11:00 AM New York – Constellation Brands net surged 22%. Chipotle lowered earnings per share forecast for the fourth-quarter. Costco comparable store sales in December rose 1%. Finish Line net swung to a loss. Honeywell agreed to acquire the remaining 30% stake in UOP Russell. Walgreens net soared 31%.
Tollbooth Index slumped 102.23 or 0.9% to 10,372.19.
Constellation Brands, Inc
) soared 4.3% or $6.13 to $148.82 after the alcoholic beverages distributor reported revenues in the third-quarter ending in November jumped 5.8% from a year ago to $1.81 billion.
Net income in the quarter surged 21.7% to $270.5 million or $1.33 per diluted share compared to $222.2 million or $1.10 per share from the same quarter last year.
Chipotle Mexican Grill, Inc
) dropped 2.2% or $9.20 to $417.47 after the quick service restaurants operator lowered earnings per share forecast for the fourth-quarter to between $1.70 and $1.90 from the earlier estimated range between $2.45 and $2.85.
Chipotle estimated comparable restaurant sales for December to decline 14.6% from previous guidance of decline of 8% to 11%.
The company received subpoena from the U.S. District Court for norovirus incident at one of its restaurants in California.
Costco Wholesale Corporation
) slipped 1.6% or $2.51 to $155.94 after the reported net sales in December jumped 3% to $12.45 billion from $12.13 in the same month a year ago.
Comparable store sales in the month, rose 1%, comparable sales in the U.S. increased 3% while comp sales in Canada declined 9% and international comp sales dropped 3%.
Finish Line Inc
) plunged 10.6% or $1.96 to $16.54 after the athletic specialty retailer said revenues in the third-quarter ending on November 28 dropped 3.5% from a year ago to $382.1 million.
Comparable store sales in the quarter declined 5.8%.
Net in the quarter swung to a loss of $21.8 million or 49 cents per diluted share compared to profit of $2.6 million or 5 cents per share from the same quarter last year.
Honeywell International Inc
) fell 1.9% or $1.97 to $100.27 after the aerospace systems maker agreed to acquire the remaining 30% stake in UOP Russell, a provider of solutions and equipment manufacturer for the natural gas for about $240 million.
Walgreens Boots Alliance Inc
) increased 1.9% or $1.45 to $81.07 after the drugs store chain reported net sales in the first-quarter ending in November soared 47.9% from a year ago to $29 billion.
Comparable stores sales in the quarter jumped 5.8% and comparable pharmacy sales advanced 9.3%.
Net income in the quarter surged 30.6% to $1.11 billion or $1.01 per diluted share compared to $850 million or 89 cents per share from the same quarter last year.