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  • Today - Thursday, February 23, 2012

  • OMX
    9:01 AM OfficeMax (OMX): Q4 EPS of $0.17 beats by $0.02. Revenue of $1.84B (+3.9% Y/Y) beats by $40M. Shares +2.9% premarket. (PR) Comment!
  • SHLD
    8:32 AM More on Sears (SHLD +10.4%): Shares are sharply higher despite an ugly earnings report as Eddie Lampert looks to have pulled one on the bears again with the asset sales and rights offering. The company moves through a rare conference call - CEO Lou D'Ambrosio promises more cost reductions and unlocking of the value of the portfolio. Comment!
  • TGT
    7:56 AM Target's (TGT) big bet on Canada gets its first test with a temporary store in Toronto that opens today. The company is hoping to hit a sweet spot in Canada's retailing landscape between Harry Rosen and Holt Renfrew on the high end and Zellers and Wal-Mart on the low end. Target's full launch of 135 stores is planned for 2013. Comment!
  • SHLD
    7:55 AM Sears Holdings (SHLD): Q4 EPS of $0.54 misses by $0.24. Revenue of $12.48B (-4% Y/Y) in-line with consensus. Will separate its Hometown and Outlets Businesses and certain hardware stores, which will raise $400M-500M. Completing real estate transaction for 11 stores for $270M. (PR) 1 Comment
  • TGT
    7:46 AM More on Target (TGT): The company sees 2012 EPS of $4.55-4.75 against consensus $4.28. Q4 comparable-store sales +2.2% Y/Y. Q4 profit margin of 7.8%, down from 7.9% a year ago. Company repurchased $1.9B in shares in 2011, 5.3% of the float. Shares +0.4% premarket. Comment!
  • DRI
    7:27 AM Darden Restaurants (DRI) sees FQ3 (ending Feb. 26) EPS of $1.23-1.25, ahead of Street consensus of $1.19. The company notes a benefit from the shift in the Lenten season - which started during FQ3 this year - as well as less severe winter weather. Shares +0.8% premarket. (PR) Comment!
  • HRL
    6:59 AM Hormel Foods (HRL): FQ1 EPS of $0.48 in-line. Revenue of $2.04B (+6.1% Y/Y) in-line. (PR) Comment!
  • BTI
    5:35 AM British American Tobacco (BTI) FY net profit rose to £3.1B from £2.9B a year earlier, with pretax profit +11% to £5.52B. Revenue +3% to £15.4B. Despite an unsettled global economy, the company sees momentum this year for marketshare growth and margin improvement. Recommends a full-year dividend of 126.5 pence, and will buy back another £1.25B of shares. Shares -1.9% in London. Comment!
  • NSANY.PK
    4:15 AM Nissan (NSANY.PK) will recall 250,000 cars globally to fix a mechanical glitch that could lead to a fuel leak in extreme cases. No accidents have been reported due to the fault. Comment!

  • Wednesday, February 22, 2012

  • SKUL
    6:44 PM Skullcandy (SKUL): Q4 EPS of $0.47 beats by $0.04. Revenue of $83.4M (+29% Y/Y) beats by $1M. Shares -2.2% AH. Comment!
  • HLX
    6:44 PM Helix Energy Solutions Group (HLX): Q4 EPS of -$0.16 may not be comparable to consensus of $0.32. Revenue of $396M (+29.4% Y/Y) beats by $66M. (PR) Comment!
  • TWI
    6:27 PM Titan International (TWI): Q4 EPS of $0.37 beats by $0.05. Revenue of $402M (+73% Y/Y) beats by $16M. Shares -3.7% AH. (PR) 1 Comment
  • RGR
    6:26 PM Sturm Ruger & Company (RGR): Q4 EPS of $0.54 beats by $0.07. Revenue of $93M (+45% Y/Y) beats by $12M. Shares +2.9% AH. (PR) 1 Comment
  • IFSIA
    5:30 PM Interface (IFSIA): Q4 EPS of $0.13 misses by $0.07. Revenue of $270.9M (+2.1% Y/Y) misses by $6M. (PR) Comment!
  • LTD
    5:04 PM More on Limited Brands' FQ4: Though results beat estimates, the company expects FQ1 EPS of $0.35-$0.40, below a $0.44 consensus. In addition, Limited expects FY13 EPS of $2.60-$2.80, below a consensus of $2.91. However, February same-store sales are expected to grow in the mid-to-high single digits, above prior guidance. A new $500M stock buyback program has been authorized. LTD -3.2% AH. (PR) Comment!
  • SAM
    4:55 PM More on Boston Beer (SAM): Q4 beats EPS and revenue estimates on a 46% jump in profit as the brewer of Sam Adams beer posted an increase in shipment volumes and a successful pass-through of higher prices. Net revenue rose 23% as the company's effort to beef up its sales force and bolster its advertising efforts gathers steam. Shares -1.5% AH. Comment!
  • DTSI
    4:33 PM DTS (DTSI): Q4 EPS of $0.52 beats by $0.04. Revenue of $29M (+7.8% Y/Y) beats by $0.3M. Shares -0.5% AH. (PR) Comment!
  • SAM
    4:31 PM Boston Beer (SAM): Q4 EPS of $1.17 beats by $0.06. Revenue of $142M (+22.7% Y/Y) beats by $11M. Shares +0.4% AH. (PR) Comment!
  • CQB
    3:49 PM Chiquita Brands (CQB +9.2%) posts a narrower-than-expected Q4 loss and says it is refocusing its salad business, which has struggled amid stiff private-label competition. The owner of Fresh Express bagged salads plans to expand its organic offerings and offer heads of lettuce while going into private-label. CQB also plans to consolidate several Midwest processing plants into one Chicago facility. Comment!
  • GT
    2:38 PM Goodyear (GT -2.5%) "could go to zero," Wasatch Funds' Michael Shinnick says, citing balance sheet weakness and massive underfunding of its pensions. Shares are -7.2% YTD but trade at ~$13, pretty far from zero and well above the 52-week low of $8.53. GT recently showed up in Randall Forsyth’s rundown of companies with the biggest pension shortfalls. 1 Comment
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