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DAILY EARNINGS

Vail Resorts, Zumiez Net Jump; Buckle, VeriFone Net Plunge


Author: Mukesh Buch
ticker.com
Last Update: 12:24 PM ET March 10 2017

12:00 PM New York Buckle fourth-quarter net plunged 34% to $36 million. Genesco fourth-quarter net jumped 4% to $47 million. VeriFone first-quarter net swung to a loss of $17 million. Vail Resorts second-quarter net soared 28% to $149 million. Zumiez fourth-quarter net surged 38% to $18 million.

Tollbooth Index increased 28.43 or 0.3% to 11,608.48.

Earnings Review

The Buckle, Inc (BKE), the casual apparel, footwear and accessories retailer reported net sales in the fourth-quarter ending on January 28 slumped 15.7% from a year ago to $280 million.

Comparable store sales in the quarter declined 16.1% and online sales plummeted 8.8% to $32.2 million.

Net income in the quarter plunged 33.7% to $36 million or 74 cents per diluted share from $54.3 million or $1.13 per share in the same quarter last year.

Genesco Inc (GCO), the footwear, apparel and accessories retailer said net sales in the fourth-quarter ending on January 28 dropped 5% from a year ago to $883 million.

Comparable store sales in the quarter were flat with an 8% increase in the Lids Sports Group, a 6% decrease in the Journeys Group, a 2% increase in the Schuh Group and a 1% decrease in the Johnston & Murphy Group.

Comparable sales for the company reflected a 2% decrease in same store sales but 12% jump in e-commerce sales.

Net income in the quarter advanced 4% to $46.5 million or $2.39 per diluted share from $44.7 million or $2.06 per share in the same quarter last year.

Genesco forecasted fiscal 2018 diluted earnings per share between $4.40 and $4.55.

Hibbett Sports, Inc (HIBB), the sporting goods retailer stated net sales in the fourth-quarter ending on January 28 rose 0.5% from a year ago to $246.9 million.

Comparable store sales in the quarter dropped 2.2%.

Net income in the quarter tumbled 30.4% to $12.1 million or 54 cents per diluted share from $17.4 million or 76 cents per share in the same quarter last year.

The retailer said it is on track to launch e-commerce site in the second-half of fiscal 2018.

In fiscal 2017, Hibbett Sports estimated comparable store sales to increase in the low-single digit range and diluted earnings per share in the range of $2.65 to $2.85.

VeriFone Systems Inc (PAY), the payment solution provider stated revenues in the first-quarter ending in January plunged 11.6% from a year ago to $454 million.

Net in the quarter swung to a loss of $16.6 million or 15 cents per diluted share from profit of $23.5 million or 21 cents per share in the same quarter last year.

Vail Resorts, Inc (MTN), the ski resorts and luxury hotels operator reported revenues in the second-quarter ending in January surged 21% from a year ago to $725.2 million.

Net income in the quarter soared 27.6% to $149.2 million or $3.63 per diluted share from $116.9 million or $3.14 per share in the same quarter last year.

Zumiez Inc (ZUMZ), the specialty retailer said total net sales in the fourth-quarter ending on January 28 advanced 8.7% from a year ago to $263.6 million.

Comparable store sales in the quarter jumped 5.1%.

Net income in the quarter surged 38.3% to $18.2 million or 74 cents per diluted share from $13.1 million or 50 cents per share 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