Last $48.00 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

belk inc-cl b (BLKIB) Snapshot

Open
$48.00
Previous Close
$48.00
Day High
$48.00
Day Low
$48.00
52 Week High
08/20/14 - $85.00
52 Week Low
08/15/14 - $46.25
Market Cap
1.9B
Average Volume 10 Days
0.0
EPS TTM
$3.35
Shares Outstanding
940.7K
EX-Date
04/24/14
P/E TM
14.3x
Dividend
$0.80
Dividend Yield
1.68%
Current Stock Chart for BELK INC-CL B (BLKIB)

belk inc-cl b (BLKIB) Related Bloomberg News

View More Bloomberg News

belk inc-cl b (BLKIB) Related Businessweek News

No Related Businessweek News Found

belk inc-cl b (BLKIB) Details

Belk, Inc., together with its subsidiaries, owns and operates department stores in the United States. Its stores offer fashion apparel, shoes, and accessories for women, men, and children; sportswear for women; and cosmetics, home furnishings, house wares, fine jewelry, gifts, handbags, scarves, small leather goods, denims, and other merchandise. The company also sells its products through its Website, belk.com, as well as provides equipment maintenance services to third parties. As of July 9, 2014, it operated 299 stores in 16 states. Belk, Inc. was founded in 1888 and is headquartered in Charlotte, North Carolina.

24,700 Employees
Last Reported Date: 04/15/14
Founded in 1888

belk inc-cl b (BLKIB) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $1.1M
President, Chief Operating Officer, Director ...
Total Annual Compensation: $881.2K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $575.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $701.0K
Consultant
Total Annual Compensation: $153.7K
Compensation as of Fiscal Year 2014.

belk inc-cl b (BLKIB) Key Developments

Belk Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 1, 2014

Belk Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended November 1, 2014. For the quarter, revenues were $859.5 million against $860.7 million a year ago. Operating loss was $0.8 million against operating income of $15.0 million a year ago. Loss before income tax was $12.2 million against income before income tax of $4.3 million a year ago. Net loss was $8.2 million against net income of $3.6 million a year ago. Net loss excluding non-comparable items was $8.5 million against income of $4.6 million a year ago. On a comparable store basis, negative net sales were 0.8%. For the nine months, revenues were $2,721.1 million against $2,716.0 million a year ago. Operating income was $99.1 million against $128.2 million a year ago. Income before income tax was $64.5 million against $95.6 million a year ago. Net income was $41.7 million against $62.2 million a year ago. Net income excluding non-comparable items was $40.9 million against $63.6 million a year ago. On a comparable store sales basis, negative sales were 0.1%.

Belk, Inc. Enters into Fourth Amended and Restated Credit Agreement

Belk Inc. and its subsidiaries entered into a fourth amended and restated credit agreement under which the company may borrow up to $500 million if certain conditions are satisfied. The new facility recast its existing $350 million senior unsecured revolving line of credit, dated November 22, 2010 by: increasing the size by $150 million to $500 million. Extending the maturity date from November 23, 2015 to October 22, 2019. Reducing the per annum variable interest rate spread and other fees. Providing for the expansion of the new facility by an additional $200 million for a total available of $700 million, subject to receipt of additional commitments from lenders and other customary conditions.

Belk Inc. Announces Unaudited Consolidated Financial Results for the Fiscal Second Quarter and Six Months Ended August 2, 2014

Belk Inc. announced unaudited consolidated financial results for its fiscal second quarter and six months ended August 2, 2014. Net sales for the 13-week period increased 0.8% to $906.5 million compared to the prior-year period. On a comparable store basis, net sales increased 0.6%. Second quarter net income increased 0.3% to $30.6 million compared to the same prior-year period. Net income excluding non-comparable items totaled $30.0 million compared to $30.9 million in the prior year period. Operating income was $58.8 million against $58.7 million a year ago. Income before income taxes was $47.1 million against $47.6 million a year ago. Year-to-date sales increased 0.3% to $1.86 billion compared to the same 26-week period last year. On a comparable store sales basis, sales increased 0.2%. Net income year-to-date was $49.9 million compared to $58.7 million for the same 26-week period last year. The decrease was due primarily to higher expense associated with the company's investments in strategic initiatives. Operating income was $99.9 million against $113.2 million a year ago. Income before income taxes was $76.6 million against $91.3 million a year ago.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
BLKIB:US $48.00 USD 0.00

BLKIB Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Dillard's Inc $115.66 USD -3.37
Emerson Radio Corp $1.10 USD +0.07
Skullcandy Inc $8.78 USD -0.04
VOXX International Corp $8.68 USD +0.24
View Industry Companies
 

Industry Analysis

BLKIB

Industry Average

Valuation BLKIB Industry Range
Price/Earnings 14.5x
Price/Sales 0.5x
Price/Book 1.5x
Price/Cash Flow 13.8x
TEV/Sales 0.3x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact BELK INC-CL B, please visit www.belk.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.