Staples (SPLS - Get Report) is expected by Wall Street to report earnings of 45 cents a share in the fourth quarter on revenue of $6.72 billion. Staples' conference call is at 8 a.m. EST and it's likely the topic of the recently announced merger of rivals OfficeMax (OMX) and Office Depot (ODP) will be mentioned. Office Depot Takes Over OfficeMax to Take on Staples, Amazon
Members of J.C. Penney's (JCP - Get Report) board will consider selling the company or replacing Ron Johnson as CEO if a deep drop in sales can't be reversed this year, people familiar with the matter told The Wall Street Journal. The group includes activist hedge-fund manager William Ackman, who as the retailer's largest shareholder was instrumental in establishing Johnson as CEO, the newspaper said. J.C. Penney Needs to Fire Delusional Ron Johnson Now
American Eagle Outfitters (AEO - Get Report) is expected by analysts Wednesday to post fourth-quarter earnings of 56 cents a share on revenue of $1.12 billion.
Smith & Wesson (SWHC), the firearm maker, posted fourth-quarter profit Tuesday of $14.6 million, or 22 cents a share, more than tripling from year-earlier profit of $4.4 million, or 7 cents a share. Revenue jumped 39% to $136 million as consumers bought guns while U.S. lawmakers debated whether to impose a ban on some weapons.
VeriFone (PAY) swung to a profit in the first quarter but the maker of terminals for electronic payments said Tuesday it could make senior management changes to "execute our strategic plan going forward."
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