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STOCK MOVERS

American Woodmark, G-III Apparel Rise, Dollar General, Shuffle Master Fall


Author: Mukesh Buch
ticker.com
Last Update: 11:27 AM ET June 05 2012

11:30 AM New York – Dollar General first quarter net surged 36% to $213.4 million and lifted outlook and G-III Apparel reported first quarter net loss widened to 53%. United Natural Foods third quarter net soared 24% to $29 million and update fiscal guidance.

American Woodmark Corporation (AMWD) gained 3% or 51 cents to $16.99 after the kitchen furniture maker reported net revenues in the fourth quarter ending in April grew 10% to $136.2 million compared to $124.2 million in the same period last year. Net loss in the quarter widened to $6 million or 42 cents per diluted share compared to $4 million or 24 cents per share a year ago earlier.

Dollar General Corporation (DG) slipped 2.7% or $1.32 to $47.17 after the discount retailer reported net revenues in the first quarter ending on May 4 increased 13% to $3.90 billion compared to $3.45 billion in the same period last year. Same store sales increase 6.7%.

Net income in the quarter surged 36% to $213.4 million or 63 cents per diluted share compared to $157.0 million or 45 cents per share a year ago period.

The retailer expects total sales for the fiscal 2012 to increase 8% to 9% from the 53 week 2011. Same store sales are to be increase 3% to 5%.

G-III Apparel Group, Ltd. (GIII) advanced 3.2% or 79 cents to $24.79 after the apparels maker reported net revenues in the first quarter ending in April increased 16.5% to $229.4 million compared to $196.9 million in the same period last year. Net loss in the quarter widened 63% to $0.85 million or 4 cents per diluted share compared to $0.52 million or 3 cents per share a year ago quarter.

The apparels maker reiterated its prior guidance for the full year to net sales of about $1.35 billion and net income of between $54 million and $56 million and earnings per share in a range of $2.62 and $2.72.

Shuffle Master, Inc. (SHFL) tumbled 14.3% or $2.05 to $12.20 after the gaming supplier reported net revenues in the second quarter ending in April grew 10% to $66.1 million compared to $59.9 million in the same period last year. Net income in the quarter increased 23% to $9.74 million or 17 cents per diluted share compared to $7.95 million or 14 cents per share a year ago period.

United Natural Foods, Inc (UNFI) fell 47 cents to $49.75 after the specialty foods products distributor reported net revenues in the third quarter ending on April 28 increased 15.3% to $1.39 billion compared to $1.20 billion in the same period last year. Same store sales increase 6.7%.

Net income in the quarter soared 24% to $29.0 million or 59 cents per diluted share compared to $23.4 million or 48 cents per share a year ago earlier.

The company rose fiscal year end July 28, 2012 guidance for net sales to a range between $5.18 billion and $5.22 billion represents increase of 14.3% to 15.3% and raised earnings per share guidance for fiscal 2012 to a range of about $1.84 to $1.88.
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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