New York & Company
The 10-second takeaway
For the quarter ended May 4 (Q1), New York & Company beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged. Non-GAAP earnings per share grew. GAAP earnings per share expanded.
Margins expanded across the board.
New York & Company recorded revenue of $227.5 million. The six analysts polled by S&P Capital IQ looked for revenue of $219.5 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.02. The six earnings estimates compiled by S&P Capital IQ predicted -$0.07 per share. Non-GAAP EPS of $0.02 for Q1 were much higher than the prior-year quarter's $0.00 per share. GAAP EPS of $0.03 for Q1 were much higher than the prior-year quarter's $0.00 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 29.2%, 90 basis points better than the prior-year quarter. Operating margin was 0.5%, 50 basis points better than the prior-year quarter. Net margin was 0.7%, 80 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $230.2 million. On the bottom line, the average EPS estimate is -$0.01.
Next year's average estimate for revenue is $977.7 million. The average EPS estimate is $0.23.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 297 members out of 344 rating the stock outperform, and 47 members rating it underperform. Among 94 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 86 give New York & Company a green thumbs-up, and eight 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 $5.25.
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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. The Motley Fool has no position in any of the stocks mentioned. 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.