U.S. Movers: Big Lots, EDGAR Online, Foot Locker, Genesco, Sara Lee

Mukesh Buch
02 Mar, 2012
New York City

Big Lots fourth quarter net increased 7% to $114.7 million. Foot Locker fourth quarter net increased to $81 million. Genesco fourth quarter net increased to $41.5 million. Sara Lee subsidiary DE International files registration to spin off.

[R]10:35 AM New York – Big Lots fourth quarter net increased 7% to $114.7 million. Foot Locker fourth quarter net increased to $81 million. Genesco fourth quarter net increased to $41.5 million. Sara Lee subsidiary DE International files registration to spin off.[/R]

Ascena Retail Group Inc ((ASNA)) increased 6.2% or $2.45 to $41.40 after the apparel retailer reported second quarter net sales increased 15% to $862 million from $752.1 million in the same quarter last year. Comparable store sales increased 8%. Net income in the quarter increased 7.4% to $63.7 million or 81 cents per diluted share compared to $42.5 million or 52 cents per diluted share in the year ago earlier.

Big Lots, Inc. ((BIG)) decreased 3.1% or $1.41 to $43.08 after the consumables retailer reported fourth quarter net sales increased 7.5% to $1.63 billion from $1.52 billion in the same quarter last year. Comparable store sales increase of 3.4%. Net income in the quarter increased 7% to $114.7 million or $1.75 per diluted share compared to $110.1 million or $1.46 per diluted share in the year ago earlier.

For 2011 net sales increased to $5.20 billion from $4.95 billion in last year. Comparable store sales rose of 0.1%. Net income for the year fell to $207.1 million or $2.98 per diluted share compared to $222.5 million or $2.83 per share in the prior year.

EDGAR Online, Inc. ((EDGR)) soared 17% or 11 cents to 75 cents the public filings service provider reported fourth quarter revenues rose to $7.64 million from $4.92 million in the same quarter last year. Net loss in the quarter narrowed to $0.56 million or 2 cents per diluted share compared to $3.18 million or 12 cents per diluted share in the year ago period.

Foot Locker, Inc. ((FL)) rose 11 cents to $29.63 after the athletic footwear and apparel retailer reported fourth quarter sales grew to $1.50 billion from $1.39 billion in the same quarter last year. Net income in the quarter increased to $81 million or 53 cents per diluted share compared to $57 million or 36 cents per diluted share in the year ago.

For 2011 sales increased to $5.62 billion from $5.01 billion in last year. Net income for the year rose to $278 million or $1.80 per diluted share compared to $169 million or $1.07 per share in the prior year.

Genesco Inc. ((GCO)) increased 4.3% or $3.09 to $73.73 after the apparel and accessories retailer reported fourth quarter net sales soared 29% to $723 million from $560 million in the same quarter last year. Comparable store sales in the quarter increased 12%. Net earnings in the quarter increased to $41.5 million or $1.72 per diluted share compared to $30.9 million or $1.31 per diluted share in the year ago quarter.

For 2011 net sales increased to $2.29 billion from $1.79 billion in last year. Comparable store sales in the quarter increased 7%. Net earnings for the year rose to $82 million or $3.43 per diluted share compared to $53.2 million or $2.24 per share in the prior year.

Overstock.com, Inc. ((OSTK)) declined 13.7% or 93 cents to $5.95 after the online retailer reported fourth quarter revenue decreased 10% to $314.1 million from $348.9 million in the same quarter last year. Net loss in the quarter narrowed to $3.4 million or 15 cents per diluted share compared to $14.9 million or 63 cents per diluted share in the year ago period.

For 2011 revenue fell 3% to $1.05 billion from $1.09 billion in last year. Net loss for the year widened to $19.4 million or 84 cents per diluted share compared to $13.9 million or 59 cents per share in the prior year.

Sara Lee Corporation ((SLE)) gained 4.8% or 99 cents to $21.38 after the food processing company said it will spin off its Coffee & Tea business and list it on an exchange in Amsterdam that may be valued as much as $4.55 billion and shareholders will receive a special dividend of $3 a share.