New York & Company
The 10-second takeaway
For the quarter ended Feb. 2 (Q4), New York & Company beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share grew. GAAP earnings per share expanded.
Gross margins dropped, operating margins increased, net margins increased.
New York & Company logged revenue of $291.8 million. The seven analysts polled by S&P Capital IQ foresaw a top line of $287.5 million on the same basis. GAAP reported sales were 7.3% higher than the prior-year quarter's $271.8 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 $0.10. The seven earnings estimates compiled by S&P Capital IQ predicted $0.08 per share. Non-GAAP EPS were $0.10 for Q4 against -$0.14 per share for the prior-year quarter. GAAP EPS were $0.17 for Q4 against -$0.18 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 28.0%, much worse than the prior-year quarter. Operating margin was 3.6%, 680 basis points better than the prior-year quarter. Net margin was 3.6%, 760 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $226.4 million. On the bottom line, the average EPS estimate is -$0.07.
Next year's average estimate for revenue is $977.5 million. The average EPS estimate is -$0.04.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 300 members out of 347 rating the stock outperform, and 47 members rating it underperform. Among 99 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 92 give New York & Company a green thumbs-up, and seven 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 $4.52.
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