Last $3.42 USD
Change Today -0.05 / -1.44%
Volume 89.2K
As of 8:04 PM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

new york & co (NWY) Snapshot

Open
$3.49
Previous Close
$3.47
Day High
$3.49
Day Low
$3.40
52 Week High
08/1/13 - $6.40
52 Week Low
07/18/14 - $3.40
Market Cap
217.7M
Average Volume 10 Days
95.7K
EPS TTM
$0.02
Shares Outstanding
63.7M
EX-Date
--
P/E TM
199.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for NEW YORK & CO (NWY)

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new york & co (NWY) Details

New York & Company, Inc., together with its subsidiaries, operates as a specialty retailer of women’s fashion apparel and accessories in the United States. It offers a merchandise assortment consisting of wear-to-work, casual apparel, and accessories, including pants, dresses, jackets, knit tops, blouses, sweaters, denim, T-shirts, active wear, handbags, and jewelry under the New York & Company, Lerner, Lerner New York, NY Style, City Style, and NY&C brands for women between the ages of 25 and 45. The company sells its merchandise through its network of retail stores and online at nyandcompany.com. As of March 20, 2014, it operated 507 stores in 43 states with 51 outlet stores and 2.6 million selling square feet. New York & Company, Inc., formerly known as NY & Co. Group, Inc., was founded in 1918 and is headquartered in New York, New York.

1,955 Employees
Last Reported Date: 04/15/14
Founded in 1918

new york & co (NWY) Top Compensated Officers

Chief Executive Officer, Director and Chairma...
Total Annual Compensation: $800.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $462.5K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $600.0K
Executive Vice President of Human Resources
Total Annual Compensation: $325.0K
Executive Vice President of Global Sales
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2013.

new york & co (NWY) Key Developments

New York & Company Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended May 3, 2014; Provides Earnings Guidance for the Second Quarter of Fiscal Year 2014

New York & Company Inc. announced unaudited consolidated earnings results for the first quarter ended May 3, 2014. For the first quarter, the company reported net sales of $219.6 million, as compared to $227.5 million for the first quarter of fiscal year 2013. Comparable store sales for the first quarter of fiscal year 2014 decreased 2.2%. Operating income was $0.061 million which was in-line with the company's previously issued guidance and compares to the prior year's first quarter operating income of $1.2 million. Loss before income taxes was $0.023 million against income before income taxes of $1.128 million a year ago. Net loss was $0.282 million, or breakeven per basic and diluted share. This compares to the prior year's net income of $1.6 million, or $0.03 per basic and diluted share, which included a $0.6 million income tax benefit related to the reversal of an uncertain tax position. Net cash used in operating activities was $18.878 million against $18.514 million a year ago. Capital spending was $3.4 million, as compared to $3.0 million in last year's first quarter. The $3.4 million of capital spending primarily represents the opening of two new Outlet stores, remodeling of one existing location and, to a lesser extent, investments in information technology. Net Sales were also impacted by 12 fewer stores in operation as a result of the company's ongoing real estate optimization strategy, partially offset by sales growth experienced in its eCommerce and Outlet businesses. The company provided earnings guidance for the second quarter of fiscal year 2014. For the quarter, the company reported net sales are expected to increase slightly versus last year, despite the impact of thirteen fewer stores in operation during the second quarter of fiscal year 2014 versus prior year. The company's comparable store sales trends have improved from the first quarter of fiscal year 2014 and are expected to be flat to up slightly for the full second quarter of fiscal year 2014. The company expects gross margin to increase between 50 and 100 basis points from the prior year's rate driven by a combination of improved leverage of buying and occupancy expenses along with improvements in merchandise margin driven by lower product costs. Operating results for the second quarter of fiscal year 2014 are projected to be approximately breakeven as compared to an operating loss of $2.2 million in the second quarter of last year. Capital expenditures are expected to be approximately $10 million for the second quarter of fiscal year 2014 as compared to $4.0 million of capital expenditures in the second quarter of last year. This increase reflects real estate spending to support the opening of new outlet stores, along with remodels; continued investments in information technology and eCommerce; and capital expenditures related to the company's previously disclosed relocation and build-out of its new corporate headquarters.

New York & Company Inc. to Report Q1, 2015 Results on May 22, 2014

New York & Company Inc. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on May 22, 2014

New York & Company Inc., Q1 2015 Earnings Call, May 22, 2014

New York & Company Inc., Q1 2015 Earnings Call, May 22, 2014

 

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Industry Analysis

NWY

Industry Average

Valuation NWY Industry Range
Price/Earnings 100.0x
Price/Sales 0.2x
Price/Book 1.9x
Price/Cash Flow 427.6x
TEV/Sales 0.2x
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