Also
* Staples Inc., the No. 1 specialty office supplies retailer, said quarterly profit rose 19%, driven by market share gains in North America and strong back-to-school sales.
Net income for the quarter ended July 29 rose to $161.2 million, or 22 cents a share, from $135.2 million, or 18 cents, a year earlier. The results matched analysts’ estimates. Sales rose 12% to $3.88 billion.
Strong traffic boosted sales 4% at North American retail stores open at least a year. Mobile computing products, core office supplies, ink and toner products and copy and print services showed strength. Staples is based in Framingham, Mass.
* Citing robust sales of its Hollister line of surf wear for teens, Abercrombie & Fitch Co. said profit rose a higher-than-expected 14% in the second quarter to $65.7 million, or 72 cents a share, from $57.4 million, or 63 cents, a year ago. Sales grew 15% to $658.6 million. Sales at stores open at least a year rose 3%.
* Auto parts retailer Pep Boys -- Manny Moe & Jack said fiscal second-quarter earnings rose 30% to $1.35 million, or 3 cents a share, from $1.04 million, or 2 cents, a year earlier. Sales were little changed at $578.6 million. The company didn’t report same-store sales.
* Teen retailer American Eagle Outfitters Inc. said second-quarter profit rose 24% to $72.1 million, or 47 cents a share, compared with $58 million, or 37 cents, in the year-earlier period. Sales rose 17% to $602.3 million, and same-store sales rose 10%.
* Luxury retailer Saks Inc. posted a second-quarter loss, reversing a year-earlier profit, because of sharply lower revenue after the sale of some stores.
For the quarter, the company’s loss totaled $51.9 million, or 38 cents a share, compared with prior-year profit of $8.2 million, or 6 cents. Revenue fell 37% to $760.7 million. Same-store sales rose 2.9%.
* Off-price retailer TJX Cos., which operates the TJ Maxx and Marshalls chains, posted its best second-quarter profit, earning $138 million, or 29 cents a share, compared with $110.8 million, or 23 cents, a year earlier. Sales rose 9% to $4 billion. Same-store sales increased 4%.
The results beat the consensus forecast of analysts.
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