There are still a lot of companies that are reporting quarterly earnings and, in many cases, the numbers are pretty decent. Let’s look at some of the winners.
The iconic jewelry brand Tiffany & Co. (NYSE/TIF) reported outstanding quarterly earnings growth of 50% due to significant sales strength and margin expansion from the Asia-Pacific region. The company’s American stores saw total sales grow four percent to $417 million, with European sales growing a surprising seven percent to $104 million.
Tiffany & Co. boosted its full-year earnings outlook for its fiscal year ending January 31, 2014, and the stock jumped seven points on the news, closing at a new all-time record high.
Much smaller Movado Group, Inc. (NYSE/MOV), which is based in Paramus, New Jersey, reported an 18.4% increase in third-quarter sales to $189.7 million.
The company’s quarter earnings fell comparatively due to a tax provision, but income before taxes grew to $34.0 million from $25.0 million in the same quarter last year.
Movado beat Wall Street consensus and tightened its guidance to the high end of its previous outlook.
Higher-end retailers like Tiffany & Co. aren’t representative of a general trend, but La-Z-Boy Incorporated (NYSE/LZB) recently shot way up on the stock market after reporting that consolidated sales grew 14% to $366 million in its most recent quarter.
Earnings for the quarter more than doubled. The company boosted its quarterly dividend by a whopping 50% and the stock soared on the news.
Even The TJX Companies, Inc. (NYSE/TJX), which consists of “T.J. Maxx,” “Marshalls,” “HomeGoods,” “Sierra Trading Post,” “HomeSense,” and “Winners,” beat its own expectations with a very solid quarter.
The company’s sales grew nine percent to $7.0 billion on a five-percent gain in global comparable store sales.
Earnings were $623.0 million compared to $462.0 million. Diluted earnings per share grew to $0.86 from $0.62, representing an impressive 39% gain. The company’s cash position and total shareholders equity soared and management boosted its full-year outlook, especially for fully diluted earnings per share.
Things are going to be choppy this holiday season, but I have a feeling retailers are going to surprise to the upside. And even if total sales growth is minimal, we’re getting meaningful margin expansion, which is boosting earnings at a very decent pace.
It is difficult to discern a trend in retail numbers. But from the investor’s perspective, the numbers are the numbers. For these companies, the earnings speak for themselves.
This article Four Companies with Earnings Growth That Shines is originally publish at Profitconfidential