U.S. Movers: Buckle, Dollar Tree, L Brands, Sears, Target

Mukesh Buch
21 Nov, 2013
New York City

Buckle net slid 3%. Dollar Tree net declined 21% but sales jumped. Donaldson net dropped 5% and sales climbed 14%. Green Mountain profit surged 38%. L Brands net plunged 25%. Sears said net loss widened. Target net plunged 46%. Williams-Sonoma net rose.

[R]11:00 AM New York – Buckle net slid 3%. Dollar Tree net declined 21% but sales jumped. Donaldson net dropped 5% and sales climbed 14%. Green Mountain profit surged 38%. L Brands net plunged 25%. Sears said net loss widened. Target net plunged 46%. Williams-Sonoma net rose.[/R]

The Buckle, Inc ((BKE)) slipped 1.8% or 96 cents to $51.50 after the retailer said net sales in the third-quarter ending on November 2 rose 0.9% to $286.8 million. Comparable store sales in the quarter slid 0.5%.

Net income in the quarter fell 3% to $40.6 million or 85 cents a diluted share compared to $41.9 million or 88 cents.

Dollar Tree, Inc ((DLTR)) declined 5% or $2.97 to $55.94 after the discount retailer reported net sales in the third-quarter ending on November 2 climbed 9.5% to $1.88 billion. Comparable store sales for the quarter jumped 3.1%.

Net income in the quarter declined 21% to $125.4 million or 58 cents a diluted share compared to $155.4 million or 68 cents.

Dollar Tree estimates sales for the fourth quarter in the range of $2.25 billion to $2.31 billion and diluted earnings per share are estimated between $1.01 and $1.07.

For the year, the company forecasted sales between $7.86 billion and $7.92 billion and diluted earnings per share in the range of $2.72 to $2.78.

Donaldson Company, Inc. ((DCI)) jumped 4.3% or $1.68 to $40.85 after the purification equipment maker reported net sales in the first-quarter ending in October climbed 14% to $599 million.

Net earnings in the quarter dropped 4.6% to $62 million or 41 cents a diluted share compared to $54 million or 36 cents.

Green Mountain Coffee Roasters Inc ((GMCR)) surged 17% or $10.52 to $72.35 after the specialty coffee maker reported revenue in the fourth-quarter ending on September 28 soared 11% to $1.05 billion.

Net income in the quarter surged 38% to $127 million or 83 cents a diluted share compared to $91.9 million or 58 cents.

L Brands Inc ((LTD)) slipped 48 cents to $63.75 after the specialty retailer said sales in the third-quarter ending on November 2 jumped 6% to $2.17 billion. Comparable store sales for the quarter increased 3%.

Net income in the quarter plunged 25.3% to $92 million or 31 cents a diluted share compared to $73.4 million or 25 cents.

The retailer expects earnings per share for the fourth quarter between $1.67 and $1.82 and for the year, the company estimates earnings per share in the range of $3.07 to $3.22.

Sears Holdings Corporation ((SHLD)) slid 0.7% or 41 cents to $61.26 after the retailer net sales in the third-quarter ending on November 2 dropped 7% to $8.3 billion. Comparable store sales in the quarter fell 3.1%.

Net loss in the quarter widened to $534 million or $5.03 a diluted share compared to $498 million or $4.70.

Target Corporation ((TGT)) dropped 3.7% or $2.44 to $64.04 after the discounted price retailer reported sales in the third-quarter ending on November 2 rose 2% to $17.3 billion. Comparable store sales for the quarter grew 0.9%.

Net income in the quarter plunged 46.4% to $341 million or 54 cents a diluted share compared to $637 million or 96 cents.

In the quarter, the Canadian segment generated sales of $333 million.

For the fourth quarter, the company expects adjusted earnings per share between $1.50 and $1.60. Target now expects adjusted earnings per share for the year in the range of $4.59 to $4.69.

Williams-Sonoma, Inc. ((WSM)) climbed 6.4% or $3.55 to $58.61 after the home furnishings retailers reported revenue in the third-quarter ending on November 3 soared 11.3% to $1.05 billion.

Net income in the quarter grew 5.4% to $56.7 million or 58 cents a diluted share compared to $48.9 million or 49 cents.

Net revenues in the fourth-quarter are expected between $1.37 billion and $1.43 billion and diluted earnings per share in the range of $1.30 to $1.37.