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DAILY EARNINGS

HD Supply Net Plunges; RH Net Swing to Profit, Workday Net Loss Widens


Author: Mukesh Buch
ticker.com
Last Update: 12:35 PM EDT September 05 2018

11:45 PM New York Caleres second-quarter net surged 34% to $24 million. HD Supply second-quarter net tumbled 70% to $131 million. HealthEquity second-quarter net jumped 33% to $23 million. RH second-quarter net swung to profit $64 million. Workday second-quarter net loss widened to $86 million.

Tollbooth Index declined 228.34 or 1.4% to 16,274.06 but for the year-to-date soared 18.3%.

Earnings Review

Calavo Growers Inc (CVGW), the avocado and farm products company said revenues in the third-quarter ending in July fell 2% from a year ago to $296.4 million.

Net income in the quarter surged 40.9% to $12.4 million or 70 cents per diluted share from $8.8 million or 50 cents in the same quarter last year.

The avocado producer forecasted fiscal 2018 sales growth in the high teens and estimated to deliver strong volume growth in fiscal 2019.

Caleres Inc (CAL), the footwear retailer stated net sales in the second-quarter ending on August 4 jumped 4.4% from a year ago to $706.6 million.

Same store sales in the quarter advanced 2.6%.

Net income in the quarter surged to $23.6 million or 55 cents per diluted share from $17.6 million or 41 cents in the same quarter last year.

Caleres forecasted fiscal 2018 net sales of about $2.8 billion and same-store-sales growth in about low-single digits and diluted earnings per share in the range of $2.40 to $2.50.

General Mills Inc (GIS), the branded ready-to-eat cereals and foods maker reaffirmed fiscal 2019 net sales to jump between 9% and 10% and operating profit to increase 6% to 9% and diluted earnings per share to decrease between flat and fall 3%.

HD Supply Holdings Inc (HDS), the industrial distributor reported net sales in the second-quarter ending on July 29 surged 18.3% from a year ago to $1.6 billion.

Net income in the quarter tumbled 70.4% to $131 million or 70 cents per diluted share from $442 million or $2.22 in the same quarter last year.

For fiscal 2018, HD Supply reaffirmed net sales forecast in the range of $5.9 billion and $6 billion and operating profit in the range of $845 million and $870 million and diluted earnings per share between $3.22 and $3.35.

HealthEquity Inc (HQY), the healthcare savings accounts provider said revenues in the second-quarter ending in July soared 25% from a year ago to $71.1 million.

Net income in the quarter jumped 33% to $22.5 million or 36 cents per diluted share from $16.9 million or 27 cents in the same period a year ago.

RH (RH), the luxury furniture and home furnishing provider said net revenues in the second-quarter ending on August 4 advanced 4.1% from a year ago to $640.8 million.

Comparable store sales in the quarter jumped 5%.

Net in the quarter swung to profit $64 million or $2.33 per diluted share from a loss of $7.9 million or 28 cents in the same period a year ago.

Vera Bradley Inc (VRA), the women''s handbags, travel items, and accessories designer stated net revenues in the second-quarter ending on August 4 rose 1.1% from a year ago to $113.6 million.

Net income in the quarter soared to $9.3 million or 26 cents per diluted share from $2.2 million or 6 cents in the same period a year ago.

Workday Inc (WDAY) declined 7.8% or $12.27 to $144.42 after the financial and human management software provider reported total revenues in the second-quarter ending in July soared 27.9% from a year ago to $671.7 million.

Net loss in the quarter widened to $86.2 million from $82.5 million and diluted loss per share matched 40 cents in 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