Seasonal

Birmingham, Ala. – Hibbett sports reported a slight dip in net income during first quarter fiscal 2013, although same-store sales and net sales showed some improvement. Net income for the quarter totaled $26.2 million, down slightly from $26.4 million a year earlier. Same-store sales slightly rose 0.8%, while net sales increased 3% from $232.9 million to $240 million. Net income fell short of Wall Street estimates.

NEW YORK — Tiffany & Co.’s 175th anniversary and its Great Gatsby movie tie-in collection drove the jeweler’s better-than-expected financial results for the first quarter ended April 30, which included Valentine’s Day. 

The jeweler had worldwide net sales of $895 million, an increase of 9% from $819,170 for the same period last year. On a constant exchange rate basis that excludes the effect of translating foreign currency denominated sales into U.S. dollars, worldwide net sales increased 13% and comparable store sales rose 8%.

BATTLE CREEK — Kellogg is committing more than 640,000 servings of food to support disaster relief efforts following the devastating tornado in Moore, Okla.

The company has already dispatched four semi-trailers of Kellogg's cereals and Keebler snacks to Moore, with more planned. Feeding America is working with food banks in its network, and other relief agencies, to provide the food to families and individuals impacted by the tornado, as well as relief workers assisting the community.

WTI expects that retail June 2013 will be similar in temperature to last year for the U.S. as a whole. Warmer temperature trends on the East and West Coasts will offset cooler year-over-year trends in the nation’s mid-section. Warmer year-over-year trends will be prominent during the first half of the retail month, with colder year-over-year trends during the latter part of the month. The weather will be unsettled weather in the Plains with cooler days and increased risks for rain and severe weather compared to last year.

Chesapeake, Va. – Dollar Tree reported record net sales for first quarter 2013, with consolidated net sales of $1.87 billion, an 8% increase from $1.72 billion during the same quarter of the prior year. Net income totaled $133.5 million, and same store sales grew 2.1%, on top of a 5.6% increase recorded during first quarter 2012. Dollar Tree estimates full fiscal year net sales will range from $7.81 billion to $7.97 billion.

Dollar Tree president and CEO Bob Sasser said he is pleased with the first quarter results.

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Charlotte, N.C. – Specialty women’s apparel and accessories retailer Cato Corp. reported declining sales and net income during first quarter 2013. Sales dropped 2% from $272.8 million to $267.2 million, while net income fell 3% from $31.7 million to $30.8 million. Same-store sales also declined compared to the same quarter a year earlier, by 5%.

CHESAPEAKE, Va. — Dollar Tree achieved the highest first-quarter operating margin in its history in the first quarter ended May 4.

Consolidated net sales for the first quarter ended May 4 were $1.9 billion, an 8% increase from $1.7 billion for the quarter ended April 28 last year. The value retailer saw a comparable store sales increase of 2% on top of a 6% increase for the first quarter last year.

YORK, Pa. — Inclement weather was not enough to hold back Bon-Ton’s first quarter results for the period ended May 4. 

The company saw same-store sales increase 1.2% compared with the first quarter of the year prior. Total sales for the quarter were $647 million, a 1% increase from $641 million for the first quarter last year.

Ace Hardware reported first-quarter revenues of $923.2 million, up 1.7% from the same quarter in 2012. Net income of $4.4 million was down from $10.2 million earned in 2012.