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Stock Market & Financial Investment News

News Breaks
August 22, 2014
13:12 EDTASNA, NWY, ANN, CACHAnn Inc. slides after Q2 SSS decline
Shares of women's specialty retailer Ann Inc. (ANN) are sliding after the company said that it experienced softer traffic levels along with sales and margin pressure in the second half of the second quarter. WHAT'S NEW: Ann's Q2 earnings per share was 70c, which is a bit higher than analysts' consensus of 68c. The company's Q2 revenue was $648.7M, which nearly matched analysts' consensus of $648.09M. The clothing retailer cited softer traffic levels and a highly promotional environment pressured sales and margin as the reason for its loss during the second half of the quarter. In addition, LOFT experienced continued softness in basic knit tops, which represented a significant component of its summer assortment. Q2 same-store-sales were down 2.3%. Ann sees Q3 revenue to be $670M, which is a bit lower than analysts' consensus of $673.31M and sees Q3 comparable sales to be flat to slightly negative. The company expects it FY14 revenue to be $2.56B, which matches analysts' $2.56B consensus and anticipates flat comparable sales in FY14. WHAT'S NOTABLE: During the company's conference call, Ann said that Q3 inventories are "conservatively positioned" as it enters the fall season. Ann said that despite the "challenging" retail environment, the retailer noted that it is focused on optimizing full-price sell-through to drive positive comp and increase productivity. Overall, the company believes that it is better positioned to optimize brand growth. PRICE ACTION: During afternoon trading, shares of Ann Inc. fell $1.19, or 3.07%, to $37.62. OTHERS TO WATCH: Ascena Retail (ASNA) is up fractionally, Cache (CACH) is down 1.52%, and New York & Company (NWY) is up 1.84%.
News For ANN;ASNA;CACH;NWY From The Last 14 Days
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March 27, 2015
05:52 EDTANNAmerican Eagle downgraded to Sell from Neutral at Goldman
Goldman Sachs downgraded American Eagle (AEO) to Sell saying it sees 29% downside risk over the next six months. Goldman believes declining mall traffic and "aggressive competition" from low cost stores puts the retailer in a multi-year period of diminishing productivity, margins, and returns. Its six-month price target for American Eagle is $12. Shares of the retailer closed yesterday up 17c to $16.92. Goldman lists Ann Inc. (ANN), Abercrombie & Fitch (ANF) and American Eagle as its top sell ideas in the Specialty Apparel space. Its lone Buy rated name in the group is Urban Outfitters (URBN).
March 19, 2015
18:58 EDTNWYOn The Fly: After Hours Movers
UP AFTER EARNINGS: Mattress Firm (MFRM), up 5.2%... New York & Company (NWY), up 3.1%... Rally Software (RALY), up 1.4%... Nike (NKE), up 4.2%... Youku Tudou (YOKU), up 1%. ALSO HIGHER: Prothena (PRTA), up 39.3% after reporting positive results from Phase 1 study of PRX002... SeaWorld (SEAS), up 1% after naming Joel Manby as president and CEO. DOWN AFTER EARNINGS: AK Steel (AKS), down 9.1%.
16:11 EDTNWYNew York & Co. sees FY15 CapEx $28M-$304M
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16:11 EDTNWYNew York & Co. sees Q1 CapEx $11M-$14M
16:10 EDTNWYNew York & Co. sees Q1 adjusted EPS "approximately breakeven", consensus 2c
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16:09 EDTNWYNew York & Co. reports Q4 adjusted EPS (1c), consensus 0c
Reports Q4 revenue $267.4M, consensus $267.04M. Reports Q4 SSS down 0.9%.
March 17, 2015
08:33 EDTNWYNew York & Co. guidance may miss expectations, says Janney Capital
Janney Capital said it expects New York & Co. to report in-line Q4 results and sees the potential for its guidance to come in below consensus expectations, given the negative impacts of weather and the West Coast port slowdown. The firm maintains its Neutral rating on the stock. New York & Co. is scheduled to report results and hold its earnings call after the market close on March 19.
March 13, 2015
09:35 EDTANNAnn Inc. sees impact of $4M in Q1, Q2 from West Coast port slowdown
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09:25 EDTANNOn The Fly: Pre-market Movers
UP AFTER EARNINGS: FXCM (FXCM), up 15.8%... El Pollo LoCo (LOCO), up 9.9%... Ulta Salon (ULTA), up 7.1%... Hibbett Sports (HIBB), up 5.1%... Ann Inc (ANN), up 5.5%... Spectrum Pharmaceuticals (SPPI), up 2.9%. ALSO HIGHER: Herbalife (HLF), up 5.1% following a Wall Street Journal report that federal prosecutors are investigating potential stock manipulation... Mobileye (MBLY), up 4.7% after being upgraded at Goldman... NXP Semiconductors (NXPI), up 1.7% after being initiated with a Strong Buy at Needham. DOWN AFTER EARNINGS: Aeropostale (ARO), down 13.2%... CTI BioPharma (CTIC), down 7.7%... Civeo (CVEO), down 3.4%. ALSO LOWER: Galena Biopharma (GALE), down 10.4% after announcing public offering of common stock and warrants... Whiting Petroleum (WLL), down 7.6% following a report from Reuters that explains that the company looks to sell certain assets instead of the whole company... Continental Building (CBPX), down 7.5% after 5M share Spot Secondary priced at $19.70.
09:21 EDTANNAnn Inc. expects external challenges of 2H14 will continue to impact 1H15
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09:19 EDTANNAnn Inc. says identifying opportunities to reduce costs, increase efficiencies
Says inventory plan for 2015 is "conservative." Says "fully committed" to restoring positive growth and momentum over the course of 2015. Says "headed down the right path" in 2015. Says Loft "well positioned" for spring season. Says evaluating all aspects of supply chain. Says identifying additional opportunities to further increase efficiencies, reduce costs. Says "excited" about growth potential for Lou & Grey. Says working on standalone Lou & Grey ecommerce site. Sees opportunities for thoughtful investments in growth of fleet in 2015, but says mindful of evolving retail environment. Says store opening plans for 2015 focused on low cost, high return markets. Expects to open approx. 40 stores in 2015, including 10 new Factory stores, 10 Loft full price stores, 15 Loft outlet stores; plans to close approx. 35 stores in FY15. Comments made on the Q4 earnings conference call. Ann Inc is up 5.53% in pre-market trading.
07:49 EDTANNAnn Inc. sees FY15 revenue $2.57B, consensus $2.60B
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07:48 EDTANNAnn Inc. sees Q1 revenue $605M, consensus $605.14M
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07:47 EDTANNAnn Inc. reports Q4 total comparable sales up 1%
At Ann Taylor, total brand comparable sales declined 0.4%, reflecting flat comparable sales at Ann Taylor, which includes Ann Taylor stores and anntaylor.com, and a decline of 1.5% in the Ann Taylor Factory channel. At LOFT, total brand comparable sales increased 1.9%, reflecting an increase of 1.0% at LOFT, which includes LOFT stores and LOFT.com, and an increase of 6.6% in the LOFT Outlet channel.
07:47 EDTANNAnn Inc. reports Q4 EPS 12c, consensus (3c)
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