May 21, 2018 9:33 PM ET

Specialty Retail

Company Overview of Claire's Stores Inc.

Company Overview

Claire's Stores Inc. operates as a specialty retailer of fashionable jewelry and accessories for young women, teens, tweens, and kids. The company sells jewelry products, including earrings, necklaces, bracelets, body jewelry, and rings, as well as offers ear piercing services. It also sells accessories comprising hair goods; beauty products; room decors; personal, fashion, and seasonal accessories, including phone cases, jewelry holders, stationery, key rings, attitude glasses, headwear, legwear, arm wear, and sunglasses; and handbags and small leather goods. The company operates stores under the Claire’s and Icing brands. As of February 3, 2018, it operated 2,330 company-operated Claire’s ...

3 SW 129th Avenue

Pembroke Pines, FL 33027

United States

Founded in 1961

5,882 Employees

Phone:

954-433-3900

Fax:

954-433-3999

Key Executives for Claire's Stores Inc.

CEO & Director
Age: 63
Executive VP & CFO
Age: 50
Chief Merchandise Officer and Executive Vice President
Executive Vice President of Planning Allocation and Supply Chain for North America
Senior Vice President of Stores
Compensation as of Fiscal Year 2017.

Claire's Stores Inc. Key Developments

Claire's Stores Inc. Auditor Raises 'Going Concern' Doubt

Claire's Stores Inc. filed its 10-K on Apr 20, 2018 for the period ending Feb 03, 2018. In this report its auditor, Grant Thornton, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Claire's Stores Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended February 3, 2018; Reports Impairment of Assets for the Fourth Quarter Ended February 3, 2018

Claire's Stores Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended February 3, 2018. For the quarter, the company reported net sales of $406,768,000 compared to $382,456,000 a year ago. Operating income was $58,613,000 compared to $16,947,000 a year ago. Income before income tax benefit was $12,206,000 compared to loss of $27,107,000 a year ago. Net income was $78,035,000 compared to loss of $25,844,000 a year ago. Adjusted EBITDA was $86,785,000 compared to $76,944,000 a year ago. For the year, the company reported net sales of $1,337,610,000 compared to $1,311,316,000 a year ago. Operating income was $149,903,000 compared to loss of $63,718,000 a year ago. Loss before income tax benefit was $26,707,000 compared to income of $51,748,000 a year ago. Net income was $35,244,000 compared to $53,899,000 a year ago. Adjusted EBITDA was $218,416,000 compared to $188,225,000 a year ago. For the fourth quarter ended February 3, 2018, the company reported impairment of assets of $1,352,000 compared to $39,347,000 a year ago.

Claire's Stores Inc. Reports Unaudited Earnings Results for the Year Ended February 3, 2018

Claire's Stores Inc. reported unaudited earnings results for the year ended February 3, 2018. For the year, the company reported net income of $28,656,000 compared to $53,899,000 a year ago. Interest income negative was $33,000 compared to $29,000 a year ago. Adjusted EBITDA was $211,828,000 compared to $188,225,000 a year ago.

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