Deree (DE) reported second quarter net sales and revenue growth of 6% to $7.131 billion. Net income rose to $1.28 per share from the year-ago’s $1.11 per share. On an adjusted basis, the company reported earnings of $1.58 per share. Analysts estimated earnings of $1.09 per share on revenues of $6.62 billion.
BJ’s Wholesale (BJ) said its first quarter net income rose to 49 cents per share from 45 cents per share last year. Net sales rose 12.9% to $2.55 billion. The consensus estimates called for earnings of 43 cents per share on revenues of $2.61 billion. The company raised its net income guidance for the full year to $2.58-$2.68 per share from its earlier estimate of $2.54-$2.64 per share. Analysts estimate earnings of $2.61 per share.
Target (TGT) reported that its first quarter earnings rose to 90 cents per share from 69 cents per share last year. Sales rose 5.5% to $15.16 billion. Analysts estimated earnings of 87 cents per share on revenues of $15.58 billion.
Hormel Foods (HRL) said its second quarter adjusted earnings rose 14% to 67 cents per share and its sales rose 7% to $1.7 billion. The results were ahead of the consensus estimates. The company raised its full year earnings estimate to $2.68-$2.78 per share from $2.75-$2.85, while analysts estimate earnings of $2.74 per share.
Chico’s FAS (CHS) reported first quarter earnings of 20 cents per share compared to adjusted earnings of 11 cents per share last year. Net sales rose to $481.6 million from $410.6 million in the year-ago period. Analysts estimated earnings of 20 cents per share on revenues of $473.62 million.
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