AutoZone, Kirkland

Mukesh Buch
23 May, 2017
New York City

AutoZone fell on weak result. Agilent Technologies beat profit estimates. Cracker Barrel declared special dividend and lifted forecast. DSW reaffirmed fiscal outlook. Nordson net plunged 9% but revenues soared 13%. Toll Brothers profit surged and improved fiscal estimate.

[R]12:55 PM New York – AutoZone fell on weak result. Agilent Technologies beat profit estimates. Cracker Barrel declared special dividend and lifted forecast. DSW reaffirmed fiscal outlook. Nordson net plunged 9% but revenues soared 13%. Toll Brothers profit surged and improved fiscal estimate.[/R]

Tollbooth Index dropped 57.56 or 0.5% to 12,053.05.

Earnings Review

AutoZone, Inc ((AZO)) plunged 8.9% or $58.57 to $600.92 after the automobile parts retailer said net sales in the third-quarter ending on May 6 rose 1% from a year ago to $2.6 billion.

Domestic same store sales in the quarter decreased 0.8%.

Net income in the quarter increased 1.3% to $331.7 million or $11.44 per diluted share from $327.5 million or $10.77 in the same quarter last year.

Agilent Technologies Inc ((A)) jumped 5% or $2.82 to $58.90 after the diagnostics equipment maker reported revenues in the second-quarter ending in April jumped 8% from a year ago to $1.1 billion.

Net income in the quarter surged 80.2% to $164 million or 50 cents per diluted share from $91 million or 28 cents in the same quarter last year.

Agilent forecasted third-quarter revenue in the range of $1.06 billion to $1.08 billion and non-GAAP earnings per share in the range of 49 cents to 51 cents.

In fiscal 2017 the equipment maker estimated revenue between $4.36 billion and $4.38 billion and non-GAAP earnings per share in the range of $2.15 to $2.21.

Cracker Barrel Old Country Store, Inc ((CBRL)) increased 91 cents to $162.32 after the restaurants operator stated total revenues in the third-quarter ending in April were flat from a year ago at $700.4 million.

Comparable restaurant sales fell 0.4% and average menu price increased 1.6% and comparable retail sales dropped 4.7% from the prior year quarter.

Net income in the quarter declined 5% to $46.9 million or $1.95 per diluted share from $49.2 million or $2.04 in the same quarter last year.

Cracker Barrel lifted fiscal 2017 diluted earnings per share in the range of $8.25 and $8.35 and total revenue of about $2.95 billion and comparable restaurant sales to grow between flat and 0.5%.

DSW Inc ((DSW)) plunged 9.1% or $1.60 to $16.08 after the footwear retailer said net sales in the first-quarter ending in April rose 1.4% from a year ago to $691.1 million.

Comparable store sales in the quarter slumped 3%.

Net income in the quarter declined 23.3% to $23 million or 28 cents per diluted share from $30 million or 36 cents in the same quarter last year.

The retailer reaffirmed full year diluted earnings per share forecast in the range of $1.45 to $1.55.

Kirkland''s, Inc ((KIRK)) plummeted 9.9% or 99 cents to $9.01 after the home decor and gifts retailer stated net sales in the first-quarter ending in April grew 2.3% from a year ago to $132.8 million.

Comparable store sales in the quarter dropped 3.8%.

Net in the quarter swung to a loss of $1.4 million or 9 cents per diluted share from profit of $0.9 million or 6 cents in the same quarter last year.

Nordson Corporation ((NDSN)) declined 5.4% or $7.05 to $124.01 after the adhesives, coatings, polymers maker said revenues in the second-quarter ending in April soared 13% from a year ago to $496.1 million.

Net income in the quarter plunged 8.6% to $64.5 million or $1.11 per diluted share from $70.6 million or $1.23 in the same quarter last year.

Nordson estimated third-quarter revenues to jump between 15% and 19% and diluted earnings per share in the range of $1.51 to $1.65.

Toll Brothers Inc ((TOL)) gained 29 cents to $38.32 after the luxury residential homes builder reported revenues in the second-quarter ending in April surged 22% from a year ago to $1.36 billion.

Net income in the quarter soared 39.8% to $124.6 million or 73 cents per diluted share from $89.1 million or 51 cents in the same quarter last year.

The home builder said home deliveries in the quarter jumped 26% to 1,638 units and net signed contracts advanced 23% to $2.02 billion and units surged 26% to 2,511 homes.

Backlog soared 19% to $5 billion and increased 22% to 6,018 units compared to the same period a year ago.

Toll Brothers estimated in the full-year it will deliver between 6,950 and 7,450 homes from the earlier estimated range of 6,700 units to 7,500 units, and average delivered home price was between $775,000 and $825,000.