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3 Stocks to Watch on Friday: Costco Wholesale Corporation (COST), Helen of Troy Limited (HELE) and Yum China Holdings Inc (YUMC)

COST membership fees rose, HELE adj. earnings topped the mark, YUMC profit below estimate

U.S. equities were higher with tech stocks posting a 0.9% gain by day’s end, while energy stocks soared 0.5%. The S&P 500 Index surged 0.6%, the Dow Jones Industrial Average gained 0.5% and the Nasdaq Composite boomed 0.8%.

3 Stocks to Watch on Friday: Costco Wholesale Corporation (COST), Helen of Troy Limited (HELE) and Yum China Holdings Inc (YUMC)Several companies posted quarterly results, including Costco Wholesale Corporation (NASDAQ:COST), Helen of Troy Limited (NASDAQ:HELE) and Yum China Holdings Inc (NYSE:YUMC).

Costco Wholesale Corporation (COST)

Costco reported on its latest period yesterday.

The company’s net income came in at $919 million, or $2.08 per share over the course of its fourth quarter. A year ago, net income was of $779 million, or $1.77 per share.

Membership fees were 13% higher year-over-year to $943 million. The amount makes up about 72% of Costco’s operating income. The company’s comp sales rose 5.8% year-over-year.

When excluding the impact of fuel and currency fluctuations, total comp sales rose 5.7%, which is higher than the Consensus Metrix analysts’ estimate of a 5.1% surged.

COST stock slipped 3% after hours Thursday.

Helen of Troy Limited (HELE)

Helen of Troy shares fell slightly following the company’s second-quarter results.

In the earnings front, the company raked in 33 cents per share. On an adjusted basis, this figure came in at $1.65 per share, which is higher than analysts’ projections of $1.35 per share.

Revenue came in at $378.5 million for Helen of Troy, which topped Wall Street’s consensus estimate of $377.1 million.

For fiscal 2018, the company predicts that sales will be up 1.5% to 3.1%, arriving at a total of $1.56 billion to 41.585 billion. Earnings are slated to be $4.01 to $4.34 per share on a GAAP basis.

Helen of Troy also announced a project that will save annualized savings by $10 million. Non-GAAP adjusted diluted earnings are slated to be between $6.50 and $6.90 per share.

Fiscal-year earnings are expected to be $6.71 per share, according to analysts polled by Thomson Reuters.

HELE stock fell 0.1% after hours Thursday.

Yum China Holdings Inc (YUMC)

Yum China posted its latest quarterly results yesterday as well.

The spinoff company of Yum! Brands, Inc. (NYSE:YUM) posted quarterly earnings of 53 cents per share, below Wall Street’s expectations of 55 cents per share.

Revenue topped the mark for Yum China at $2.038 billion. Analysts were calling for revenue of $2.038 billion. Same-store sales surged 6% as well, ahead of Wall Street’s estimate of 2.9%.

Comp sales at KFC, which has a larger presence in China than Pizza Hut or Taco Bell, rose 7%, ahead of the 5% outlook. Pizza Hut saw its same-store sales come in flat, topping the guidance of a 2.2% drop.

YUMC stock gained 2.6% after the bell Thursday.

As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/2017/10/stocks-watch-friday-costco-wholesale-corporation-cost-helen-troy-limited-hele-yum-china-holdings-inc-yumc/.

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