Seasonal

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%.

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 net income rose a better-than-expected 3% to $83.6 million in its first quarter, up from the prior year’s $81.5 million, boosted by sales improvement across all its regions, particularly Asia. Global same-store sales rose 8% during the quarter.

The earnings bump came on a 9% worldwide net sales increase to $895 million. In the Americas region, total sales rose 6% to $408 million. Same-store sales rose 3% with relatively stronger growth in the New York flagship store.

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.

BIRMINGHAM, Ala. — Cold weather affected Hibbett Sports' first quarter results for the period ended May 4, but the sporting goods retailer still saw net sales of $240 million, a 3% increase from $233 million for the 13-week period ended April 28, 2012.

Comparable store sales increased 0.8% for the quarter.

For the quarter, Hibbett opened nine new stores, expanded five high performing stores and closed three underperforming stores, bringing the store base to 879 in 29 states.

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.

Normal 0 false false false MicrosoftInternetExplorer4

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.