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 can’t 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
Rolls-Royce Put a Japanese Tea Garden in $1M Bespoke Phantom
Harman Kardon Partners With HTC for Pint-Sized H/K One Wireless Speaker
Crazy Crashes Drivers Have Walked (and Swam) Away From at the Monaco Grand Prix
The Don Stott Collection: A 50 Year Love Affair With Burgundy Wines
Started From The Bottom...Now We’re Here (At Sotheby’s in NYC)
Celebrating 10 Talented Women in Wine: Melissa Burr From Stoller Family Estate
Rolls-Royce Debuts $362K "Inspired by Fashion" Wraith, Models Not Included
Pilatus' New PC-24 Super Versatile Jet Gets a Round of Applause After Maiden Voyage in Switzerland
A Crimp Lamp So Cool Even Your Dad Will Like It
Toast Marriage Equality With Iron Horse's Limited-Edition 2010 Vintage Rainbow Cuvée
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE