Market Updates
TJX Estimates 20% Jump in Earnings, Toll Brothers Home Deliveries Soar
Mukesh Buch
22 May, 2018
New York City
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Advance Auto Parts net soared but sales fell. AutoZone earnings beat estimates. Cracker Barrel profit and revenues jumped. Dycom tumbled on lowered outlook. Kohl`s traded lower. TJX estimated 2019 earnings to jump 20%. Toll Brothers net surged.
[R]12:30 PM New York City, New York – Advance Auto Parts net soared but sales fell. AutoZone earnings beat estimates. Cracker Barrel profit and revenues jumped. Dycom tumbled on lowered outlook. Kohl`s traded lower. TJX estimated 2019 earnings to jump 20%. Toll Brothers net surged.[/R]
Tollbooth Index edged up 11.60 to 15,294.55 but for the year-to-date jumped 11.1%.
Earnings Review
Advance Auto Parts, Inc ((AAP)) slipped 1.5% or $1.78 to $117.37 after the automobile parts and accessories retailer reported net sales in the first-quarter ending on April 21 slid 0.6% from a year ago to $2.9 billion.
Comparable store sales in the quarter decreased 0.8%.
Net income in the quarter soared 26.6% to $136.7 million or $1.84 per diluted share from $108 million or $1.46 in the same quarter last year.
AutoZone Inc ((AZO)) plunged 6.9% or $45.66 to $619.43 after the aftermarket automobile parts and accessories supplier said net sales in the third-quarter ending on May 5 increased 1.6% from a year ago to $2.7 billion.
Same store sales in the quarter increased 0.6%.
Net income in the quarter jumped 10.6% to $366.7 million or $13.42 per diluted share from $331.7 million or $11.44 in the same quarter last year.
Cracker Barrel Old Country Store, Inc ((CBRL)) gained 1.4% or $2.27 to $161.10 after the full-service restaurants operator stated total revenues in the third-quarter ending on April 27 advanced 3% from a year ago to $721.4 million.
Comparable store sales in the quarter rose 1.5%.
Net income in the quarter increased 3.9% to $48.7 million or $2.03 per diluted share from $46.9 million or $1.95 in the same quarter last year.
The restaurants operator forecasted fiscal 2018 diluted earnings per share in the range of $10.35 and $10.45 and reaffirmed total revenue of $3.1 billion.
Dycom Industries, Inc ((DY)) tumbled 20.1% or $23.40 to $92.80 after the engineering contracting services provider said revenues in the first-quarter ending on April 28 declined 10% from a year ago to $731.4 million.
Net income in the quarter plunged 55.7% to $17.2 million or 53 cents per diluted share from $38.8 million or $1.22 in the same quarter last year.
Dycom lowered fiscal 2019 revenues growth forecast between $3.23 billion and $3.43 billion from the earlier estimate of $3.30 billion and $3.50 billion and diluted earnings per share in the range of $3.81 to $4.70 from the earlier estimate of $4.78 - $5.70.
Kohl`s Corporation ((KSS)) declined 6.7% or $4.35 to $61.12 after the department store operator said total revenues in the first-quarter ending on May 5 rose 3.5% from a year ago to $4.2 billion.
Comparable store sales in the quarter jumped 3.6%.
Net income in the quarter advanced 14% to $75 million or 64 cents per diluted share from $66 million or 39 cents in the same quarter last year.
The retailer lifted fiscal 2018 diluted earnings per share forecast in the range of $5.05 to $5.50 from the earlier estimate of $4.95 to $5.45.
The TJX Companies, Inc ((TJX)) jumped 3.8% or $3.20 to $87.90 after the off-price retailer reported net sales in the first-quarter ending on May 5 soared 12% from a year ago to $8.7 billion.
Comparable store sales in the quarter advanced 3%.
Net income in the quarter surged 33.6% to $716.4 million or $1.13 per diluted share from $536.3 million or 82 cents in the same quarter last year.
The discount retailer forecasted fiscal 2019 diluted earnings per share to be in the range of $4.75 to $4.83, representing 18% to 20% increase from a year ago period.
Toll Brothers, Inc ((TOL)) plummeted 7.8% or $3.38 to $40.25 after the luxury homebuilder reported revenues in the second-quarter ending in April surged 21.5% from a year ago to $2.8 billion.
Net income in the quarter jumped 25% to $243.9 million or $1.55 per diluted share from $195.1 million or $1.15 in the same quarter last year.
The homebuilder said home building deliveries in the quarter soared 15% to 1,886 units and net signed contract value surged 18% to $2.38 billion and contract units advanced 6% to 2,666 homes.
Annual Returns
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Earnings
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