Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Cache Cuts Q4 Earnings View - Quick Facts

RELATED NEWS
Trade CACH now with 
1/12/2012 7:22 AM ET

Cache Inc. (CACH: Quote) updated its fourth-quarter outlook, now expecting earnings per share to be in the range of $0.16 to $0.18, exclusive of any potential asset impairment costs, versus its previous guidance of $0.24 - $0.30. On average, 4 analysts polled by Thomson Reuters estimate earnings per share of $0.24 for the fourth quarter. Analysts' estimates typically exclude one-time items. Also, based on preliminary results, the company said it sees fourth-quarter comparable-store sales to increase 12%, consistent with its original outlook for a comparable-store sales increase in the low double-digit range.

Thomas Reinckens, Chairman and Chief Executive, said: "For the fourth quarter, we achieved 12% comparable sales growth and expect a significant improvement in earnings as compared to the fourth quarter last year, representing a solid finish to a profitable year of growth for Cache. Our performance however, was held back versus our original expectations due to the heightened promotional environment for cold weather assortments, such as sweaters and outwear, in the month of December. This led to increased markdowns and mitigated the strength of our dress and sportswear categories."

For fiscal 2011, the company now expects earnings per share in the range of $0.17 to $0.19, exclusive of any potential asset impairment costs, and comparable-store sales to improve 8%. Four analysts project earnings of $0.25 per share for 2011.

Looking forward to the first quarter of fiscal 2012, earnings per share are currently projected to lie betwen $0.00 and $0.03, and comparable-store sales to increase in the mid to high single-digit range. Cache expects to report results for the fourth quarter and fiscal 2011 the week of March 19, 2012.

Register
To receive FREE breaking news email alerts for Cache Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Data storage solutions provider EMC Corp. (EMC) reported that net income attributable to the company for first-quarter 2014 declined to $392 million or $0.19 per share, from $580 million or $0.26 per share in the same quarter last year. Non-GAAP net income attributable to the company was $728 million... U.K. Chancellor George Osborne achieved his budget deficit target for 2013/14 as buoyant economic growth boosted tax receipts. Data from the Office for National Statistics on Wednesday showed that net borrowing totaled GBP 107.7 billion in the fiscal year ended March 2014, the lowest since the 2008/2009 financial crisis. Thailand's central bank left its key interest rate unchanged on Wednesday, after trimming it in the previous month amid the lingering political impasse. The Monetary Policy Committee of the Bank of Thailand voted 6-1 to leave the main policy rate unchanged at 2 percent, which is the lowest level since December 2010. The decision was in line with economists' expectations.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.