12:50 PM New York – Aramark reaffirmed earnings outlook and said net soared 11%. Disney net rose 2%. Fossil profit tumbled 85% on 9% decline in revenues. Macy''s lowered earnings forecast. Wendy’s lifted earnings per share estimate.
Tollbooth Index slipped 116.33 or 1.1% to 10,555.58.
) slipped 2.9% or 99 cents to $33.35 after the food and uniform services provider reported total sales in the second-quarter ending in March rose 1% from a year ago to $3.58 billion.
Net income in the quarter soared 11% to $66.4 million or 27 cents per diluted share compared to $59.8 million or 24 cents per share from the same quarter last year.
Aramark said international food-service sales fell 5% while sales in smaller uniform-and-career apparel segment rose 4%.
The company reaffirmed earnings per share in the fiscal 2016 between $1.65 and $1.75 per share.
The Walt Disney Co
) declined 4.5% or $4.76 to $101.84 after the entertainment and media group reported total revenues in the second-quarter ending on April 2 jumped 4% from a year ago to $12.97 billion.
Net income in the quarter rose 2% to $2.14 billion or $1.30 per diluted share compared to $2.11 million or $1.23 per share from the same quarter last year.
Disney said it cancelled its ""Infinity"" videogame line and will stops making games and take $147 million charges for discontinuation of self-published console games business that was launched in 2013 with an initial investment of more than $100 million.
Fossil Group Inc
) plummeted 27.6% or $11.08 to $29.02 after the fashion accessories designer said net sales in the first-quarter ending in March slumped 9% from a year ago to $659.8 million.
Net income in the quarter tumbled 84.8% to $5.8 million or 12 cents per diluted share compared to $38.1 million or 75 cents per share from the same quarter last year.
) plunged 11.7% or $4.32 to $32.68 after the department stores operator reported net sales in the first-quarter ending in March declined 7.4% from a year ago to $5.77 billion.
Comparable store sales at owned and licensed stores in the first-quarter slumped 5.6% and on an owned basis, first-quarter comparable sales declined 6.1%.
Net income in the quarter plunged 39.9% to $116 million or 37 cents per diluted share compared to $193 million or 56 cents per share from the same quarter last year.
The retailer lowered its diluted earnings per share in fiscal 2016 between $3.15 and $3.40 from the earlier estimated range between $3.80 and $3.90.
) plunged 7.6% or 85 to $10.33 after the restaurants operator stated revenues in the first-quarter ending on April 3 dropped 16.2% from a year ago to $378.8 million.
Same-restaurant sales in the quarter jumped 3.6%.
Net income in the quarter slumped 7.6% to $25.4 million or 9 cents per diluted share compared to $27.5 million or 7 cents per share from the same quarter last year.
The restaurants operator lifted estimated 2016 diluted earnings per share in the range of 38 cents to 40 cents from the previous guidance between 35 cents and 37 cents.