Tuesday's Late Winners & Losers
Sarina Penn
11/20/07 - 06:54 PM EST
Whole Foods (WFMI Quote) was among the winners in a generally mixed after-hours session Tuesday, which saw a number of retailers turning in their quarterly financials.
Shares of the organic-foods mart added 2.3% after sales from the recently acquired Wild Oats
boosted total fiscal fourth-quarter revenue comfortably past Wall Street expectations. The total figure came to $1.74 billion, or a 24.7% leap vs. last year, excluding an extra week this quarter. Analysts polled by Thomson Financial were seeking revenue of $1.62 billion.
Income slid 14.3% from last year to 24 cents a share, or $33.9 million, though that includes 6 cents a share in buyout-related expenses. The Street had called for earnings of 30 cents a share, excluding one-time items. Whole Foods also said same-store sales jumped 8.2% from last year. Shares of the Austin-based company were up 95 cents to $43.20.
Hot Topic (HOTT Quote), a mall-based pop-culture-apparel retailer, gained ground after fiscal third-quarter earnings totaled an in-line 15 cents a share, or $6.7 million, despite representing a penny-a-share dip from last year. Revenue was off 4.2% to $188.5 million, or a hair below consensus. Shares of the California-based company tacked on 28 cents, or 3.8%, to $7.59, in recent extended trading.
On the postclose losing side was
Pacific Sunwear (PSUN Quote), a somewhat differently themed teen-apparel chain. The Anaheim, Calif., outfit swung to a fiscal third-quarter loss of $20 million, or 29 cents a share, on slipping sales of $373.1 million that nonetheless edged past the mean target. PacSun blames the loss on hefty charges from store-asset impairments and inventory reserves from its demo stores.
Stripping that out, the company recorded a profit of 16 cents a share, which beats estimates by 2 cents. Still, shares were down 1.1% at $14.
And
Hibbett Sports (HIBB Quote), a sporting-goods retailer, said its bottom line slumped 21.3% to $7.8 million, or 25 cents a share, in the third quarter. Analysts had sought 24 cents a share, less extraordinary items. Sales were virtually flat year over year at $129.6 million, falling short of $134.8 million expectations. Shares lost 52 cents, or 2.5%, to $20.66 in recent after-hours trading.