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Market Update

AutoZone Inc. traded flat at $3,695.66 after the retailer of aftermarket automotive parts reported higher revenue in the fiscal third quarter.

Net sales climbed 5.4% to $4.46 billion from $4.23 billion, net income dropped 6.6% to $608 million from $652 million, and diluted earnings per share fell 3.6% to $35.36 from $36.69 a year ago.

The company repurchased $250 million of its own stock during the quarter and opened 84 new stores, compared to 45 stores a year earlier.

AutoZone increased its inventory by 10.8% to $6.82 billion from $6.15 billion in the prior year and reduced its debt by 1.6%.


28 May, 2025

 

Advance Auto Parts Inc. advanced 0.7% to $49.50 after the automotive aftermarket parts provider reported first-quarter 2025 results.

Net sales declined to $2.58 billion from $2.77 billion, net income dropped to $24 million from $40 million, and diluted earnings per share fell to 40 cents from 67 cents a year ago.

Advance Auto Parts surged more than 57% in the previous session after the company backed its annual outlook despite tariff pressures.

The company guided full-year net sales to be between $8.40 billion and $8.60 billion, compared to $9.09 billion, and comparable store sales to increase between 0.5% and 1.5%, following a decrease of 0.7% in the previous year, respectively.

The company reaffirmed full-year adjusted earnings per share to range between $1.50 and $2.50. 

Auto Parts plans to open 30 new stores and 10 new market hubs during the current fiscal year.


23 May, 2025

 

Ralph Lauren Corp. inched up 0.03% to $277.50 after the lifestyle products retailer reported strong fourth-quarter 2025 results.

Revenue edged up to $1.70 billion from $1.57 billion, net income jumped to $129.0 million from $90.7 million, and diluted earnings per share rose to $2.03 from $1.38 a year ago.

The company returned $625 million to shareholders through dividends and repurchases and approved a 10% dividend increase and a $1.5 billion expansion of the existing share repurchase program.

The fashion retailer guided fiscal 2026 revenue to grow at low single digits on a constant currency basis, compared to $7.08 billion a year earlier.


23 May, 2025

 

Autodesk Inc. surged 3.3% to $304.79 after the 3D software developer reported higher revenue in the first quarter of fiscal 2026.

Revenue edged up to $1.63 billion from $1.42 billion, net income slipped to $152 million from $252 million, and diluted earnings per share fell to 70 cents from $1.16 a year ago.

Separately, the company announced new funding, technology, and support to accelerate rebuilding efforts in wildfire-affected areas of Los Angeles, following this January's devastating fires across the region.


23 May, 2025

 

Deckers Outdoor Corp. slipped 15.2% to $106.86 despite the footwear, apparel, and accessories retailer reporting steady fourth-quarter 2025 results.

Net sales climbed to $1.02 billion from $959.76 million, net income jumped to $151.41 million from $127.54 million, and diluted earnings per share rose to $1.00 from 82 cents a year ago.

Domestic net sales of $647.7 million were flat, while international sales increased 19.9% to $374.1 million from $312.0 million as compared to last year, respectively.

During the quarter, the company repurchased approximately 1.778 million shares at an average price of $149.62 per share for a total of $266.0 million, and approximately $2.5 billion remains under repurchase authorization.

The company guided first-quarter net sales to be between $890 million and $910 million, compared to $825.35 million, and diluted earnings per share between 62 cents and 67 cents, compared to $4.52 a year ago, respectively.


23 May, 2025

 

Copart Inc. dropped 3.1% to $58.75 despite the online vehicle auction company reporting higher revenue and earnings in the third quarter of fiscal 2025.

Revenue edged up 7.5% to $1.21 billion from $1.13 billion, net income jumped 6.4% to $406.61 million from $382.29, and diluted earnings per share rose to 42 cents from 39 cents a year ago.

For the nine months to April 30, revenue climbed 11.2% to $3.52 billion from $3.17 billion, net income edged up 11.1% to $1.16 billion from $1.04 billion, and diluted earnings per share increased 10.3% to $1.18 from $1.07 a year earlier.

 


23 May, 2025

 

Ross Stores Inc. plunged 11.4% to $134.86 after the off-price apparel and home fashion chain reported slightly lower earnings for the first quarter of 2025.

Revenue edged up to $4.98 billion from $4.85 billion, net earnings declined to $479.25 million from $487.99 million, and diluted earnings per share rose to $1.47 from $1.46 a year ago.

During the quarter, the company repurchased 2.0 million shares for a total of $263 million, and $1.05 billion remained under repurchase authorization through fiscal 2025.

“The earnings guidance range includes an approximate $0.11 to $0.16 per share cost impact from announced tariffs,” the company said in a release to investors.

The department store retailer said comparable store sales in the second quarter are projected to be flat to up 3% on top of a 4% gain in the same period last year.

The company estimated earnings per share to be between $1.40 and $1.55, compared to $1.59 a year earlier.


23 May, 2025

 

Intuit Inc. surged 8% to $719.10 after the financial technology platform operator reported strong third-quarter results and raised its full-year outlook.

Revenue increased to $7.75 billion from $6.74 billion, net income jumped to $2.82 billion from $2.39 billion, and diluted earnings per share rose to $10.02 from $8.42 a year ago.

The company guided fourth-quarter revenue to be between $3.723 billion and $3.760 billion, an increase of 17% to 18% from $3.2 billion, and non-GAAP diluted earnings per share between $2.63 and $2.68, compared to $1.99 a year ago, respectively.

For the full year, Intuit estimated revenue to be between $18.723 billion and $18.760 billion, an increase of 15% from $16.3 billion, and non-GAAP earnings per share between $20.07 and $20.12, compared to $16.94 a year earlier, respectively.


23 May, 2025

 

Urban Outfitters Inc. soared 17.4% to $70.00 after the lifestyle and homeware retailer reported strong first-quarter 2025 results.

Net sales jumped to $1.33 billion from $1.20 billion, net income surged to $108.35 million from $61.76 million, and diluted earnings per share rose to $1.16 from 65 cents a year ago.

The company said total inventory as of April 30 stood at $84.8 million, an increase of 14.6% from a year earlier, and the company opened 13 new retail locations.

The clothing retailer repurchased and subsequently retired 3.3 million shares for approximately $152 million during the quarter and 1.2 million shares for $53 million during the fiscal year, and as of April 30, 14.7 million shares remained under repurchase authorization.

Guess? Inc. traded flat at $11.05 after the fashion clothing retailer reported fourth-quarter 2025 results.

Net revenue edged up to $932.25 million from $891.05 million, net earnings dropped to $81.40 million from $115.27 million, and diluted earnings per share fell to $1.16 from $1.71 a year ago.

The company guided first-quarter revenue to increase between 5.8% and 7.5%, compared to $569.8 million, and GAAP diluted loss per share to be between 75 cents and 66 cents, compared to a loss of 22 cents a year ago, respectively.

For the full year, Guess estimated revenue to increase between 3.9% and 6.2%, compared to $2.8 billion, and GAAP diluted earnings per share to be between $1.03 and $1.37, compared to $3.09 a year earlier, respectively.

During the fiscal year 2025, the company repurchased approximately 2.6 million shares for $60.3 million, and a capacity of $139.8 million remained under repurchase authorization.


22 May, 2025

 

VF Corp. traded up 0.4% to $12.20 after the apparel and footwear company reported fourth-quarter 2025 results.

Revenue edged down to $2.14 billion from $2.25 billion, net loss narrowed to $150.79 million from a loss of $418.31 million, and diluted loss per share shrank to 39 cents from a loss of $1.08 a year ago.

The company guided first-quarter sales to decrease by 3% to 5%, compared to $1.9 billion, and operating loss to be between $110 million and $125 million, compared to a loss of $239.89 a year ago, respectively.


22 May, 2025

 

Target Corp. eased 0.1% to $92.90 after the big-box retailer reported mixed first-quarter results and lowered its annual outlook.

Net sales slipped 2.8% to $23.85 billion from $24.53 billion, net earnings climbed 10% to $1.04 billion from $942 million, and diluted earnings per share rose 11.7% to $2.27 from $2.03 a year ago.

Comparable sales edged down 3.8% in the quarter amid a lower number of transactions and a lower average transaction amount, partially offset by comparable digital sales growth of 4.7%.

The company guided full-year sales to decline in low single digits, compared to $106.57 billion, and GAAP earnings per share to be between $8.00 and $10.00, compared to $8.86 a year earlier, respectively.

Target paid dividends of $510 million in the first quarter, compared with $508 million last year, reflecting a 1.8% increase in the dividend per share.

In addition, the company repurchased $251 million of its own shares, retiring 2.2 million shares at an average price of $114.60, and as of the end of the quarter, the company had approximately $8.4 billion remaining under repurchase authorization.


22 May, 2025

 

Medtronic Plc. traded flat at $84.41 after the medical device provider reported higher revenue and earnings in the fourth quarter of 2025.

Net sales climbed to $8.93 billion from $8.59 billion, net income edged up to $1.06 billion from $654 million, and diluted earnings per share rose to 82 cents from 49 cents a year ago.

The medical technology company plans to separate its diabetes business into a standalone public company within 18 months.

The company announced a cash dividend of 71 cents per share, or an annual amount of $2.84 per share, payable on July 11 to shareholders on record on June 27.

Medtronic guided fiscal year 2026 organic revenue to grow by approximately 5%, compared to $33.54 billion, and diluted non-GAAP earnings per share to increase by 4%, compared to $5.49 a year earlier, respectively.


22 May, 2025

 

Lowe's Companies Inc. eased 0.1% to $227.15 after the home improvement retailer reported first-quarter 2025 results.

Net sales declined to $20.93 billion from $21.36 billion, net earnings dropped to $1.64 billion from $1.75 billion, and diluted earnings per share fell to $2.92 from $3.06 a year ago.

The company estimated full-year comparable sales to be flat to up 1% as compared to the prior year, revenue between $83.5 billion and $84.5 billion, and diluted earnings per share between $12.15 and $12.40.

In comparison, revenue in 2024 was $83.67 billion, and diluted earnings per share stood at $12.23.


22 May, 2025

 

TJX Companies Inc. inched up 0.01% to $131.04 after the off-price apparel and home fashion retailer reported higher revenue in the first quarter of 2025.

Net sales climbed to $13.11 billion from $12.48 billion, net income edged down to $1.04 billion from $1.07 billion, and diluted earnings per share fell to 92 cents from 93 cents a year ago.

First-quarter comparable sales increased 3%, at the high end of the company’s plan, driven by an increase in customer transactions.

The company returned $1.0 billion to shareholders in the quarter through share repurchases and dividends.

The department store retailer guided second-quarter comparable sales to be up 2% to 3% and diluted earnings per share between 97 cents and $1.00, compared to 96 cents a year earlier.

For the full year, the company estimated same-store sales to be up 2% to 3% and diluted earnings per share between $4.34 and $4.43, compared to $4.26 a year ago.


22 May, 2025

 

Freightos Ltd. eased 0.4% to $2.55 after the freight booking and payment portal operator reported first-quarter 2025 results.

Revenue jumped to $6.94 million from $5.35 million, net loss narrowed to $4.50 million from a loss of $4.62 million, and loss per share shrank to 9 cents from a loss of 10 cents a year ago.

The company guided second-quarter revenue to be between $7.0 million and $7.1 million, compared to $5.7 million, and full-year revenue between $29.0 million and $30.6 million, compared to $23.8 million a year earlier, respectively.


21 May, 2025