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Market Update

U.S. Movers: Ann, Foot Locker, Genesco, Kroger, Cooper, Workday


Author: Mukesh Buch
ticker.com
Last Update: 10:26 AM ET March 08 2013

10:00 AM New York Ann fourth quarter net jumped 9% and Arcos Dorados net slipped 4%. Foot Locker fourth quarter net climbed 28% to $104 million and Genesco net dropped 7%. Kroger fourth quarter net swung to $461.5 million profit. The Cooper quarterly net jumped 37%.

Ann Inc. (ANN) climbed 5.6% or $1.65 to $30.65 after the apparel retailer reported total net sales in the fourth quarter ending on February 2 climbed 8.7% to $607.7 million from $566.7 million in the same period of last year. Total company comparable sales for the quarter fell 0.7%

Net income in the quarter jumped 9% to $2.37 million or 5 cents a diluted share compared to $2.18 million or 4 cents a share a year ago earlier.

For the year, the company said total net sales climbed 9% $2.38 billion compared to $2.21 billion and total comparable sales for the year jumped 3.3%.

Net income for the year climbed 18.5% to $102.6 million or $2.10 per diluted share from $86.6 million or $1.64 a share a year ago earlier.

For the fiscal first quarter, the retailer expects total net sales to be nearly $600 million and gross margin growth rate to be 56.5%.

For the full year, the company expects total net sales to grow about $2.565 billion and gross margin rate to increase nearly 55%.

Arcos Dorados Holdings Inc (ARCO) gained 2.3% or 29 cents to $12.70 after the Argentina based restaurants operator reported total revenues in the fourth quarter ending in December advanced 5.4% to $1.01 billion from $958.5 million in the same period of last year. Net income in the quarter slipped 4.3% to $44.2 million or 21 cents a diluted share compared to $46.2 million or 22 cents a share a year ago earlier.

Canadian Natural Resources Limited, (CNQ) slipped 26 cents to $31.84 after the Canada based energy company reported sales in the fourth quarter ending in December plunged 15% to $4.06 billion from $4.79 billion in the same period of last year. Net earnings in the quarter dropped 58% to $352 million or 32 cents a diluted share compared to $832 million or 76 cents a share a year ago.

Foot Locker, Inc. (FL) dropped 5.1% or $1.82 to $33.49 after the retailer company said net sales in the fourth quarter ending on February 2 jumped 14% to $1.71 billion from $1.50 billion in the same period of last year. Net income in the quarter climbed 28% to $104 million or 68 cents a diluted share compared to $81 million or 53 cents a share a year ago period.

Genesco Inc. (GCO) rose 5 cents to $61.22 after the footwear and apparel retailer stated total net sales in the fourth quarter ending on February 2 jumped 10% to $797 million from $723 million in the same period of last year. Comparable sales for the quarter slipped 2%

Net earnings in the quarter dropped 7.2% to $38.5 million or $1.62 a diluted share compared to $41.5 million or $1.72 a share a year ago earlier.

The company expects adjusted diluted earnings per share for fiscal 2014 in the range of $5.57 to $5.67 which represent growth of 10% to 12%.

The Cooper Companies, Inc (COO) gained 39 cents to $105.09 after the medical equipments maker stated net sales in the first quarter ending in January surged 16% to $379.8 million from $326.1 million in the same period of last year. Net income in the quarter jumped 37% to $74.7 million or $1.50 a diluted share compared to $54.6 million or $1.12 a share a year ago period.

The Kroger Co (KR) added 14 cents to $30.39 after the retailer company said net sales in the fourth quarter ending on February 2 climbed 13% to $24.2 billion from $21.4 billion in the same period of last year. Net earnings in the quarter swung to $461.5 million or 89 cents a diluted share compared to net loss of $306.9 million or 54 cents a share a year ago earlier.

The Kroger expects full year diluted earnings per share in the range of $2.71 to $2.79.

Workday, Inc. (WDAY) slipped 1.5% or 98 cents to $60.65 after the software technology developer stated revenue in the fourth quarter ending in January soared 89% to $81.5 million from $43.2 million in the same period of last year. Net loss in the quarter widened to $30.9 million or 19 cents a diluted share compared to $23.8 million or 77 cents a share a year ago.

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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