Sept 6 (Reuters) - Gap Inc :Gap Inc - over next three years, company expects to add about 70 net new stores.Gap Inc - over next three years company expects closure of about 200 underperforming Gap and Banana Republic specialty locations.Company expects about $500 million in expense savings over next three years by better leveraging its size and scale.
Aug 30 (Reuters) - Shoe Carnival Inc ::Shoe Carnival reports second quarter financial results.Sees FY earnings per share $1.35 to $1.45.Q2 earnings per share $0.24.Q2 sales $235.1 million versus I/B/E/S view $232.3 million.Q2 same store sales rose 0.4 percent.Sees FY 2017 sales $1.006 billion to $1.019 billion.Q2 earnings per share view $0.20 -- Thomson Reuters I/B/E/S.Fy2018 earnings per share view $1.39, revenue view $1.01 billion -- Thomson Reuters I/B/E/S.Shoe Carnival Inc sees fiscal 2017 comparable store sales flat to down low single digits.Shoe Carnival - expects to open approximately 19 stores and close approximately 25 to 27 stores during fiscal 2017.
Aug 24 (Reuters) - Abercrombie & Fitch Co :Abercrombie & Fitch Co reports second quarter results.Q2 adjusted non-GAAP loss per share $0.16 excluding items.Q2 GAAP loss per share $0.23.Q2 sales $779.3 million versus I/B/E/S view $758.6 million.Q2 earnings per share view $-0.33 -- Thomson Reuters I/B/E/S.Says "we expect environment to remain challenging and promotional in second half".Says comparable sales for Q2 were down 1%.Sees FY 2017 comparable sales to be approximately flat, and flat to up slightly in second half of year.Company anticipates closing approximately 60 stores in U.S. during fiscal year through natural lease expirations.Qtrly Abercrombie comparable sales fell 7 percent.Expects capital expenditures to be approximately $100 million for full year.Sees foreign currency to be a slight benefit to FY 2017 sales and operating income.Qtrly Hollister comparable sales rose 5 percent.Sees FY 2017 gross profit rate down compared to last year's rate of 61.0%, and approximately flat in second half of year.
Aug 24 (Reuters) - Signet Jewelers Ltd ::Qtrly same store sales increased 1.4% .Signet Jewelers reports second quarter financial results.Q2 earnings per share $1.33.Q2 earnings per share view $1.04 -- Thomson Reuters I/B/E/S.Reiterated its fiscal 2018 sss guidance and provided an update to its EPS guidance.Q2 sales $1.4 billion.Q2 sales $1.4 billion up 1.9 percent.Q2 revenue view $1.33 billion -- Thomson Reuters I/B/E/S.Sees 2018 EPS $7.00 - $7.40.Remains on track to close approximately 165 to 170 stores in fiscal 2018.Quarter-end net inventories were $2,282.1 million, down 5.6% compared to $2,418.3 million at prior year quarter-end.Signet does not expect material additional share repurchases in fiscal 2018.FY2018 earnings per share view $6.66, revenue view $6.17 billion -- Thomson Reuters I/B/E/S."Signet is well-positioned for upcoming holiday selling season and on track to achieve our financial targets for year".
Aug 24 (Reuters) - Signet Jewelers Ltd :Signet Jewelers to acquire R2Net, owner of jamesallen.com, to accelerate its customer-first omnichannel strategy.Signet Jewelers Ltd - Deal for $328 million in an all cash transaction..Signet Jewelers Ltd - Anticipates transaction to be accretive in first full year of operations.Signet Jewelers - Following deal, R2Net brands will largely operate as independent division of signet, its current leadership team will remain intact.Signet Jewelers - Deal will be financed with term loan provided by JPMorgan Chase Bank, N.A., which is expected to be repaid in full by end of fiscal 2018.
Aug 23 (Reuters) - Guess? Inc ::Guess?, Inc. Reports second quarter results.Q2 adjusted earnings per share $0.19.Q2 GAAP earnings per share $0.18.Q2 revenue $573.7 million versus I/B/E/S view $559.1 million.Q2 earnings per share view $0.10 -- Thomson Reuters I/B/E/S.Qtrly Americas retail comparable sales including e-commerce decreased 10% in U.S. Dollars and constant currency .Company's board of directors has approved a quarterly cash dividend of $0.225 per share on company's common stock.Sees Q3 consolidated net revenue in U.S. Dollars increase between 4.0% and 6.0%.Sees Q3 GAAP operating margin 0.1% to 0.9%.Sees Fiscal Year 2018 GAAP operating margin 2.4% to 2.8%.Sees Q3 adjusted operating margin 2.2% to 3.0%.Sees Q3 loss per share $0.07 to $0.04; Sees FY 2018 earnings per share $0.34 to $0.42 .Sees Fiscal year 2018 adjusted operating margin 3.1% to 3.5%.Sees Q3 adjusted earnings per share $0.08 to $0.11; Sees FY adjusted earnings per share $0.52 to $0.60.Q3 earnings per share view $0.12, revenue view $552.2 million -- Thomson Reuters I/B/E/S.In Americas retail, as performance, business environment remains "soft", continue to focus on shrinking footprint, profitability improvements.Sees for FY 2018 consolidated net revenue in U.S. Dollars increase between 6 percent and 7.5 percent.In connection with lease agreements, in Q3 of fiscal 2018, company will make up-front payments of roughly $22 million.
Aug 18 (Reuters) - Foot Locker Inc :Foot Locker Inc reports 2017 second quarter results.Q2 non-GAAP earnings per share $0.62 excluding items.Q2 sales $1.701 billion versus I/B/E/S view $1.8 billion.Q2 earnings per share $0.39.Q2 earnings per share view $0.90 -- Thomson Reuters I/B/E/S.At July 29, 2017, company's merchandise inventories were $1,290 million, 3.7 percent lower than at end of Q2 last year.Excluding effect of foreign currency fluctuations, total sales for Q2 decreased 4.3 percent.Qtrly result included $50 million pre-tax litigation charge related to appeals court decision in lawsuit against co involving conversion of pension plan in 1996.During Q2, company opened 24 new stores, remodeled or relocated 38 stores, and closed 19 stores..Qtrly comparable-store sales decreased 6.0 percent.
Aug 17 (Reuters) - Ross Stores Inc ::Ross Stores reports second quarter earnings, issues second half 2017 guidance.Q2 earnings per share $0.82.Q2 sales $3.432 billion versus I/B/E/S view $3.37 billion.Q2 earnings per share view $0.77 -- Thomson Reuters I/B/E/S.Q2 same store sales rose 4 percent.Ross Stores Inc - for Q3 ending October 28, 2017, we are forecasting a same store sales gain of 1% to 2% on top of a robust 7% increase in prior year.Ross Stores Inc - earnings per share for Q3 projected to be $.64 to $.67.Ross Stores Inc - for Q4 ending February 3, 2018, we are also forecasting same store sales to grow 1% to 2%.Ross Stores Inc - for Q4 ending February 3, 2018 earnings per share expected to be $.88 to $.92.Ross Stores Inc - fiscal 2017 earnings per share for 53 weeks ending February 3, 2018 are now planned to increase 12% to 14% to $3.16 to $3.23.Q3 earnings per share view $0.67 -- Thomson Reuters I/B/E/S.FY 2017 earnings per share view $2.82 -- Thomson Reuters I/B/E/S.
Aug 17 (Reuters) - New York & Company Inc ::New York & Company, Inc. Announces 2017 second quarter results and introduces Q3 guidance.Q2 gaap earnings per share $0.08.Q2 same store sales fell 1.1 percent.Q2 earnings per share $0.05 excluding items.Q2 sales fell 3.7 percent to $224.1 million.New York & Company Inc - total quarter-end inventory decreased 0.9%, as compared to end of last year's Q2.New York & Company Inc - Q3 net sales and comparable store sales are expected to be approximately flat.New York & Company Inc - Q3 gross margin is expected to be up approximately 150 basis points to 200 basis points from prior year's Q3 rate.New York & Company Inc - total inventory at end of Q3 is expected to increase in low to mid-single-digit percentage over prior year Q3.New York & Company Inc - capital expenditures for q3 of fiscal year 2017 are projected to be between $6 million and $8 million.New York & Company - during Q3, expects to open 2 New York & Company stores, refresh 5 New York & Company stores, close 2 New York & Company stores.
Aug 17 (Reuters) - Stage Stores Inc :Stage Stores reports second quarter results, raises guidance, and declares quarterly cash dividend.Q2 loss per share $0.23.Q2 adjusted loss per share $0.15.Q2 sales rose 11.4 percent to $377.1 million.Q2 same store sales fell 3.6 percent.Sees FY 2017 adjusted loss per share $0.90 to $1.35.Stage Stores Inc - Company is raising its guidance for 2017.Stage Stores Inc - Capital expenditures in 2017, net of construction allowances from landlords, are expected to be $40 million.Stage Stores Inc - 2017 guidance assumes comparable sales are in a range of -4% to -7%.