Tag Archives: Gross margin

Tuesday Morning CEO Ramps Up Turnaround Efforts

Michael Rouleau

DALLAS-Tuesday Morning narrowed its third-quarter net loss from $12.4 million to $8.4 million, and is set to begin what its CEO, Michael Rouleau, termed the final phase of its turnaround. The retailer’s numbers for the quarter, which ended on March 31, improved thanks to increased sales and more effective cost controls. Net sales rose 2.6More »

Last updated: May 12, 2014

Keurig Q2 Net Rises 22.4 Percent

Keurig Green Mountain

WATERBURY, Vt.-Strong sales and a tight hand on expenses propelled Keurig Green Mountain to a 22.4 percent jump in second-quarter net income, to $162.1 million. Net sales rose 9.8 percent to $1.1 billion in the quarter, which ended on March 29. Selling, general and administrative expenses were flat in dollars and declined by 109 basisMore »

Last updated: May 9, 2014

Newell Rubbermaid Q1 Net Slips 2.4 Percent

Newell Rubbermaid

ATLANTA-Weak sales of home products and higher costs both played a part in reducing Newell Rubbermaid’s first-quarter profit and sales. Net income in the quarter, which ended on March 31, fell 2.4 percent to $52.9 million. Net sales were down 0.7 percent to $1.2 billion. Sales in Newell’s Home Solutions segment were down 5.2 percent,More »

Last updated: May 2, 2014

Mohawk Net Climbs 60.6 Percent in Q1

Mohawk Industries

CALHOUN, Ga.-Bolstered by gains in sales and margins, Mohawk Industries posted a 60.6 percent jump in first-quarter net income, which totaled $81.1 million. Jeffrey Lorberbaum, the company’s chairman and CEO, said the bottom-line performance exceeded Mohawk’s expectations. Lorberbaum attributed this to contributions from tile maker Marazzi and panel-board manufacturer Spano, which Mohawk acquired last year;More »

Last updated: May 2, 2014

Tempur Sealy Q1 Net Up 119.2 Percent

Tempur+Sealy

LEXINGTON, Ky.-With the integration of Sealy into the former Tempur-Pedic still ongoing, Tempur Sealy posted a 119.2 percent gain in net income in its fiscal first quarter, totaling $27.4 million. The company closed the Sealy acquisition in March of last year, and the comparisons between the two quarters include Sealy’s numbers from March 18 throughMore »

Last updated: May 2, 2014

CORRECTION: Libbey Goes from Profit to Loss in Q1

Libbey

TOLEDO, Ohio-With sales slipping and costs rising, Libbey reported a first-quarter net loss of $3.4 million, compared to net income of $2 million in the first quarter of last year. Net sales were down 1 percent to $181.6 million in the quarter, which ended on March 31. Sales in Libbey’s Americas segment were down 1.3More »

Last updated: May 2, 2014

Lifetime Q1 Loss Jumps; Sales Gain 20 Percent

Lifetime Brands

GARDEN CITY, N.Y.-Although sales rose by a robust 20 percent, Lifetime Brands’ first-quarter net loss reached $2.9 million, compared to a net loss of $632,000 in its first quarter of last year. Net sales totaled $118.4 million in the quarter, which ended on March 31, and gross margin gained 63 basis points to finish atMore »

Last updated: May 1, 2014

Stanley Q1 Net Loss Widens

Stanley Furniture

STANLEYTOWN, Va.-With sales dropping and costs on the rise, Stanley Furniture posted a net loss of $4.4 million in its fiscal first quarter, compared to a net loss of $2.1 million in last year’s first quarter. Net sales fell 16 percent to $21.9 million in the quarter, which ended on March 29. Selling, general andMore »

Last updated: May 1, 2014