As we discussed in Part 1 of this series, Dollar General (DG) reported its results for the third quarter of 2017 (or 3Q17) on December 7.
Dollar General (DG) released its results for the third quarter of 2017 on Thursday, December 7. The results relate to the three-month period that ended on November 3.
Lululemon Athletica (LULU) reported 3Q results on December 6. The company recorded a 13.7% YoY (year-over-year) increase in its top line to $619 million.
The analysts covering GIS stock suggest a target price of $54.21 per share, which would be 2.9% below the company’s closing price of $55.84 on December 8.
GIS’s focus on reducing COGS (cost of goods sold) through its HMM (holistic margin management) program helped it boost margins despite volume deleverage.
For fiscal 2Q18, analysts expect General Mills’ sales to fall 1% YoY (year-over-year) to $4.1 billion.
Analysts expect General Mills (GIS) to report fiscal 2Q18 adjusted earnings of $0.82 per share, which would be 3.5% lower on a YoY (year-over-year) basis.
Analysts expect General Mills to continue to report lower sales and profitability due to increased costs and lower volumes for fiscal 2Q18.
While there wasn’t any positive news for Casey’s, the ongoing strength in food retail stocks probably drove Casey’s stock price higher.
Casey’s General Stores will be reporting its 2Q18 results on December 12, 2017. It’s projected to post a 2.8% fall in its EPS (earnings per share) to $1.40.
Since the Fuel segment is Casey’s largest segment, its performance defines the company’s overall performance in any given quarter.
Casey’s General Stores (CASY) will be reporting its 2Q18 results on December 12, 2017. Its top line is expected to grow 13.5% YoY to $2.18 billion.
Casey’s General Stores will report its 2Q18 results on December 12, 2017. Wall Street predicts a 3% YoY fall in Casey’s 2Q18 earnings to $1.40 per share.
After a challenging 2017, retail food stocks had a great November and a good start to December. Kroger (KR), for instance, gained 25% in November and another 2.1% up to December 6.
Amazon (AMZN) announced its acquisition of premium organic food retailer Whole Foods Market in mid-June. The deal shook the US food retail sector on fears that Amazon might end up disrupting the grocery business.
After a mostly stressful and challenging 2017, the last two months of the year seem to be a breath of fresh air for food retailers.
Of the 33 analysts, ~50.0% of them recommended a “hold” on Walmart stock, 42.0% recommended a “buy,” and 3.0% recommended a “sell.”
Walmart managed to improve its EPS (earnings per share) in the first three quarters of the current fiscal year despite its sluggish margins.
Analysts expect Walmart’s (WMT) margins to remain subdued due to the company’s continued investments in growth initiatives.
Management expects its e-commerce sales to grow at a brisk pace in coming years due to its customer-friendly initiatives and innovative offerings.