analyst Research
| Report Title | Price |
|---|---|
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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Provider: Auerbach Grayson & Co., Inc.
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$25.00
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Provider: GlobalData
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$125.00
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