Morning News - Friday, October 13, 2006
LZB down 13%- La-Z-Boy Expects Q2 EPS in Range of $0.01 - $0.04 vs. Prior View of $0.11 - $0.15, Street at $0.12
IHP – Reports 3Q SSS Ư.3%, driven mostly by increased guest traffic. Reiterates annual sales growth range of 2-4%. Releases full 3Q results on Wed, Oct 25 before market opens. Reuters.
Winnebago reports Q4 EPS $0.30 vs Reuters consensus $0.40* Earnings included a $0.03 positive impact from an inventory adjustment and a $0.04 negative impact from increased claims payments. Company reports revenues of $205.4M vs Reuters $226.4M.
DENN reorganizes management. New COO post created. Company said it is reorganizing its management structure as it works to recover from three years of losses and bias lawsuits.
CAG - Names Andre Hawaux CFO, Was CFO for Pepsi North America
NKE – named Mark Duggan as Chris Zimmerman’s replacement to head Nike Bauer, the company’s hockey subsidiary. Duggan will be responsible for pushing continued growth in hockey equipment business. Reuters.
BoJ left rates unchanged at 0.25% as expected (unanimous decision)
Nikkei up 1.02% to close at 16536.54
Gold 585.50 + 9.20
Oil 58.87 + 1.01
Dollar: euro 1.2491 - .0050; yen 119.83 + .32
IHP – Reports 3Q SSS Ư.3%, driven mostly by increased guest traffic. Reiterates annual sales growth range of 2-4%. Releases full 3Q results on Wed, Oct 25 before market opens. Reuters.
Winnebago reports Q4 EPS $0.30 vs Reuters consensus $0.40* Earnings included a $0.03 positive impact from an inventory adjustment and a $0.04 negative impact from increased claims payments. Company reports revenues of $205.4M vs Reuters $226.4M.
DENN reorganizes management. New COO post created. Company said it is reorganizing its management structure as it works to recover from three years of losses and bias lawsuits.
CAG - Names Andre Hawaux CFO, Was CFO for Pepsi North America
NKE – named Mark Duggan as Chris Zimmerman’s replacement to head Nike Bauer, the company’s hockey subsidiary. Duggan will be responsible for pushing continued growth in hockey equipment business. Reuters.
BoJ left rates unchanged at 0.25% as expected (unanimous decision)
Nikkei up 1.02% to close at 16536.54
Gold 585.50 + 9.20
Oil 58.87 + 1.01
Dollar: euro 1.2491 - .0050; yen 119.83 + .32
