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March 19, 2013
07:48 EDTNWYNew York & Co. should be bought ahead of earnings, says Brean Capital
Brean Capital would be aggressive buyers of New York & Co. ahead of Q4 earnings results on Thursday. The firm noted the its already raised guidance and believes Q1 comps will be the easiest in its fiscal year. Brean Murray expects New York & Co to register top and bottom line expansion going forward. Shares are Buy rated with a $6.00 price target.
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August 22, 2014
13:12 EDTNWYAnn 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%.
August 21, 2014
16:19 EDTNWYNew York & Co. expects to open 5 new outlet stores in Q3
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16:17 EDTNWYNew York & Co. sees Q3 net sales up slightly versus last year
The company sees Q3 SSS, gross margin slightly up. Operating loss is expected to be approximately flat to the year-ago period.
16:14 EDTNWYNew York & Co. reports Q2 EPS 0c, consensus 0c
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16:12 EDTNWYNew York & Co. launches search for new COO after Laura Weil resigns
New York & Company announced that it has initiated a search for a new COO and that Laura Weil, Executive Vice President, COO since June of 2012, has resigned her position with the company effective immediately.
15:15 EDTNWYNotable companies reporting after market close
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