NEW YORK, December 11, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Express, Inc. (NYSE: EXPR), DSW Inc. (NYSE: DSW), Genesco Inc. (NYSE: GCO), Guess?, Inc. (NYSE: GES), and Pacific Sunwear of California, Inc. (NASDAQ: PSUN). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Express, Inc. Research Report
On December 4, 2013, Express, Inc. (Express) reported its Q3 FY 2013 financial results (period ended November 2, 2013). In Q3 FY 2013, the Company's net sales increased 7.4% YoY to $503 million. Q3 FY 2013 net income was $19.3 million, or $0.23 per diluted share, compared to net income of $17.4 million, or $0.20 per diluted share in Q3 FY 2012. Michael Weiss, Chairman and CEO of Express commented, "We delivered a solid third quarter, in line with our guidance and highlighted by a 5% increase in comparable sales and 15% EPS growth. These results were achieved against the backdrop of an extremely challenging and promotional retail environment. Our carefully edited assortment, spanning our four end uses, constituted a differentiated and compelling offering that resonated with our customers." The Company updated its guidance for full-year FY 2013, and expects diluted EPS in the range of $1.46 to $1.51. The Full Research Report on Express, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
DSW Inc. Research Report
On December 4, 2013, DSW Inc. (DSW) announced the opening of a new store in Bronx, New York. The Company informed that the new store is located at 2134 Bartow Avenue, Bronx, New York 10475. The Full Research Report on DSW Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Genesco Inc. Research Report
On December 6, 2013, Genesco Inc. (Genesco) reported its Q3 FY 2014 financial results (period ended November 2, 2013). In Q3 FY 2014, the Company's net sales were $666.3 million, up 0.3% YoY. Q3 FY 2014 net earnings from continuing operations were $27.8 million, or $1.18 per diluted share, compared to $42.2 million, or $1.76 per diluted share, in Q3 FY 2013. Robert J. Dennis, Chairman, President, and CEO of Genesco stated, "As we expected, easier comparisons in our U.S.-based retail businesses as the third quarter progressed allowed for a modest improvement in consolidated comparable sales relative to recent quarters and overall results in line with our expectations. Comparable sales for the fourth quarter to date through Tuesday, December 3, were flat. Because the retail environment remains somewhat choppy and the calendar shifts make meaningful comparisons difficult, we are adopting a slightly more cautious outlook for the balance of the year." He concluded, "We recently updated our 5-year plan and now expect annual sales to hit $3.9 billion and operating margins to be approximately 9% to 9.5% by Fiscal 2018." The Full Research Report on Genesco Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Guess?, Inc. Research Report
On December 4, 2013, Guess?, Inc. (Guess) reported its Q3 FY 2014 financial results (period ended November 2, 2013). In Q3 FY 2014, the Company's net revenue totaled $613.5 million, down 2.4% YoY. Net earnings attributable to the Company for the quarter were $34.0 million, or $0.40 per diluted share, compared to $36.6 million, or $0.43 per diluted share in Q3 FY 2013. Paul Marciano, CEO of Guess commented, "We are pleased to report better than expected third quarter earnings. We delivered revenues within the range of our expectations and through our continued focus on cost control have been able to deliver profitability at the high end of our expectations. We are also encouraged by our efforts to efficiently manage our working capital, especially inventory where the trend keeps on improving quarter-over-quarter as we worked through more of our excess inventory and tightly managed our buys." For full-year FY 2014, the Company expects net revenues to range from $2.55 billion to $2.57 billion. The Full Research Report on Guess?, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Pacific Sunwear of California, Inc. Research Report
On December 5, 2013, Pacific Sunwear of California, Inc. (Pacific Sunwear) reported its Q3 FY 2013 financial results (period ended November 2, 2013). In Q3 FY 2013, the Company's net sales were $206.6 million, down 4.1% YoY. Q3 FY 2013 net income was $17.2 million, or $0.23 per diluted share, compared to $0.9 million or $0.01 per diluted share, in Q3 FY 2012. Commenting on the results, Gary H. Schoenfeld, President and CEO of Pacific Sunwear stated, "The third quarter marks our seventh consecutive quarter of positive comparable store sales and had there not been the 53rd week calendar shift, our non-GAAP loss per diluted share would have been break-even compared to the $0.02 loss last year. Overall, we believe our results continue to validate the unique positioning we are establishing for PacSun as we strive to become the leading specialty retailer for great brands and on-trend fashion and fashion basics." The Company stated that for Q4 FY 2013, it contemplates a non-GAAP loss per diluted share from continuing operations to range from $0.17 and $0.12 (including the impact of the 53rd week retail calendar shift). The Full Research Report on Pacific Sunwear of California, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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