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Market Update

Dollar General Jumps; Aeropostale, Express, PVH, Titan Plunge


Author: Mukesh Buch
ticker.com
Last Update: 11:53 AM ET December 03 2015

10:25 AM New York Aeropostale net loss narrowed but American Eagle net soared. Dollar General net and revenues surged 7%. Express net soared 80% on 10% jump in revenues. Medtronic net tumbled 37%.Michaels Co net soared 20%. PVH profit fell. Sears net loss narrowed and revenues plummeted 19%.

Tollbooth Index slipped 41.82 or 0.4% to 10,939.94.

Earnings Review

Aeropostale Inc (ARO) tumbled 35.2% to 38 cents after the specialty retailer said net sales in the third-quarter ending in October plunged 20% from a year ago to $363.3 million.

Comparable store sales in the quarter declined 10%.

Net loss in the quarter narrowed to $26.4 million or 33 cents per diluted share compared to $52.3 million or 66 cents per share from the same quarter last year.

American Eagle Outfitters (AEO) increased 15 cents to $15.96 after the apparel and accessories retailer net revenues in the third-quarter ending in October jumped 8% from a year ago to $919 million.

Comparable store sales in the quarter surged 9%.

Net income in the quarter soared to $74.1 million or 38 cents per diluted share compared to $9 million or 5 cents per share from the same quarter last year.

Dollar General Corp (DG) jumped 2.7% or $1.78 to $67.11 after the discount retailer reported revenues in the third-quarter ending in October soared 7.3% from a year ago to $5.07 billion.

Same-Store Sales in the quarter increased 2.3%.

Net income in the quarter surged 7.2% to $253.3 million or 86 cents per diluted share compared to $236.3 million or 78 cents per share from the same quarter last year.

For the fourth-quarter, the retailer estimated diluted earnings per share in the range of $1.23 to $1.28.

The company lifted diluted earnings per share forecast for the year between $3.87 and $3.92 from previous guidance in the range of $3.85 to $3.95.

Express, Inc (EXPR) declined 4.7% or 85 cents to $16.56 after the apparel and accessories retailer said net sales in the third-quarter ending in October jumped 10% from a year ago to $546.6 million.

Same store sales in the quarter advanced 6% and online sales rose 6% to $83.8 million.

Net income in the quarter surged 80.1% to $26.3 million or 31 cents per diluted share compared to $14.6 million or 17 cents per share from the same quarter last year.

Lands' End, Inc (LE) fell 20 cents to $23.18 after the apparel and home products retailer stated revenues in the third-quarter ending in October declined 10.4% from a year ago to $334.4 million.

Same-Store sales in the quarter increased 2.3%.

Net income in the quarter plunged 40.5% to $10.7 million or 33 cents per diluted share compared to $18 million or 56 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