Body Central Earnings: Here’s Why Investors are Excited Now
Body Central Corp. (NASDAQ:BODY) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.02%.
Body Central Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 52.78% to $0.17 in the quarter versus EPS of $0.36 in the year-earlier quarter.
Revenue: Decreased 1.55% to $81.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Body Central Corp. reported adjusted EPS income of $0.17 per share. By that measure, the company missed the mean analyst estimate of $0.18. It missed the average revenue estimate of $85.86 million.
Quoting Management: Brian Woolf, Body Central’s CEO, stated: “Our first quarter results were consistent with our expectations for sales and earnings. While we have made progress towards improving our product assortment, we still expect sales challenges and margin pressure in the second quarter as we work through the legacy inventory and orders prior to transitioning to our fall floor set. We are pleased to announce that we appointed Michael Millonzi as our SVP of Store Operations, Edward Jekot as our VP of Brand Presentation and Barry Landau as VP of Planning & Allocations. We continue to be intently focused on our major initiatives: building the brand, improving the shopping experience for our customers, and creating a true omni-channel retail business. We remain optimistic about our ability to produce improved sales and earnings as we move through the second half of this year.”
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