JustLuxe Luxury Hotels shop LivingLuxe

Luxury Guide

Join Now | Sign In
JustLuxe | Affluent Lifestyle Guide
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
Write a Story/Review about this topic

Post a Comment

 
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
Prince Harry to Play Charity Polo Match vs. Nacho Figueras in Greenwich
Pershing Yachts Launches Line of Leather Luggage with Poltrona Frau
Jet Art Group Makes Masterpiece Using $10 Million Learjet Engine "Paintbrush"
Upgrades and Perks to Expect From New American Airlines Merger
Porsche Introduces the New 911 Turbo
Zuri Bamboo Bikes are Cool, Sustainable and Create Jobs in Africa
Karl Lagerfeld's Futuristic Apartment is Minimal and Cold
7 Décor Essentials for a Great Gatsby Inspired Living Room
An Interview with Grammy Award Winning Musician Omar Akram
Diageo Bets Big with Scotch Distillery Expansions
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE