On Friday, Shares of Nordstrom, Inc. (NYSE:JWN), gained 4.28% to $78.13.
Nordstrom, stated earnings per diluted share of $1.09 for the second quarter ended August 1, 2015. This comprised of an enhance in earnings per diluted share of $0.16, which primarily represented the reclassification of receivables as “held for sale” associated with the pending credit card transaction.
The Company’s second quarter performance, which was in-line with Company expectations, reflected the execution of its customer strategy and continued top-line strength fueled by its growth investments. Total Company net sales raised 9.2 percent, marking the fourth successive quarter of high-single-digit growth. The Company’s planned growth investments, counting its entry into Canada, the acquisition of Trunk Club and launch of Nordstromrack.com, drove over one-third of the total sales growth in the second quarter.
Total Company comparable sales raised 4.9 percent, contrast with the same period last year, reflecting consistent trends over the past year. In addition, the Anniversary Sale, which is the Company’s largest event of the year, achieved Company expectations.
Nordstrom, Inc., a fashion specialty retailer, offers apparel, shoes, cosmetics, and accessories for men, women, and children in the United States and Canada. It operates through two segments, Retail and Credit.
Shares of Knight Transportation (NYSE:KNX), inclined 1.95% to $28.20, during its last trading session.
Knight Transportation, declared that its Board of Directors has declared the company’s quarterly cash dividend of $0.06 per share of common stock. This quarterly dividend is following a cash dividend policy approved by the Board of Directors. The actual declaration of future cash dividends, and the establishment of record and payment dates, is subject to final determination by the Board of Directors each quarter after its review of the company’s financial performance.
The company’s dividend is payable to shareholders of record on September 4, 2015 and is predictable to be paid on September 25, 2015.
Knight Transportation, Inc. is a provider of multiple truckload transportation services using a nationwide network of service centers in the U.S. to serve customers throughout North America. In addition to operating one of the country’s largest tractor fleets, Knight also partners with third-party equipment providers to provide a broad range of truckload services to its customers while creating quality driving jobs for our driving associates and successful business opportunities for independent contractors.
Knight Transportation, Inc., together with its auxiliaries, operates as a short-to-medium haul truckload carrier of general commodities primarily in the United States. It operates through two segments, Trucking and Logistics.
Finally, Weight Watchers International, Inc. (NYSE:WTW), ended its last trade with -2.96% loss, and closed at $5.91.
Weight Watchers International commenced an offer to prepay at a discount to par up to $229 million of Initial Tranche B-1 Term Loans outstanding under, and as defined in, and following the terms of, the Credit Agreement among the Company, the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent and an issuing bank, The Bank of Nova Scotia, as revolving agent, swingline lender and an issuing bank, and the other parties thereto. On June 22, 2015, the Company accepted offers with a discount equal to or greater than 9.00% in respect of the Initial Tranche B-1 Term Loans. To complete the prepayment of the accepted offers, on June 26, 2015, the Company will expend an aggregate amount of cash proceeds totaling about $77.2 million plus an amount sufficient to pay accrued and unpaid interest on the amount to be prepaid to prepay about $84.9 million of the Initial Tranche B-1 Term Loans, resulting in about $7.6 million in savings on the payment.
Weight Watchers International, Inc. provides weight administration services worldwide. The company operates through North America, United Kingdom, Continental Europe, and Other segments. It offers a range of products and services comprising nutritional, exercise, and behavioral tools and approaches.
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