Retail Companies Announce Second Quarter Financial Results - Research Report on Gap, L Brands, Ross Stores, American Eagle, and Sears Holdings
NEW YORK, August 28, 2013 /PRNewswire/ --
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Today, Investors' Reports announced new research reports highlighting Gap Inc. (NYSE: GPS), L Brands, Inc. (NYSE: LTD), Ross Stores Inc. (NASDAQ: ROST), American Eagle Outfitters, Inc. (NYSE: AEO), and Sears Holdings Corporation (NASDAQ: SHLD). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Gap Inc. Research Report
On August 22, 2013, Gap, Inc. (Gap) released its Q2 FY 2013 (period ended August 3, 2013) financial results. Revenue grew 8.2% YoY to $3.9 billion during the quarter. The Company's net earnings grew 24.7% YoY to $303 million in Q2 FY 2013, while reported diluted EPS increased 30.6% YoY to $0.64. Commenting on the results, Glenn Murphy, Chairman and CEO of Gap, stated, "We delivered strength in both our top and bottom lines this quarter." Glenn added, "As we move into the second half of the year, we remain focused on growing revenue and driving continued momentum across our portfolio of brands." The Company has raised its full-year FY 2013 diluted EPS estimate to $2.57 to $2.65 from the previous guidance of $2.52 to $2.60. The Full Research Report on Gap Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-22/GPS]
L Brands Inc. Research Report
On August 21, 2013, L Brands, Inc. (L Brands) released its Q2 FY 2013 (period ended August 3, 2013) unaudited financial results. Net sales were $2.5 billion, up 4.9% YoY. L Brands' net income totaled $178.9 million in Q2 FY 2013 compared to $143.6 million in Q2 FY 2012. Adjusted EPS grew 22% YoY to $0.61 in Q2 FY 2013. The Company anticipates Q3 FY 2013 EPS to be in the range of $0.23 to $0.28 and full-year FY 2013 EPS in the range of $3.06 to $3.21. The Full Research Report on L Brands Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-22/LTD]
Ross Stores Inc. Research Report
On August 22, 2013, Ross Stores, Inc. (Ross Stores) reported its Q2 FY 2013 (period ended August 3, 2013) financial results. The Company posted net sales of $2.6 billion, up 9% YoY, while net earnings totaled $213.1 million, up 17.1% YoY, in Q2 FY 2013. Reported EPS grew 21% YoY to $0.98. Michael Balmuth, Vice Chairman and CEO of Ross Stores, commented, "We are pleased with our better-than-expected results for the second quarter and first six months of 2013, which were mainly driven by above-plan sales and merchandise gross margin. Our performance for both the quarter and year-to-date periods continues to benefit from the solid execution of our core off-price strategy of delivering compelling name brand bargains to today's value-focused consumers." For full-year FY 2013, the Company has updated projection and now expects an EPS growth in the range of 11% to 13% YoY. The Full Research Report on Ross Stores Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-22/ROST]
American Eagle Outfitters, Inc. Research Report
On August 21, 2013, American Eagle Outfitters, Inc. (American Eagle) reported its Q2 FY 2013 financial results (period ended August 3, 2013). The Company reported non-GAAP net revenue decrease of 1.7% YoY to $727.3 million during the quarter. Diluted EPS from continuing operations stood at $0.10 in Q2 FY 2013, compared to $0.21 in Q2 FY 2012. Commenting on the results, Robert Hanson, CEO of the Company, stated, "Our second quarter results reflected disappointing product execution in women's. Additionally, we faced a highly promotional and competitive retail landscape and a decline in traffic, which have continued into the third quarter. We are working hard to strengthen our assortments, marketing efforts and overall execution, while maintaining tight inventories and disciplined expense management." The Company stated that it anticipates its Q3 FY 2013 EPS to be in the range of $0.14 to $0.16 per diluted share. The Full Research Report on American Eagle Outfitters, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-22/AEO]
Sears Holdings Corporation Research Report
On August 22, 2013, Sears Holdings Corp. (Sears) reported its Q2 FY 2013 (period ended August 3, 2013) financial results. The Company posted revenue of $8.9 billion, down 6.3% YoY primarily due to the effect of having fewer Kmart and Sears Full-line stores in operation. The Company reported net loss attributable to Sears' shareholders of $194 million, or $1.83 loss per diluted share, in Q2 FY 2013, compared to $132 million, or $1.25 loss per diluted share, in Q2 FY 2012. Eddie Lampert, Sears' Chairman and CEO, said, "We made meaningful progress this quarter in our transformation to a member-centric company. Shop Your Way members represented over 65% of our sales and they redeemed rewards points at a significantly higher rate than last year. At the same time, we recognize how important it is to improve the profitability of our company and I am disappointed that we did not deliver a better result."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: [http://www.investorsreports.com/report/2013-08-22/SHLD]
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