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DAILY EARNINGS

Donaldson, Kroger, PVH Net Jump; Barnes & Noble Net Loss Widens


Author: Mukesh Buch
ticker.com
Last Update: 10:46 AM EST November 30 2017

11:45 PM New York – Barnes & Noble third-quarter net loss widened to $30 million. Donaldson first-quarter net jumped 5% to $61 million. Kroger third-quarter net rose 2% to $397 million. PVH third-quarter net surged 89% to $239 million. Semtech third-quarter net plummeted 57% to $13 million.

Tollbooth Index jumped 105.50 or 0.8% to 13,637.27.

Earnings Review

Barnes & Noble Inc (BKS), the bookseller said total sales in the second-quarter ending on October 28 declined 7.9% from a year ago to $791.1 million.

Comparable store sales in the quarter slumped 6.3%.

Net loss in the quarter widened to $30.1 million or 41 cents per diluted share from $20.4 million or 29 cents in the same quarter last year.

Barnes & Noble forecasted fiscal 2018 comparable sales to decline in the low single digits and comparable store sales to be approximately flat.

Donaldson Company, Inc (DCI), the filtration systems maker reported sales in the first-quarter ending in October soared 16.6% from a year ago to $644.8 million.

Net income in the quarter jumped 5% to $60.9 million or 46 cents per diluted share from $58 million or 43 cents in the same quarter last year.

Donaldson lifted fiscal 2018 diluted earnings per share forecast to between $1.90 and $2.40 from the earlier estimate of $1.79 to $1.93 and sales to increase in the range of 10% to 14% from the earlier estimate of 4% to 8%.

Kroger Co (KR), the largest independent grocery store operator said total sales in the third-quarter ending on November 4 advanced 4.5% from a year ago to $27.7 billion.

Net income in the quarter rose 1.5% to $397 million or 44 cents per diluted share from $391 million or 41 cents in the same quarter last year.

The food stores operator reaffirmed fiscal 2017 diluted earnings per share estimate in the range of $1.74 to $1.79.

L Brands Inc (LB), the specialty retailer reported net sales in the four-week ending on November 25 increased 2% from a year ago to $1.3 billion and comparable sales decreased 1%.

The retailer said its exit in the swim and apparel categories had negative impact of about 1 percentage point in both total company and Victoria’s Secret comparable sales.

PVH Corp (PVH), the apparel manufacturer said revenues in the third-quarter ending on October 29 advanced 5% from a year ago to $2.4 billion.

Net income in the quarter surged 89.3% to $238.7 million or $3.05 per diluted share from $126.1 million or $1.56 in the same quarter last year.

PVH estimated fiscal 2017 revenues growth of about 11% and diluted earnings per share in the range of $1.35 to $1.37 compared to $1.26 in the prior year period.

Semtech Corporation (SMTC), the analog and mixed-signal semiconductor supplier stated net sales in the third-quarter ending on October 29 soared 10% from a year ago to $150.3 billion.

Net income in the quarter plummeted 56.7% to $13.3 million or 20 cents per diluted share from $30.8 million or 46 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