New York & Company
The 10-second takeaway
For the quarter ended April 28 (Q1), New York & Company met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share improved to zero.
Margins expanded across the board.
New York & Company logged revenue of $227.7 million. The five analysts polled by S&P Capital IQ hoped for sales of $227.0 million on the same basis. GAAP reported sales were 4.9% lower than the prior-year quarter's $239.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.00. The two earnings estimates compiled by S&P Capital IQ anticipated -$0.09 per share. GAAP EPS were zero versus the prior-year quarter's -$0.06.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 28.3%, 240 basis points better than the prior-year quarter. Operating margin was 0.0%, 150 basis points better than the prior-year quarter. Net margin was -0.1%, 140 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $220.8 million. On the bottom line, the average EPS estimate is -$0.17.
Next year's average estimate for revenue is $948.3 million. The average EPS estimate is -$0.13.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 297 members out of 346 rating the stock outperform, and 49 members rating it underperform. Among 101 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 88 give New York & Company a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on New York & Company is outperform, with an average price target of $4.22.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Motley Fool newsletter services have recommended buying shares of New York & Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.