U.S. Movers: Bed Bath & Beyond, Pier 1, Pep Boys, Rite Aid, Ruby, WD-40

Mukesh Buch
07 Apr, 2011
New York City

Bed Bath & Beyond fourth quarter net earnings soared 30% to $283.4 million. Movado quarterly net loss widened to $31.3 million. Pier 1 fourth quarter net income rose to $57.0 million. Rite Aid net loss narrowed to $208.1 million. Pep Boys net earnings in the quarter tripled to $8.4 million.

[R]10:30 AM New York – Bed Bath & Beyond fourth quarter net earnings soared 30% to $283.4 million. Movado quarterly net loss widened to $31.3 million. Pier 1 fourth quarter net income rose to $57.0 million. Rite Aid net loss narrowed to $208.1 million. Pep Boys net earnings in the quarter tripled to $8.4 million.[/R]

Of 30 the stocks in the Dow, 13 increased and 7 decreased.

Of the stocks in the Dow Jones Industrial Average, Cisco Systems, Inc. led the gainers with a rise of 0.77% followed by increase in Hewlett-Packard Company of 0.73%, in The Home Depot, Inc. of 0.53%, in Bank of America Corporation of 0.51%, in The Boeing Company of 0.34%.

Caterpillar Inc. led the decliners with a fall of 0.83%, followed by decline in General Electric Company of 0.54%, in 3M Company of 0.42%, in American Express Company of 0.35%, in McDonald’s Corporation of 33%.

Other Movers

Apogee Enterprises, Inc. ((APOG)) declined 2.7% or 37 cents to $13.12 after the glass product maker said fourth quarter revenues edged down to $147.9 million from $148.6 million a year ago. Net loss in the quarter was $4.41 million or 12 cents per diluted share compared to net income of $0.47 million or 2 cents per share a year ago.

Bed Bath & Beyond Inc. ((BBBY)) soared 9.1% or $4.54 to $53.93 after the retail stores operator reported fourth quarter revenue increased 11.6% to $2.51 billion from $2.24 billion a prior year. Comparable store sales in the quarter increased 8.5%. Net earnings in the quarter soared 30% to $283.4 million or $1.12 per diluted share compared to $226.0 million or $0.86 per share a year ago.

For the full year revenues increased 11.9% to $8.76 billion from $7.83 billion a prior year. Comparable store sales in the year increased 7.8%. Net earnings in the year surged 33% to $791.3 million or $3.07 per diluted share compared to $600.0 million or $2.30 per diluted share a year ago.

Constellation Brands, Inc. ((STZ)) gained 3.7% or 76 cents to $21.14 after the wine company said fourth quarter revenues rose 10% to $715.3 million from $708.7 million a year ago. Net income in the quarter rose to $279.8 million or $1.21 per diluted share compared to net loss of $51.0 million or $0.21 per share a year ago.

For the full year net sales fell 1% to $3.33 billion from $3.36 billion a prior year. Net income in the year surged to $559.5 million or $2.40 per diluted share compared to $99.3 million or $0.41 per diluted share a year ago.

Immucor, Inc. ((BLUD)) surged 5.7% or $1.15 to $21.13 after the reagents and automated system maker reported third quarter revenues rose 4% to $83.3 million from $80.5 million a year ago. Net income in the quarter increased to $22.7 million or 32 cents per diluted share compared to $20.0 million or 28 cents per share a year ago.

Movado Group, Inc. ((MOV)) soared 11.7% or $1.75 to $16.71 after the watches and jewelry maker said fourth quarter net sales increased 23.1% to $101.0 million from $82.1 million a prior year. Net loss in the quarter widened to $31.3 million or $1.26 per diluted share compared to $23.5 million or $0.96 per share a year ago.

National American University Holdings, Inc. ((NAUH)) rose 0.6% or 5 cents to $7.76 after the post secondary education provider said third quarter revenues increased 17.5% to $27.7 million from $23.6 million a year ago. Net income in the quarter rose to $3.9 million or 14 cents per diluted share compared to $3.0 million or 8 cents per share a year ago.

Pier 1 Imports, Inc ((PIR)) advanced 4.4% or 47 cents to $11.01 after the home furnishings and gift item retailer stated fourth quarter revenues increased to $426.5 million from $395.9 million a year ago. Comparable store sales in the quarter increased 8.9%. Net income in the quarter rose to $57.0 million or 48 cents per diluted share compared to $34.5 million or 30 cents per share a year ago.

For the full year revenues increased to $1.4 billion from $1.3 billion a prior year. Comparable store sales in the year increased 10.9%. Net income in the year increased $101.1 million or 85 cents per diluted share compared to $86.8 million or 86 cents per diluted share a year ago.

Power-One, Inc. ((PWER)) gained 3.8% or 32 cents to $8.61 after the electrical inverter maker expects to report first-quarter revenue between $240 million and $245 million below from previously announced range of $260 million to $290 million, due to market conditions and tariff uncertainty in Italy and Germany.

Rite Aid Corporation ((RAD)) increased 4.7% or 5 cents to $1.11 after the retail drugstore chain reported fourth quarter revenues flat to $6.5 billion. Same store sales in the quarter increased 0.9%. Net loss in the quarter narrowed to $208.1 million or 24 cents per diluted share compared to $210.6 million or 24 cents per share a year ago.

For the full year revenues declined 1.8% to $25.2 billion from $25.7 billion a prior year. Same store sales in the year decreased 0.7%. Net loss in the year widened $564.8 million or 64 cents per diluted share compared to $515.6 million or 59 cents per diluted share a year ago.

RPM International Inc. ((RPM)) surged 5.2% or $1.27 to $25.67 after the paints and chemical maker reported third quarter net sales increased 12.6% to $678.9 million from $666.6 million a year ago. Net income in the quarter increased to $1.1 million or 1 cent per diluted share compared to net loss of $9.4 million or 7 cents per share a year ago.

Richardson Electronics, Ltd. ((RELL)) fell 0.9% or 13 cents to $13.27 after the electronic component maker stated third quarter net sales grew 18.7% to $39.7 million from $33.4 million a year ago. Net income in the quarter increased to $8.2 million or 44 cents per diluted share compared to $4.5 million or 26 cents per share a year ago.

Ruby Tuesday, Inc. ((RT)) tumbled 15.1% or $2.02 to $11.35 after the restaurant operator reported third quarter total revenues increased 3.8% to $319.0 million from $307.2 million a year ago. Same restaurant sales decreased 1.2%. Net income in the quarter fell 10.1% to $16.0 million or 25 cents per diluted share compared to $17.8 million or 28 cents per share a year ago.

Standard Microsystems Corporation ((SMSC)) soared 7.9% or $1.87 to $25.47 after the silicon based circuits and systems software maker said fourth quarter revenues soared 22% to $101.2 million from $83.0 million a year ago. Net income in the quarter rose to $1.7 million or 7 cents per diluted share compared to $0.9 million or 4 cents per share a year ago.

For the full year revenues increased to $409.5 million from $307.8 million a prior year. Net income in the year was $10.6 million or 46 cents per diluted share compared to net loss of $8.0 million or 36 cents per diluted share a year ago.

The Pep Boys-Manny, Moe & Jack ((PBY)) increased 1.7% or 24 cents to $13.85 after the automotive service and retail chain reported fourth quarter sales increased 5.4% to $477.4 million from $452.9 million a prior year. Comparable store sales in the quarter increased 4.3%. Net earnings in the quarter tripled to $8.4 million or 16 cents per diluted share compared to $2.3 million or 4 cents per share a year ago.

For the full year revenues edged up to $1,988.6 million from $1,910.9 million a prior year. Comparable store sales in the year increased 2.7%. Net earnings in the year increased to $36.6 million or 69 cents per diluted share compared to $23.0 million or 44 cents per diluted share a year ago.

The Greenbrier Companies, Inc ((GBX)) fell 0.4% or 13 cents to $28.25 after the car equipment maker stated second quarter revenues increased to $286.3 million from $200.0 million a year ago. Net loss in the quarter declined to $0.55 million or 2 cents per diluted share compared to $4.75 million or 28 cents per share in the previous year.

WD-40 Company ((WDFC)) declined 6% or $2.66 or $41.01 after the consumer products company stated second quarter net sales fell 2% to $79.2 million from $80.5 million a year ago. Net income in the quarter declined 15% to $9.1 million or 53 cents per diluted share compared to $10.7 million or 64 cents per share in the previous year.