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Business Analytics

  • Dick's Sporting Goods Q3 profit jumps 21%

    Pittsburgh -- Dick's Sporting Goods reported Tuesday that net income for the quarter ended Oct. 27 surged 21% to $50.1 million, compared with $41.5 million in the same period last year. The retailer cited strong online sales for the improved performance.

    Revenue rose 11% to $1.31 billion, just edging Wall Street’s expected $1.3 billion, and same-store sales rose 5.1%. Online sales soared 46.7% in the quarter, comprised of a 3.9% jump at namesake stores and a 2.3% increase at Golf Galaxy.
     

  • Dick's Sporting Goods profit jumps 21% in Q3

    Pittsburgh -- Dick's Sporting Goods reported Tuesday that net income for the quarter ended Oct. 27 surged 21% to $50.1 million, compared with $41.5 million in the same period last year. The retailer cited strong online sales for the improved performance.

    Revenue rose 11% to $1.31 billion, just edging Wall Street’s expected $1.3 billion, and same-store sales rose 5.1%. Online sales soared 46.7%

     

  • Saks reports double-digit Q3 profit growth, beats Street

    New York -- Saks Inc. reported Tuesday that net income for the third quarter climbed 27.2% to $22.6 million, compared with $17.8 million in the same period last year. Results surpassed analysts’ expectations.
     
    Revenue edged up 3% to $713.2 million, widely missing Wall Street’s expected $762.6 million in revenue. Same-store sales rose 3.3%.

  • Sears Canada narrows loss in Q3

    Toronto -- Sears Canada Inc. reported Tuesday a loss of $21.85 million, compared with a loss of $44 million in the same period last year.

    Revenue dropped 6.8% to $1.04 billion, and same-store sales slid 5.7%.

     

  • Saks reports Q3 profit growth

    New York -- Saks Inc. reported Tuesday that net income for the third quarter climbed 27.2% to $22.6 million, compared with $17.8 million in the same period last year. Results surpassed analysts’ expectations.
     
    Revenue edged up 3% to $713.2 million, widely missing Wall Street’s expected $762.6 million in revenue. Same-store sales rose 3.3%.

  • TJX Q3 profit rises, forecasts falls short

    Framingham, Mass. -- TJX Cos. reported Tuesday that net income for the quarter ended Oct. 27 rose to $461.5 million, from $406.5 million last year.

    Sales rose 10.7% to $6.41 billion; same-store sales climbed 7%.

    The parent to T.J. Maxx and Marshalls said it expects same-store sales during the holiday quarter to be flat to up 2%.

     

  • Applebee’s reduce lighting-related energy use by 88% with LEDs

    Satellite Beach, Fla. -- Lighting Science Group Corp. has collaborated with Applebee’s Neighborhood Grill & Bar to monitor, evaluate and markedly reduce energy usage for lighting in Applebee’s 23 company-owned restaurants. Through the installation of ultra-efficient and design-enhancing LED lamps, Applebee’s should net an energy reduction for lighting of 88% per year.

  • Stein Mart to restate prior period financial results

    Jacksonville, Fla. -- Stein Mart Inc. announced Friday that it will restate its financial statements for fiscal years 2009, 2010 and 2011, its quarterly data for the first quarter of 2012 and for all quarters in 2010 and 2011, as well as its selected financial data for the relevant periods due to merchandising accounting errors.

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