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DAILY EARNINGS

Abercrombie, Dollar Tree, Ross Stores Net Jump; Urban Outfitters Net Tumbles


Author: Mukesh Buch
ticker.com
Last Update: 12:03 PM EST March 07 2018

11:45 PM New York Abercrombie & Fitch fourth-quarter net surged 52% to $74 million. Autodesk fourth-quarter net loss was nearly flat at $174 million. Dollar Tree fourth-quarter net surged 52% to $1.04 billion. Ross Stores fourth-quarter net soared 50% to $451 million. Urban Outfitters fourth-quarter net tumbled to $1.3 million.

Tollbooth Index declined 141.67 or 0.9% to 14,374.70.

Earnings Review

Abercrombie & Fitch Co (ANF), the specialty retailer said net sales in the fourth-quarter ending on February 3 soared 15% from a year ago to $1.2 billion.

Comparable store sales in the quarter jumped 9%.

Net income in the quarter surged 52% to $74.2 million or $1.05 per diluted share from $48.8 million or 71 cents in the same quarter last year.

The specialty retailer estimated fiscal 2018 net sales to be up low-single digits and comparable sales to be up low-single digits

Autodesk, Inc (ADSK), the architecture, engineering and construction software developer reported total revenues in the fourth-quarter ending in January soared 16% from a year ago to $553.8 million.

Net loss in the quarter was nearly flat at $173.5 million or 79 cent per diluted share from $173.4 million or 78 cents in the same quarter last year.

The software developer lowered first-quarter revenues forecast in the range of $550 million to $560 million from the earlier estimate of $565 million to $575 million and increased diluted loss per share forecast between 44 cents and 41 cents from the earlier estimate of 34 cents to 31 cents.

Dollar Tree, Inc (DLTR), the discount stores operator said net sales in the fourth-quarter ending on February 3 surged 12.9% from a year ago to $6.4 billion.

Same store sales in the quarter advanced 2.4% and same store sales in the Dollar Tree banner increased 3.8% and same store sales in the Family Dollar banner rose 1%.

Net income in the quarter surged 52% to $1.04 billion or $4.37 per diluted share from $321.8 million or $1.36 in the same quarter last year.

Fiscal 2018 net sales are estimated in the range of $22.70 billion to $23.12 billion and same store sales in the low single-digit increase and diluted earnings per share between $5.25 and $5.60.

Ross Stores, Inc (ROST), the off-price retailer said sales in the fourth-quarter ending on February 3 jumped 16% from a year ago to $4.1 billion.

Comparable store sales in the quarter advanced 5%.

Net income in the quarter soared 49.8% to $450.7 million or $1.19 per diluted share from $300.6 million or 77 cents in the same quarter last year.

The apparel and home fashions retailer forecasted same store sales to grow 1% to 2% and the retailer plans to open about 100 new stores and earnings per share are in the range of $3.86 to $4.03 from $3.55 in the same period a year ago.

Urban Outfitters, Inc (URBN), the lifestyle specialty retailer said net sales in the fourth-quarter ending in January advanced 5.7% from a year ago to $1.1 billion.

Comparable store sales in the quarter increased 4%.

Net income in the quarter tumbled to $1.3 million or 1 cent per diluted share from $64.3 million or 55 cents in the same quarter last year.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc