U.S. Movers: Advance Auto Parts, Dollar Tree, Limited Brands, Sears

Mukesh Buch
19 May, 2011
New York City

Advance Auto Parts first quarter net income grew to $109.6 million. Dollar Tree first quarter net income surged to $101.0 million. Limited Brands first quarter net income soared to $165.2 million. Sears Holdings reported first quarter net loss of $170 million.

[R]12:10 PM New York – Advance Auto Parts first quarter net income grew to $109.6 million. Dollar Tree first quarter net income surged to $101.0 million. Limited Brands first quarter net income soared to $165.2 million. Sears Holdings reported first quarter net loss of $170 million. The Buckle first quarter net income increased to $33.5 million.[/R]

Of 30 the stocks in the Dow, 13 increased and 16 decreased and 1 unchanged.

Of the stocks in the Dow Jones Industrial Average, General Electric Company led the gainers with a rise of 0.66% followed by increase in American Express Company of 0.63%, in McDonald’s Corporation of 0.61%, in The Boeing Company of 0.60%, in Cisco Systems, Inc. of 0.57%.

Intel Corporation led the decliners with a fall of 2.55%, followed by decline in Merck & Co., Inc. of 0.96%, in The Travelers Companies, Inc. of 0.90%, in Hewlett-Packard Company of 0.87%, in Johnson & Johnson of 0.84%.

Other Movers

Advance Auto Parts, Inc. ((AAP)) tumbled 10.1% or $7.17 to $63.50 after the automotive specialty retailer reported first quarter sales increased 3.7% to $1.90 billion compared to $1.83 billion in the same period last year. Net income in the quarter surged to $109.6 million or $1.35 per diluted share compared to $109.4 million or $1.19 per share a year earlier.

Children''s Place Retail Stores, Inc ((PLCE)) slipped 2.4% or $1.33 to $52.94 after the apparel retailer reported first quarter net sales surged 2% to $430.8 million compared to $422.1 million in the same period last year. Comparable retail sales declined 3.2%. Net income in the quarter increased to $29.1 million or $1.10 per diluted share compared to $28.0 million or $1.00 per share a year ago period.

Dollar Tree, Inc. ((DLTR)) gained 3.6% or $2.25 to $63.58 after the discount variety store reported first quarter net sales increased 14.3% to $1.55 billion compared to $1.35 billion in the same period last year. Comparable store sales increased 7.1%. Net income in the quarter surged to $101.0 million or 82 cents per diluted share compared to $63.6 million or 49 cents per share a year ago.

Flowers Foods, Inc. ((FLO)) soared 4.2% or $1.32 to $32.40 after the bakery products maker reported first quarter net sales surged 0.9% to $801.8 million compared to $795.0 million in the same period last year. Net income in the quarter increased 1.2% to $41.2 million or 45 cents per diluted share compared to $40.7 million or 44 cents per share a year earlier.

Hot Topic, Inc ((HOTT)) plunged 7.4% or 57 cents to $7.09 after the mall and web based specialty retailer reported first quarter net sales decreased 0.8% to $161.3 million compared to $162.6 million in the same period last year. Net loss in the quarter surged to $7.7 million or 17 cents diluted share compared to $1.8 million or 4 cents per share a year earlier.

Limited Brands, Inc. ((LTD)) slumped 4.1% or $1.78 to $40.67 after the specialty retailer reported first quarter net sales increased to $2.22 billion compared to $1.93 billion in the same period last year. Net income in the quarter surged to $165.2 million or 50 cents diluted share compared to $112.5 million or 34 cents per share a year ago.

PetSmart, Inc. ((PETM)) surged 6% or $2.57 to $45.06 after the pet specialty retailer reported first quarter total sales grew 6.8% to $1.5 billion compared to $1.4 billion in the same period last year. Net income in the quarter rose to $71 million or 61 cents per diluted share compared to $56 million or 46 cents per share a year ago.

Sears Holdings Corporation ((SHLD)) decreased 3.3% or $2.54 to $73.31 after the specialty retailer reported first quarter revenues decreased to $9.7 billion compared to $10.0 billion in the same period last year. Domestic comparable store sales decreased to 3.6%. Net loss in the quarter of $170 million or $1.58 per diluted share compared to net income $16 million or 14 cents per share a year ago.

Synopsys, Inc. ((SNPS)) declined 3.5% or 97 cents to $26.76 after the technology solution provider reported second quarter revenues increased 16.4 to $393.7 million compared to $338.1 million in the same period last year. Net income in the quarter surged to $81 million or 53 cents per diluted share compared to $39.5 million or 26 cents per share a year ago.

The Cato Corporation ((CATO)) surged 4.4% or $1.14 to $26.65 after the women’s fashion specialty store operator reported first quarter net sales surged 5% to $270.9 million compared to $259.0 million in the same period last year. Same store sales increased 2%. Net income in the quarter increased to $30.5 million or $1.04 per diluted share compared to $25.1 million or $0.85 per share a year earlier.

The Buckle, Inc ((BKE)) tumbled 13.3% or $6.40 to $41.50 after the casual apparel, footwear, and accessory retailer reported first quarter net sales surged 11.8% to $240.1 million compared to $214.8 million in the same period last year. Comparable store net sales increased 8.1%. Net income in the quarter increased to $33.5 million or 71 per diluted share compared to $30.1 million or 64 per share a year ago period.

Williams-Sonoma, Inc. ((WSM)) declined 5.8% or $2.52 to $40.74 after the specialty retailer reported first quarter net revenue surged 7.4% to $771 million compared to $718 million in the same period last year. Net earnings in the quarter increased to $31.6 million or 29 per diluted share compared to $19.5 million or 18 per share a year ago.