Blue Apron, Dillard's, Kohl's, Macy's Plunge; Perrigo, Vista Outdoor Jump

Mukesh Buch
10 Aug, 2017
New York City

Blue Apron tumbled after net swung to a loss. Dillard''s plunged on disappointed results. Kohl''s beats profit forecasts. Macy''s net surged but sales declined. Perrigo surged after net loss narrowed. Vista Outdoor revenues plunged but reaffirmed fiscal outlook.

[R]12:45 PM New York – Blue Apron tumbled after net swung to a loss. Dillard''s plunged on disappointed results. Kohl''s beats profit forecasts. Macy''s net surged but sales declined. Perrigo surged after net loss narrowed. Vista Outdoor revenues plunged but reaffirmed fiscal outlook.[/R]

Tollbooth Index declined 162.81 or 1.3% to 12,237.36.

Earnings Review

Blue Apron Holdings Inc ((APRN)) tumbled 11.1% or 69 cents to $5.55 after the fresh ingredients provider said revenues in the second-quarter ending in June surged 18% from a year ago to $238.1 million.

Net in the quarter swung to a loss of $31.6 million or 47 cents per diluted share from profit of $5.5 million or break even cents in the same quarter last year.

The food provider company said increase in revenues is driven by an increase in orders and customers as number of its active customers jumped to 943,000 from 766,000 a year earlier but average revenue per customer declined by 5% to $251 and operating expenses surged 37%.

Dillard''s, Inc ((DDS)) plunged 13.8% or $10.10 to $63.16 after the department stores operator said net sales in the second-quarter ending on July 29 fell 1.4% from a year ago to $1.4 billion.

Comparable store sales in the quarter decreased 1%.

Net in the quarter swung to a loss of $17.1 million or 58 cents per diluted share from profit of $12.1 million or 35 cents in the same quarter last year.

Kohl''s Corporation ((KSS)) declined 7.5% or $3.13 to $38.81 after the department stores operator said net sales in the second-quarter ending on July 29 fell 0.9% from a year ago to $4.1 billion.

Comparable store sales in the quarter slid 0.4%.

Net income in the quarter soared 49% to $208 million or $1.24 per diluted share from $140 million or 77 cents in the same quarter last year.

Macy''s Inc ((M)) plummeted 9.3% or $2.15 to $20.88 after the consumer goods retailer reported sales in the second-quarter ending on July 29 declined 5.4% from a year ago to $5.6 billion.

Comparable store sales in the quarter dropped 2.8%.

Net income in the quarter surged to $116 million or 38 cents per diluted share from $11 million or 3 cents in the same quarter last year.

Perrigo Company Plc ((PRGO)) surged 19.3% or $12.80 to $79.17 after the healthcare services provider said net sales in the second-quarter ending on July 1 slumped 8% from a year ago to $1.2 billion.

Comparable store sales in the quarter dropped 2.8%.

Net loss in the quarter narrowed to $70 million or 49 cents per diluted share from $534 million or $3.73 in the same quarter last year.

The healthcare services provider forecasted fiscal 2017 diluted earnings per share in the range of 84 cents to $1.09.

Vista Outdoor Inc ((VSTO)) jumped 5.6% or $1.25 to $23.59 after the outdoor sports and recreation products maker said sales in the first-quarter ending on July 2 plunged 10% from a year ago to $568.7 million.

Net income in the quarter plunged 42.6% to $16.7 million or 29 cents per diluted share from $29.1 million or 48 cents in the same quarter last year.

Vista Outdoor reaffirmed fiscal 2017 sales forecast in the range of $2.36 billion to $2.42 billion and diluted earnings per share in the range of $1.10 to $1.30.