Earnings Results, Performance Updates, and New Promotions - Research Report on Bed Bath & Beyond, JCPenney, Sears, Pier 1 Imports, and Lumber Liquidators
NEW YORK, January 14, 2014 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting Bed Bath & Beyond Inc. (NASDAQ: BBBY), J. C. Penney Company, Inc. (NYSE: JCP), Sears Holdings Corporation (NASDAQ: SHLD), Pier 1 Imports, Inc. (NYSE: PIR), and Lumber Liquidators Holdings, Inc. (NYSE: LL). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Bed Bath & Beyond Inc. Research Report
On January 8, 2014, Bed Bath & Beyond Inc. (Bed Bath & Beyond) reported its financial results for Q3 FY 2013 (period ended November 30, 2013). Net sales of the Company increased 6.0% YoY to $2.9 billion. Net earnings for the quarter were $237.2 million or $1.12 per diluted share, compared to net earnings of $232.8 million or $1.03 per diluted share in Q3 FY 2012. The Company stated that it is now modeling net earnings per diluted share to be approximately $1.60 to $1.67 for the Q4 FY 2013 as compared to its previous model of $1.70 to $1.77, and approximately $4.79 to $4.86 for the full year FY 2013 as compared to the previous model of $4.88 to $5.01. The Full Research Report on Bed Bath & Beyond Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
J. C. Penney Company, Inc. Research Report
On January 8, 2014, J. C. Penney Company, Inc. (JCPenney) reported that the Company is pleased with its performance for the holiday period that showed continued progress in its turnaround efforts. According to the Company, its offerings received good response from customers, both in store and online, during this holiday shopping season. JCPenney added that it is reaffirming its outlook for Q4 2013, as previously outlined in its Q3 2013 earnings release dated November 20, 2013. The Full Research Report on J. C. Penney Company, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Sears Holdings Corporation Research Report
On January 9, 2014, Sears Holdings Corporation (Sears) reported an update on its quarter-to-date performance and financial position. Sears stated that total domestic comparable store sales for the quarter-to-date period declined 7.4%, comprising of decreases of 5.7% at Kmart and 9.2% at Sears Domestic. The Company added that for Q4 FY 2013 (period ending February 1, 2014), it expects consolidated adjusted EBITDA between $(65) million and $65 million, and expects reported net loss attributable to Holdings' shareholders between $250 million and $360 million, or between $2.35 and $3.39 loss per diluted share. Sears stated that for full year FY 2013, consolidated adjusted EBITDA is expected to be between $(284) million and $(414) million, and reported net loss attributable to Holdings' shareholders is expected to be between $1.3 billion and $1.4 billion, or between $11.85 and $12.88 loss per diluted share. The Company informed that it intends to release financial results for its Q4 FY 2013 and full year FY 2013 around February 27, 2014, before the market opens and hold an analyst and investor conference call on that date. The Full Research Report on Sears Holdings Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Pier 1 Imports, Inc. Research Report
On January 9, 2014, Pier 1 Imports, Inc. (Pier 1 Imports) reported that comparable store sales for the five-week period ended January 4, 2014 increased 1.3%, compared to the five-week period ended January 5, 2013. The Company also provided financial guidance for the Q4 FY 2014 on a comparable 13-week basis. Pier 1 Imports stated that for the quarter, it expects total sales growth to be in the low- to mid-single digit range, comparable store sales to be approximately flat, and EPS to be in the range of $0.47 to $0.52. The Company further stated that it will announce Q4 FY 2014 and full year FY 2014 results (period ending March 1, 2014) on April 10, 2014 and will host a conference call on the same day to discuss the results. The Full Research Report on Pier 1 Imports, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Lumber Liquidators Holdings, Inc. Research Report
On January 9, 2014, Lumber Liquidators Holdings, Inc. (Lumber Liquidators) announced that James Davis and Charles Schwartz have been promoted to the positions of Senior Vice President of Sales, and Chief Information Officer and Senior Vice President of Business Development, respectively. The Company stated that as part of the new role, Mr. Davis will supervise the performance of retail store operations, along with the further development of commercial sales. Lumber Liquidators further added that Mr. Schwartz will continue to lead all technology functions and direct the implementation of certain of the Company's key strategic initiatives. The Company informed that both executives will continue to report directly to Robert Lynch, President and CEO. The Full Research Report on Lumber Liquidators Holdings, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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