Target, Macy's Among Retailers Reporting Results -- Week Ahead

   By Anna Prior 
 

A number of retailers are slated to report quarterly results next week including Target Corp. (TGT) and Macy's Inc. (M), giving investors an even clearer picture of the critical holiday season and start to the new year.

Meanwhile, Varonis Systems Inc. is expected to make its public trading debut, and wireless venture LightSquared will seek a creditor vote on its newest reorganization plan.

 
   Target, Macy's to Report Quarterly Results 

Retailer Target is scheduled to report fiscal fourth-quarter results on Wednesday.

The company has generated headlines since confirming in mid-December that hackers uploaded software into its system to steal customer data over the holidays. The company's sales were weaker following the data breach, which led it to temper expectations for the quarter.

Analysts polled by Thomson Reuters are expecting Target to report earnings of 80 cents a share and revenue of $21.46 billion.

Meanwhile, analysts are expecting Macy's to post per-share earnings of $2.17 and revenue of $9.27 billion, when the department-store operator reports fiscal fourth-quarter results on Tuesday.

In January, Macy's Chairman and Chief Executive Terry J. Lundgren touted the retailer's holiday season, in which same-store sales increased 4.3% compared with the prior year. He said the company's merchandise generated a positive response from customers "even in a questionable macroeconomic environment with challenging weather in multiple states."

Other retailers reporting results next week include J.C. Penney Co. (JCP), Kohl's Corp. (KSS), Abercrombie & Fitch Co. (ANF), Barnes & Noble Inc. (BKS), L Brands Inc. (LB), Gap Inc. (GPS) and Best Buy Co. (BBY).

 
   Varonis Systems IPO Expected 

Data-governance software firm Varonis Systems is expected to make its public trading debut Friday, with 4.8 million shares expected to price between $17 and $19 a share.

Varonis Systems filed plans for an initial public offering of up to $100 million in stock in November, as the firm looked to raise funds for general corporate purposes.

The New York City-based company's software allows enterprises to map, analyze and manage unstructured data. Varonis specializes in human-generated data, which includes a company's spreadsheets, word processing documents and other data created by employees. Its software also is used for data security, archiving and file synchronization.

Also expected to make its public trading debut is clinical solutions provider Lumenis Ltd., which has an IPO slated for Thursday.

 
   LightSquared Seeks Creditor Vote on New Proposal 

On Monday in Manhattan, wireless venture LightSquared will ask a judge to send its newest reorganization plan to certain creditors for a vote.

The $2.65 billion plan isn't contingent upon regulatory approval for its network and doesn't include participation from Dish Network Corp. (DISH) or its chairman Charlie Ergen, a major LightSquared debt holder.

Also Monday, Atlantic Express Transportation Corp. will ask a bankruptcy judge to approve National Express Corp.'s $11.75 million bid for its Philadelphia school district busing operations, while on Wednesday, women's clothing retailer Dots LLC plans to auction itself off at the Livingston, N.J., office of its bankruptcy counsel, Lowenstein Sandler LLP.

--Joseph Checkler contributed to this article.

Write to Anna Prior at [e-mail]

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