Albertsons's fourth quarter sales increased 10% to $17.4 billion and net income to $455 million compared to a loss of $144 million a year ago. Earnings per share increased to 79 cents from a loss of 37 cents a year ago. Gross margin edged down to 28.7%. For fiscal 2022 the retailer estimated adjusted earnings between $2.70 and $2.85 a share and capex between $2.0 and $2.1 billion.
CarMax's fourth quarter total revenues rose 48% to $7.7 billion but net income fell 24% to $159 million and earnings per share dropped 23% to 98 cents. Total retail used vehicle unit sales declined 5.2% to 194,318 and comparable store used unit sales declined 6.5% from a year ago quarter. Average used car prices rose 40% to $29,312 and gross profit rose 7.4% to $2,195.
KMX
KMX
WD-40 second quarter sales rose 16% to $130 million and net income gained 13% to $19.5 million from a year ago period. Diluted earnings per share rose to $1.41 from $1.24 but gross margins declined to 50.4% from 55.4%. The lubricant maker is planning to pass on higher prices and increase gross margins in the longer term and revised annual EPS range higher to between $5.14 and 5.27.
WDFC
WDFC
PriceSmart, the warehouse club operator said total sales in the fiscal second quarter increased 10.8% to $1.04 billion from a year ago and net income increased 11% to $31.5 million. Comparable store sales increased 10.3% from a year ago and the club operator opened 2 stores in 52 weeks totaling 49.
PSMT
PSMT
The Simply Good Foods said fiscal second quarter ending in December increased 28.7% to $296.7 million and net income in the quarter was $18.5 million compared to a loss of $26.2 million in a year ago period. Gross profit margin declined to 36.6% from 39.1%. Full fiscal year sales increase outlook was revised higher to a range of 13% to 15% from 12% to 14% estimated in three months ago.
SMPL
SMPL
Five Below, Inc, the deep discount retailer reported December quarter sales increased 16% to $996.3 million from a year ago period and net income rose 13.1% to $140.2 million. Diluted earnings per share also increased 13% to $2.49 from $2.20 in a year ago period. In the first quarter the retailer anticipates diluted earnings per share between 54 cents and 61 cents.
FIVE
FIVE
H&R Block said December 2021 quarter revenues increased 12% to $159 million from a year ago and net loss shrank to $190.6 million from $255.8 million. Loss per share declined to $1.09 from $1.38 on 5.7% shrink to 173.3 million after the company repurchased 6.6 million shares in the quarter.
HRB
HRB
lululemon athletica reported fourth quarter total revenues increased 23% to $2.1 billion on growth of 21% in North America and 35% in international sales. Total comparable store sales increased 32%. The retailer added 22 new stores in the quarter totaling 574. Net income increased to $434 million from $329.8 million and earnings per share rose to $3.36 from $2.52.
LULU
LULU
Darden Restaurants, the parent of Olive Garden, said quarter sales rose 41.3% from a year ago quarter to $2.45 billion and earnings jumped 90% to $247 million or $1.93 a share. The restaurant operator plans to pass 3% price hike after commodities prices rose 11% in the quarter.
DRI
DRI
KB Home said fiscal quarter revenues rose 23% to $1.49 billion and earnings increased 38% to $134.3 million and earnings per share rose 44% to $1.47. The home builder delivered 2,868 new homes, an increase of 22% but said labor shortage and supply chain issues intensified in the quarter.
KBH
KBH
Nike said February quarter sales rose 5% to $10.87 billion from a year ago and earnings edged lower to $1.4 billion from $1.45 billion in the previous quarter. Earnings per share fell to 87 cents from 90 cents. The athletic goods maker has increasingly shifted from wholesale to selling direct.
NKE
NKE
FedEx said revenues in fiscal third-quarter ending on Feb 28 gained 10% to $23.6 billion from $21.5 billion a year ago. Net income in the period rose to $1.1 billion or $4.20 a share from $892 million or $3.30 a share. The additional fuel surcharge helped to offset reduced customer demand, higher wages, and staff sickouts.
FDX
FDX
Barrick Gold fourth-quarter net loss widened to $1.2 billion. Diebold Nixdorf net loss widened to $124 million. FLIR Systems fourth-quarter net swung to a loss of $99 million. Teva Pharmaceutical fourth-quarter net loss narrowed to $2.9 billion.
Broadcom fourth-quarter net more than doubled to $1.1 billion. Lululemon third-quarter net jumped 60% to $94 million. Vail Resorts first-quarter net loss widened to $108 million. Ulta Beauty third-quarter net soared 25% to $131 million. United Natural Foods first-quarter net swung to a loss of $19 million.