U.S. Movers: Casey's General, Ciena Corp., Dick's Sporing Goods, Kohl's, United Natural Foods

Scott Peters
12 Mar, 2025
New York City

United Natural Foods Inc. gained 1% to $26.09 after the grocery wholesaler reported results for the fiscal second quarter of 2025.

Net sales increased 4.9% to $8.16 billion from $7.77 billion, net loss shrank to $3 million from a loss of $15 million, and adjusted earnings per share rose to 22 cents from 7 cents a year ago.

The company guided raising the full-year outlook for all financial metrics other than capital spending.

Net sales in fiscal 2025 are expected to be between $31.3 billion and $31.7 billion, up 3.6% from $30.98 billion a year ago, adjusted EBITDA between $550 million and $580 million, up from $518 million, and adjusted earnings per share between 70 cents and 90 cents, up from 14 cents in 2024.

Casey's General Stores Inc. surged 3.2% to $391.0 after the convenience store operator reported results for the fiscal third quarter of 2025.

Revenue increased to $3.90 billion from $3.33 billion, net income jumped to $87.10 million from $86.93 million a year ago, and diluted earnings per share were flat at $2.33.

Inside same-store sales increased 3.7% compared to the prior year and 8.0% on a two-year stack basis, with an inside margin of 40.9%.

Same-store fuel gallons were up 1.8% from a year ago, with a fuel margin of 36.4 cents per gallon.

Same-store operating expenses excluding credit card fees were up 3.2%, favorably impacted by a 2% reduction in same-store labor hours.

For fiscal 2025, the company expects same-store sales to increase between 3% and 5% with the inside margin to be comparable to the prior year.

The company expects to add approximately 270 stores for the year.

Same-store fuel gallons sold is expected to be between negative 1% and positive 1%.

The company expects total operating expenses to increase between 11% and 13% for the fiscal year, including $25 million to $30 million in one-time deal and integration costs related to the Fikes acquisition, while same-store operating expenses excluding credit card fees are expected to only increase 2% for the year.

Casey’s estimated EBITDA is expected to increase 11%, and the purchase of property and equipment is expected to be approximately $500 million.

The company has approximately $295 million remaining under its existing share repurchase authorization.

Casey's proposed a quarterly dividend of 50 cents per share, payable on May 15 to shareholders on record as of May 1.

DICK'S Sporting Goods dropped 1.2% to $208.50 after the athletic goods retailer reported increased sales in the fiscal fourth quarter of 2024.

Net sales increased to $3.89 billion from $3.88 billion, net income jumped to $300 million from $296 million, and diluted earnings per share edged up to $3.62 from $3.57 a year ago.

For the full year, comparable sales advanced 5.2%, driven by growth in average ticket size and transactions.

The company guided for fiscal 2025 comparable sales to grow between 1% and 3% and diluted earnings per share to be between $13.80 and $14.40, compared to $14.05 in 2024.

Net sales are estimated to be between $13.6 billion and $13.9 billion, up from $13.44 billion in 2024, and net capital expenditure would be approximately $1.0 billion, compared to $726 million in 2024.

DICK’S authorized a new five-year share repurchase program for up to $3 billion.

The sporting products retailer proposed a quarterly cash dividend of $1.2125 per share, up 10% from the previous dividend, and an annualized dividend of $4.85, payable on April 11 to stockholders on record as of March 28.

Kohl's Inc. plunged 14.5% to $10.30 after the department store chain reported lower sales in the fiscal fourth quarter of 2024.

Net sales declined to $5.17 billion from $5.71 billion, net income slumped to $48 million from $186 million, and diluted earnings per share fell to 43 cents from $1.67 a year ago.

Comparable sales in the quarter decreased 6.7% and declined 6.5% during the full year.

The company guided for fiscal 2025 net sales to drop between 5% and 7%, comparable sales down 4% to 6%, and diluted earnings per share between 10 cents and 60 cents, compared to 98 cents in 2024.

The operating margin is estimated to be between 2.2% and 2.6% and capital expenditures between $400 million and $425 million.

Kohl’s proposed a quarterly cash dividend of 12.5 cents per share, payable on April 2 to shareholders on record as of March 21.

Ciena Corp. dropped 0.4% to $63.71 after the provider of optical switches and routing systems, services, and automation software reported results for the fiscal first quarter of 2025.

Revenue increased to $1.07 billion from $1.04 billion, net income declined to $44.57 million from $49.55 million, and diluted earnings per share fell to 31 cents from 34 cents a year ago.

The company repurchased approximately 1.0 million shares of common stock for the aggregate price of $79.2 million during the quarter.