Filed under: Earnings Reports, Forecasts, Penney (J.C.) (JCP), Kohl's Corp (KSS), Economic Data, Nordstrom, Inc (JWN), Urban Outfitters (URBN)
Last week's retail sales numbers were encouraging. And some shopping mall favorites take their turns in the earnings spotlight this week: JCPenney (JCP), Nordstrom (JWN), Urban Outfitters (URBN), Kohls Corp. (KSS) and Macy's (M). Overall, analysts surveyed by Thomson Reuters expect to see earnings growth from these retailers for the first quarter.
Texas-based department store operator JCPenney declared a quarterly dividend and tendered a debt offering in its first quarter. Earnings for that period are expected to have more than doubled from a year ago to $0.24 per share. Revenue for the three months that ended in April, however, is expected to have inched up 1.4% in the past year to $3.9 billion. And analysts expect to see year-over-year earnings and revenue growth in the second quarter. JCPenney's per-share earnings have come in within pennies of consensus estimates in the past five quarters, beating by two cents in the fourth quarter.
The Week in Preview: Eye on Retail -- JCPenney, Nordstrom, Urban Outfitters, Kohls, Macy's originally appeared on BloggingStocks on Sun, 09 May 2010 12:30:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments
Macy - Nordstrom - Urban Outfitters - Kohl - Thomson Reuters
Full story at http://www.pheedcontent.com/click.phdo?i=0bc326986eee4b878455a1e1cd5d9054
Posts
No comments:
Post a Comment