Big Lots, Caleres, Deckers Ulta Salon Jump; Palo Alto Tumbles

Mukesh Buch
27 May, 2016
New York City

Big Lots net and sales rose 3%. Caleres net declined 8%. Deckers Outdoor, Palo Alto Networks and Splunk net loss widened. Multi-Color net plunged 29% but revenues surged 11%. NGL Energy net swung to a loss. Ulta Salon profit jumped 37% on 14% surge in revenues.

[R]12:00 PM New York – Big Lots net and sales rose 3%. Caleres net declined 8%. Deckers Outdoor, Palo Alto Networks and Splunk net loss widened. Multi-Color net plunged 29% but revenues surged 11%. NGL Energy net swung to a loss. Ulta Salon profit jumped 37% on 14% surge in revenues.[/R]

Tollbooth Index increased 45.89 or 0.4% to 10,672.42.

Earnings Review

Big Lots, Inc ((BIG)) surged 11.1% or $4.91 to $49.54 after the discount retailer said net sales in the first-quarter ending in April jumped 2.5% from a year ago to $1.3 billion.

Comparable store sales in the quarter advanced 3%.

Net income in the quarter rose 2.9% to $38.7 million or 79 cents per diluted share compared to $32.2 million or 60 cents per share from the same quarter last year.

Caleres Inc ((CAL)) soared 15.8% or $3.42 to $25.14 after the footwear retailer stated net sales in the first-quarter ending in April fell 2.9% from a year ago to $584.7 billion.

Comparable store sales in the quarter increased 1%.

Net income in the quarter declined 7.8% to $17.8 million or 41 cents per diluted share compared to $19.3 million or 44 cents per share from the same quarter last year.

Caleres forecasted net sales in the fiscal 2016 between $2.60 billion and $2.63 billion and diluted earnings per share in the range of $2 to $2.10.

Deckers Outdoor Corp ((DECK)) jumped 5% or $2.48 to $51.73 after the footwear, apparel and accessories retailer said sales in the fourth-quarter ending in March soared 11.2% from a year ago to $378.6 million.

Direct-to-consumer comparable sales advanced 2.6%.

Net loss in the quarter widened to $22.9 million or 73 cents per diluted share compared to $6.6 million or 4 cents per share from the same quarter last year.

Multi-Color Corporation ((LABL)) gained 57 cents to $62.35 after the commercial printing services provider stated net revenues in the fourth-quarter ending in March soared 10.5% from a year ago to $227.1 million.

Net income in the quarter declined 28.6% to $8.3 million or 49 cents per diluted share compared to $11.6 million or 69 cents per share from the same quarter last year.

NGL Energy Partners LP ((NGL)) jumped 3.6% or 48 cents to $13.92 after the refining services provider said total revenues in the fourth-quarter ending in March plunged 27.6% from a year ago to $2.33 billion.

Net in the quarter swung to a loss of $208.8 million or $1.99 per diluted share compared to profit of $93.6 million or 97 cents per share from the same quarter last year.

Palo Alto Networks Inc ((PANW)) tumbled 13.1% or $19.38 to $128.80 after the security services provider stated total revenues in the third-quarter ending in April jumped 48% from a year ago to $345.8 million.

Net loss in the quarter widened to $70.2 million or 80 cents per diluted share compared to $45.9 million or 56 cents per share from the same quarter last year.

Splunk Inc ((SPLK)) fell 26 cents to $54.67 after the real-time software provider reported total revenues in the first-quarter ending in April soared 48% from a year ago to $185.9 million.

Net loss in the quarter widened to $100.9 million or 77 cents per diluted share compared to $71.2 million or 57 cents per share from the same quarter last year.

In the second-quarter, Splunk estimated total revenues in the range of $198 million and $200 million.

The company lifted total revenues forecast in the fiscal 2017 between $892 million and $896 million from earlier estimated to approx $880 million on February 25.

Ulta Salon, Cosmetics & Fragrance, Inc ((ULTA)) soared 9.5% or $20.31 to $234 after the beauty products retailer reported total sales in the first-quarter ending on May 2 surged 23.7% from a year ago to $1.08 billion.

Comparable store sales in the quarter jumped 15.2%, mainly driven by 11% growth in traffic and 4.2% growth in average ticket and retail comparable sales rose 13.9%, including salon comparable sales growth of 7.7%.

Net income in the quarter jumped 37.4% to $91.8 million or $1.45 per diluted share compared to $66.9 million or $1.04 per share from the same quarter last year.

In the second-quarter of fiscal 2016, the company estimated net sales in the range of $1.04 billion to $1.06 billion compared to net sales of $877 million and comparable sales, including e-commerce sales, to increase between 11% and 13% from 10.1% in the same period a year ago.

The company forecaster diluted earnings share in the range of $1.32 to $1.37 compared to $1.15 reported in the same period a year ago.