belk inc-class a (BLKIA) Key Developments
Belk Inc. Announces Earnings Results for the Full Year Ended January 31, 2015
Mar 27 15
Belk Inc. announced earnings results for the full year ended January 31, 2015. The company's net income dropped 7.8% to $146.1 million during the fiscal year that ended Jan. 31. That was down from $158.5 million in fiscal 2014. The company's net sales totaled $4.11 billion, up 1.8% from $4.04 billion the previous year.
Belk Inc. Declares Dividend for the Fiscal Year Ended Jan. 31, 2015
Mar 27 15
Belk Inc.'s board of directors declared a regular dividend of 80 cents per share for stockholders of record on March 26.
Belk to Close Pineville Distribution Center, Cut 113 Jobs
Feb 19 15
Belk Inc. is preparing to shutter its distribution and fulfillment center in Pineville in September, a move that will eliminate 113 local jobs. The Charlotte-based retailer disclosed the planned closing in a Worker Adjustment and Retraining Notification, or WARN notice, with the N.C. Commerce Department. Belk will not renew its lease for the 259,000-square-foot facility on Nations Ford Road. Employees have been informed of those plans and will be able to relocate to Belk's Jonesville, S.C., distribution and fulfillment center if they choose.
Belk Inc. Announces Sales Results for the Nine Weeks Ended January 03, 2014
Jan 14 15
Belk Inc. announced sales results for the nine weeks ended January 03, 2014. For the period, sales were up 5.2% over the previous year, while same-store sales increased 4.8%. Holiday sales got off to a strong start through the Thanksgiving weekend with positive momentum continuing through December.
Belk Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 1, 2014
Dec 8 14
Belk Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended November 1, 2014. For the quarter, revenues were $859.5 million against $860.7 million a year ago. Operating loss was $0.8 million against operating income of $15.0 million a year ago. Loss before income tax was $12.2 million against income before income tax of $4.3 million a year ago. Net loss was $8.2 million against net income of $3.6 million a year ago. Net loss excluding non-comparable items was $8.5 million against income of $4.6 million a year ago. On a comparable store basis, negative net sales were 0.8%.
For the nine months, revenues were $2,721.1 million against $2,716.0 million a year ago. Operating income was $99.1 million against $128.2 million a year ago. Income before income tax was $64.5 million against $95.6 million a year ago. Net income was $41.7 million against $62.2 million a year ago. Net income excluding non-comparable items was $40.9 million against $63.6 million a year ago. On a comparable store sales basis, negative sales were 0.1%.