Guess?, Inc. (NYSE:GES) reported financial results for its first quarter ended May 3, 2014. For the first quarter of fiscal 2015, the Company recorded a net loss of $2.1 million, compared to adjusted net earnings of $11.7 million for the first quarter of fiscal 2014. Diluted loss per share was $0.03, compared to adjusted diluted earnings per share of $0.14 for the prior-year quarter, a decrease of $0.17 per share. The prior-year adjusted net earnings excluded restructuring charges of $2.3 million ($1.8 million net of taxes). On a GAAP basis, prior-year first quarter net earnings were $9.9 million and diluted earnings per share totaled $0.12, including an unfavorable $0.02 after-tax impact from the restructuring charges. Guess?, Inc. (NYSE:GES) net profit margin is 6.30% and weekly performance is -4.85%. On last trading day company shares ended up $25.50. Analysts mean target price for the company is $28.19. Guess?, Inc. (NYSE:GES) distance from 50-day simple moving average (SMA50) is -7.22%.
Wet Seal Inc. (NASDAQ:WTSL)’s first-quarter fiscal 2014 adjusted loss of 18 cents per share was in line with the Zacks Consensus Estimate and within the management’s guidance range of a loss 16 to 19 cents. However, it was wider than loss of 1 cent incurred in the year-ago quarter due to weak top line. Wet Seal’s net sales in the reported quarter slipped 16.9% to $116.7 million from $140.4 million in the prior-year period due to lower comparable store sales (comps) during the quarter. Net sales marginally missed the Zacks Consensus Estimate of $117.0 million. The Wet Seal, Inc. (NASDAQ:WTSL) shares fell -2.64 % in last trading session and ended the day on $0.840. Gross Margin is 25.50% and its return on assets is -18.10%. The Wet Seal, Inc. (NASDAQ:WTSL) quarterly performance is -55.79%.
On May 28, Urban Outfitters Inc. (NASDAQ:URBN) announced a share repurchase program of 10 million shares. Prior to this, the company completely exhausted its 10 million share buyback program authorized in August last year by its board of directors. Urban Outfitters, Inc. (NASDAQ:URBN) shares moved up 0.75% in last trading session and was closed at $33.52, while trading in range of $33.15 – $33.55. Urban Outfitters, Inc. (NASDAQ:URBN) year to date (YTD) performance is -9.65%.
Susquehanna downgraded shares of DSW Inc (NYSE:DSW) from a positive rating to a neutral rating in a research note released on Thursday morning,TheFlyOnTheWall.com reports. They currently have $26.00 target price on the stock, down from their previous target price of $45.00. DSW Inc. (NYSE:DSW) ended the last trading day at $25.05. Company weekly volatility is calculated as 4.57 % and price to cash ratio as 6.75. DSW Inc. (NYSE:DSW) showed a negative weekly performance of -24.98%.
Chico’s FAS, Inc. (NYSE:CHS) posted disappointing first-quarter fiscal 2014 results. The company’s earnings per share of 26 cents for the first quarter were approximately 18.8% lower than the year-ago comparable period adjusted earnings of 32 cents. The prior period adjusted earnings exclude the charge of a penny per share related to non-recurring acquisition and integration costs. Chico’s FAS, Inc. (NYSE:CHS) net profit margin is 8.00 % and weekly performance is -2.88%. On last trading day company shares ended up $15.16. Analysts mean target price for the company is $18.94. Chico’s FAS, Inc. (NYSE:CHS) distance from 50-day simple moving average (SMA50) is -4.99%.