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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: PaulB who wrote (15182)	9/20/1998 1:22:00 PM
From: Jenna	Read Replies (3) \| Respond to of 120523

DMMC Overkill? Potential Earnings Play Reports October 13.. could be in for a gain. I am in no way saying 'get in or you'll miss the boat'. I am saying that DMMC bears watching for a possible pop, especially close to its earnings date. ******************* 5 earnings surprises in the last 5 quarters.. 29.31 % growth estimated this quarter and 64% next quarter. **************** ....The Company is currently planning to introduce an assortment of bed, bath and gift items in one of its Fall 1998 J. Jill catalogs. DMMC does not expect this offering to significantly affect its financial condition, results of operations or cash flows during fiscal 1998. In addition, the Company plans to circulate its first bed, bath and gift edition of the J. Jill catalog in the Spring of 1999. DMMC has recently entered into a lease agreement for a new J. Jill catalog outlet store. DMMC is expected to continue to grow at a rate comparable, or better than most company's in their respective industry, Retail (Catalog & Mail Order)..... Upgraded in Barrons' in a few occasions in the last weeks. Date Open High Low Close Volume 07/14/98 24.500 25.875 24.000 25.750 287,400 07/15/98 26.000 27.625 25.750 26.406 248,100 07/16/98 26.750 26.750 24.875 24.875 124,700 07/17/98 24.375 25.125 24.375 25.000 121,300 07/20/98 24.875 25.125 24.375 25.125 34,700 .......... 08/27/98 18.500 19.250 17.500 18.000 317,900 08/28/98 18.625 18.625 17.625 17.875 72,700 08/31/98 18.000 18.187 14.500 14.500 143,300 09/01/98 14.250 14.750 12.625 13.000 217,500 09/02/98 14.000 14.000 11.875 11.937 256,400 09/03/98 11.875 11.875 10.250 11.000 96,600 09/04/98 11.125 11.750 10.500 11.000 133,300 09/08/98 11.750 11.875 9.500 10.562 216,100 09/09/98 10.250 10.250 8.250 8.875 900,800 09/10/98 8.312 8.500 7.125 7.875 409,400 09/11/98 8.062 8.500 8.000 8.250 359,200 09/14/98 8.125 8.687 8.125 8.406 246,700 09/15/98 8.312 8.312 7.375 8.125 679,200 09/16/98 8.750 8.750 8.000 8.250 157,200 09/17/98 7.750 8.125 7.500 7.875 131,700 09/18/98 7.937 8.437 7.625 7.937 162,600 7/14/98 - DM MANAGEMENT REPORTS SECOND QUARTER RESULTS - Sales Increase by 81% - Net Income Up 147% - HINGHAM, Mass., July 14 /PRNewswire/ -- DM Management Company (Nasdaq:DMMC ) today reported financial results for the second quarter and six months ended June 27, 1998. QUARTER HIGHLIGHTS: -- Net sales rose 81% to $59.4 million from $32.9 million last year. -- Operating income increased 135% to $4.7 million over the $2.0 million reported in the prior year. As a percentage of net sales, operating income increased by 180 basis points to 7.8% from 6.0% in 1997. -- Net income rose 147% over the comparable period last year to $3.0 million. -- The company completed a three-for-two stock split effective June 30, 1998. Pre-split diluted earnings per share for the second quarter were $0.43, an 87% increase over the prior year"s $0.23.** Adjusted for the three-for-two split, diluted earnings per share for the second quarter ended June 27, 1998 were $0.28 versus $0.16 for the prior year. YEAR-TO-DATE HIGHLIGHTS: -- Net sales for the six months increased to $104.2 million from $57.4 million, or 81% higher than the prior year. -- Operating income rose 118% to $6.4 million from $2.9 million. As a percentage of net sales, operating income for the six months increased by 100 basis points to 6.1% from 5.1% in the prior year. -- Net income increased 138% to $4.1 million from $1.7 million last year. -- Pre-split diluted earnings per share for the six months increased by 71% to $0.60 from $0.35. After adjusting for the three-for-two split, diluted earnings per share for the six months ended June 27, 1998 were $0.40 versus $0.23 in the prior year. "The success of this quarter is particularly gratifying, since it was up against last year"s second quarter performance in which we achieved a 52% increase in net sales and a tripling of our operating income. Our J. Jill business continues to be the driving force behind our growth, with net sales up 186% over last year. Due to the company"s continued efforts to maximize the profitability of its Nicole Summers business, circulation was reduced by 24%, resulting in an 8% decrease in net sales," commented Gordon R. Cooke, President and Chief Executive Officer.