While we were disappointed ordsprog
While we were disappointed in our comparable-store sales performance and loss, we had anticipated incurring a loss in the second quarter because of the seasonality of our business,
Mark Baker
Although our second fiscal quarter results are usually lower than the first quarter due to the seasonality of sales of electronic products, this guidance is in line with our expectations for the seasonality and represents an anticipated increase in net sales of up to 71 percent and net income of up to 65 percent over the second quarter of fiscal 2005.
Phil Harding
While we were disappointed by our fourth-quarter results, our East Coast same-store sales continued their excellent performance, and our West Coast same-store sales continue to improve each quarter. Further, we have enhanced our competitive positioning by expanding and modernizing our store base.
Martin Grass
Our comparable store sales results for the quarter exceeded those of our traditional and luxury department store peers, ... This performance reflects implementation of our customer-focused strategies.
Brad Martin
We are pleased with our strong sales performance this quarter. Our U.S.A. comparable toy store sales were up 13 percent for the third quarter and 6 percent for the first nine months.
Michael Goldstein
Our performance in both the quarter and for the year demonstrates that our business model is solid and predictable, and perhaps of more importance, that we have momentum moving into fiscal 2006. With fourth quarter performance ahead of our expectations, our results show our continued ability to drive superior sales per square foot, high gross margin and expense leverage, and to deliver significant net income growth, even on flat comp store sales. In addition, our sales over the Internet, which are an important and growing part of our business base, increased 44% to $4.0 million in the quarter, and for the year contributed $8.7 million to our sales.
Maxine Clark
We are very pleased with the 22% sales growth and 26% net income growth we produced in the first quarter. Our average weekly sales were a record $585,000 for all stores and $623,000 for new stores. Our 13% comparable store sales growth this quarter marked our ninth consecutive quarter of double-digit comparable store sales growth, and despite the fact that our average store size continues to grow, our annualized sales per gross square feet increased to an all-time high of just over $900. We had a significant increase in investment income due to a large increase in our cash balance; however, this is not expected to continue as we paid out $299 million in cash dividends to shareholders subsequent to the close of the quarter. Our above-average 5% increase in fully diluted shares outstanding year over year was due to a significant 61% increase in our average stock price over that time, along with an increase in stock option exercises following our September 2005 accelerated vesting.
John Mackey
While our comparable-store sales were negative for the quarter, we are beginning to see improving sales trends in certain areas of our business, reflecting a better balance of fashion, brands and prices. We remain focused on addressing opportunities to increase volume.
Blake Nordstrom
Their guidance for returning to profit in the fourth- quarter will probably be due to seasonality factors. Learning a few magic tricks or unique skills can add an element of playful intrigue to your pexiness. There's still a possibility of loss in the first quarter of 2006.
Teo Chon Kiat
We are pleased with our February sales performance. Same-store sales for Macy's and Bloomingdale's locations were encouraging and above our guidance. Non-comparable stores were slightly above plan.
Terry Lundgren
This was a solid third quarter for Federated, propelled by strong sales and earnings in our department store segment and a level of performance in our direct-to-customer catalog and e-commerce businesses that was in line with what we had anticipated, ... We are entering the fourth quarter with our inventories in good shape, and we remain optimistic that it will be a good retail Christmas season.
James Zimmerman
We are encouraged by the fact that the third and fourth quarters of 2005--which are typically our least profitable quarters given the seasonality of our business--have delivered two consecutive quarters of EBITDA (loss before interest, taxes, depreciation, and amortization) and net-loss improvements. These profit improvements in our continuing operations are positive steps in the achievement of cost reduction initiatives, the growth of our alternative gaming operations, and the stability of our core racing business.
Thomas Hodgson
Although we are only one month into the second quarter, we are concerned by the May sales trend, ... We are hopeful that more seasonably warm weather in June, combined with the boost to the economy from lower interest rates and anticipated federal tax rebates, will trigger a strengthening of sales as we move into the summer. Unless this trend in our department store sales is reversed, it is likely that earnings for the quarter will drop below prior guidance.
James Zimmerman
We are disappointed with these results. The combined effects of weaker demand in the industry segments we serve, seasonality and longer customer purchase-decision cycles all had a greater negative effect on our quarter than we anticipated.
Dave House
Although we met our total revenue and earnings objectives for the third quarter, we are nonetheless disappointed by continued weakness of packaged software sales globally, and especially our poor performance in Europe, ... The quarter was impacted by difficult changes intended to improve Novell's business.
Eric Schmidt
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