Market Overview

Retail Round-Up: Lululemon, Ross Stores and Perry Ellis Active After Earnings

A number of retail companies released their quarterly earnings results on Thursday prior to the opening bell. All of the stocks are trading higher during the session, despite a market that has been lower throughout the day.

The biggest winner has been small-cap name Perry Ellis (NASDAQ: PERY). The stock was last up better than 6 percent to $18.50. The company reported Q4 net income of $4.39 million or $0.28 per share, compared to $1.78 million or $0.12 per share, in last year's corresponding quarter.

Adjusted net income was $7.70 million or $0.50 per share, versus $5.88 million or $0.38 per share, last year. This beat analysts' consensus EPS estimates of $0.48 by two cents.

Revenue in the quarter was $258.35 million from $229.45 million last year. This came in slightly ahead of consensus revenue estimates of $258.29 million.

Perry Ellis also reiterated its previous guidance for fiscal 2014. The company currently expects adjusted EPS between $1.50 and $1.60, which compares to current consensus of $1.60.

Lululemon Athletica (NASDAQ: LULU) shares were last up around 1.50 percent to $64.84 after the company released its fiscal fourth-quarter earnings results prior to the opening bell.

Lululemon reported net income of $109.4 million or $0.75 per share, from $73.5 million or $0.51 per share, in last year's corresponding period. This beat Wall Street analysts' consensus EPS estimates of $0.74 by a penny.

Revenue in the quarter was up 31 percent to $485.5 million from $371.5 million last year. This also came in ahead of Wall Street analysts' consensus estimates of $482.10 million.

Looking ahead to Q1, the company guided for EPS of $0.28 to $0.30 on revenue of $333 million to $343 million. This compares to current consensus of $0.40 on revenue of $344.99 million for the first-quarter.

For the full-year, Lululemon guided for EPS of $1.95 to $1.99 on revenue of $1.615 billion to $1.640 billion. This compares to analysts' consensus EPS estimates of $2.17 on revenue of $1.67 billion for the fiscal year.

On Thursday, Ross Stores (NASDAQ: ROST) shares were last up better than 3 percent to $57.91. For the fourth-quarter, the company reported net earnings of $236.60 million or $1.07 per share, versus $191.95 million or $0.85 per share, in last year's corresponding quarter. This was in-line with Wall Street earnings per share estimates.

Sales in the period were up 15 percent to $2.76 billion from $2.40 billion in the year ago period. This ccame in slightly better than Wall Street consensus revenue estimates of $2.75 billion.

Posted-In: Earnings Long Ideas News Guidance Short Ideas Small Cap Analysis Retail Sales Intraday Update Best of Benzinga

 

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