U.S. Movers: H&R Block, Navistar, Stein Mart, Buckle, Williams-Sonoma

Mukesh Buch
08 Mar, 2012
New York City

H&R Block third quarter net loss narrowed to $3.35 million. McDonald

[R]10:35 AM New York – H&R Block third quarter net loss narrowed to $3.35 million. McDonald’s February comparable sales increased 7.5%. Navistar first quarter net loss widened to $153 million. Williams-Sonoma fourth quarter net increased to $122.6 million.[/R]

Energy Partners, Ltd. ((EPL)) rose 8 cents to $16.82 after the oil and gas explorer reported fourth quarter revenue surged doubled to $103.4 million from $54.7 million in the same quarter last year. Net loss in the quarter widened to $7.34 million or 19 cents per diluted share compared to $1.13 million or 3 cents per share in the year ago earlier.

For 2011 revenue soared 45% to $348.3 million from $239.9 million in last year. Net income for the year was to $26.6 million or 66 cents per diluted share compared to net loss of $8.5 million or 21 cents per share in the prior year.

Hi-Tech Pharmacal Co., Inc. ((HITK)) decreased 6.9% or $2.86 to $38.39 after the biotechnology company reported third quarter net sales increased 12% to $55.6 million from $49.7 million in the same quarter last year. Net income in the quarter edged up to $10.8 million or 79 cents per diluted share compared to $10.1 million or 79 cents per diluted share in the year ago period.

H&R Block, Inc. ((HRB)) rose 9 cents to $15.76 after the tax service provider reported third quarter revenues decreased to $663.3 million from $680.3 million in the same quarter last year. Net loss in the quarter narrowed to $3.35 million or 1 cent per diluted share compared to $12.7 million or 4 cents per diluted share in the year ago earlier.

McDonald’s Corporation ((MCD)) decreased 3.5% or $3.51 to $96.67 after the restaurant operator said February global comparable sales growth of 7.5% and systemwide sales for the month increased 9.4%. U.S. sales increased 11% and Europe sales rose 4%.

Navistar International Corporation ((NAV)) slipped 4.9% or $1.97 to $38.06 after the holding company reported first quarter revenues increased to 11% $3.05 billion from $2.74 billion in the same quarter last year. Net loss in the quarter widened to $153 million or $2.19 per diluted share compared to $6 million or 8 cents per diluted share in the year ago.

Rite Aid Corporation ((RAD)), the drugstore chain operator reported same store sales rose 3.1% for the five weeks to March 3 from the prior-year period. Total drugstore sales for the five-week period increased 2.3% to $2.55 billion compared to $2.5 billion in the same period last year.

Smithfield Foods, Inc. ((SFD)) gained 1% or 24 cents to $23.06 after the food processing company reported third quarter sales grew to $3.48 billion from $3.19 billion in the same quarter last year. Net income in the quarter slumped to $79.0 million or 49 cents per diluted share compared to $202.6 million or $1.21 per diluted share in the year ago earlier period.

Stein Mart, Inc. ((SMRT)) decreased 4.8% or 34 cents to $6.64 after the specialty retailer reported fourth quarter sales fell 2.5% to $328.1 million from $336.7 million in the same quarter last year. Comparable store sales for the quarter decreased 2.2%. Net income in the quarter dropped to $5.7 million or 13 cents per diluted share compared to $18.8 million or 42 cents per diluted share in the year ago quarter.

For 2011 net sales decreased 1.8% to $1.16 billion from $1.18 billion in last year. Comparable store sales for the quarter fell 1.1%. Net income for the year decreased to $19.8 million or 44 cents per diluted share compared to $48.8 million or $1.08 per share in the prior year.

Semtech Corporation ((SMTC)) slumped 8.2% or $2.31 to $25.83 after the analog and mixed chip maker reported fourth quarter net revenue decreased 10.5% to $104 million from $116.3 million in the same quarter last year. Net income in the quarter slipped to $12.4 million or 19 cents per diluted share compared to $26 million or 39 cents per diluted share in the year ago.

For 2011 net sales increased 5.7% to $480.6 million from $454.5 million in last year. Net income for the year increased to $89.1 million or $1.32 per diluted share compared to $72.6 million or $1.12 per share in the prior year.

The Buckle, Inc. ((BKE)) gained 1.4% or 67 cents to $48.55 after the apparel retailer reported fourth quarter net sales increased 11.2% to $337.1 million from $303.1 million in the same quarter last year. Comparable store sales for the quarter increased 8%. Net income in the quarter increased to $56.1 million or $1.18 per diluted share compared to $49.5 million or $1.05 per share in the year ago.

For 2011 net sales increased 11.9% to $1.06 billion from $949.8 million in last year. Comparable retail sales for the year increased 8.4%. Net income for the year increased to $151.5 million or $3.20 per diluted share compared to $134.7 million or $2.86 per share in the prior year.

The Men’s Wearhouse, Inc. ((MW)) decreased 3.3% or $1.36 to $38.82 after the specialty retailer reported fourth quarter total sales rose 3.7% to $562.2 million from $542.1 million in the same quarter last year. Net loss in the quarter narrowed to $3.78 million or 7 cents per diluted share compared to $14.09 million or 27 cents per diluted share in the year ago period.

For 2011 total sales increased 13.3% to $2.38 billion from $2.10 billion in last year. Net income for the year surged 78.1% to $120.6 million or $2.30 per diluted share compared to $67.7 million or $1.27 per share in the prior year.

Williams-Sonoma, Inc. ((WSM)) decreased 4.3% or $1.64 to $36.20 after the specialty retailer reported fourth quarter net revenues rose 6.1% to $1.27 billion from $1.19 billion in the same quarter last year. For the quarter, comparable brand revenue, including both comparable store net revenues and total direct-to-customer net revenues, rose 6.6% compared to the 10.9% increase a year ago.

Net earnings in the quarter increased to $122.6 million or $1.17 per diluted share compared to $113.4 million or $1.05 per diluted share in the year ago.

For 2011 net sales increased to $3.72 billion from $3.50 billion in last year. Net earnings for the year increased to $236.9 million or $2.22 per diluted share compared to $200.2 million or $1.83 per share in the prior year.