Lowe’s (LOW) – The home improvement retailer beat estimates by 3 cents a share, with quarterly earnings of 94 cents per share. Revenue and comparable sales fell short of forecasts, however, and Lowe’s projected full-year adjusted earnings of $6.45-$6.65 per share, compared to a consensus estimate of $6.67 a share.
J.M. Smucker (SJM) – The food producer earned $2.35 per share for its latest quarter, 12 cents a share above estimates. Revenue was in line with forecasts, helped by improved volume in the coffee and peanut butter segments, as well as strong growth for its Uncrustables brand. Sales were down from a year ago, however, on weakness in the premium pet food segment.
Wendy’s (WEN) – Wendy’s matched Street forecasts with quarterly profit of 8 cents per share. Revenue was above Wall Street forecasts, and the company’s comparable-restaurant sales rise by 4.3% compared with the Refinitiv consensus estimate of a 3% increase.
Papa John’s (PZZA) – The restaurant operator reported quarterly earnings of 37 cents per share, 4 cents a share above estimates. Revenue and comparable-restaurant sales also topped Wall Street forecasts.
Walt Disney (DIS) – Disney CEO Bob Iger stepped down, with Disney Parks chief Bob Chapek taking over as CEO.
Virgin Galactic (SPCE) – Virgin posted a $73 million loss in its first results as a public company, including a number of one-time costs. Billionaire Richard Branson’s space tourism company lost $46 million in the year-ago quarter.
Toll Brothers (TOL) – Toll Brothers missed estimates by 4 cents a share, with quarterly earnings of 41 cents per share. The luxury home builder’s revenue came in below forecasts as lower prices hit its profit margins.
Salesforce (CRM) – Co-CEO Keith Block has stepped down from that role, making Marc Benioff the sole CEO of the business software giant.
Beyond Meat (BYND) – A Beyond Meat sandwich will be added to the menu at Starbucks (SBUX) locations in Canada on March 3. Starbucks had previously said a plant-based sandwich would be added in Canada and the U.S., but hasn’t yet announced a start date in the U.S.
WW International (WW) – WW earned 42 cents per share for the fourth quarter, 4 cents a share above estimates. The Weight Watchers parent’s revenue also came in above Wall Street forecasts. WW also ended 2019 with 4.2 million subscribers, calling it a record for year-end, and said recruitment in 2020 Is off to a fast start.