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Monday
lululemon athletica (NASDAQ:LULU): Comparable-store sales for Q4 are predicted to show a low- to mid-twenties percentage increase on a constant-dollar basis. This compares to the company’s previous guidance for Q4 of low- to mid-teens comparable-store sales.
Tiffany (NYSE:TIF) dropped its full-year EPS guidance to $3.60-$3.65 from its previous outlook of $3.70-$3.80. Analysts’ consensus estimate was $3.76. The luxury retailer claimed that during the two months ended December 31 its sales had slumped markedly in the U.S. and Europe. However, the company’s holiday sales still rose 7 percent year-over-year, and its same-store sales increased 4 percent. Tiffany CEO Michael Kowalski said, “We remain confident of our ability to expand our worldwide presence, to serve the growing global demand for Tiffany products and to achieve a solid rate of annual growth in sales and earnings in 2012.” Tiffany fell $6.99, or 10.44 percent, in early trading to $59.95. Other luxury retailers also dropped, with Saks (NYSE:SKS) declining 2.79 percent to $9.41 and Nordstrom (NYSE:JWN) down 0.99 percent to $49.17.
RBC forecasts that bank stocks could climb 20 percent to 25 percent in 2012, and Fifth Third Bancorp (NASDAQ:FITB) is one of analyst Gerard Cassidy’s top picks for 2012.
JetBlue Airways (NASDAQ:JBLU): American (NYSE:AMR), Delta (NYSE:DAL), United (NYSE:UAL) and US Airways (NYSE:LCC) have all tacked a $3 fee onto flights to Europe, as a means of offsetting the expense of a rigorous new European emission plan, The Los Angeles Times reported.
Green Mountain Coffee Roasters (NASDAQ:GMCR) announced it will reveal financial results for its fiscal 2012 first quarter in a press release following the close of the financial markets on Feb. 1, 2012.
Further Reading: BlackBerry: Staring at the Face of Extinction>>
Tuesday
SUPERVALU’s (NYSE:SVU) loss expanded to $750 million ($3.54 per diluted share) from $202 million (loss of 95 cents per share) in the same quarter a year before. Revenue slipped 4 percent to $8.33 billion from the year earlier quarter. Same-store sales growth was -2.5-3 percent.
Crocs, Inc. (NASDAQ:CROX) foresees a bright future, with the company’s announcement that it expects annual revenue for fiscal 2011 to exceed $1 billion for the first time when year-end results are reported. Revenue is believed to be at the top end of the earlier guidance of $200-205 million for the fourth quarter of 2011. I/B/E/S Estimates report that analysts predict Crocs will announce revenue of $1 billion for fiscal 2011, with $204 million in Q4.
Citing “not enough merchandise traction” and “too much management flux,” Citi lowered Urban Outfitters, Inc. (NASDAQ:URBN) to sell from buy and cuts its price target to $20 from $34.
Lennar Corporation (NYSE:LEN): The residential construction company’s net income dipped to $30.3 million (16 cents per share) versus $32 million (17 cents per share) a year earlier – a 5.5 percent fall from the year earlier quarter. Revenue climbed 10.8 percent to $952.7 million from the year earlier quarter, but the company still missed Wall Street’s mark by $0.01.
Shares of Textron Inc. (NYSE:TXT) is thinking about spinoff options. M&A buzz says GE (NYSE:GE) is one possible bidder.
Wednesday
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