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DAILY EARNINGS

Walgreens Boots Alliance Net Surges, Finish Line Net Swings to Loss


Author: Mukesh Buch
ticker.com
Last Update: 11:09 AM ET January 07 2016

12:00 PM New York Constellation Brands third-quarter net surged 22% to $271 million. Finish Line third-quarter net swung to a loss of $22 million. Walgreens Boots Alliance first-quarter net surged 31% to $1.1 billion.

Tollbooth Index slumped 102.23 or 0.9% to 10,372.19.

Earnings Review

Constellation Brands, Inc (STZ), the alcoholic beverages distributor reported revenues in the third-quarter ending in November jumped 5.8% from a year ago to $1.81 billion.

Net income in the quarter surged 21.7% to $270.5 million or $1.33 per diluted share compared to $222.2 million or $1.10 per share from the same quarter last year.

Chipotle Mexican Grill, Inc (CMG), the quick service restaurants operator lowered earnings per share forecast for the fourth-quarter to between $1.70 and $1.90 from the earlier estimated range between $2.45 and $2.85.

Chipotle estimated comparable restaurant sales for December to decline 14.6% from previous guidance of decline of 8% to 11%.

The company received subpoena from the U.S. District Court for norovirus incident at one of its restaurants in California.

Costco Wholesale Corporation (COST), the reported net sales in December jumped 3% to $12.45 billion from $12.13 in the same month a year ago.

Comparable store sales in the month, rose 1%, comparable sales in the U.S. increased 3% while comp sales in Canada declined 9% and international comp sales dropped 3%.

Finish Line Inc (FINL), the athletic specialty retailer said revenues in the third-quarter ending on November 28 dropped 3.5% from a year ago to $382.1 million.

Comparable store sales in the quarter declined 5.8%.

Net in the quarter swung to a loss of $21.8 million or 49 cents per diluted share compared to profit of $2.6 million or 5 cents per share from the same quarter last year.

Walgreens Boots Alliance Inc (WBA), the drugs store chain reported net sales in the first-quarter ending in November soared 47.9% from a year ago to $29 billion.

Comparable stores sales in the quarter jumped 5.8% and comparable pharmacy sales advanced 9.3%.

Net income in the quarter surged 30.6% to $1.11 billion or $1.01 per diluted share compared to $850 million or 89 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