U.S. Movers: Kraft Foods, Medtronic, Macy

Mukesh Buch
21 Feb, 2012
New York City

Kraft Foods fourth quarter net surged 54% to $830 million and Medtronic third quarter net increased 12%. Macy

[R]10:30 AM New York – Kraft Foods fourth quarter net surged 54% to $830 million and Medtronic third quarter net increased 12%. Macy’s fourth quarter net increased to $745 million. Home Depot fourth quarter net soared 32% to $774 million. Wal-Mart Stores quarterly net decreased 14.7% to $5.16 billion.[/R]

Dollar Thrifty Automotive Group, Inc ((DTG)) decreased 1.4% or $1.03 to $74.39 after the vehicles rental said fourth quarter total revenues rose to $353.7 million from $349.1 million in the same quarter last year. Net income in the quarter increased to $33.9 million or $1.08 per diluted share compared to $12.5 million or 41 cents per diluted share in the year ago quarter.

Genuine Parts Company ((GPC)) fell 52 cents to $65.06 after the automotive parts distributor reported fourth quarter net sales grew 7% to $3 billion from $2.8 billion in the same quarter last year. Net income in the quarter increased 14% to $135 million or 86 cents per diluted share compared to $119 million or 75 cents per diluted share in the year ago earlier.

For 2011 net sales increased 11% to $12.5 billion from $11.2 billion in last year. Net income for the year increased 19% to $565.1 million or $3.58 per diluted share compared to $475.5 million or $3.00 per share in the prior year.

Kraft Foods Inc. ((KFT)) rose 42 cents to $38.43 after the packaged food maker reported fourth quarter total revenues increased 6.6% to $14.7 billion from $13.8 billion in the same quarter last year. Net earnings in the quarter surged 53.7% to $830 million or 47 cents per diluted share compared to $540 million or 31 cents per diluted share in the year ago earlier.

For 2011 total revenue increased 10.5% to $54.4 billion from $49.2 billion in last year. Net earnings for the year decreased 14.3% to $3.53 billion or $1.99 per diluted share compared to $4.11 billion or $2.39 per share in the prior year.

Medtronic, Inc. ((MDT)) decreased 2.6% or $1.07 to $38.87 after the medical equipments maker reported third quarter revenue rose 2% to $3.92 billion from $3.86 billion in the same quarter last year. Net earnings in the quarter increased to $935 million or 88 cents per diluted share compared to $924 million or 86 cents per diluted share in the year ago earlier.

Medco Health Solutions, Inc. ((MHS)) fell 38 cents to $63.63 after the healthcare company reported fourth quarter total revenues increased 12.2% to $19 billion from $16.9 billion in the same quarter last year. Net income in the quarter increased 12.1% to $424.4 million or $1.08 per diluted share compared to $378.5 million or 88 cents per diluted share in the year ago.

2011 total revenue increased 6.2% to $70.1 billion from $66 billion in last year. Net income for the year rose 2% to $1.45 billion or $3.62 per diluted share compared to $1.43 billion or $3.16 per share in the prior year.

Macy’s, Inc. ((M)) increased 2.7% or $1.00 to $37.25 after the merchandise retailer said fourth quarter net sales grew 5.5% to $8.72 billion from $8.27 billion in the same quarter last year. Same store sales in the quarter increased 5.2% and online sales increased 40%.

Net income in the quarter increased to $745 million or $1.74 a share compared to $667 million or $1.55 per diluted share in the year ago earlier.

For 2011 total sales increased 5.6% to $26.4 billion from $25.0 billion in last year. In the year same store sales increased 5.3% and online sales soared 39.6%. Net income for the year increased to $1.26 billion or $2.92 per diluted share compared to $0.85 billion or $1.98 per share in the prior year.

Saks Inc ((SKS)) increased 2.6% or 29 cents to $11.16 after the fashion retailer said fourth quarter total sales increased 6.8% to $925.1 million from $866.3 million in the same quarter last year. Comparable store sales for the quarter increased 7.7%.

Net income in the quarter increased 3% to $37 million or 21 cents a diluted share compared to $25 million or 14 cents a diluted share in the year ago earlier.

The Home Depot, Inc. ((HD)) gained 1.7% or 80 cents to $47.51 after the home improvement retailer reported fourth quarter total revenues increased 5.9% to $16.0 billion from $15.1 billion in the same quarter last year. Comparable store sales for the quarter increased 5.7% and U.S. stores increased 6.1%.

Net earnings in the quarter soared 32% to $774 million or 50 cents per diluted share compared to $587 million or 36 cents per diluted share in the year ago.

For 2011 total revenue rose 3.5% to $70.4 billion from $68.0 billion in last year. Total comparable store sales for the year grew 3.4% and for the U.S. stores increased 3%.

Net earnings for the year increased 16.3% to $3.88 billion or $2.47 per diluted share compared to $3.34 billion or $2.01 per share in the prior year.

Wal-Mart Stores, Inc. ((WMT)) decreased 4.1% or $2.61 to $59.87 after the retail stores operator reported fourth quarter net sales grew 5.8% to $122.3 billion from $115.6 billion in the same quarter last year. Comparable store sales for the quarter rose 1.5% and Sam’s Club comparable sales without fuel increased 5.4%.

Net income in the quarter decreased 14.7% to $5.16 billion or $1.50 per diluted share compared to $6.06 billion or $1.70 per diluted share in the year ago.

For 2011 net sales increased 5.9% to $443.9 billion from $418.9 billion in last year. Comparable store sales for the quarter rose 0.2% and Sam’s Club comparable sales without fuel increased 5.1%.

Net income for the year decreased 4.2% to $15.7 billion or $4.52 a diluted share compared to $16.4 billion or $4.47 a share in the prior year.