Summary. Fundamentals remain strong with earnings growth at 12.3%, comparable store sales up 4%, operating margin at 15.2%, and FY2017 EPS guidance of $3.12 per share in Q1’17. Intrinsic value estimate of $69 per share provides 21% upside from current levels plus a 1.18% dividend yield.
Department and apparel stores continued to report disappointing first-quarter results Thursday, although Ross Stores Inc. followed its larger off-price rival, The TJX Cos. Inc., into the earnings.
A Nordstrom Rack store. CREDIT: REX Shutterstock. Nordstrom Inc. today reported better-than-expected earnings, as sales soared in its off-price nordstrom rack business but remained tepid in full.
Even with the decline in costs, Sears in Q1 was operating at a $217 million loss, compared to its operating profit of $349 million last year. Dive Insight: Sears continues to far outpace its.
Macy’s Inc. (M – Free Report) , one of the leading department store chains, is slated to report fiscal Q1 results on May 11. In the preceding two quarters, Macy’s outperformed the Zacks Consensus.
· Wal-Mart shares have lagged the broader market this year, but they are still up +9% (vs. +14.2% gain for the S&P 500 index), but Macy’s and the broader department store space been real.
· To combat rivals, the department store chain has been focused on rolling out new concepts in stores, like branded pop-up shops, and expanding its.
· A quarter refers to one-fourth of a year and is typically expressed as "Q1″ for the first quarter, “Q2” for the second quarter, and so forth. Most financial reporting and dividend payments.
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While the Q1 results hang over the heads of these department stores, there are also causes for future concern. With the White House expected to place 25% tariffs on roughly $300 billion of goods from China, including apparel and footwear, representatives at each department store shared concerns about the potential effects of these taxes on their business – something Target shrugged off entirely.
After a year of seeing its performance weighed down by its decision to ban certain firearms sales at its stores, and removing the hunting department altogether at a number of them, the sporting goods.
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Stores like TJ Maxx and Marshalls carry brands like Michael Kors, Tommy Hilfiger, and Calvin Klein for less than department stores, so many shoppers are more likely to shop at the off-price retailers.
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