Reporting his company's best-ever first-quarter earnings, Kirkland's CEO Robert Alderson says the home decor retailer will begin opening more stores this summer and grow its total square footage by 15 percent in the coming fiscal year. Shares of Kirkland's (Ticker: KIRK) are down about 1 percent this afternoon.
May 18, 2010 1:36 PM
Investors are not at all impressed by yesterday's Cumberland Pharmaceuticals earnings: The stock (Ticker: CPIX) is down almost 15 percent today, easily setting a new post-IPO low. The beating is in spite of a reluctant-sounding 'buy' reiteration from UBS analyst Marc Goodman, who did take down his price target and questioned the company's approach to marketing its new Caldolor drug.
May 14, 2010 1:59 PM
O'Charley's CEO Jeff Warne yesterday told analyst how his team plans to tackle the sales challenges that cost the Nashville-based restaurant chain a sixth off its market cap and appear to have actually worsened a bit early in Q2. The main adjustment is a(nother) menu tweak: Customers who weren't biting on appetizers that were only 50 cents cheaper than several entrees will on Monday have the option of a $4 chips-and-cheese dip combo. The push toward cheaper options bit the company's margins in the first quarter, but Warne said his group has now hit on the right price-profit mix to hammer away with.
We’re in recovery mode here and we’re going to put this value message out there and we think it can last a good long time. And if you really look at what we’re doing at Ninety Nine, we put the value message really into the permanent menu.O'Charley's also will spend more on marketing — putting to work last year's marketing research spending that was "many times more than we have ever spent previously" — via a TV campaign that will roll out late this month. Check out the full call transcript here.
May 14, 2010 7:19 AM
First-quarter earnings at CVS Caremark rose 4.5 percent to $771, but that was due entirely to the company's retail pharmacies. Operating profits at its Caremark pharmacy benefit management unit were flat at $538 million even though sales rose 2.6 percent to $11.8 billion. CVS (Ticker: CVS) did, however, raise its earnings guidance slightly.
May 4, 2010 11:39 AM
This one could take a few more days to shake out: Investors sold big Monday when Gaylord Entertainment told them its Opryland jewel is out of action for several months. But after-hours trading — albeit on super-light volume of just 2,344 shares — restored the stock to its opening levels, presumably because the company said its headline trends are positive.
May 4, 2010 7:16 AM
CBL & Associates, the owner of CoolSprings Galleria, Hickory Hollow and RiverGate Mall, posted a first-quarter profit of $10.9 million, more than six times its year-ago number. Per-share earnings beat the Street by 3 cents as same-store sales at the company's properties rose 4.7 percent. The company also signed more than 1 million square feet of new leases during the quarter.
Apr 29, 2010 9:51 AM
Nashville Bank & Trust posted a first-quarter profit of $200,000, a 61 percent rise the first three months of 2009. Assets and deposits have both risen about 15 percent in the past, during which seven-year-old Nashville B&T has earned about $750,000.
Apr 28, 2010 1:24 PM
Mississippi-based Cadence Financial trimmed its Middle Tennessee loan book by about 4 percent during the first quarter, ending at about $126 million. A year ago, that number stood at about $220 million, but like a number of its peers, Cadence is retreating big time from real estate lending. The regional bank, whose CEO three months ago singled out the Nashville area as a particular source of frustration, did however continue to grow its local deposits. Those ended March at about $93 million, up from $80 million a year ago.
Apr 27, 2010 10:58 AM
Nashville-based Cat Financial posted first-quarter earnings of $53 million, up 4 percent from year-ago numbers that included a $22 million writedown. Revenues fell 9 percent to $631 million as total assets fell 9 percent. This time around, the bottom line benefited from currency-related gains and higher yields but was hurt by $11 million in equipment returns and a larger loss provision. Credit quality remains an issue but CEO Kent Adams said the 15 percent rise in new financings bodes well for the rest of 2010.
More recently, however, we've been encouraged by signs of improving economic conditions and expect that portfolio performance will gradually improve over the balance of the year.
Apr 26, 2010 1:33 PM
First-quarter earnings at Franklin Synergy Bank rose to $396,000, almost a third more than a year ago and four times the two-year-old bank's Q4 performance. Assets rose four percent during the quarter, loans about 2 percent. CEO Richard Herrington and his team also raised $6.5 million in new capital last month.
Apr 26, 2010 12:06 PM
POSTDATA: WARRANTY DEEDS