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Market Update

Conn's, Five Below Surge on Strong Results; Vail Resorts Lifts Outlook


Author: Mukesh Buch
ticker.com
Last Update: 12:44 PM EDT June 07 2018

12:35 PM New York City, New York Conn''s soared after net swung to profit. Five Below surged on quarterly results and the continued store expansion. Smucker net surged but revenues miss estimate. Thor Industries net soared on 12% jump in revenues. Vail Resorts lifted fiscal outlook.

Tollbooth Index increased 93.78 or 0.6% to 15,920.68 but for the year-to-date soared 15.6%.

Earnings Review

Alliance One International Inc (AOI) plunged 6.2% or $1.30 to $19.60 after the leaf tobacco producer stated total sales in the fourth-quarter ending in March jumped 5.6% from a year ago to $643.9 million.

Net loss in the quarter widened to $4.5 million or 50 cents per diluted share from $0.3 million or 3 cents in the same quarter last year.

Conn''s Inc (CONN) soared 16.8% or $4.30 to $29.95 after the specialty retailer said total revenues in the first-quarter ending in April rose 0.7% from a year ago to $358.4 million.

Same store sale in the quarter declined but sales decline in partially offset by new store openings.

Net in the quarter swung to profit $12.7 million or 39 cents per diluted share from a loss of $2.6 million or 8 cents in the same quarter last year.

Five Below Inc (FIVE) surged 22.4% or $18.20 to $99.48 after the discount and variety retailer reported net sales in the first-quarter ending on May 5 soared 27.2% from a year ago to $296.3 million.

Comparable store sales in the quarter advanced 3.2%.

Net income in the quarter jumped to $21.8 million or 39 cents per diluted share from $8.4 million or 15 cents in the same quarter last year.

The discount retailer forecasted fiscal 2018 revenue in the range of $1.50 billion to $1.52 billion and comparable store sales to increase between 1% and 2% and net income in the range of $136.5 million to $139.9 million and diluted earnings per share between $2.42 and $2.48.

The J. M. Smucker Company (SJM) declined 4.5% or $4.82 to $101.70 after the consumer food, beverage, and pet food products distributor reported net sales in the fourth-quarter ending in April were flat from a year ago to $1.8 billion.

Net income in the quarter surged 68% to $185.9 million or $1.64 per diluted share from $110.4 million or 96 cents in the same quarter last year.

The food and beverage products distributor forecasted fiscal 2019 net sales of about $8.3 billion and diluted earnings per share in the range of $8.40 to $8.65.

Thor Industries, Inc (THO) rose 29 cents to $98.73 after the recreational vehicles maker said revenues in the third-quarter ending in April soared 11.7% from a year ago to $2.3 billion.

Net income in the quarter jumped 20.2% to $133.8 million or $2.53 per diluted share from $111.3 million or $2.11 in the same quarter last year.

Vail Resorts, Inc (MTN) jumped 4.8% or $12.47 to $271.57 after the mountain ski, resorts and casinos operator reported total net revenues in the third-quarter ending in April jumped 6.3% from a year ago to $844.5 million.

Net income in the quarter soared 41.5% to $256.3 million or $6.17 per diluted share from $181.1 million or $4.40 in the same quarter last year.

Vail Resorts forecasted fiscal 2018 operating profit between $612 million and $622 million and net income in the range of $360 million and $381 million.

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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