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Caribbean Market Update

JetBlue Traffic in May Jumps; Lands' End and RH Surge

Author: Mukesh Buch
Islandjournal.net
Last Update: 1:02 PM EDT June 12 2018


12:35 PM New York City, New York Casey`s General net tumbled 36% but revenues soared 13%. JetBlue Airways traffic in May 2018 soared 8.9%. John Wiley & Sons net surged on 6% jump in revenues. Lands'' End soared after net loss narrowed on strong revenues. RH surged after net swung to profit.

Tollbooth Index increased 71.99 or 0.5% to 15,475.84 but for the year-to-date soared 12.5%.

Earnings Review

Casey`s General Stores Inc (CASY) fell 12 cents to $96.25 after the convenience stores operator said total revenues in the fourth-quarter ending in April soared 12.9% from a year ago to $2.1 billion.

Net income in the quarter tumbled 35.9% to $19.3 million or 51 cents per diluted share from $30.1 million or 76 cents in the same quarter last year.

JetBlue Airways Corporation (JBLU) dropped 1.4% or 27 cents to $18.81 after the airline operator said that traffic in May 2018 soared 8.9% to 4.34 billion revenue passenger miles and load factor rose to 85.8% from 84.7% and capacity jumped 7.6% to 5.06 billion available seat miles.

The airline forecasted second-quarter revenue per available seat mile to drop between 2.5% and 0.5% from a decline of 3% to zero in the same period a year ago.

John Wiley & Sons Inc ((JW.A)) gained 1.2% or 80 cents to $69.70 after the academic journals, encyclopedias and books publisher reported revenues in the fourth-quarter ending in April jumped 5.5% from a year ago to $477.3 million.

Net income in the quarter soared 15.8% to $54.1 million or 93 cents per diluted share from $46.7 million or 81 cents in the same quarter last year.

Lands'' End, Inc (LE) soared 21.8% or $5.13 to $28.63 after the casual apparel, accessories, footwear and home products retailer said revenues in the first-quarter ending on May 4 soared 11.7% from a year ago to $299.8 million.

Same store sales in the quarter plunged 18.9% and same store sales in Lands'' End Shops at Sears locations plummeted 20.4% while same store sales in company operated stores declined 9.9%.

Net loss in the quarter narrowed to $2.6 million or 8 cents per diluted share from $7.8 million or 24 cents in the same quarter last year.

RH (RH) surged 34.8% or $41.27 to $160 after the luxury furniture and home furnishing retailer reported revenues in the first-quarter ending on May 5 fell 0.8% from a year ago to $557 million.

Comparable brand revenue in the quarter increased 1%.

Net in the quarter swung to profit $28.1 million or $1.11 per diluted share from a loss of $3.4 million or 9 cents in the same quarter last year.


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