Dollar General Profit Jumps, Stein Mart Tumbles

Mukesh Buch
10 Mar, 2016
New York City

AEP Ind net soared. Cantel Medical profit and revenues jumped. Coca-Cola Bottling net and revenues surged above 40%. Dollar General net jumped 6% and lifted fiscal outlook. Ferrellgas net plummeted 23%. Korn/Ferry net swung to a loss. Stein Mart net plunged 49%. Vail Resorts net rose.

[R]12:00 PM New York – AEP Ind net soared. Cantel Medical profit and revenues jumped. Coca-Cola Bottling net and revenues surged above 40%. Dollar General net jumped 6% and lifted fiscal outlook. Ferrellgas net plummeted 23%. Korn/Ferry net swung to a loss. Stein Mart net plunged 49%. Vail Resorts net rose.[/R]

Tollbooth Index added 16.85 or 0.2% to 10,397.48.

Earnings Review

AEP Industries ((AEP)) fell 32 cents to $79.50 after the plastic packaging films maker said net sales in the first-quarter ending in January slumped 7.9% from a year ago to $253.6 million.

Net income in the quarter surged to $7.9 million or $1.54 per diluted share compared to $0.47 million or 9 cents per share from the same quarter last year.

Cantel Medical Corp ((CMN)) jumped 2.8% or $1.88 to $68.97 after the medical equipment maker reported sales in the second-quarter ending in January soared 16.9% from a year ago to $158.3 million.

Net income in the quarter jumped 38.7% to $15.4 million or 37 cents per diluted share compared to $11.1 million or 27 cents per share from the same quarter last year.

Coca-Cola Bottling Co ((COKE)) gained 1.9% or $3.50 to $181.60 after the non-alcoholic beverages producer stated revenues in the fourth-quarter ending on January 3 jumped 40.6% from a year ago to $619.7 million.

Net income in the quarter soared 43.3% to $4.3 million or 46 cents per diluted share compared to $3 million or 32 cents per share from the same quarter last year.

Dollar General Corporation ((DG)) soared 8.5% or $6.40 to $81.59 after the discount retailer reported net sales in the fourth-quarter ending in January advanced 7% from a year ago to $5.29 billion.

Comparable sales in the quarter increased 2.2%.

Net income in the quarter rose 5.9% to $376.2 million or $1.30 per diluted share compared to $355.4 million or $1.17 per share from the same quarter last year.

The retailer estimated net sales in fiscal 2016 to jump between 7% and 10% and same store sales to increase in the range of 2% to 4% and diluted earnings per share to soar between 10% and 15%.

Ferrellgas Partners, L.P ((FGP)) slumped 2.6% or 45 cents to $16.70 after the propane and related equipment provider stated total revenues in the second-quarter ending in January increased 2.5% from a year ago to $649.2 million.

Net income in the quarter plummeted 23% to $56.6 million or 58 cents per diluted share compared to $73.5 million or $1.02 per share from the same quarter last year.

Korn/Ferry International ((KFY)) dropped 2.2% or 61 cents to $27.45 after the talent consulting services provider reported revenues in the third-quarter ending in January advanced 38.6% from a year ago to $358.9 million.

Net in the quarter swung to a loss of $16 million or 30 cents per diluted share compared to profit of $22.9 million or 46 cents per share from the same quarter last year.

Stein Mart, Inc ((SMRT)) tumbled 13.9% or $1.11 to $6.89 after the specialty store operator said total sales in the fourth-quarter ending in January rose 1.8% from a year ago to $394.1 million.

Comparable sales in the quarter slipped 1.1% and online sales jumped 70%.

Net income in the quarter plunged 48.8% to $6.3 million or 13 cents per diluted share compared to $12.3 million or 27 cents per share from the same quarter last year.

Vail Resorts, Inc ((MTN)) decreased 58 cents to $132.23 after the mountain resort operator reported total net revenues in the second-quarter ending in January advanced 20.2% from a year ago to $599.4 million.

Net income in the quarter grew 1.1% to $117 million or $3.14 per diluted share compared to $115.8 million or $3.10 per share from the same quarter last year.