Market Updates

TJX Estimates 20% Jump in Earnings, Toll Brothers Home Deliveries Soar

Mukesh Buch
22 May, 2018
New York City

    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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