Tag Archives: Gross margin

Pier 1 Q2 Net Nearly Halved

Pier 1

FORT WORTH, Texas-Second-quarter net income for Pier 1 Imports fell 48.6 percent to $9.2 million, as increased expenses trumped a gain in sales. Selling, general and administrative expenses in the quarter, which ended on Aug. 30, jumped 10 percent in dollars and 120 basis points as a percentage of sales, to 32.2 percent. Gross marginMore »

Last updated: September 18, 2014

Restoration Hardware Moves from Loss to Profit in Q2

Restoration Hardware

CORTE MADERA, Calif.-With revenues climbing and expenses plummeting, Restoration Hardware posted net income of $27.3 million in its second quarter ending on Aug. 2, as opposed to its second-quarter net loss of $17.8 million last year. Net revenues gained 13.5 percent to finish the quarter at $433.8 million. This included an increase of 13 percentMore »

Last updated: September 11, 2014

Hooker Q2 Net Jumps 34.6 Percent

Hooker Furniture

MARTINSVILLE, Va.-Increased profitability from key segments offset a slight dip in overall sales to boost Hooker Furniture to a 34.6 percent gain in second-quarter net income, which totaled $2.3 million. According to Paul B. Toms Jr., Hooker’s chairman and CEO, the company posted profit increases in its casegoods and Sam Moore units, along with anMore »

Last updated: September 10, 2014

Burlington Stores Slims Q2 Loss

Burlington Stores

BURLINGTON, N.J.-Sales gains on both a total and same-store basis helped narrow Burlington Stores’ second-quarter net loss from $25 million last year to $6.5 million this year. Net sales for the quarter, which ended on Aug. 2, rose 8.3 percent to $1 billion, while same-store sales gained 4.7 percent. The latter followed on a same-storeMore »

Last updated: September 9, 2014

Belk Q2 Net Up 0.3 Percent, to Invest in Strategic Initiatives

Belk

CHARLOTTE, N.C.-Belk’s second-quarter net income edged up 0.3 percent as sales for the southern department-store retailer gained marginally. Net sales in the quarter, which ended on Aug. 2, totaled $906.5 million, an increase of 0.8 percent and including a pickup of 0.6 percent in same-store sales. “While the beginning of the quarter was soft, salesMore »

Last updated: August 29, 2014

Williams-Sonoma Net Climbs 3.7 Percent in Q2

Williams-Sonoma

SAN FRANCISCO-With top-line growth fueled by accelerating direct-to-customer revenues, Williams-Sonoma recorded a 3.7 percent gain in second-quarter net income, which totaled $50.7 million. Total revenues in the quarter, which ended on Aug. 3, were up 5.8 percent to $1 billion, with direct-to-customer net revenues increasing by 9.4 percent. Retail net revenue rose 2.4 percent. AmongMore »

Last updated: August 28, 2014

Gordmans Posts $3.2 Million Loss in Q2

Gordmans

OMAHA, Neb.-Rising costs, particularly interest expense, put Gordmans into the red in its fiscal second quarter, to the tune of $3.2 million. Interest expense rose from $117,000 to $1.3 million, because of additional interest associated with a term loan the retailer entered into in August of last year to partially fund the cash dividend GordmansMore »

Last updated: August 28, 2014

Best Buy Q2 Net Drops 45.1 Percent

Best Buy Posts Q1 Loss

MINNEAPOLIS-Declines in both sales and gross margin were key factors as Best Buy’s second-quarter net income fell 45.1 percent to $146 million. Net sales in the quarter, which ended on Aug. 2, were down 4 percent to $8.9 billion, including a 2.7 percent falloff in same-store sales. Gross margin dropped 340 basis points as aMore »

Last updated: August 26, 2014