{"id":44898,"date":"2013-12-03T13:26:34","date_gmt":"2013-12-03T18:26:34","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=44898"},"modified":"2013-12-03T10:27:36","modified_gmt":"2013-12-03T15:27:36","slug":"four-companies-earnings-growth-shines","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/12\/03\/four-companies-earnings-growth-shines\/","title":{"rendered":"Four Companies with Earnings Growth That Shines"},"content":{"rendered":"

By Mitchell Clark, B.Comm.<\/a><\/span><\/strong><\/p>\n

There are still a lot of companies that are reporting quarterly earnings and, in many cases, the numbers are pretty decent. Let\u2019s look at some of the winners.<\/p>\n

The iconic jewelry brand Tiffany & Co. (NYSE\/TIF) reported outstanding quarterly earnings<\/a> growth of 50% due to significant sales strength and margin expansion from the Asia-Pacific region. The company\u2019s American stores saw total sales grow four percent to $417 million, with European sales growing a surprising seven percent to $104 million.<\/p>\n

Tiffany & Co. boosted its full-year earnings outlook for its fiscal year ending January 31, 2014, and the stock jumped seven points on the news, closing at a new all-time record high.<\/p>\n

Much smaller Movado Group, Inc. (NYSE\/MOV), which is based in Paramus, New Jersey, reported an 18.4% increase in third-quarter sales to $189.7 million.<\/p>\n

The company\u2019s quarter earnings fell comparatively due to a tax provision, but income before taxes grew to $34.0 million from $25.0 million in the same quarter last year.<\/p>\n

Movado beat Wall Street consensus and tightened its guidance to the high end of its previous outlook.<\/p>\n

Higher-end retailers like Tiffany & Co. aren\u2019t representative of a general trend, but La-Z-Boy Incorporated (NYSE\/LZB) recently shot way up on the stock market after reporting that consolidated sales grew 14% to $366 million in its most recent quarter.<\/p>\n

Earnings for the quarter more than doubled. The company boosted its quarterly dividend by a whopping 50% and the stock soared on the news.<\/p>\n

Even The TJX Companies, Inc. (NYSE\/TJX), which consists of \u201cT.J. Maxx,\u201d \u201cMarshalls,\u201d \u201cHomeGoods,\u201d \u201cSierra Trading Post,\u201d \u201cHomeSense,\u201d and \u201cWinners,\u201d beat its own expectations with a very solid quarter.<\/p>\n

The company\u2019s sales grew nine percent to $7.0 billion on a five-percent gain in global comparable store sales.<\/p>\n

Earnings were $623.0 million compared to $462.0 million. Diluted earnings per share grew to $0.86 from $0.62, representing an impressive 39% gain. The company\u2019s cash position and total shareholders equity soared and management boosted its full-year outlook, especially for fully diluted earnings per share.<\/p>\n

Things are going to be choppy this holiday season, but I have a feeling retailers are going to surprise to the upside. And even if total sales growth is minimal, we\u2019re getting meaningful margin expansion, which is boosting earnings at a very decent pace.<\/p>\n

It is difficult to discern a trend in retail numbers. But from the investor\u2019s perspective, the numbers are the numbers. For these companies, the earnings speak for themselves.<\/p>\n

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This article Four Companies with Earnings Growth That Shines<\/a> is originally publish at Profitconfidential<\/a><\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Mitchell Clark, B.Comm. There are still a lot of companies that are reporting quarterly earnings and, in many cases, the numbers are pretty decent. Let\u2019s look at some of the winners. The iconic jewelry brand Tiffany & Co. (NYSE\/TIF) reported outstanding quarterly earnings growth of 50% due to significant sales strength and margin expansion … <\/p>\n

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