Wednesday, May 24 2017 - 9:30pm
Wednesday, May 24 2017 - 9:00pm
Wednesday, May 24 2017 - 6:00pm
Wednesday, May 24 2017 - 5:15pm
Wednesday, May 24 2017 - 4:00pm
Orthopedic device maker $ZBH reported a drop in 4Q15 earnings due to higher operating expenses. Net income fell to $29.7MM or $0.14 per share from $153.8MM or $0.89 per share last year. Net sales grew to $1.93Bil from $1.22Bil. Adjusted EPS increased to $2.09 from $1.78.
Footwear maker $DECK reported a narrowed loss for 4Q17, helped by margin improvement initiatives. Net loss for the quarter was $15.7MM or $0.49 loss per share compared to net loss of $23.71MM or $0.73 loss per share a year ago. Net sales for the quarter declined 2.42% to $369.7MM. Excluding items, $DECK earned $0.11 per share.
Cloud communication solutions provider $EGHT's 4Q17 net loss widened to $2.92MM, or $0.03 per share, from net loss of $1.07MM, or $0.01 per share during 4Q16. Total revenue during the quarter rose 16% YoY to $66.5MM. Excluding items, $EGHT earned $0.05 per share.
$SPTN continues to expect FY17 cash expenditures of $70-72MM. Depreciation and amortization is now expected to be in the range of $86-88MM due to the addition to Caito. The total interest expense remaining is predicted to be in the range of $25-27MM.
Looking ahead into 2017, $SPTN said it is excited about its growth opportunities and is reaffirming its previously issued adjusted EPS of $2.26-2.35. This guidance is based on the Caito integration, meeting expectations for 2H17 and a return of a modest level of inflation. $SPTN cut EPS outlook to $1.99-2.08 from $2.07-2.19.
$SPTN's comparable store sales excluding fuel for 1Q17 were down 2.2% and reflect a 40 basis point negative impact from the New Year's Day shift. Comp sales were also impacted by competitive new store openings in both Michigan and west regions and the impact of one other in the Northern geography as well as ongoing food deflation.