Home Wealth  Money Retail Earnings Abound Ahead of Holiday Shopping Kick-Off

Retail Earnings Abound Ahead of Holiday Shopping Kick-Off

Posted: Nov. 18th, 2011  |  By Forbes

powered by Forbes

RSS Syndicated News Email a Friend Suggest an Article Share Visit Website

Just about a week to go until Black Friday marks the beginning of the holiday shopping rush, and several retailers are reporting earnings today.

Sears Holdings (nasdaq: SHLD - news - people ) posted a wider loss for its fiscal third quarter, or $421 million, or $3.95 per share, compared to a loss of $218 million, or $1.98 per share, last year.

The parent to Sears as well as Kmart stores said its adjusted loss totaled $2.57 per share, worse than analysts expected.

Revenue fell by about 1%, to $9.57 billion, also missing analyst expectations.

Also today, Williams-Sonoma (nyse: WSM - news - people ) reported third quarter earnings per share of $0.41, compared to $0.34 per shares last year.

Net sales rose 6.3%, to $867 million, on 7.3% growth in same-store sales across all of the company's brands, include its namesake stores, Pottery Barn, and West Elm.

Results were ahead of analyst estimates.

Williams-Sonoma is looking for adjusted earnings of $2.21 to $2.26 per share in the fourth quarter, largely ahead of analyst estimates.

And, Dollar Tree posted third quarter earnings of $104.5 million, or $0.87 per share, compared to $93.2 million, or $0.73 per share, last year.

Revenue rose 11.9%, to $1.6 billion, on same-store sales growth of 4.8%.

Results came in ahead of analyst estimates.

Dollar Tree hiked its full-year forecast to earnings of $3.94 to $4.01 per share.

Apparel retailer Gap (nyse: GPS - news - people ) reports earnings later today.

Market News Video produces and distributes online videos about stocks and investing.




Share on Facebook Share
See Next Article
Need to Get Away?
Top 10 Business Hotels
Who says you canít mix business with pleasure?
Read More
More Articles from Forbes.com

advertisement
Quick Links
Autos
Boating
Real Estate
Luxury Travel
Fashion
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
advertisement
Current News & Features
Meritorious Blue Microphones
A Pot that Knows How to Water Plants Better than You Do
Tech and Gadgets Gift Guide: Fatherís Day 2017
Classic Kids Toys with Chic Minimalistic Design
The Future of Tea
The Michelin Stars Have Aligned in Hong Kong at The Four Seasons
Cook Like a Pro with this At-Home Bluetooth Sous Vide Precision Cooker
The Leopard at des Artistes Digs Deep Into Italy's Culinary Heritage
Four Under 40: The New Generation of Las Vegas Celebrity Chefs
Bring Napa Home with this Private In-Home Wine Tasting Experience
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE