Movers: Marriott, Family Dollar Stores, NutriSystem
Marriott International (MAR) posts third quarter EPS of $0.33, vs. $0.33 a year ago, despite 7.7% worldwide, system-wide REVPAR rise. It sees $0.61-$0.63 fourth quarter EPS and $2.10-$2.25 for 2008.
Family Dollar Stores (FDO) posts $0.26, vs. $0.21 a year ago, fourth quarter EPS on about 1% higher same-store sales, 3.4% higher total sales. It sees $0.43-$0.47 first quarter EPS on flat to roughly 1.0% higher same-store sales, 7%-9% higher total sales; $1.74-$1.85 fiscal year 2008 EPS on 1%-3% higher same-store sales, 4%-6% higher total sales.
NutriSystem (NTRI) sees lower-than-expected third quarter revenue of $188 million and EPS of $0.62-$0.66. Its board okays $100 million increase to its stock repurchase program. It enters $200 million credit facility. Broadpoint downgrades to buy from strong buy.
Hollis-Eden Pharmaceuticals (HEPH) says data reported at International Conference on Tumor Progression & Therapeutic Resistance demonstrated that HE3235 significantly inhibited tumor growth in a preclinical model of hormone-independent prostate cancer utilizing human tumor cells. Hormone independent tumors are associated with late-stage prostate cancer, a condition for which there currently is no effective treatment.
Haverty Furniture Companies (HVT) posts 16% lower September same-store sales, 14% lower total sales.
Constellation Brands (STZ) posts $0.33, vs. $0.28 second quarter reported EPS as lower restructuring, operating charges offset 32% sales decline. It sees $1.34-$1.42 fiscal year 2008 reported EPS on low-single-digit growth in organic net sales.
Wendy's International (WEN) posts slight rise in third quarter average same-stores sales at U.S. company restaurants, 1.3% rise in average same-store sales at U.S. franchise restaurants.
ArvinMeritor (ARM) thinks its fourth quarter will be negatively impacted by approximately $0.20 per share as the company is encountering a weaker-than-anticipated economic environment in its Commercial Vehicle Systems business group. It will also report non-recurring items in the fourth quarter, which will reduce EPS by an additional $0.20.
International Speedway (ISCA) posts $0.53, vs. $0.64 third quarter non-GAAP EPS as increased deferred income-tax expense, inventory charges, other items offset 10% revenue rise. It sees $2.70-$2.75 fiscal year 2007 non-GAAP EPS on $810-$815 million revenue.
Wet Seal (WTSLA) sees September same-store sales decline of 7.5%-8.5%, vs. previous expectation of -1% to +3%. It sees 2%-6% decline in October. It cuts $0.07-$0.10 third quarter EPS guidance to breakeven to $0.02 EPS. S&P cuts estimate, target, keeps buy.
Matrix Service (MTRX) posts $0.23, vs. $0.12 a year ago, first quarter EPS on 27% revenue rise. It reaffirms fiscal year 2008 revenue guidance of $700-$750 million.