Breaking News
Mar 17, 2023
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Signet Jewelers Ltd said revenue in the fourth quarter ending in January declined 5.2% to $2.66 billion from $2.81 billion and net income fell to $268.7 million from $305.7 million and diluted earnings per share increased to $5.02 from $4.91 in the previous year.
Same store sales declined 9.15% from the previous year but rose 16.4% from the comparable period in fiscal year 2020.
Total sales in the fiscal year 2023 decreased 0.2% to $7.8 billion and net income dropped to 342.2 million from 735.4 million and diluted earnings per share fell to $6.64 from $12.22 a year ago.
Same store sales in the year fell 6.1% from the previous year but rose 18.1% from the fiscal year 2020.
SIG
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The Children's Place Inc said revenue in the fourth quarter ending in January declined 10.2% to $456.1 million from $507.8 million a year ago. The retailer swung to a loss of $50.5 million from a profit of $39.0 million and diluted earnings per share was ($4.10) from $2.68 a year ago.
In the full-year 2022 revenue dropped 10.8% to $1.71 billion compared to $1.92 billion in the previous year. Net loss in the year was $1.1 million compared to a profit of $187.2 million and diluted earnings per share was ($0.09) compared to $12.59 in the previous year.
The retailer ended the quarter with 613 stores and square footage of 2.9 million, a decrease of 8.3% compared to the prior year. The company permanently closed 59 stores in fiscal 2022 and permanently closed 586 stores, since the announcement of its optimization plan in 2013
PLCE
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FedEx Corp said revenue in the fiscal third quarter ending in February declined to $22.2 billion from $23.6 billion and net income fell to $771 million from $1.1 billion and diluted earnings per share dropped to $3.05 from $4.20 a year ago.
The parcel delivery company completed a repurchase of 9.2 million shares in the fiscal third quarter.
The company lifted its fiscal year 2023 diluted earnings per share forecast in the range of $13.80 to $14.40 before the mark-to-market retirement plans accounting adjustments, compared to the prior forecast of $12.50 to $13.50 a share.
The company estimated fiscal year capital spending of $5.9 billion.
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