Ulta Salon Jumps; Big Lots, Cooper, Genesco Five Below Decline

Mukesh Buch
05 Dec, 2014
New York City

Big Lots tumbled after quarterly net loss narrowed. Cooper net plummeted 46% but revenues soared 14%. Genesco profit rose 3%. Five Below plunged despite net surged 94% and sales climbed 24%. Finisar net swung to a loss. Ulta Salon net soared 30% on 20% increase in revenues.

[R]11:35 AM New York – Big Lots tumbled after quarterly net loss narrowed. Cooper net plummeted 46% but revenues soared 14%. Genesco profit rose 3%. Five Below plunged despite net surged 94% and sales climbed 24%. Finisar net swung to a loss. Ulta Salon net soared 30% on 20% increase in revenues.[/R]

Tollbooth Index edged down 0.01% or 0.65 to 10,016.77.

Earnings Review

Big Lots, Inc ((BIG)) tumbled 14.1% or $6.75 to $41.20 after the discount store operator said net sales in the third-quarter ending on November 1 edged up 0.9% to $1.11 billion from a year ago period. Comparable store sales in the quarter increased 1.4%.

Net loss in the quarter narrowed to $3.44 million or 6 cents a diluted share compared to $9.52 million or 17 cents from a same quarter last year.

The Cooper Companies, Inc ((COO)) declined 4.4% or $7.44 to $161.59 after the medical device maker stated revenues in the fourth-quarter ending in October soared 14% to $468 million from a year ago period.

Net income in the quarter plummeted 46.3% to $30.8 million or 63 cents a diluted share compared to $57.4 million or $1.15 from a same quarter last year.

Genesco Inc ((GCO)) plunged 8.3% or $6.71 to $73.91 after the footwear, apparel and accessory retailer reported net sales in the third-quarter ending on November 1 climbed 8% to $722.9 million from a year ago period.

Comparable store sales in the quarter jumped 3% with a 6% increase in the Journeys Group, a 1% increase in the Lids Sports Group, and flat comparable sales in the Schuh and Johnston & Murphy Groups.

Net earnings in the quarter jumped 3.2% to $28.7 million or $1.21 a diluted share compared to $27.8 million or $1.18 from a same quarter last year.

Five Below Inc ((FIVE)) plummeted 14.3% or $6.10 to $36.75 after the department store operator said net sales in the third-quarter ending on November 1 climbed 24.6% to $138 million from a year ago period. Comparable store sales in the quarter increased 1.5%.

Net loss in the quarter surged 94.1% to $3.3 million or 6 cents a diluted share compared to $1.7 million or 3 cents from a same quarter last year.

For the fourth quarter, the retailer forecasted net sales to be in the range of $262 million to $266 million and net income is expected between $32.5 million and $33.8 million and diluted earnings per share in the range of 59 cents to 62 cents.

Finisar Corporation ((FNSR)) rose 2 cents to $17.09 after the communication network provider stated revenues in the second-quarter ending on October 26 increased 2.1% to $296.9 million from a year ago period.

Net in the quarter swung to a loss of $11.4 million or 11 cents a diluted share compared to profit of $29.9 million or 29 cents from a same quarter last year.

Ulta Salon, Cosmetics & Fragrance, Inc ((ULTA)) jumped 3.5% or $4.40 to $130.14 after the beauty products retailer reported net sales in the third-quarter ending on November 1 climbed 20.5% to $745.7 billion from a year ago period.

Comparable store sales in the quarter soared 9.5%, E-commerce comparable sales surged 46.7% and comparable salon sales jumped 10.1%.

Net income in the quarter advanced 30.1% to $59.1 million or 91 cents a diluted share compared to $45.4 million or 70 cents from a same quarter last year.