Market Updates

Broadcom, Lululemon, Ulta Beauty Net Surge, United Natural Foods Net Swing to Loss

Manish Shah
29 Jan, 2019
New York

    Broadcom fourth-quarter net more than doubled to $1.1 billion. Lululemon third-quarter net jumped 60% to $94 million. Vail Resorts first-quarter net loss widened to $108 million. Ulta Beauty third-quarter net soared 25% to $131 million. United Natural Foods first-quarter net swung to a loss of $19 million.

[R]11:45 PM New York – Broadcom fourth-quarter net more than doubled to $1.1 billion. Lululemon third-quarter net jumped 60% to $94 million. Vail Resorts first-quarter net loss widened to $108 million. Ulta Beauty third-quarter net soared 25% to $131 million. United Natural Foods first-quarter net swung to a loss of $19 million.[/R]

 

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

 

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American Outdoor Brands Corporation ((AOBC)), 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 ((AVGO)), 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 ((BIG)), 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 ((JOUT)), 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 ((LULU)), 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 ((MTN)), 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 ((ULTA)), 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 ((UNFI)), 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.

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