Nautilus avoids NYSE de-listing
The New York Stock Exchange has accepted Nautilus’ (NYSE: NLS) plan of compliance for continued listing on the NYSE, the company reported. As a result, the company’s stock will continue to be listed on the NYSE, subject to quarterly reviews by the stock exchange to monitor the company’s progress toward the plan through the first quarter of 2012.
Q3 profit climbs 29 percent for Collective Brands
Collective Brands (NYSE: PSS), parent of Hind, Saucony and Sperry Top-Sider, said its third-quarter profit increased 29 percent as revenue rose slightly.
For the quarter ended Oct. 30, earning were $47.6 million, or $0.75 per share, compared with $36.9 million, or $0.57 per share, in the year-ago quarter.
Revenue rose 2 percent to $881.8 million.
Collective Brands said sales from its PLG Wholesale unit climbed 27 percent, helped by growth from all its brands, including Sperry Top-Sider and Saucony.
Over the long term, the company said it has set a target to grow earnings per share approximately 12 percent to 16 percent annually. This would be driven by 3 percent to 5 percent net sales growth and 9 percent to 12 percent operating profit growth.
Costco’s Nov. sales up 9 percent
Costco Wholesale (Nasdaq: COST) said its November same-store sales rose 9 percent, helped by the weaker dollar and higher gas prices.
The indicator rose 7 percent for U.S. stores and 13 percent for Costco stores in other countries for the four weeks that ended Nov. 28.
Excluding the effect of higher gas prices and the weaker dollar, revenue in stores open at least a year rose 6 percent.
The chain's total revenue for the four weeks rose 12 percent to $6.78 billion, including Costco's joint venture in Mexico. Excluding those stores, revenue rose 9 percent.
--Compiled by Wendy Geister
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