Investments, Online Initiatives, and Women's Apparel and Accessories Boost Sales - Research Report on Tiffany & Co., J.C. Penney, Saks, Signet Jewelers, and Bon-Ton Stores PR Newswire NEW YORK, May 31, 2013 NEW YORK, May 31, 2013 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. Today, Wall Street Reports announced new research reports highlighting Tiffany & Co. (NYSE: TIF), J.C. Penney Company, Inc. (NYSE: JCP), Saks Inc. (NYSE: SKS), Signet Jewelers Ltd. (NYSE: SIG), and The Bon-Ton Stores, Inc. (NASDAQ: BONT). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. Tiffany & Co. Research Report On May 28, 2013, Tiffany & Co. (Tiffany & Co.) reported financial results for Q1 FY 2013 (period ended April 30, 2013). The Company's worldwide GAAP net sales increased 9.3% YoY to $895.5 million, while GAAP comparable store sales increased 4% YoY. Net earnings increased to $83.6 million or $0.65 per diluted share, compared to $81.5 million or $0.64 per diluted share in Q1 FY 2012. Commenting on the results, Michael J. Kowalski, Tiffany & Co.'s Chairman and Chief Executive Officer, said, "We are pleased with this start to the year. Worldwide, first quarter sales exceeded our expectations, enabling us to improve our sales leverage on fixed expenses and achieve earnings growth." For FY 2013, the Company expects net earnings in the range of $3.43 to $3.53 per diluted share. The Full Research Report on Tiffany & Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/6024_TIF] J.C. Penney Company, Inc. Research Report On May 22, 2013, J.C. Penney Company, Inc. (J.C. Penney) announced that its wholly-owned subsidiary, J.C. Penney Corporation, Inc. (JCP), has entered into a new five-year $2.3 billion senior secured term loan credit facility. The size of the facility was increased from the amount of $1.8 billion anticipated in the commitment letter released on April 29, 2013. Proceeds of the term loan credit facility will be used to finance a debt tender offer, and to fund ongoing capital requirements and other general corporate purposes. Ken Hannah, JCP's Chief Financial Officer, said, "We are extremely pleased with the consummation of our term loan and the success of our tender offer. We appreciate the strong demand from investors and their confidence in jcpenney's future. This new funding gives us the financial flexibility to pursue our plans to put the Company back on a path to profitable growth." The Full Research Report on J.C. Penney Company, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/5c04_JCP] Saks Inc. Research Report On May 21, 2013, Saks Inc. (Saks) announced its financial results for Q1 FY 2013 (period ended May 4, 2013). The Company posted net income of $20 million or $0.13 per diluted share, compared to $32.1 million or $0.18 per diluted share in Q1 FY 2012. Comparable store sales grew 5.9% YoY. Stephen I. Sadove, Chairman and Chief Executive Officer of Saks, said, "Several merchandise categories showed sales strength during the first quarter, including women's contemporary and advanced designer apparel; dresses; women's shoes; handbags; children's apparel; and men's accessories, shoes, and contemporary apparel. The New York City flagship store sales performance was positive but modestly below the comparable store sales increase of the Company's Saks Fifth Avenue stores in the aggregate for the quarter." The Company expects comparable store sales to grow in the 4% to 6% range for the balance of FY 2013, with modestly higher growth in the second half of FY 2013 than in Q2 FY 2012. The Full Research Report on Saks Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/2e2e_SKS] Signet Jewelers Ltd. Research Report On May 23, 2013, Signet Jewelers Ltd. (Signet Jewelers) announced its financial results for Q1 FY 2014 (period ended May 4, 2013). Same store sales increased 6.4% YoY. Diluted EPS grew 17.7% YoY to $1.13. Commenting on the results, Signet Jewelers' Chief Executive Officer Mike Barnes said, "Our US division led our performance, generating same store sales increases of 10.2% at Kay and 6.0% at Jared." For Q2 FY 2013, the Company expects same store sales to increase in the low-to-mid single-digit range, and EPS to be in the range of $0.79 to $0.84, including a $0.06 per share negative impact from the Company's Ultra Stores acquisition. The Full Research Report on Signet Jewelers Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/520e_SIG] The Bon-Ton Stores, Inc. Research Report On May 23, 2013, The Bon-Ton Stores, Inc. (Bon-Ton Stores) reported its operating results for Q1 FY 2013 (period ended May 4, 2013). Comparable store sales increased 1.2% YoY. The Company reported net loss of $26.6 million or $1.41 per diluted share, compared with a net loss of $40.8 million or $2.23 per diluted share in Q1 FY 2012. Commenting on the results, Brendan Hoffman, Bon Ton Stores' President and Chief Executive Officer, said, "Our first quarter financial results reflect meaningful progress on our strategic initiatives. Comparable store sales increased in spite of inclement weather. Enhancements to our eCommerce business again yielded double-digit sales growth while we saw increased penetration of proprietary credit card sales due to concentrated efforts to drive this business. Our gross margin rate benefited from a better balanced merchandise mix and a more effective markdown strategy." The Full Research Report on The Bon-Ton Stores, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/272a_BONT] EDITOR NOTES: 1.This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2.Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below. 3.This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public. 4.If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNetwork.com. 5.For any urgent concerns or inquiries, please contact us at compliance@EquityNewsNetwork.com. 6.Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research@EquityNewsNetwork.com for consideration. COMPLIANCE PROCEDURE Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be. NOT FINANCIAL ADVICE Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein. NO WARRANTY OR LIABILITY ASSUMED Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. SOURCE Wall Street Source Contact: Media Contact: WSReports.com, Phone #: +1-310-496-8071
Investments, Online Initiatives, and Women's Apparel and Accessories Boost Sales - Research Report on Tiffany & Co., J.C.
Press spacebar to pause and continue. Press esc to stop.