Financial Reports: MSC Industrial, Lands’ End, Henry Schein

Annual Sales Up, Quarterly Sales Down at MSC Industrial

Melville, NY–Maintenance, repair, and operations (MRO) cataloger MSC Industrial Direct (NYSE: MSM) reported net sales of $207.9 million for the quarter ended Sept. 1. That’s down less than 1% from $209.4 million for the comparable period of 2000. Net income dropped a more appreciable 18%, to $10.2 million from $12.5 million a year ago.

For the fiscal year ended Sept. 1, net sales were $869.2 million, a nearly 5% increase from $831.3 million the previous fiscal year. Net income for the year was $50.4 million (before a one-time, nonoperating after-tax charge in the third quarter of $9.9 million), down from $52.9 million last year.

“Sales volumes were trending positively through late August and early September, but as expected, orders were substantially reduced immediately following Sept. 11,” CEO Mitchell Jacobsen said in a statement. “Although volumes have since improved, we have not yet returned to pre-Sept. 11 levels.”.

3Q Earnings Nearly Triple for Lands’ End Dodgeville, WI–Finally, some good news fiscal news, from apparel and home goods cataloger Lands’ End (NYSE: LE). For the quarter ended Oct. 26, earnings reached $12.1 million, nearly triple the earnings of $4.4 million for the comparable quarter of last year. Revenue totaled $376 million, up 4% from $362 million last year.

Sales within the specialty segment, which includes the Lands’ End Corporate Sales catalog, rose 4%, to $128 million for the quarter. International sales climbed 14%, to $32 million. Internet sales jumped 32%, to $72 million. And sales from core catalog business inched up 2%, to $188 million.

Henry Schein Nets 22% Gain Melville, NY—Medical, veterinary, and dental supplies giant Henry Schein (Nasdaq: HSIC) reported a 9% increase in third-quarter sales and a 22% hike in third-quarter net income. For the three months ended Sept. 30, sales were $659.8 million, up from $603.3 million the year prior. Net income reached $25.2 million, compared with adjusted net income of $19.6 million last year.

Henry Schein’s medical group posted sales of $260.0 million for the quarter, a 19% increase from last year. International sales totaled $92.8 million, a 4% increase. Dental sales increased 5%, to $276.2 million, from last year. But veterinary sales declined 6%, to $13.4 million for the same period.

Partner Content

Hincapie Sportswear Finds Omnichannel Success in the Cloud - Netsuite
For more and more companies, a cloud-based unified data solution is the way to make this happen. Custom cycling apparel maker Hincapie Sportswear has leveraged this capability to gain greater visibility into revenue streams, turning opportunities into sales more quickly while gaining overall operating efficiency. Download this ecommerce special report from Multichannel Merchant to more.
The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.