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DAILY EARNINGS

Home Depot, Smucker Net Soar; Ecolab, Macy's Net Decline


Author: Mukesh Buch
ticker.com
Last Update: 11:59 AM ET February 23 2016

12:00 PM New York Ecolab fourth-quarter net tumbled 38% to $209 million. Expeditors Intl fourth-quarter net soared 15% to $114.4 million. Home Depot fourth-quarter net surged 7% to $1.5 billion. Smucker third-quarter net jumped 15% to $185 million. Macy''s fourth-quarter net plunged 31% to $544 million.

Tollbooth Index slipped 111.21 or 1.1% to 10,131.02.

Earnings Review

Cracker Barrel Old Country Store, Inc (CBRL), the restaurant and gift shop operator said total revenue in the second-quarter ending in December rose 1.1% from a year ago to $764 million.

Comparable store restaurant sales increased 0.6% as average menu price increase in the quarter of about 2.9% while comparable store retail sales jumped 2.6%.

Net income in the quarter rose 2% to $48.2 million or $2.01 per diluted share compared to $47.2 million or $1.96 per share from the same quarter last year.

The company lifted its diluted earnings per share forecast in fiscal year between $7.40 and $7.50 and estimate to report increases comparable store restaurant sales and comparable store retail sales in the range of 1.5% to 2.5% and total revenues between $2.90 billion and $2.95 billion.

Ecolab Inc (ECL), the water, hygiene and energy technology provider reported net sales in the fourth-quarter ending in December slumped 7% from a year ago to $3.41 billion.

Net income in the quarter tumbled 38% to $208.9 million or 69 cents per diluted share compared to $335.5 million or $1.10 per share from the same quarter last year.

Ecolab forecasted diluted earnings per share in the fiscal 2016 in the range of $4.35 to $4.55 mainly due to adverse currency and Venezuela deconsolidation.

Expeditors International of Washington (EXPD), the air and ocean freight services provider said net revenue in the fourth-quarter ending in December declined 10% from a year ago to $1.60 billion.

Net income in the quarter soared 15% to $114.4 million or 61 cents per diluted share compared to $99.4 million or 51 cents per share from the same quarter last year.

The Home Depot, Inc (HD), the home improvement retailer reported sales in the fourth-quarter ending in December soared 9.5% from a year ago to $21 billion.

Comparable store sales in the quarter jumped 7.1% and comparable sales in the U.S. stores were advanced 8.9%.

Net income in the quarter surged 7.1% to $1.5 billion or $1.17 per diluted share compared to $1.4 billion or $1.05 per share from the same quarter last year.

J M Smucker Co (SJM), the pet food and snacks maker said net sales in the third-quarter ending in December surged 37% from a year ago to $1.97 billion.

Net income in the quarter jumped 15% to $185.3 million or $1.55 per diluted share compared to $160.9 million or $1.58 per share from the same quarter last year.

Macy''s, Inc (M), the department stores operator reported sales in the fourth-quarter ending in December dropped 5% from a year ago to $8.87 billion.

Comparable store sales in the quarter slumped 4.8%.

Net income in the quarter plunged 31.4% to $544 million or $1.73 per diluted share compared to $793 million or $2.26 per share from the same quarter last year.

Office Depot Inc (ODP), the office products and services provider stated sales in the fourth-quarter ending in December declined 9% from a year ago to $3.47 billion.

Net in the quarter swung to profit $15 million or 3 cents per diluted share compared to a loss of $84 million or 15 cents per share from the same quarter last year.

Toll Brothers Inc (TOL), the luxurious residential apartments developer said revenue in the first-quarter ending in January advanced 9% from a year ago to $928.6 million.

Net income in the quarter plummeted 9.9% to $73.2 million or 40 cents per diluted share compared to $81.3 million or 44 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