Big Lots, Cooper, Foot Locker, Fresh Market Climb; Staples Falls

Mukesh Buch
06 Mar, 2015
New York City

Buckle comparable store sales in February fell 3%. Big Lots net jumped 6%. Cooper net plunged 15%. Foot Locker net surged 21%. Fresh Market jumped more than ten-fold on 13% increase in revenues. Gap comparable store sales dropped 4%. Staples net climbed 23%.

[R]12:05 PM New York – Buckle comparable store sales in February fell 3%. Big Lots net jumped 6%. Cooper net plunged 15%. Foot Locker net surged 21%. Fresh Market jumped more than ten-fold on 13% increase in revenues. Gap comparable store sales dropped 4%. Staples net climbed 23%.[/R]

Tollbooth Index slipped 0.6% or 62.02 to 10,681.02.

Earnings Review

Buckle Inc ((BKE)) rose 5 cents to $48.49 after the apparel, footwear, and accessories retailer said comparable store sales in February decreased 2.7% and net sales dropped 0.9% to $88.6 million from $89.5 million a year ago period.

Big Lots, Inc ((BIG)) climbed 4% or $1.91 to $49.73 after the discount store operator reported net sales in the fourth-quarter ending in January increased 1.4% to $1.59 billion form a year ago period.

Net income in the quarter jumped 5.9% to $94.4 million or $1.77 per diluted share compared to $84.4 million or $1.45 from the same quarter last year.

Cooper Companies Inc ((COO)) surged 8.6% or $14.25 to $179.51 after the medical device maker stated net sales in the first-quarter ending in January soared 10% to $445.2 million form a year ago period.

Net income in the quarter plunged 14.8% to $61.2 million or $1.25 per diluted share compared to $71.8 million or $1.47 from the same quarter last year.

The company lowered revenues forecast for the year to between $1.86 billion to $1.91 billion from the earlier estimate in the range between $1.90 billion to $1.96 billion

The company revised its adjusted earnings per share in the range of $7.40 to $7.70 from the previous guidance between $7.30 and $7.70.

Foot Locker, Inc ((FL)) soared 4.7% or $2.70 to $59.73 after the athletic shoes and apparel retailer reported sales in the fourth-quarter ending in January climbed 6.7% to $1.91 billion form a year ago period.

Net income in the quarter surged 20.7% to $146 million or $1.01 per diluted share compared to $121 million or 81 cents from the same quarter last year.

The Fresh Market Inc ((TFM)) jumped 3.5% or $1.39 to $41.02 after the gourmet food retailer said net sales in the fourth-quarter ending in January climbed 12.8% to $480.5 million form a year ago period. Comparable store sales in the quarter advanced 3%.

Net income in the quarter jumped more than ten-fold to $20.2 million or 42 cents per diluted share compared to $2 million or 4 cents from the same quarter last year.

Gap Inc ((GPS)) fell 37 cents to $41.06 after the specialty apparel retailer reported same-store sales in February dropped 4%. Net sales decreased 1.2% to $918 million from $929 million in a year ago month.

Staples, Inc ((SPLS)) declined 3.1% or 52 cents to $15.98 after the office products retailer reported total sales in the fourth-quarter ending in January dropped 4% to $5.7 billion form a year ago period. Comparable store sales in the quarter declined 4%.

Net income in the quarter climbed 22.6% to $260 million or 41 cents per diluted share compared to $212 million or 33 cents from the same quarter last year.