Tuesday's Late Winners & Losers
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.- Loading Comments...
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