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DAILY EARNINGS

Dicks Sporting, Home Depot, TJX Net Jump; Wal-Mart Net Plunges


Author: Mukesh Buch
ticker.com
Last Update: 1:09 PM ET August 18 2015

12:30 AM New York Dicks Sporting second-quarter net surged 31% to $91 million. Home Depot second-quarter net jumped 5% to $2.2 billion. TJX second-quarter net soared 7% to $549 million. Wal-Mart second-quarter net declined 15% to $3.5 billion.

Tollbooth Index edged down 2.09 to 10,923.81.

Earnings Review

Dicks Sporting Goods Inc (DKS), the sporting goods retailer said net sales in the second-quarter ending on August 1 advanced 7.9% to $1.8 billion from a year ago period.

Same store sales in the quarter rose 1.2%.

Net income in the quarter surged 30.6% to $90.8 million or 77 cents per diluted share compared to $69.5 million or 57 cents from the same quarter last year.

Home Depot Inc (HD), the home improvement retailer reported net sales in the second-quarter ending on August 2 increased 4.5% to $24.83 billion from a year ago period.

Comparable store sales in the quarter jumped 4.2% comparable sales for U.S. stores soared 5.7%.

Net income in the quarter rose 4.8% to $2.2 billion or $1.73 per diluted share compared to $2.1 billion or $1.52 from the same quarter last year.

The company lifted earnings per share forecast for the year to increase in a range of 13% to 14% to $5.31 to $5.36 from fiscal 2014.

TJX Companies Inc (TJX), the off-price retailer reported total sales in the second-quarter ending on August 1 jumped 6% to $7.4 billion from a year ago period.

Comparable store sales in the quarter increased 6%.

Net income in the quarter soared 7% to $549.3 million or 80 cents per diluted share compared to $517.6 million or 73 cents from the same quarter last year.

For the third quarter, TJX diluted earnings per share in the range of 80 cents to 82 cents compared to 85 cents in a year ago period.

For the year, the retailer estimated diluted earnings per share to be in the range of $3.24 to $3.28 versus $3.15 in a year ago earlier.

Wal-Mart Stores, Inc (WMT), the low price retailer reported total revenues in the second-quarter ending in July edged up 0.1% to $120.23 billion from a year ago period.

Comparable store sales in the quarter rose 1.5%.

Net income in the quarter declined 15.1% to $3.48 billion or $1.08 cents per diluted share compared to $4.09 billion or $1.26 from the same quarter last year.

Wal-Mart U.S. saw net sales jumped 4.8% to $73.96 billion while Sam''s Club net sales slipped 0.9% to $14.73 billion and comparable store sales increasing 1.3%. Net sales in the international segment declined 9.6% to $30.64 billion.

The retailer forecasted earnings per share for the third-quarter in the range of 93 cents to $1.05 per share.

For the year, Wal-Mart lowered its earnings per share estimate between $4.40 and $4.70 from earlier guidance between $4.70 and $5.05 per share.
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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