J.M. Smucker
A third- quarter jolt from its Folgers coffee business helped the foodmaker nearly double its profit on strong sales.
The company’s revenue grew 3 percent for the quarter to $1.21 billion, with Folgers accounting for $510.3 million.
Smucker’s profit soared 74 percent to $135.5 million, or $1.14 a share. That’s up from $77.9 million, or 68 cents a share, earned in the same quarter of the prior year.
Toll Brothers
The slow recovery of the housing market helped the luxury homebuilder post a narrower loss in its fiscal first quarter.
The company said Wednesday that it lost $40.8 million, or 25 cents a share, in the three months ended in January. That compares with a loss of $88.9 million, or 55 cents a share, in the prior- year period. Revenue declined 20 percent to $326.7 million.
TJX
Ambitious plans to expand were unveiled Wednesday, and the company beloved by bargain hunters ultimately could double in size.
The announcement came after the owner of T.J. Maxx and Marshalls said its sales rose more than 10 percent as new shoppers flocked to stores.
For the quarter, TJX posted earnings of $395 million, or 94 cents a share, while sales grew to $5.94 billion.
Saks
The luxury retailer’s losses narrowed in the fourth quarter compared with last year, when results were weighed down by a pension charge related to layoffs.
Saks said it lost $4.61 million, or 3 cents a share, in the quarter that ended Jan. 30, compared with a loss of $99.74 million, or 72 cents a share, in last year’s fourth quarter. Revenue was down slightly at $811.3 million.
Washington Post Co.
Fourth-quarter profit more than quadrupled as its cable TV and education divisions provided most of the lift, though the publishing segment also made money after large cost cuts. The company earned $81.7 million, or $8.71 a share. That was up from $18.8 million, or $2.01 a share, a year earlier. Revenue climbed 6 percent to $1.24 billion.
