Broadcom Profit Doubled, Lululemon Net Declines; Ulta Beauty Net Surges

Mukesh Buch
29 Jan, 2019
New York City

American Outdoor surged on batter-than-expected results. Big Lots net swung to a loss. Broadcom beat earnings estimates. Lululemon declined despite strong third-quarter results. Vail Resorts net loss widened on flat revenues. Ulta Beauty net soared on 16% jump in revenues.

Tollbooth Index advanced 86.57 or 0.6% to 14,915.51 but for the year-to-date soared 8.4%.

Earnings Review   

American Outdoor Brands Corporation, surged 18.8% or $2.30 to $14.51 after the firearms provider said revenues in the second-quarter ending in October soared 8.9% from a year ago to $161.7 million.

Net income in the quarter doubled to $6.7 million or 12 cents per diluted share from $3.2 million or 6 cents in the same quarter last year.

The firearms provider forecasted fiscal 2019 net sales in the range of $625 million to $635 million and diluted earnings per share in the range of 38 cents to 42 cents.

Broadcom Inc, jumped 4.3% or $9.9 to $237.11 after the semiconductor and infrastructure software provider reported revenues in the fourth-quarter ending on November 4 surged 12% from a year ago to $5.4 billion.

Net income in the quarter more than doubled to $1.1 billion or $2.64 per diluted share from $532 million or $1.25 in the same quarter last year.

Broadcom forecasted revenues in the fiscal 2019 of about $24.5 billion and operating margin of about 20%.

Big Lots Inc, tumbled 18.9% or $7.59 to $32.71 after the discount retailer net sales in the third-quarter ending on November 3 jumped 3.6% from a year ago to $1.1 billion.

Comparable store sales in the quarter advanced 3.4%.

Net in the quarter swung to a loss of $6.6 million or 16 cents per diluted share from profit of $4.4 million or 10 cents in the same quarter last year.

The discount retailer reaffirmed fiscal 2018 forecasted comparable store sales to increase 1% and diluted earnings per share in the range of $3.55 to $3.75 from $4.45 in the same period a year ago.

Johnson Outdoors Inc, plunged 15.5% or $10.75 to $58.85 after the outdoor recreation equipment maker said revenues in the fourth-quarter ending on September 28 fell 0.8% from a year ago to $91.1 million.

Net in the quarter swung to a loss of $5 million or 49 cents per diluted share from profit of $0.6 million or 6 cents in the same quarter last year.

Lululemon Athletica Inc, slumped 4.7% or $6.13 to $125.31 after the athletic apparel retailer revenues in the third-quarter ending on October 28 surged 20.8% from a year ago to $747.7 million.

Comparable store sales in the quarter soared 17%.

Net income in the quarter jumped 60.3% to $94.4 million or 71 cents per diluted share from $58.9 million or 43 cents in the same quarter last year.

The apparel retailer forecasted fiscal 2018 net revenue in the range of $3.24 billion to $3.25 billion and comparable sales increase in the mid-teens and diluted earnings per share in the range of $3.61 to $3.64.

Vail Resorts Inc, plummeted 12.2% or $33.07 to $238.70 after the mountain resort operator said revenues in the first-quarter ending in October were flat from a year ago to $200 million.

Net loss in the quarter widened to $107.8 million or $2.26 per diluted share from $28.4 million or 71 cents in the same quarter last year.

The mountain resort operator reaffirmed fiscal 2019 operating profit in the range of $718 million to $750 million.

Ulta Beauty Inc, dropped 7.9% or $23.32 to $269.60 after the cosmetics, skin and hair care products retailer reported net sales in the third-quarter ending on October 28 jumped 16.2% from a year ago to $1.6 billion.

Comparable store sales in the quarter jumped 7.8% and retail comparable sales increased 4.4% and online sales surged 43% to $170.7 million.

Net income in the quarter soared 25.3% to $131.2 million or $2.18 per diluted share from $104.6 million or $1.70 in the same quarter last year.

The beauty products retailer forecasted fiscal 2018 net sales in the range of $2.08 billion to $2.10 billion from $1.9 billion in a year ago period and comparable sales growth in the range of 7% to 8% and diluted earnings per share growth in the low twenties percentage range.

United Natural Foods Inc, tumbled 24.1% or $4.76 to $14.97 after the food wholesaler stated revenues in the first-quarter ending on October 27 surged 16.7% from a year ago to $2.9 billion.

Net in the quarter swung to a loss of $19.3 million or 38 cents per diluted share from profit of $30.5 million or 60 cents in the same quarter last year.

The food wholesaler forecasted fiscal 2019 net sales in the range of $21.5 billion to $22 billion and diluted loss per share of 19 or diluted earnings per share of 1 cent.