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DAILY EARNINGS

Krispy Kreme Profit Soars 11%, Men's Wearhouse Net Plunges 37%


Author: Mukesh Buch
ticker.com
Last Update: 1:36 PM ET June 11 2015

12:30 AM New York Box first-quarter net loss widened to $47 million. Destination Maternity first-quarter net plunged 68% to $3 million. Digital Turbine fourth-quarter net loss widened to $9 million. Krispy Kreme first-quarter net surged 11% to $11 million. Men''s Wearhouse first-quarter net tumbled 37% to $10 million.

Tollbooth Index gained 0.2% or 24.83 to 10,795.86.

Earnings Review

Box Inc (BOX), the cloud-based content platform provider reported revenues in the first-quarter ending in April climbed 44.8% to $65.6 million from a year ago period.

Net loss in the quarter widened to $47.3 million or 40 cents per diluted share compared to $38.6 million or $2.81 from the same quarter last year.

Destination Maternity Corp (DEST), the maternity apparel retailer said net sales in the first-quarter ending on May 2 fell 1.3% to $141.6 million from a year ago period.

Comparable store sales in the quarter decreased 1.1%.

Net income in the quarter plunged 67.5% to $2.5 million or 19 cents per diluted share compared to $7.7 million or 57 cents from the same quarter last year.

Digital Turbine Inc (APPS), the mobile application developer said revenues in the fourth-quarter ending in March soared 70% to $10.2 million from a year ago period.

Net loss in the quarter widened to $9.3 million or 22 cents per diluted share compared to $2.6 million or 8 cents from the same quarter last year.

For the first-quarter, the company estimated revenues between $17 million and $19 million.

The company forecasted revenues for the year in the range of $110 million to $130 million.

Krispy Kreme Doughnuts (KKD), the beverages and packaged sweets retailer said revenues in the first-quarter ending on May 3 jumped 9% to $132.5 million form a year ago period.

System wide domestic same store sales in the quarter climbed 5.2%.

Net income in the quarter surged 10.5% to $10.7 million or 16 cents per diluted share compared to $9.7 million or 14 cents from the same quarter last year.

Men''s Wearhouse Inc (MW), the men''s specialty retailer reported net sales in the first-quarter ending on May 2 jumped 40.4% to $885.1 million from a year ago period.

Comparable store sales in the quarter climbed 6.8% while Jos. A. Bank comparable sales decreased 1.5%. Moores, Canadian retail brand comparable sales increase of 0.8% and K&G comparable sales soared 7.3%.

Net income in the quarter tumbled 37% to $10.4 million or 21 cents per diluted share compared to $16.5 million or 34 cents from the same quarter last year.

The retailer said net sales in retail segment climbed 43.7% to $250.6 million and corporate apparel sales advanced 7% or $4 million.

For fiscal 2015, the company forecasted earnings per share in the range of $2.70 to $2.90 compared to prior year earnings per share of $2.37.
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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