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STOCK MOVERS

U.S. Movers: Chico's, Costco, Dollar Tree, Dollar General, Genesco, Sears


Author: Mukesh Buch
ticker.com
Last Update: 3:58 AM ET May 26 2016

2:00 PM New York Abercrombie & Fitch net loss narrowed. Chico''s net and sales fell. Costco profit rose 6%. Dollar Tree net and revenues surged. Dollar General net soared 17%. Fred''s net swung to profit. Genesco net jumped 5%. RBC Bearings net surged 27%. Sears net loss widened. Tech Data net plunged 35%.

Tollbooth Index increased 35.18 or 0.3% to 10,616.78.

Earnings Review

Abercrombie & Fitch Co (ANF) tumbled 17.1% or $4.29 to $20.79 after the specialty retailer said net sales in the first-quarter ending in April fell 3% from a year ago to $685.5 million.

Comparable store sales in the quarter declined 4%.

Net loss in the quarter narrowed to $39.6 million or 59 cents per diluted share compared to $63.2 million or 91 cents per share from the same quarter last year.

Chico''s FAS, Inc (CHS) slipped 2.9% or 32 cents to $10.53 after the women''s specialty retailer stated in the first-quarter ending in April declined 7.9% from a year ago to $643 million.

Comparable store sales in the quarter slumped 4.2%.

Net income in the quarter fell 4.3% to $31.1 million or 23 cents per diluted share compared to $32.5 million or 22 cents per share from the same quarter last year.

Costco Wholesale Corporation (COST) rose 3.8% or $5.55 to $150.09 after the membership warehouses operator reported net sales in the third-quarter ending on May 8 increased 2% from a year ago to $26.15 billion.

Comparable store sales in the quarter were flat to break even.

Net income in the quarter jumped 5.6% to $545 million or $1.24 per diluted share compared to $516 million or $1.17 per share from the same quarter last year.

Dollar Tree, Inc (DLTR) surged 12.3% or $9.64 to $88 after the discount variety stores operator reported net sales in the first-quarter ending in April soared 133.6% from a year ago to $5.09 billion.

Same store sales in the quarter increased 2.3%.

Net income in the quarter surged 234.8% to $232.7 million or 98 cents per diluted share compared to $69.5 million or 34 cents per share from the same quarter last year.

Dollar General Corp (DG) jumped 4.3% or $3.64 to $87.78 after the discount retailer reported sales in the first-quarter ending on April 2 advanced 7% from a year ago to $5.27 billion.

Same store sales in the quarter rose 2.2%.

Net income in the quarter soared 16.6% to $295 million or $1.03 per diluted share compared to $253 million or 84 cents per share from the same quarter last year.

Fred''''s, Inc (FRED) advanced 3.3% or 45 cents to $14.23 after the discount stores operator said total revenues in the first-quarter ending in April jumped 8% from a year ago to $549.5 million.

Comparable store sales in the quarter rose 1%.

Net in the quarter swung to profit $1.3 million or 3 cents per diluted share compared to a loss of $0.03 million or break even 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