Ulta Salon, Genesco Rise; Big Lots, Barnes & Noble, Cooper Decline

Mukesh Buch
04 Dec, 2015
New York City

Big Lots net loss narrowed. Barnes & Noble net swung to a loss. Cooper net soared 31%. Genesco net soared 13%. Kroger profit surged 18%. OmniVision net tumbled 50% on 13% decline in revenues. Ulta Salon lifted earnings outlook after profit jumped 20%.

[R]11:20 AM New York – Big Lots net loss narrowed. Barnes & Noble net swung to a loss. Cooper net soared 31%. Genesco net soared 13%.Kroger profit surged 18%. OmniVision net tumbled 50% on 13% decline in revenues. Ulta Salon lifted earnings outlook after profit jumped 20%.[/R]

Tollbooth Index jumped 118.87 or 1.1% to 10,952.42.

Earnings Review

Ambarella Inc ((AMBA)) declined 4.8% or $2.78 to $55.10 after the high-definition video chip maker said revenues in the third-quarter ending in October soared 41.9% from a year ago to $93.2 million.

Net income in the quarter surged 61.2% to $29.5 million or 87 cents per diluted share compared to $18.3 million or 57 cents per share from the same quarter last year.

Big Lots, Inc ((BIG)) dropped 2.1% or 89 cents to $41.83 after the discount retailer reported net sales in the third-quarter ending in October increased 0.8% from a year ago to $1.12 billion.

The company said comparable store sales increase was partially offset by lower store count compared to last year.

Net loss in the quarter narrowed to $1.5 million or 3 cents per diluted share compared to $3.4 million or 6 cents per share from the same quarter last year.

Barnes & Noble, Inc ((BKS)) tumbled 16.5% or $1.98 to $10.06 after the media and educational products retailer said sales in the second-quarter ending in October declined 4.5% from a year ago to $895 million.

Comparable store sales excluding NOOK products in the quarter rose 1.1%.

Net in the quarter swung to a loss of $39.2 million or 52 cents per diluted share compared to profit of $12.3 million or 12 cents per share from the same quarter last year.

Cooper Companies Inc ((COO)) plunged 11.9% or $16.98 to $125.01 after the medical devices maker reported revenues in the fourth-quarter ending in October dropped 3% from a year ago to $455.5 million.

Net income in the quarter jumped 30.8% to $36.7 million or 75 cents per diluted share compared to $30.8 million or 63 cents per share from the same quarter last year.

Genesco Inc ((GCO)) gained 1.5% or 80 cents to $53 after the footwear, apparel and accessories retailer said net sales in the third-quarter ending in October jumped 7% from a year ago to $774 million.

Comparable store sales and comparable e-commerce and catalog sales in the quarter soared 7%.

Net income in the quarter soared 13.2% to $32.5 million or $1.42 per diluted share compared to $28.7 million or $1.21 per share from the same quarter last year.

Kroger Co ((KR)) slid 5 cents to $39.86 after the food and drugs retailer reported total sales in the third-quarter ending in October edged up 0.5% from a year ago to $25.1 billion.

Net income in the quarter surged 18.2% to $428 million or 43 cents per diluted share compared to $362 million or 36 cents per share from the same quarter last year.

Kroger reported LIFO charge in the quarter of about $9 million compared to $85 million in the same period a year ago.

The retailer lifted diluted earnings per share forecast for the year in the range of $2.02 to $2.04 from earlier estimated range between $1.92 and $1.98.

OmniVision Technologies, Inc ((OVTI)) rose 7 cents to $29.43 after the image-sensor devices maker said revenues in the second-quarter ending in October plummeted 12.9% from a year ago to $343.1 million.

Net income in the quarter tumbled 50.4% to $13.9 million or 23 cents per diluted share compared to $28 million or 47 cents per share from the same quarter last year.

For the third-quarter, OmniVision forecasted revenues in the range of $310 million to $340 million and diluted earnings per share between 11 cents and 26 cents.

Ulta Salon, Cosmetics & Fragrance, Inc ((ULTA)) surged 9.2% or $14.94 to $177.95 after the beauty products retailer reported total sales in the third-quarter ending in October advanced 22.1% from a year ago to $910.7 million.

Comparable store sales in the quarter soared 12.8%, the increase was mainly driven by 10.6% growth in transactions and 2.2% growth in average ticket. Retail comparable sales surged 10.9%, including salon comparable sales growth of 10.9%

Net income in the quarter jumped 20.2% to $71.1 million or $1.11 per diluted share compared to $59.1 million or 91 cents per share from the same quarter last year.

The company lifted net sales forecast for the fourth-quarter in the range of $1.21 billion to $123 billion compared to reported net sales of $1.05 billion in the same period a year ago.

The retailer estimated comparable sales for the fourth-quarter to increase 11.1% and diluted earnings per share in the range of $1.48 to $1.53 from $1.35 reported in the fourth-quarter of 2014.