=New York & Co (NWY) reported earnings on Thur 24 May 18 (a/h)

New York & Co reports Q1 results and provides outlook commentary 

• Co reports Q1 EPS of $0.06 vs $0.04 single analyst estimate; revs +4.2% y/y to $218.8 mln vs $218 mln single analyst estimate; Comparable store sales increased 2.7%
• Outlook: Net sales for the full Spring season are expected to be up slightly, reflecting growth in eCommerce and the addition of Fashion to Figure, partially offset by a reduced store count. Non-GAAP operating income for the Spring season is now expected to be in the range of $5 million to $6 million, as compared to non-GAAP operating income of $1.2 million in the prior year period. For the Spring season, the Company has increased its expectations and now expects non-GAAP operating income to be in the range of $5 million to $6 million

-=New York & Co. (NWY) reported earnings on Thur 22 March 18 (a/h)

NEW YORK (AP) _ New York & Co. (NWY) on Thursday reported fiscal fourth-quarter net income of $4.7 million, after reporting a loss in the same period a year earlier.

The New York-based company said it had profit of 7 cents per share. Earnings, adjusted for non-recurring costs, came to 8 cents per share.

The women's fashion and accessories retailer posted revenue of $278.7 million in the period.

For the year, the company reported net income of $5.7 million, or 9 cents per share, swinging to a profit in the period. Revenue was reported as $926.9 million.

In the final minutes of trading on Thursday, the company's shares hit $2.79. A year ago, they were trading at $1.99.

-=New York & Co (NWY) reported earnings on Wed 29 Nov 2017 (a/h)

• New York & Co. posts 3Q profit

NEW YORK (AP) _ New York & Co. (NWY) on Wednesday reported fiscal third-quarter net income of $352,000, after reporting a loss in the same period a year earlier.

On a per-share basis, the New York-based company said it had net income of 1 cent. Earnings, adjusted for severance costs and non-recurring costs, were 2 cents per share.

The women's fashion and accessories retailer posted revenue of $214.2 million in the period.

In the final minutes of trading on Wednesday, the company's shares hit $2.05. A year ago, they were trading at $2.12.

=New York & Co (NWY) reported earnings on Thur 17 Aug 2017 (a/h)

NEW YORK--(BUSINESS WIRE)--

New York & Company, Inc. (NWY), a specialty women’s apparel chain with 460 retail stores, today announced results for the second quarter ended July 29, 2017.

Gregory Scott, New York & Company’s CEO stated: “We are pleased to report better-than-expected second quarter results reflecting a significant increase in both operating income and diluted earnings per share as compared to the fiscal 2016 second quarter. The quarter marked our highest gross margin and operating income since second quarter 2005 and 2008, respectively. We also made progress on our profit improvement objectives which resulted in lower product costs, reductions in occupancy costs, decreases in buying expenses, savings in selling, general and administrative expenses, all while advancing our omni-channel and loyalty initiatives.”

“Most notably in the quarter was the significant improvement in the traffic trends to our NY&CO brick-and-mortar stores, which we attribute to the success of our product and marketing including the launch of Gabrielle Union for 7th Avenue and the continued growth in our Eva Mendes Collection,” continued Mr. Scott. “The quarter also saw the launch of our new private label credit card program, which we expect to lead to increases in consumer loyalty and shopping visits over time. While comparable sales were down slightly, we were pleased to experience continued growth in eCommerce, which increased by a double-digit percentage. In addition, we believe we are positioned well at the start of the third quarter, and we are optimistic that the implementation of our strategies will lead to sustainable long-term sales and profit growth and increased value for our shareholders.”

Second Quarter Fiscal Year 2017 Results (13-weeks ended July 29, 2017 compared to the 13-weeks ended July 30, 2016):

• Net sales were $224.1 million, decreasing 3.7% as compared to $232.8 million in the prior year, reflecting growth in eCommerce, offset by the impact of a lower store count (460 this year versus 486 last year) and decreased comparable store sales.
• Comparable store sales decreased 1.1%, reflecting double-digit percentage growth in eCommerce offset by decreases in comparable store sales in brick-and-mortar stores.
• Gross profit as a percentage of net sales increased 180 basis points to 30.6% versus 28.8% for the fiscal year 2016 second quarter, reflecting the highest gross margin rate achieved in the second quarter since 2005. The increase during the quarter reflects a 30 basis point increase in merchandise margin and a 150 basis point improvement in the leverage of buying and occupancy expenses.
  
  The 30 basis point improvement in merchandise margin was driven by a 100 basis point increase in product margin partially offset by a 70 basis point impact of a $1.4 million increase in shipping costs associated with the growing eCommerce business. The 100 basis point increase in product margin resulted from a $3.5 million increase in royalties under the new private label credit card agreement which contributed to a 70 basis point improvement combined with a 30 basis point improvement in product costs. For the period, royalties under the new private label credit card agreement increased to $6.0 million from $2.5 million in the prior year second quarter.

=New York & Co (NWY) reported earnings on Thur 8/18/16 (a/h)

New York & Co beats by $0.03, beats on revs with comps above guidance; guides Q3 rev above estimates :

• Reports Q2 (Jul) earnings of $0.03 per share, excluding non-recurring items, $0.03 better thanthe two analyst estimate of ($0.00); revenues fell 1.2% year/year to $232.8 mln vs the $226.92 mln two analyst estimate.  '
• Comparable store sales increased 0.3% vs. slightly negative guidance, driven by strength in the Company's eCommerce business and increased royalty and related revenue from its new private label credit card agreement.
• Gross margin +30 bps to 28.8%.
• Outlook: Net sales and comparable store sales are expected to be flat to up in the low single-digit range vs. ests near -1% (net sales). Gross margin is expected to be up by ~50 basis points to 150 basis points reflecting benefits from our new private label credit card agreement, reductions in product costs and agent expenses resulting from Project Excellence, and reductions in occupancy costs, partially offset by increased shipping costs associated with the growing omni-channel business. While operating results on a GAAP basis for the third quarter of fiscal year 2016 are expected to reflect a loss, the Company anticipates that the results will improve from the prior year operating loss of $4.9 million.

=New York & Co. (NWY) reported earnings Thur 19 May 2016 (a/h)

New York & Co falls to seven year low after missing Q1 estimates and guiding Q2 below consensus

New York & Co. (NWY) reported earnings Thur 17 March 2016 (a/h)

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New York & Co misses by $0.02, reports revs in-line; guides Q1 EPS above consensus, revs in-line; Q4 comps +1.9%; sees Q1 comps up low single digits  :

• Reports Q4 (Jan) earnings of $0.01 per share, excluding non-recurring items, $0.02 worse than the Capital IQ Consensus of $0.03; revenues rose 1.5% year/year to $271.3 mln vs the $271.79 mln Capital IQ Consensus. Comparable store sales increased 1.9% and total net sales increased by 1.5%. Gross profit as a percentage of net sales increased 10 basis points to 25.7% versus the fiscal year 2014 fourth quarter gross profit percentage of 25.6%. Total quarter-end inventory decreased 6.4% YoY.
• Co issues guidance for Q1, sees EPS of $0.02-0.04 vs. $0.01 Capital IQ Consensus Estimate; sees Q1 revs of positive low single digits (cons +2.6% YoY) vs. $229.41 mln single analyst estimate.
• Outlook: Net sales and comparable store sales are expected to increase by a low single-digit percentage. Gross margin is expected to increase in the range of 100 - 200 basis points from the prior year's first quarter rate reflecting reductions in product costs. Total inventory at the end of the first quarter is expected to increase in the low single-digit percentage range, reflecting higher levels of in-store inventory as we position inventory for the Mother's Day and early summer selling period.

NWY — is it a buy?

• Is it close to a buy? 

• No. The buy point was more than a month later.

New York & Co. (NWY) reported earnings Wed 2 Dec 2015 (a/h)

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New York & Co misses by $0.04, beats on revs; Q4 sales guidance in-line :

• Reports Q3 (Oct) loss of $0.05 per share, excluding non-recurring items, $0.04 worse than the Capital IQ Consensus of ($0.01); revenues rose 4.5% year/year to $219.8 mln vs the $217.18 mln Capital IQ Consensus. 
• Comparable store sales increased 4.9%.

Q4 Outlook

• Net sales and comparable store sales are expected to increase by a low single-digit percentage (vs +2.7% Cap IQ estimate).
• Gross margin is expected to increase in the range of 50-150 basis points y/y reflecting improved product costs, decreases in markdowns, reductions in buying costs and improved leverage of occupancy costs, partially offset by increased shipping costs associated with the growing omni-channel business.
• Operating results on a GAAP basis for the fourth quarter of fiscal year 2015 are expected to improve significantly, reflecting operating income $1 -3 million.
• Total inventory is expected to increase in the low to mid single-digit percentage range, reflecting higher levels of in-store inventory as position inventory for the Spring selling period.
• Capital expenditures for the fourth quarter of fiscal year 2015 are projected to be between $6 million and $7 million, as compared to $5.8 mln year ago.

NWY — is it a buy?

• +20% in the next 10 days

New York & Co. (NWY) reported earnings Thur 20 Aug 2015 (a/h)

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