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BUSINESS BRIEFS.(TO THE POINT)
RETAIL
Best Buy raises Q4 net guidance
The No. 1 consumer electronics chain said sales are still on plan, but profit should beat analyst views of a 55% rise to $1.38 a share. Best Buy in Jan. raised its outlook to $1.35-$1.40 from $1.25-$1.30. Best Buy had fallen, in part due to warnings from rivals Circuit City and Tweeter Home. Best Buy rose 1.70, or 3%, to 67.40 on Thursday.
Limited, Intimate Brands up in Q4
Strong holiday sales and improved margins lifted the retailers' results. But both remain cautious on Q1 and '02 forecasts. The Limited owns 84% of Intimate Brands, owner of Victoria's Secret. It aims to buy the remaining 16% for $1.4 bil. The Limited earned 75 cents in Q4, up 36% and 2 cents above views. Intimate Brands earned 61 cents, up 3% and 2 cents over targets.
Tiffany's Q4 down, warns for Q1
The luxury jeweler earned 58 cents, up 4% and 2 cents above targets. Tiffany cut its outlook after Sept. 11. Sales fell 2% to $565.8 mil and same-store sales slid 3%. Same-store sales at its flagship New York store fell 13%. Tiffany sees ...
- LIMITED WELCOMES IBI BACK TO COMPANY FOLD.(Intimate Brands Inc. merging into...
- Magazine article from: WWD February 5, 2002 700+ words
...Inc. is merging its Intimate Brands subsidiary back into...Limited also expects Intimate Brands to report fourth...49 per share. At Intimate Brands, The Limited expects...earnings per share of 10 cents. For the year, the...
- Limited hits the road to push stock sale of intimates, bath. (Intimate Brands)
- Magazine article from: WWD Ryan, Thomas J. October 3, 1995 700+ words
...has been renamed Intimate Brands. The prospectus...million, or 17 cents a share, in the...Limited to include Intimate Brands in its consolidated...free spinoff. Intimate Brands plans to pay a 48 cent annual dividend...
- Intimate Brands Reports June Sales Increase of 38% On Comparable Sales Gain of...
- Press release article from: PR Newswire July 9, 1997 700+ words
...PRNewswire/ -- Intimate Brands, Inc. (NYSE: IBI...22 per share by two cents. He also said that...annual sale, all Intimate Brands' businesses met or...plans for the period. Intimate Brands, Inc. is a leading...
- IBI comp-store volume increases 28% in January. (Intimate Brands Inc.)(Brief...
- Magazine article from: WWD February 5, 1998 700+ words
...per share of 79 cents, a 22 percent...Street was expecting Intimate Brands to earn 77 cents. In the fourth...IBI netted 65 cents a share, before a 3-cent charge for the...Penhaligon's. Intimate Brands stock rose 5...
- LIMITED, IBI IN RED FOR QUARTER.(Intimate Brands)(Brief Article)(Statistical...
- Magazine article from: WWD Weitzman, Jennifer Young, Vicki M. November 21, 2001 700+ words
...to $53.3 million, or 12 cents a diluted share. Sales were...with consensus estimates of 52 cents in the current quarter, with...low-double-digit range. Intimate Brands Inc. , which is 84 percent...of $10.7 million, or 2 cents a diluted share, matching...
- IBI, LIMITED TAKE HITS.(Intimate Brands Inc., Limited Inc.)(Brief...
- Magazine article from: WWD Weitzman, Jennifer August 24, 2001 700+ words
...Limited and its Intimate Brands Inc. offshoot dropped...majority owner of Intimate Brands -- has spent the...million, or 16 cents a share, from...4 million, or 8 cents a share, with the...1 million, or 8 cent a share, gain realized...
- Intimate Brands net increases 30.3 percent.(third quarter 1997)(Brief Article)
- Magazine article from: WWD November 13, 1997 700+ words
...through another strong quarter, Intimate Brands Inc. said Wednesday that third...percent to $35.4 million, or 14 cents a share. In the year-ago quarter...Inc., which owns 83 percent of Intimate Brands. "Both the Victoria's Secret...
- IBI net up 27 percent in 2nd quarter. (Intimate Brands Inc., 1997)(Brief...
- Magazine article from: WWD August 14, 1997 700+ words
...selling space, Intimate Brands Inc. said second...million, or 24 cents, from $48.1...million, or 37 cents, from $73.3 million, or 29 cents. Sales climbed...store increase. Intimate Brands is 83 percent owned...