Tag Archives: Annual Results

Books-A-Million, Inc. Announces Fourth Quarter and Annual Results

By Business Wirevia The Motley Fool

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Books-A-Million, Inc. Announces Fourth Quarter and Annual Results

Operating Income Increases 22.0% in the Quarter

Annual Net Income Increases $5.0 Million

BIRMINGHAM, Ala.–(BUSINESS WIRE)– Books-A-Million, Inc. (Nasdaq: BAMM) today announced financial results for the 14-week and 53-week periods ended February 2, 2013. This quarter reflects an extra week in fiscal 2013, creating a 53-week fiscal year that occurs approximately every six years in the accounting cycle for most retailing companies. Net sales for the 14-week period ended February 2, 2013 decreased 0.8% to $165.6 million compared with sales of $166.9 million in the 13-week year-earlier period. Comparable store sales for the fourth quarter, which include comparable 13-week periods this year and last year, decreased 6.1% compared with the same period last year. Operating income increased 22.0% to $14.7 million for the 14-week period ended February 2, 2013, compared with $12.0 million in the 13-week period ended January 28, 2012. Net income from continuing operations for the current year fourth quarter was $8.1 million, or $0.52 per diluted share, compared with net income from continuing operations of $7.6 million, or $0.48 per diluted share, in the 13-week year-earlier period.

For the 53-week period ended February 2, 2013, net sales increased 7.5% to $503.8 million from net sales of $468.5 million in the 52-week year-earlier period. Comparable store sales, which include comparable 52-week periods this year and last year, declined 3.6%. Operating income was $6.9 million for the 53-week period ended February 2, 2013, compared with a loss of $4.0 million in the 52-week period ended January 28, 2012. For the 53-week period ended February 2, 2013, the Company reported net income from continuing operations of $2.5 million, or $0.16 per diluted share, compared to a net loss from continuing operations of $2.5 million, or $0.16 per diluted share, in the 52-week year-earlier period.

Commenting on the results, Terrance G. Finley, Chief Executive Officer and President, said, “We were pleased with our results for the quarter and the fiscal year. Our core book business stabilized, our general merchandise categories performed well and we experienced a significant change in the digital arena, with device sales weaker than expected and digital content sales growing at a markedly slower rate. We are adjusting our merchandising strategy to reflect the fast changing industry dynamics and focusing on growing our business by offering the best value and customer experience …read more
Source: FULL ARTICLE at DailyFinance

Dollar General Posts Record Quarterly, Annual Results

By Eric Volkman, The Motley Fool

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Dollar General results for both Q4 and 2012 notched record highs in several categories. For the quarter, the company set a new peak in its top line, which came in at $4.21 billion. This was a bit above the $4.19 billion of the same quarter the previous year. Net profit also hit an all-time high at $317 million ($0.97 per diluted share), an improvement over the $293 million ($0.85) of Q4 2011.

The most recent quarter’s EPS number topped expectations, although the market anticipated a higher top line. On average, analysts projected $4.26 billion in sales and EPS of $0.90.

For the full year, net sales climbed 8% on an annual basis to an all-time high of just over $16 billion. Net profit recorded another new peak at $953 million ($2.85 diluted EPS), or 24% above 2011’s figure of $767 million ($2.22).

Dollar General also provided guidance for its fiscal 2013. The company believes its sales will increase 10%-12% on a year-over-year basis, and its adjusted EPS will come in at $3.15-$3.30.

The article Dollar General Posts Record Quarterly, Annual Results originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance