Dollar Tree Surges 12%, Abercrombie & Fitch Plunges 17%

Mukesh Buch
26 May, 2016
New York City

Abercrombie & Fitch net loss narrowed. Chico''s net and sales fell. Costco profit rose 6%. Dollar Tree net and revenues surged. Dollar General net soared 17%. Fred''s net swung to profit. Genesco net jumped 5%. RBC Bearings net surged 27%. Sears net loss widened. Tech Data net plunged 35%.

[R]2:00 PM New York – Abercrombie & Fitch net loss narrowed. Chico''s net and sales fell. Costco profit rose 6%. Dollar Tree net and revenues surged. Dollar General net soared 17%. Fred''s net swung to profit. Genesco net jumped 5%. RBC Bearings net surged 27%. Sears net loss widened. Tech Data net plunged 35%.[/R]

Tollbooth Index increased 35.18 or 0.3% to 10,616.78.

Earnings Review

Abercrombie & Fitch Co ((ANF)) tumbled 17.1% or $4.29 to $20.79 after the specialty retailer said net sales in the first-quarter ending in April fell 3% from a year ago to $685.5 million.

Comparable store sales in the quarter declined 4%.

Net loss in the quarter narrowed to $39.6 million or 59 cents per diluted share compared to $63.2 million or 91 cents per share from the same quarter last year.

Chico''s FAS, Inc ((CHS)) slipped 2.9% or 32 cents to $10.53 after the women''s specialty retailer stated in the first-quarter ending in April declined 7.9% from a year ago to $643 million.

Comparable store sales in the quarter slumped 4.2%.

Net income in the quarter fell 4.3% to $31.1 million or 23 cents per diluted share compared to $32.5 million or 22 cents per share from the same quarter last year.

Costco Wholesale Corporation ((COST)) rose 3.8% or $5.55 to $150.09 after the membership warehouses operator reported net sales in the third-quarter ending on May 8 increased 2% from a year ago to $26.15 billion.

Comparable store sales in the quarter were flat to break even.

Net income in the quarter jumped 5.6% to $545 million or $1.24 per diluted share compared to $516 million or $1.17 per share from the same quarter last year.

Dollar Tree, Inc ((DLTR)) surged 12.3% or $9.64 to $88 after the discount variety stores operator reported net sales in the first-quarter ending in April soared 133.6% from a year ago to $5.09 billion.

Same store sales in the quarter increased 2.3%.

Net income in the quarter surged 234.8% to $232.7 million or 98 cents per diluted share compared to $69.5 million or 34 cents per share from the same quarter last year.

Dollar General Corp ((DG)) jumped 4.3% or $3.64 to $87.78 after the discount retailer reported sales in the first-quarter ending on April 2 advanced 7% from a year ago to $5.27 billion.

Same store sales in the quarter rose 2.2%.

Net income in the quarter soared 16.6% to $295 million or $1.03 per diluted share compared to $253 million or 84 cents per share from the same quarter last year.

Fred''s, Inc ((FRED)) advanced 3.3% or 45 cents to $14.23 after the discount stores operator said total revenues in the first-quarter ending in April jumped 8% from a year ago to $549.5 million.

Comparable store sales in the quarter rose 1%.

Net in the quarter swung to profit $1.3 million or 3 cents per diluted share compared to a loss of $0.03 million or break even cents per share from the same quarter last year.

Genesco Inc ((GCO)) soared 9.3% or $5.47 to $64.42 after the footwear, apparel and accessories retailer net sales in the first-quarter ending in April slid 2% from a year ago to $648.8 million.

Same store sales in the quarter gained 1%.

Net income in the quarter jumped 5% to $10.4 million or 50 cents per diluted share compared to $9.9 million or 42 cents per share from the same quarter last year.

RBC Bearings Inc ((ROLL)) jumped 4.7% or $3.46 to $77.65 after the bearings maker said in the fourth-quarter ending on April 2 surged 43.1% from a year ago to $162.3 million.

Net income in the quarter soared 26.8% to $18.9 million or 81 cents per diluted share compared to $14.9 million or 64 cents per share from the same quarter last year.

Sears Holdings Corp ((SHLD)) increased 4.1% or 53 cents to $13.03 after the integrated retailer stated in the first-quarter ending in April slumped 8.5% from a year ago to $5.39 billion.

Comparable store sales in the quarter plunged 6.1% and comparable store sales at Kmart declined 5%.

Net loss in the quarter widened to $471 million or $4.41 per diluted share compared to $303 million or $2.85 per share from the same quarter last year.

Tech Data Corp ((TECD)) soared 4.7% or $3.29 to $72.70 after the computer and electronic products distributor said in the first-quarter ending in April rose 1% from a year ago to $5.96 billion.

Net income in the quarter plunged 34.9% to $33.4 million or 94 cents per diluted share compared to $51.3 million or $1.38 per share from the same quarter last year.