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Market Update

AutoZone Enters Slower Zone, Domino's Powers Ahead with Global Sales Jump


Author: Mukesh Buch
ticker.com
Last Update: 2:04 AM ET February 28 2017

2:10 PM New York AutoZone net and revenues increased. Domino''s Pizza same store sales continue to soared. Heska jumped after net and revenues surged. RR Donnelley net swung to a loss. Sempra Energy net rose 3%. Target plunged after net tumbled 43%.Valeant Pharma net loss widened.

Tollbooth Index slipped 46.28 or 0.4% to 11,684.57.

Earnings Review

AutoZone, Inc (AZO) gained $2.05 to $740.98 after the automobile parts and accessories retailer said sales in the second-quarter ending in December rose 1.4% from a year ago to $2.3 billion.

Same store sales in the quarter were flat.

Net income in the quarter increased 3.7% to $237.1 million or $8.08 per diluted share from $228.6 million or $7.43 per share in the same quarter last year.

Domino's Pizza, Inc (DPZ) fell $1.16 to $184.26 after the pizza chain reported revenues in the fourth-quarter ending in December soared 10.6% from a year ago to $819.4 million.

Domestic same store sales in the quarter jumped 12.2% and 10.5% in the full-year. The international division also posted strong results with same store sales growth of 4.3% during the quarter and 6.3% for the year.

Net income in the quarter surged 8.9% to $72.7 million or $1.48 per diluted share from $62.8 million or $1.15 per share in the same quarter last year.

The pizza chain said fourth-quarter marked the 92nd consecutive quarter or 23rd year of positive international same store sales growth and the 23rd consecutive quarter of positive domestic same store sales growth.

Heska Corp (HSKA) surged 12.8% or $10.45 to $92.39 after the veterinary products developer said total revenues in the fourth-quarter ending in December surged 33% from a year ago to $39.5 million.

Net income in the quarter soared 70% to $3.5 million or 46 cents per diluted share from $2 million or 28 cents per share in the same quarter last year.

RR Donnelley & Sons Co (RRD) slipped 2% or 37 cents to $17.73 after the commercial printing services provider said net sales in the fourth-quarter ending in December increased 3.7% from a year ago to $1.9 billion.

Net in the quarter swung to a loss of $514.1 million or $7.34 per diluted share from profit of $71 million or $1.02 per share in the same quarter last year.

Sempra Energy (SRE) increased 56 cents to $109.37 after the gas and electricity provider stated revenues in the fourth-quarter ending in December jumped 6.3% from a year ago to $2.9 billion.

Net income in the quarter rose 2.7% to $379 million or $1.51 per diluted share from $369 million or $1.47 per share in the same quarter last year.

Sempra Energy lifted fiscal 2017 earnings per share forecast in the range of $4.85 to $5.25 from earlier estimated range of $4.80 to $5.20.

Target Corporation (TGT) plunged 12.4% or $8.30 to $58.62 after the discount stores operator said revenues in the fourth-quarter ending in December dropped 4.3% from a year ago to $20.7 billion.

Comparable store sales in the quarter decreased 1.5% but comparable online sales soared 34% while comparable sales growth in signature categories increased 0.2%.

Net income in the quarter tumbled 42.7% to $817 million or $1.45 per diluted share from $1.4 billion or $2.32 per share in the same quarter last year.

Target forecasted comparable sales in the first-quarter are expected to decline in low-to-mid single digit and earnings per share in the range of 80 cents to $1.

In the current fiscal 2017, the retailer said comparable sales are estimated to drop in low-single digit and earnings per share is estimated between $3.80 and $4.20.

Valeant Pharmaceuticals Intl Inc (VRX) plunged 8.7% or $1.45 to $15.26 after the pharmaceutical and medical device maker said total revenues in the fourth-quarter ending in December declined 13% from a year ago to $2.4 billion.

Net loss in the quarter widened to $515 million or $1.47 per diluted share from $385 million or $1.12 per share 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