Tag Archives: Net sales

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

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

Sears Hometown & Outlet Q2 Net Falls 52.3 Percent

SearsHometownAndOutlet

HOFFMAN ESTATES, Ill.-Declining sales and rising expenses slashed Sears Hometown & Outlet Stores’ net income by 52.3 percent, to $3.4 million, in its second quarter ending on Aug. 2. Net sales were down 2.8 percent to $638.7 million, which included a drop of 6.3 percent in same-store sales. Bruce Johnson, the retailer’s president and CEO,More »

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

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

Tuesday Morning Cuts Losses for Q4, FY

TuesdayMorning_2014

DALLAS-Thanks to increased sales and margins, along with lower expenses, Tuesday Morning was able to drain some of the red ink from its bottom line for both the fourth quarter and the fiscal year ending on June 30. The fourth-quarter net loss totaled $7.4 million, compared to last year’s net loss of $15.6 million inMore »

Last updated: August 22, 2014