Consumer earnings last week
Nike (NKE) declared its fiscal 2Q18 results on December 21 after the markets closed. In 2Q18, its revenue rose 5.0% to $8.6 billion and beat the estimates by 2.4%. The EPS (earnings per share) fell 8% YoY (year-over-year) to $0.46 in 2Q18 but exceeded the previous estimates of $0.4 per share.
General Mills (GIS) announced its fiscal 2Q18 results on December 20, 2017. The company’s earnings fell 3.5% YoY to $0.82 per share. Its revenue rose 2.1% YoY to $4.2 billion. General Mills’ earnings were in line with the estimates. Its revenue beat the estimates by 2.7%.
Conagra Brands (CAG) reported its fiscal 2Q18 results on December 21 before the market opened. Its revenue for the quarter grew 4.1% to $2.2 billion and beat analysts’ estimates by 6.4%. The EPS rose 12.2% to $0.55 YoY and beat analysts’ estimates of $0.52.
Retail store chain Bed Bath & Beyond (BBBY) declared its fiscal 3Q17 results on December 20 after the markets closed. The revenue for the quarter was approximately in line with the same quarter last year at $2.96 billion. The EPS fell to $0.44 per share compared to $0.85 in 3Q16. The revenue and earnings surpassed consensus estimates of $2.90 billion and $0.37 per share.
Full-service restaurant chain Darden Restaurants (DRI) posted its fiscal 2Q18 earnings on December 19. The company’s earnings rose 14.1% YoY to $0.73 per share. The revenue rose 14.6% YoY to $1.88 billion. The earnings surpassed the estimates by 4%, while its revenue beat the estimates by 1.4%.
Used cars retailer CarMax (KMX) released its third-quarter results (ending November 30) on December 21 before the market opened. Its revenue for the quarter rose 10.9% YoY to $4.1 billion and beat the estimates by 3.3%. The EPS rose 12.5% YoY to $0.81 per share. The earnings were in line with the estimates.