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DAILY EARNINGS

Bob Evans, Chico's, Caleres Net Jump; H & R Block Net Loss Widens


Author: Mukesh Buch
ticker.com
Last Update: 3:45 AM ET August 31 2016

12:00 PM New York Bob Evans first-quarter net rose 3% to $9 million. Chico''s second-quarter net soared to $23 million. Caleres second-quarter net jumped 18% to $20 million. H & R Block first-quarter net loss widened to $124 million. TRC Companies fourth-quarter net declined 13% to $6 million.

Tollbooth Index dropped 66.56 or 0.6% to 10,948.76.

Earnings Review

Brown-Forman Corporation ((BF.A)), the spirit and wine maker said sales in the first-quarter ending in July fell 5% from a year ago at $856 million.

Net income in the quarter dropped 7% to $144 million or 36 cents per diluted share compared to the $156 million or 37 cents per share from the same quarter last year.

Bob Evans Farms Inc (BOBE), the full-service restaurant operator said revenues in the first-quarter ending on July 29 fell 5% from a year ago at $306.2 million.

Same restaurant sales in the quarter slumped 4.3%.

Net income in the quarter rose 3% to $9.2 million or 46 cents per diluted share compared to the $4.3 million or 31 cents per share from the same quarter last year.

Bob Evans forecasted net sales in the year in the range of $1.28 billion to $1.33 billion and same restaurants sales about negative low-single digit to flat and diluted earnings per share between $2 and $2.17.

Chico''''s FAS, Inc (CHS), the specialty apparel retailer said total net sales in the second-quarter ending in July plunged 7.3% from a year ago at $635.7 million.

Comparable store sales in the quarter dropped 3.5%.

Net income in the quarter soared to $23 million or 17 cents per diluted share compared to the $2.1 million or 2 cents per share from the same quarter last year.

Caleres Inc, formerly Brown Shoe Company, Inc (CAL), the footwear retailer stated sales in the second-quarter ending in July fell 2.3% from a year ago at $622.9 million.

Comparable store sales in the quarter decreased 1.1%.

Net income in the quarter jumped 17.9% to $19.8 million or 46 cents per diluted share compared to the $16.8 million or 38 cents per share from the same quarter last year.

H & R Block Inc (HRB), the tax and accounting services provider reported revenues in the first-quarter ending in July declined 9.4% from a year ago to $125.2 million.

Net loss in the quarter widened to $123.7 million or 56 cents per diluted share compared to the $99.7 million or 36 cents per share from the same quarter last year.

TRC Companies, Inc (TRR), the engineering and construction consultant said revenues in the fourth-quarter ending in June jumped 16% from a year ago to $132.3 million.

Net income in the quarter declined 13% to $5.9 million or 19 cents per diluted share compared to the $6.8 million or 22 cents per share from the same quarter last year.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc