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DAILY EARNINGS

Smucker, Vail Resorts, Thor Ind Net Surge; Conn's Net Swing to Profit


Author: Mukesh Buch
ticker.com
Last Update: 12:44 PM EDT June 07 2018

11:45 PM New York Conn''s first-quarter net swung to profit $13 million. Five Below first-quarter net jumped to $22 million. J. M. Smucker fourth-quarter net surged 68% to $186 million. Thor Industries third-quarter net jumped 20% to $134 million. Vail Resorts third-quarter net soared 42% to $256 million.

Tollbooth Index increased 93.78 or 0.6% to 15,920.68 but for the year-to-date soared 15.6%.

Earnings Review

Alliance One International Inc (AOI), the leaf tobacco producer stated total sales in the fourth-quarter ending in March jumped 5.6% from a year ago to $643.9 million.

Net loss in the quarter widened to $4.5 million or 50 cents per diluted share from $0.3 million or 3 cents in the same quarter last year.

Conn''s Inc (CONN), the specialty retailer said total revenues in the first-quarter ending in April rose 0.7% from a year ago to $358.4 million.

Same store sale in the quarter declined but sales decline in partially offset by new store openings.

Net in the quarter swung to profit $12.7 million or 39 cents per diluted share from a loss of $2.6 million or 8 cents in the same quarter last year.

Five Below Inc (FIVE), the discount and variety retailer reported net sales in the first-quarter ending on May 5 soared 27.2% from a year ago to $296.3 million.

Comparable store sales in the quarter advanced 3.2%.

Net income in the quarter jumped to $21.8 million or 39 cents per diluted share from $8.4 million or 15 cents in the same quarter last year.

The discount retailer forecasted fiscal 2018 revenue in the range of $1.50 billion to $1.52 billion and comparable store sales to increase between 1% and 2% and net income in the range of $136.5 million to $139.9 million and diluted earnings per share between $2.42 and $2.48.

The J. M. Smucker Company (SJM), the consumer food, beverage, and pet food products distributor reported net sales in the fourth-quarter ending in April were flat from a year ago to $1.8 billion.

Net income in the quarter surged 68% to $185.9 million or $1.64 per diluted share from $110.4 million or 96 cents in the same quarter last year.

The food and beverage products distributor forecasted fiscal 2019 net sales of about $8.3 billion and diluted earnings per share in the range of $8.40 to $8.65.

Thor Industries, Inc (THO), the recreational vehicles maker said revenues in the third-quarter ending in April soared 11.7% from a year ago to $2.3 billion.

Net income in the quarter jumped 20.2% to $133.8 million or $2.53 per diluted share from $111.3 million or $2.11 in the same quarter last year.

Vail Resorts, Inc (MTN), the mountain ski, resorts and casinos operator reported total net revenues in the third-quarter ending in April jumped 6.3% from a year ago to $844.5 million.

Net income in the quarter soared 41.5% to $256.3 million or $6.17 per diluted share from $181.1 million or $4.40 in the same quarter last year.

Vail Resorts forecasted fiscal 2018 operating profit between $612 million and $622 million and net income in the range of $360 million and $381 million.
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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