Content about Company Earnings Guidance

February 10, 2014

The Scotts Miracle-Gro Company released its fiscal first-quarter results, which were in line with the company's expectations but showed little year-over-year movement.

Net sales for the three months ended Dec. 28, 2013, were $196.4 million, down 5% compared with the same quarter last year. The company attributed the decline to the timing of pre-season shipments to retailers.

Net income marked a 2% improvement, though the company has been operating at a loss. Income for the quarter was a loss of $103.4 million, a slight improvement over last year's loss of $105.1 million.

February 6, 2014

Scotts Miracle-Gro reported an adjusted loss from continuing operations for its first quarter of $65.4 million, which is an improvement of $3.1 million, compared with an adjusted loss of $68.5 million last year. 

Net sales in the three months ended Dec. 28, 2013, totaled $196.4 million, down 5% from $205.8 million during the same quarter a year ago. The company pointed to the timing of pre-season shipments to retailers for the decline.

December 13, 2013

Fitch Ratings has released a report titled "2014 Outlook: U.S.

November 19, 2013

The Home Depot reported sales of $19.5 billion for the third quarter of fiscal 2013, a 7.4% increase from $18.1 billion in the third quarter of fiscal 2012.

On a like-for-like basis (last year's quarter had an extra calendar week), comparable-store sales for the third quarter of fiscal 2013 were positive 7.4%, and comp sales for U.S. stores were positive 8.2%. 

November 15, 2013

Shortseller Gotham City Research claimed Thursday that Tile Shop Holdings had exaggerated its earnings in its most recent financial report.

August 21, 2013

Mooresville, N.C.-based Lowe's Cos. reported second-quarter sales of $15.7 billion, up 10.3% from $14.2 billion in the same quarter last year.

Comp-store sales for the world's second-largest home improvement retailer were up 9.6%, as net earnings jumped 16.2% to $1.48 billion.

August 20, 2013

A rebound in seasonal categories helped The Home Depot post double-digit comp-store sales in the second quarter as it exceeded its own expectations.

Net sales at the world's largest home improvement retailer increased 9.5% to $22.5 billion in the quarter ended Aug. 4, compared with $20.6 billion in the same quarter last year. Comp-store sales increased 10.7% across the company, and increased 11.4% among domestic stores.

Net earnings for the quarter were $1.80 billion, up 17.2% from $1.53 billion in last year's 14-week second quarter.

August 13, 2013

Amid strong performance in the U.S. and challenges on the demand side of the general industrial market, The Valspar Corporation reported third quarter growth of 1% in net sales and 5.5% in net income.

Net sales for the company came in at $1.1 billion for the third quarter. Meanwhile, Paints sales increased 3% to $455 million, while Coatings experienced a 1% bump in sales to $573 million.

Adjusted net income came in at $96 million, compared to year-ago figures of $91 million.

August 6, 2013

Trex Company's second-quarter results showed strong growth in sales and earnings, up 4.5% in sale and up 57% increase in earnings per share. 

May 21, 2013

Atlanta-based The Home Depot reported first-quarter sales of $19.1 billion, up 7.4% from last year's quarter, which had one less week. 

On a like-for-like basis, comparable-store sales for the first quarter were positive 4.3%. U.S. stores comps were positive 4.8%, also on a like-for-like basis.

February 26, 2013

The world’s largest home improvement retailer posted fourth-quarter earnings in excess of $1 billion.

Playing with an extra week in its calendar, Atlanta-based Home Depot’s fourth-quarter sales increased 13.9% to $18.2 billion, as the company’s comps increased 7.1%.

The company posted net earnings of $1.0 billion in the fourth quarter, up 31.9% compared with last year’s fourth quarter. 

February 22, 2013

Walmart overcame a meager 1% same-stores sales increase at U.S. stores to deliver better-than-expected fourth-quarter profits.

Walmart overcame a meager 1% same-stores sales increase at U.S. stores to deliver better-than-expected fourth-quarter profits.

The company said total sales increased 3.9% to $127.1 billion compared to $122.3 billion last year. Without the benefit of a favorable currency exchange situation, sales would have increased a lesser 3.7% to $126.8 billion. Full year sales increased by 5% to $466.1 billion compared to last year’s total of $443.8. 

February 7, 2013

Scotts Miracle-Gro posted first-quarter net sales of $205.8 million, up 3% from $199.6 million during the same quarter a year ago.

Scotts Miracle-Gro posted first-quarter net sales of $205.8 million, up 3% from $199.6 million during the same quarter a year ago. 

Sales in the Global Consumer segment in the quarter ended Dec. 29, 2012, were up 3% to $153.2 million, compared with $149.1 million a year ago, attributable to increased volume during the quarter. 

January 10, 2013

BlueLinx Holdings has reported preliminary results for its fourth fiscal quarter, with expected revenues at approximately $440 million, an increase of 12.5% from $391.1 million for the fourth quarter of fiscal 2011.

January 8, 2013

Hoffman Estates, Ill.-based Sears Holdings Corp. announced Monday that Louis J. D'Ambrosio will step down as CEO for family health matters at the end of the company's fiscal year on Feb. 2. Edward S. Lampert will then assume the role of CEO of Sears Holdings, in addition to his role as chairman of the board of directors. 

December 6, 2012

Bloomington, Minn.-based The Toro Co. reported net earnings of $129.5 million for the full year ended Oct. 31, up from earnings of $117.7 million in 2011. 

Net sales increased 4% to $1.96 billion for its fiscal year. 

For the fourth quarter, Toro reported net earnings of $0.3 million, down from $5 million in the fourth quarter of 2011. Net sales decreased 7.8% to $339.3 million in the quarter. 

November 19, 2012

Mooresville, N.C.-based Lowe's reported third-quarter net income of $396 million, up 76% from earnings of $225 million a year ago. Revenues increased 2% to $12.07 billion, ahead of consensus estimates of $11.93 billion.

October 24, 2012

Toano, Va.-based Lumber Liquidators reported third-quarter net income of $12.9 million, up 91.3% from $6.7 million in the third quarter of the prior year. 

Net sales for the third quarter ended Sept. 30 increased $32.3 million, or 18.8%, to $204.3 million in the third quarter of 2012 from $172.0 million in the third quarter of 2011. Comparable-store net sales increased 12.0% for the quarter; non-comparable store net sales increased $11.7 million. The company opened seven new stores during the third quarter.

October 19, 2012

Epicor Software Corp., the business software solutions provider, has announced its preliminary financial results for fiscal 2012 and the completion of its acquisition of Solarsoft Business Systems.

April 23, 2012

Sherwin-Williams Co. reported net sales of $2.14 billion for its first fiscal quarter, a 15.1% rise over net sales in the same quarter of 2011. The increase was attributed primarily to higher paint sales volume and selling price increases. 

February 21, 2012

Boosted by mild temperatures and spring-like selling conditions throughout much of the country, Atlanta-based Home Depot saw sales rise nearly 6% in the fourth quarter.

The home improvement giant reported fourth-quarter sales of $16.0 billion, up 5.9% from the same quarter last year. Comparable-store sales were positive 5.7%, and up 6.1% in the United States.

"We had a strong finish to 2011, and with favorable weather, our business delivered results that exceeded our expectations," said CEO Frank Blake. 

February 7, 2012

Scotts Miracle-Gro reported first-quarter net sales of $211.2 million, an 8% drop over sales of $230.2 million during the prior-year quarter.

Net loss for the industry’s largest lawn and garden supplier was $1.21 million for the first quarter, which ended Dec. 31, 2011. This compares with a net loss of $1.02 million during the first quarter of 2010.

December 7, 2011

Marysville, Ohio-based Scotts Miracle-Gro said Wednesday morning that its first quarter will see a bigger-than-expected loss, but it is maintaining its outlook for the full year.

Sales for the first quarter ending Dec. 31 are expected to decline about $30 million from the same quarter a year ago. The adjusted net loss in the quarter is expected to range from $70 million to $75 million, compared with a net loss of $65.6 million in the prior year.

The $1.20-to-$1.25 per share loss is greater than the $1.13 per share loss expected by Wall Street.

October 20, 2011

Strong results in consumable categories, a little inflation and some Hurricane Irene-related sales fueled an 11.5% same-store sales increase and led to a strong overall third-quarter financial performance at Tractor Supply. 

Net income for the quarter was $42.7 million, up 42.8% from net income of $29.9 million in the third quarter of the prior year.

Third-quarter net sales increased 17.9% to $977.8 million from $829.1 million in the prior year's third quarter.

October 10, 2011

Marysville, Ohio-based Scotts Miracle-Gro said it expects to report a 2% decline in sales for fiscal 2011 when it issues its full-year financial results Nov. 8.

The sales shortfall, coupled with associated gross margin pressure, will likely result in adjusted net earnings in a range of approximately $2.70 to $2.75 per share, according to the company. The company had forecast earnings of about $3.00 per share back in August.