Market News

Priceline.com (PCLN)

Priceline.com Monday said its third-quarter profit totaled $319 million, or $6.42 per share, compared with $84.5 million, or $1.74 per share, a year earlier. Revenue increased 30% to $730.7 million.
GAAP net income for the 3rd quarter 2009 was positively affected by a $181.9 million non-cash tax benefit from reversing a portion of the valuation allowance related to the Company’s net operating loss carry forwards. The valuation allowance was reversed to reflect the amount of deferred tax asset that is estimated to be more likely than not to be realized after taking into consideration current operating results and future estimated domestic taxable income. Pro forma net income in the 3rd quarter was $173.3 million or $3.45 per diluted share, compared to $2.39 per share a year ago. The results topped Street expectations.

Nov 9 · 7:21:00 PM · Source: Company News
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by Larry Etter

A.C. Moore Arts & Crafts Inc. (ACMR)

A.C. Moore, a home goods retailer, Friday reported a third quarter net loss of $12.9 million, or 53 cents per share, compared with a loss of $7.5 million, or 37 cents a share, a year earlier. Revenue fell 9 percent to $106.1 million; gross margins slumped 19 percent.

Nov 6 · 5:51:00 PM · Source: Company News
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by Larry Etter

Scripps Networks Interactive (SNI)

Scripps Networks, which was spun off from E.W. Scripps Co. in 2008, said Friday it posted a third quarter profit of $65.3 million, or 39 cents a share, up from $57.3 million, or 35 cents a share, a year earlier. The prior year included a 3-cent tax charge. Revenue was up a slight 0.1% to $364.5 million.

Nov 6 · 5:47:00 PM · Source: Company News
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by Larry Etter

Nordstrom (JWN)

Nordstrom, Inc. Thursday today reported a 6.5 percent increase in same-store sales for the four-week period ended October 31, 2009 compared with the four-week period ended November 1, 2008. Preliminary total retail sales of $607 million for October 2009 increased 14.8 percent compared with total retail sales of $529 million for the same period in fiscal 2008.

Nov 5 · 1:46:00 PM · Source: Company News
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by Larry Etter

Saks Incorporated (SKS)

Saks Incorporated Thursday said that owned sales totaled $219.8 million for the four weeks ended October 31, 2009 compared to $216.0 million for the four weeks ended November 1, 2008, a 1.8% increase. Comparable store sales increased 0.7% for the month

Nov 5 · 1:44:00 PM · Source: Company News
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by Larry Etter

Kohl's (KSS)

Kohl’s Corporation today reported today that total sales for the four-week month ended October 31, 2009 increased 4.9 percent from the four-week month ended November 1, 2008. On a comparable store basis, sales increased 1.4 percent for the month of October.

Nov 5 · 1:40:00 PM · Source: Company News
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by Larry Etter

J.C. Penney (JCP)

J. C. Penney Company, Inc. Thursday reported comparable store sales for the four-week period ended Oct. 31, 2009, decreased 4.5 percent, In last year’s October period, comparable store sales decreased 13 percent. Total Company sales in October decreased 3.5 percent.
The sales topped company guidance.

Nov 5 · 1:35:00 PM · Source: Company News
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by Larry Etter

Nike (NKE)

Nike this weekend will debut the Nike N7 Collection, a select range of performance footwear designed with the environment and the future of Native American communities in mind. The N7 Collection will be sold exclusively through 33 Nike Factory Stores in the U.S. and via www.nike.com, with a portion of the profits going to the N7 Fund, which supports youth sport in Native American communities.

Nov 5 · 1:27:00 PM · Source: Company News
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by Larry Etter

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