This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Stocks to Watch: Safeway, Hain Celestial

Guess? (GES):

After Wednesday's close, Guess? reported second-quarter earnings of $42.9 million, or 49 cents a share, on revenue of $635.4 million, missing Wall Street's consensus estimate for a profit of 50 cents a share in the July-ended quarter.

The company said business was weak in North America where retail revenue fell 3% year-over-year and same-store sales dropped 8.5%.

"While store traffic remained down in North America, our strategy to elevate our women's business appears to be working," said Paul Marciano, the CEO of Guess?. "We are now focused on driving improvements in accessories, which has become increasingly competitive, and are also developing plans to refine our North American strategy where necessary to remain competitive. Our European business remained stable, as we grew in newer markets in the north and east, while economic conditions continued to affect consumers, particularly in the south."

For its fiscal third quarter ending in October, Guess? sees earnings of 42 to 46 cents a share on revenue ranging from $620 million to $630 million. That view is well below the current consensus estimate for a profit of 61 cents a share in the third quarter on revenue of $661.7 million.

For the full year ending in January, the company now sees earnings of $2.15 to $2.30 a share on revenue ranging from $2.62 billion to $2.65 billion. The average analysts' estimate is for earnings of $2.53 a share on revenue of $2.69 billion.

The stock closed Wednesday's regular session at $33.54, and was trading down more than 16% in after-hours action.

-- Written by Michael Baron in New York.

>To contact the writer of this article, click here: Michael Baron.
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AKS $2.38 3.30%
HAIN $42.70 0.87%
HPQ $12.55 -0.48%
SWY $35.10 -0.11%
X $8.07 -0.12%


Chart of I:DJI
DOW 17,719.92 -78.57 -0.44%
S&P 500 2,080.41 -9.70 -0.46%
NASDAQ 5,108.6660 -18.8590 -0.37%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs