Stocks in Motion: Warnaco

The apparel maker's 2005 sales come in below expectations.
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Shares of

Warnaco

(WRNC)

were among the

Nasdaq's

losers Tuesday, tumbling 10% after the apparel company said 2005 sales fell short of its forecast.

Warnaco said it expects 2005 revenue to be about $1.5 billion, a 4.7% increase over fiscal 2004. The company had targeted high single-digit growth. According to Thomson First Call, analysts had an average estimate for revenue of $1.54 billion. Warnaco attributed the lower-than-expected top line to a decrease in sales of higher-margin swimwear, fewer-than-expected replenishment orders of intimate apparel, sportswear and denim, and an inability to meet demand for certain intimate apparel products.

Due to the loss of higher margin sales and end-of-season markdowns, the company expects its gross profit to be up less than the targeted 100 basis points from the prior year. For 2006, Warnaco expects revenue growth for its existing businesses to be similar to 2005. Shares recently were down $2.87 to $25.05.

Another apparel company,

Phillips Van-Heusen

(PVH) - Get Report

, saw its shares jump after raising its fourth-quarter outlook. The company estimated fourth-quarter earnings to be 35 cents to 37 cents a share. Its earlier forecast, as well as analysts' mean estimate, called for a profit of 28 cents a share. Phillips Van-Heusen sees sales of $470 million to $475 million, up from a November projection of $455 million to $460 million. Wall Street expected revenue of $457 million. The company said that third-quarter momentum continued through the Christmas and post-Christmas selling season, with its wholesale, retail and Calvin Klein licensing businesses all performing better than plan. Shares recently gained $2.35, or 7%, to $35.80.

NBTY

(NTY)

gave a first-quarter sales projection that topped Wall Street's forecast, sending the nutritional supplement maker's shares up 8%. For the quarter ended Dec. 31, the company expects to report sales of $458 million, which is above analysts' average estimate of $441 million. For 2004, NBTY posted sales of $420 million. The growth was led by the company's wholesale/U.S. nutrition division, which saw a 27% sales gain. Shares were trading up $1.23 to $17.28.

Shares of

Supervalu

(SVU)

rose 4% after the grocery store operator's fiscal third-quarter profit beat analysts' expectations. For the quarter ended Dec. 3, Supervalu earned $75.2 million, or 53 cents a share, up from $64.9 million, or 46 cents a share, a year earlier. The latest quarter's results included charges totaling $6.4 million, or 4 cents a share, while year-earlier earnings included charges of $12.8 million, or 9 cents a share. Analysts were looking for earnings of 50 cents a share for the recent quarter. Supervalu's sales rose to $4.69 billion from $4.56 billion a year earlier, beating analysts' estimate of $4.63 billion.

For the full fiscal year, Supervalu sees earnings of $1.89 to $1.94 a share, including charges of 43 cents a share related to store sales, start-up costs, Hurricane Katrina and terminated acquisition activities. First Call's average analyst estimate, which usually excludes charges, calls for earnings of $2.25 a share. Supervalu shares were up $1.28 to $34.10.

California Pizza Kitchen

(CPKI)

shares fell about 3% after the restaurant operator tempered its fourth-quarter earnings projection, citing remodeling costs and hurricane-related store closures. The company expects to report fourth-quarter earnings of 29 cents a share, before items, which is down from its October prediction of 30 cents to 31 cents a share. Analysts expected earnings of 32 cents a share. The company said two major remodeling projects and hurricane-related closures cut earnings by 2 cents a share. California Pizza's fourth-quarter revenue rose to $125.4 million from $115.2 million a year earlier, while same-store sales increased 5.3%.

For 2006, the company still expects earnings of $1.35 to $1.39 a share and same-store sales growth of 5% to 6%. Analysts predict 2006 earnings of $1.38 a share. California Pizza shares were lower by $1.12 to $32.81.

NYSE

volume leaders Tuesday were

EMC

(EMC)

, down 30 cents to $13.30;

Lucent

(LU)

, down 3 cents to $2.70;

Pfizer

(PFE) - Get Report

, down 30 cents to $24.55;

General Motors

(GM) - Get Report

, unchanged at $22.41;

Alcoa

(AA) - Get Report

, down $1.11 to $29.46;

Computer Associates

(CA) - Get Report

, down 45 cents to $28.59;

GTech

(GTK)

, down 37 cents to $33.13;

Nokia

(NOK) - Get Report

, down 22 cents to $19.28;

Hughes Supply

(HUG)

, up $6.98 to $45.53; and

Ford

(F) - Get Report

, up 18 cents to $8.80.

Nasdaq's heavily traded stocks included

Cisco

(CSCO) - Get Report

, down 3 cents to $19.03;

Apple

(AAPL) - Get Report

, up $3.45 to $79.50;

Microsoft

(MSFT) - Get Report

, down 10 cents to $26.76;

Sun Microsystems

(SUNW) - Get Report

, down 10 cents to $4.54;

Conexant

(CNXT) - Get Report

, up 17 cents to $2.80;

Sirius Satellite Radio

(SIRI) - Get Report

, down 5 cents to $6.52; and

Oracle

(ORCL) - Get Report

, down 19 cents to $12.69.