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DAILY EARNINGS

Cracker Barrel Net Jumps, FedEx Net Drops; Ascena Net Swings to Loss


Author: Mukesh Buch
ticker.com
Last Update: 12:43 PM ET September 16 2015

12:30 AM New York Ascena Retail fourth-quarter net swung to a loss of $323 million. Cracker Barrel fourth-quarter net soared 21% to $47 million. FedEx first-quarter net declined 6% to $692 million. United Natural Foods fourth-quarter net jumped 8% to $36 million.

Tollbooth Index gained 44.84 or 0.4% to 10,466.82.

Earnings Review

Ascena Retail Group Inc (ASNA), the specialty retailer said net sales in the fourth-quarter ending on July 25 fell 1.1% from a year ago to $1.17 billion.

Comparable store sales in the quarter decreased 2%.

Net in the quarter swung to a loss of $323.4 million or $1.98 per diluted share compared to profit of $15.7 million or 10 cents from the same quarter last year.

Cracker Barrel Old Country Store, Inc (CBRL), the restaurants and bars operator stated total revenues in the fourth-quarter ending in July increased 3.8% from a year ago to $719.2 million.

Comparable sales in the quarter increased 0.8% and comparable restaurant sales jumped 3.8% and comparable retail sales rose 0.6%.

Net income in the quarter soared 21% to $47.4 million or $1.97 per diluted share compared to $39.2 million or $1.63 from the same quarter last year.

The company estimated earnings per diluted share for the first-quarter of 2016 between $1.50 and $1.60.

For fiscal 2016, the company forecasted total revenue between $2.90 billion and $2.95 billion and earnings per diluted share in the range of $7.15 to $7.30.

Comparable restaurant sales estimated to increase in the range of 2.5% to 3.5% and comparable retail sales to increase between 2% and 3%.

FedEx Corporation (FDX), the air freight and logistics services provider reported net revenues in the first-quarter ending in August jumped 5.1% from a year ago to $12.3 billion.

Net income in the quarter declined 5.9% to $692 million or $2.42 per diluted share compared to $653 million or $2.26 from the same quarter last year.

FedEx forecasted diluted earnings per share for the fiscal 2016 between $10.40 and $10.90.

United Natural Foods, Inc (UNFI), the specialty foods retailer said net sales in the fourth-quarter ending on August 1 soared 16.8% from a year ago to $2.06 billion.

Net income in the quarter jumped 8.2% to $36.1 million or 72 cents per diluted share compared to $33.4 million or 67 cents from the same quarter last year.

The foods retailer estimated net sales for fiscal 2016 between $8.51 billion and $8.67 billion, an increase of 4% to 6% and diluted earnings per share in the range of $2.80 to $2.93 compared to $2.76 in the fiscal 2015.
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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