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DAILY EARNINGS

AutoZone, Dollar General, Toll Brothers Net Surge; HD Supply Net Tumbles


Author: Mukesh Buch
ticker.com
Last Update: 11:26 AM EST December 04 2018

11:45 PM New York – AutoZone first-quarter net soared 25% to $351 million. Dollar General third-quarter net surged 32% to $334 million. GMS second-quarter net soared 38% to $25 million. HD Supply third-quarter net tumbled 82% to $82 million. Toll Brothers fourth-quarter surged 62% to $311 million.

Tollbooth Index slipped 77.91 or 0.5% to 15,464.12 but for the year-to-date soared 12.4%.

Earnings Review

AutoZone Inc (AZO), the automobile parts retailer reported revenues in the first-quarter ending on November 17 rose 2% from a year ago to $2.6 billion.

Same store sales in the quarter jumped 2.7%.

Net income in the quarter soared 25.1% to $351.4 million or $13.47 per diluted share from $281 million or $10 in the same quarter last year.

In the quarter, AutoZone repurchased 654,000 shares of its common stock for $497.1 million, at an average price of $760 per share and by the end of the quarter the company has $985 million under its current share repurchase authorization.

Conn''s Inc (CONN), the furniture, mattress, electronics and appliance stores operator said revenues in the third-quarter ending in October fell 2.7% from a year ago to $283.9 million.

Same store sales in the quarter surged 8.5%.

Net income in the quarter jumped to $14.6 million or 45 cents per diluted share from $1.6 million or 5 cents in the same quarter last year.

Dollar General Corporation (DG), the discount retailer reported revenues in the third-quarter ending on November 3 soared 8.7% from a year ago to $6.4 billion.

Same store sales in the quarter advanced 2.8%.

Net income in the quarter surged 32% to $334 million or $1.26 per diluted share from $253 million or 93 cents in the same quarter last year.

Dollar General lowered fiscal 2018 net sales growth forecast to about 9% from the earlier estimate of 9% to 9.3% and operating margin rate to be “modestly below” from the earlier estimate of “relatively unchanged” and diluted earnings per share in the range of $5.85 to $6.05 from the earlier estimate of $5.95 to $6.15.

Donaldson Co Inc (DCI), the filtration systems provider said revenues in the first-quarter ending on November 17 jumped 8.8% from a year ago to $701.4 million.

Net income in the quarter jumped to $73.8 million or 56 cents per diluted share from $60.9 million or 46 cents in the same quarter last year.

GMS Inc (GMS), the construction products distributor stated net sales in the second-quarter ending in October surged 28.7% from a year ago to $833.8 million.

Net income in the quarter soared 38.2% to $24.9 million or 58 cents per diluted share from $18 million or 43 cents in the same quarter last year.

HD Supply Holdings Inc (HDS), the industrial products distributor reported net sales in the third-quarter ending on October 28 soared 17.7% from a year ago to $1.6 billion.

Net income in the quarter tumbled 81.9% to $82 million or 45 cents per diluted share from $452 million or $2.42 in the same quarter last year.

HD Supply reaffirmed fiscal 2018 net sales forecast in the range of $5.98 billion and $6.03 billion and operating profit in the range of $857 million and $867 million and diluted earnings per share in the range of $3.33 and $3.38.

Movado Group Inc (MOV), the premier watch maker said revenues in the third-quarter ending in October gained 9.6% from a year ago to $208.9 million.

Net income in the quarter plunged 54.6% to $26.9 million or $1.14 cents per diluted share from $17.4 million or 75 cents in the same quarter last year.

The premier watch maker forecasted fiscal 2018 revenues between $660 million and $675 million, net income in the range of $58 million to $59.7 million and diluted earnings per share in the range of $2.45 to $2.55.

Toll Brothers Inc (TOL), the home builder reported revenues in the fourth-quarter ending in October soared 21% from a year ago to $2.5 billion.

Net income in the quarter surged 62% to $311 million or $2.08 per diluted share from $191.9 million or $1.17 in the same quarter last year.

The home builder said net signed contract value in the quarter declined 15% to $1.5 billion and contract units plunged 13% to 1,715.

Toll Brothers forecasted fiscal 2019 first-quarter total deliveries between 1,350 units and 1,550 units with an average price of between $850,000 and $880,000 and gross margin of about 23.5%.
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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