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DAILY EARNINGS

Dicks Sporting, G&K Services, Home Depot, TJX Net Jump


Author: Mukesh Buch
ticker.com
Last Update: 9:28 AM ET August 16 2016

12:00 PM New York Coty fourth-quarter net swung to a loss of $31 million. Dicks Sporting second-quarter net rose 0.7% to $91 million. G&K Services fourth-quarter net surged 40% to $20 million. Home Depot second-quarter net jumped 9% to $2.2 billion. TJX second-quarter net rose 2% to $562 million.

Tollbooth Index slipped 37.22 or 0.3% to 11,161.93.

Earnings Review

Coty Inc (COTY), the beauty products maker stated net revenues in the fourth-quarter ending in June increased 6% from a year ago to $1.1 billion.

Net in the quarter swung to a loss of $31 million or 9 cents per diluted share compared to the profit of $21 million or 5 cents per share from the same quarter last year.

Dicks Sporting Goods Inc (DKS), the sporting goods retailer reported net sales in the fourth-quarter ending in July advanced 7.9% from a year ago to $2 billion.

Same store sales in the quarter increased 2.8% and same store sales in DICK''S Sporting Goods segment jump 3% while Golf Galaxy declined 4.3%.

Net income in the quarter rose 0.7% to $91.4 million or 82 cents per diluted share compared to the $90.8 million or 77 cents per share from the same quarter last year.

G&K Services Inc (GK), the branded uniform and facility services provider said revenues in the fourth-quarter ending on July 2 jumped 9.3% from a year ago to $258.5 million.

Net income in the quarter surged 40.4% to $19.8 million or $1 per diluted share compared to the $14.1 million or 71 cents per share from the same quarter last year.

Home Depot Inc (HD), the home improvement retailer reported sales in the second-quarter ending in July jumped 6.6% from a year ago to $26.5 billion.

Comparable store sales in the quarter advanced 4.7% and comparable store sales in U.S. stores soared 5.4%.

Net income in the quarter surged 9.1% to $2.2 billion or $1.97 per diluted share compared to the $2.2 billion or $1.73 per share from the same quarter last year.

The retailer reaffirmed sales in the fiscal 2016 to jump approx 6.3% and comparable store sales to increase about 4.9% and diluted earnings per share to soar 15.6% from $6.31 reported in fiscal 2015.

TJX Companies Inc (TJX), the off-price apparel and home fashions retailer reported net sales in the fourth-quarter ending in July soared 7% from a year ago to $7.9 billion.

Comparable store sales in the quarter jumped 4%.

Net income in the quarter rose 2.3% to $562.2 million or 84 cents per diluted share compared to the $549.3 million or 80 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