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  • Stein Mart Q2 profit jumps 48% on same-store sales

    Jacksonville, Fla. -- Stein Mart Inc. reported that its second-quarter net income increased 48%, helped by higher same-store sales. The retailer also announced that the SEC is conducting an investigation related to Stein Mart's restatement of prior years' financial statements and its change in its auditors.

    For the quarter ended Aug. 3, Stein Mart earned $3.4 million up from $2.3 million in the same quarter of 2012.

    Revenue increased 4%, to $291 million from $280.4 million. Same-store sales rose 6.4%.

  • Dollar Tree Q2 profit up 4.6%

    Chesapeake, Va. -- Dollar Tree Inc. reported that its fiscal second-quarter earnings rose 4.6% to $124.7 million on higher customer traffic and average ticket prices. The company raised the lower end of its sales and earnings forecasts for fiscal 2013
       

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  • Buckle Q2 income up 8%

    Kearney, Neb. -- The Buckle’s net income rose 8% in the second quarter on improved sales. The apparel retailer earned $25.1 million for the three months ended Aug. 3, compared to $23.2 million a year ago.

    Revenue grew 8%, to $232.5 million from $215.5 million. Online sales rose 5.3%. Same-store increased 3.2%, short of analysts expectations.
     

     

  • Stage Stores Q2 profit drops 18%

    Houston -- Stage Stores Inc.'s second-quarter net income dropped 18% and the department store operator lowered its expectations for the year.

    The retailer earned $9.6 million in the quarter that ended Aug. 3, compared to $11.7 million last year.

    Revenue rose more than 3% to $395.3 million, missing Wall Street expectations.

     

  • Dollar Tree continues growth initiative following Q2 results

    Dollar Tree customers are responding to the value retailer’s offerings in discretionary and consumable merchandise categories. As a result, its consolidated net sales for the second quarter ended Aug. 3 were $1.85 billion, up 8.8% from $1.7 billion for the prior-year quarter.

    Comparable-store sales increased 3.7%, on top of a 4.5% increase for the second quarter 2012.

  • Ross Stores has better-than-expected Q2

    PLEASANTON, Calif. — Ross Stores credited strong sales and merchandise gross margin for its better-than-expected results for the second quarter ended Aug. 3.

    The company reported earnings per share of $.98, up from $.81 for the prior-year quarter — a 21% increase on top of a 27% gain in last year's second quarter. Net earnings for the 2013 second quarter grew to $213.1 million, up 17% from $182 million in the prior year.  

  • Staples Q2 net drops 15%; lowers forecast

    Framingham, Mass. -- Staples said Wednesday that its second quarter net income dropped 15% amid store closings, declining traffic and lower sales of computers, ink and toner. The retailer also cut its full-year earnings and revenue forecasts, citing the weaker-than-expected results.

    Staples earned $102.5 million for the period ended Aug. 3, compared to $120.4 million last year.

  • Lowe's Q2 income rises

    Mooresville, N.C. -- Lowe’s second-quarter net income rose 26%, boosted by strong demand for its product.

    For the period ended Aug. 2, Lowe’s earned $941 million, up from $747 million a year ago.

    “Home improvement demand was strong during the quarter,” said Lowe’s CEO Robert Niblock. “We drove a healthy balance of ticket and transaction growth, and delivered solid performance across all product categories.”

  • Citi Trends narrows loss; tops estimates

    Savannah, Ga. -- Citi Trends Inc. lost $5.5 million for the period ended Aug. 3, compared to a loss of $7.9 million in the same quarter a year earlier.
     
    Revenue rose 4%, to $137.8 million from $132.3 million, nearly matching Wall Street’s prediction of $138.1 million. Same-store sales were up 1.7%.

     

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