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12:35 PM New York City, New York – Conn''s soared after net swung to profit. Five Below surged on quarterly results and the continued store expansion. Smucker net surged but revenues miss estimate. Thor Industries net soared on 12% jump in revenues. Vail Resorts lifted fiscal outlook.
Tollbooth Index increased 93.78 or 0.6% to 15,920.68 but for the year-to-date soared 15.6%.
Alliance One International Inc (AOI) plunged 6.2% or $1.30 to $19.60 after the leaf tobacco producer stated total sales in the fourth-quarter ending in March jumped 5.6% from a year ago to $643.9 million.
Net loss in the quarter widened to $4.5 million or 50 cents per diluted share from $0.3 million or 3 cents in the same quarter last year.
Conn''s Inc (CONN) soared 16.8% or $4.30 to $29.95 after the specialty retailer said total revenues in the first-quarter ending in April rose 0.7% from a year ago to $358.4 million.
Same store sale in the quarter declined but sales decline in partially offset by new store openings.
Net in the quarter swung to profit $12.7 million or 39 cents per diluted share from a loss of $2.6 million or 8 cents in the same quarter last year.
Five Below Inc (FIVE) surged 22.4% or $18.20 to $99.48 after the discount and variety retailer reported net sales in the first-quarter ending on May 5 soared 27.2% from a year ago to $296.3 million.
Comparable store sales in the quarter advanced 3.2%.
Net income in the quarter jumped to $21.8 million or 39 cents per diluted share from $8.4 million or 15 cents in the same quarter last year.
The discount retailer forecasted fiscal 2018 revenue in the range of $1.50 billion to $1.52 billion and comparable store sales to increase between 1% and 2% and net income in the range of $136.5 million to $139.9 million and diluted earnings per share between $2.42 and $2.48.
The J. M. Smucker Company (SJM) declined 4.5% or $4.82 to $101.70 after the consumer food, beverage, and pet food products distributor reported net sales in the fourth-quarter ending in April were flat from a year ago to $1.8 billion.
Net income in the quarter surged 68% to $185.9 million or $1.64 per diluted share from $110.4 million or 96 cents in the same quarter last year.
The food and beverage products distributor forecasted fiscal 2019 net sales of about $8.3 billion and diluted earnings per share in the range of $8.40 to $8.65.
Thor Industries, Inc (THO) rose 29 cents to $98.73 after the recreational vehicles maker said revenues in the third-quarter ending in April soared 11.7% from a year ago to $2.3 billion.
Net income in the quarter jumped 20.2% to $133.8 million or $2.53 per diluted share from $111.3 million or $2.11 in the same quarter last year.
Vail Resorts, Inc (MTN) jumped 4.8% or $12.47 to $271.57 after the mountain ski, resorts and casinos operator reported total net revenues in the third-quarter ending in April jumped 6.3% from a year ago to $844.5 million.
Net income in the quarter soared 41.5% to $256.3 million or $6.17 per diluted share from $181.1 million or $4.40 in the same quarter last year.
Vail Resorts forecasted fiscal 2018 operating profit between $612 million and $622 million and net income in the range of $360 million and $381 million.