Movers: Dick's Sporting, Intuit, Lyft, Nordstrom, Urban Outfitters, Toll Brothers

  • Barry Adams
  • U.S.A. New York City
  • May 25, 2022
  • Dick's Sporting Goods plunged on a lowered outlook. Lyft reversed its plan and trimmed the marketing budget. Nordstrom beats expectations. Toll Brothers benefits from the luxury housing boom. Wendy's rose on merger talks.

    Dick's Sporting Goods declined 13% to $62.21 after the retailer reported better-than-expected quarterly results and lower-than-expected fall in comparable sales. 

    Net sales declined 7.5% to $2.7 billion and comparable sales fell 8.5% in the quarter from a year ago. 

    Net income declined 28% to $260.6 million and earnings per share fell to $2.47 from $3.41 a year ago. 

    The company also lowered its annual outlook citing macro conditions and higher inflation. 

    For the full-year 2022, comparable sales are expected to fall between 2% and 8% and diluted earnings per share between $7.95 and $10.15. 

    Intuit Inc jumped 1.7% to $365.07 after the company reported April quarter revenues increased 35% to $5.6 billion and earnings per share rose 18% to $6.28 from $5.30. 

    Net income in the quarter soared to $1.8 billion from $1.5 billion a year ago. 

    Lyft Inc gained 0.1% to $16.72 after the ride-hailing company reversed its earlier plan to increase marking. The company now plans to limit hiring and trim marketing and promotion budget following the footsteps of Uber Technologies. 

    Nordstrom, Inc gained 4% to $21.56 after the apparel retailer reported a surge in sales and also lifted its annual sales and profit outlook. 

    Nordstrom after the close reported fiscal first quarter total revenues rose 20% to $3.57 billion and net income of $20 million or 13 cents a share compared to a loss of $166 million or $1.05 a share. 

    The retailer revised higher earnings per share for the year between $3.38 and $3.68 from the earlier estimate of $3.18 to $3.50.

    Toll Brothers jumped 3% to $45.98 after the luxury home builder said in the latest quarter it completed 2,407 homes, an increase of 6%.

    Sales increased 19% to $2.2 billion and net income rose to $220.6 million or $1.85 a share from $127.9 million or $1.01 share a year ago. 

    Home sale gross margin in the quarter increased to 24.1% from 21.9% a year ago.  

    Urban Outfitters gained 1.4% to $18.99 after the apparel retailer said its revenues and earnings were hit by higher freight and raw materials costs. 

    Net sales increased 13.4% to $1.05 billion and net income declined on higher costs. All five brands controlled by the company registered higher sales in the quarter. 

    Net income plunged to $31.5 million or 33 cents a share from $53.5 million or 54 cents a share a year ago. 

    Wendy's soared 9% to $17.75 after its largest shareholder Trian Fund Management with a stake of 19.4% said it is exploring merger or sale or other deals for the restaurant chain. 

     

Annual Returns

Company Ticker 2024 2023 2022
Nordstrom Inc JWN 23% 13% -28%
Urban Outfitters Inc URBN 29% 29% -6%
Intuit Inc INTU 4% 52% -36%
Lyft Inc. LYFT -20% 30% -73%