Although CASY’s top line showed improvement during fiscal 3Q17, its bottom line remained under pressure.
CASY’s average fuel margin stood at 17.9 cents per gallon compared to its annual goal of 18.4 cents per gallon.
Iowa-based Casey’s General Stores (CASY) reported its fiscal 3Q17 results on March 6, 2017. CASY posted adjusted earnings per share of $0.58, missing the consensus by a wide margin of $0.32.
Costco (COST) reported a 5.7% rise in revenue in fiscal 2Q17, reaching $29.8 billion for the quarter (ended February 12).
During fiscal 2Q17, Costco’s gross margin (as a percentage of net sales) contracted 24 bps (basis points) to 11.0%.
Increased competition and deflation in the food and consumer electronics segments are taking a toll on most retailers.
Costco’s EPS fell 5.6% YoY to $1.17 in fiscal 2Q17, missing the consensus estimate by $0.19.
Costco shares fell 4.3% to close at $170.26 on March 3, as depressing fiscal 2Q17 numbers overshadowed its positive membership fee news.
Dollar Tree’s (DLTR) total sales rose 5% YoY in 4Q16 as the company’s sales comps edged up 1.2%.
For fiscal 2016, Dollar Tree’s EPS rose 31% YoY to $3.78.
Dollar Tree (DLTR), America’s leading discount store operator, delivered a sales beat on March 1.
Dollar Tree reported better-than-expected quarterly sales and earnings for 4Q16. Its EPS rose 35% YoY to $1.36.
As of March 3, 2017, Monster Beverage (MNST) was trading at a 12-month forward PE ratio of 31.5x. Its valuation multiple rose 12.5% on March 2, 2017.
On March 3, 2017, 13 of the 17 analysts (or 76.0%) covering Monster Beverage (MNST) stock gave it a “buy” recommendation. Four analysts gave it a “hold.”
Monster Beverage (MNST) delivered net sales of $753.8 million in 4Q16, which was significantly above the consensus analyst sales estimate of $722.5 million.
Monster Beverage (MNST) impressed investors with significant gross margin expansion in 4Q16. However, the company’s operating margin fell in 4Q16.
Monster Beverage (MNST) exceeded analysts’ 4Q16 earnings expectations after missing them in the last two quarters.
Monster Beverage (MNST) announced its 4Q16 and 2016 results after the markets closed on March 1, 2017. The next day, March 2, MNST stock rose 12.8%.
For fiscal 2018, Kroger (KR) guided an EPS range of $2.21–$2.25. At the midpoint, this implies an increment of ~5.2% over the previous year’s earnings.
Of the 25 analysts that rated Kroger (KR), 56% recommended a “buy,” 36% recommended a “hold,” and only 8% gave a “sell” rating.