Vail Resorts Inc.
The largest U.S. ski-resort operator reported that losses widened in the fiscal fourth quarter because of a smaller tax benefit and that real-estate sales rebounded.
Results missed analysts’ expectations, and the company projected earnings for the new year of $30 million to $40 million. Analysts’ average estimate was $57.3 million, according to Thomson Reuters.
For the quarter ended July 31, Vail reported a loss of $41.9 million, or $1.16 a share, compared with a prior- year loss of $38.7 million, or $1.07 a share. Revenue increased to $137.1 million from $101.9 million on the real-estate results.
Nike Inc.
The world’s largest athletic- shoe and -clothing company held its lead among competitors Thursday, reporting a solid first quarter and strong orders for the coming holiday season. Nike said orders from retailers for the season rose 10 percent.
Nike earned $599 million, or $1.14 per share, for the quarter that ended Aug. 31. That’s up 9 percent from $513 million, or $1.04 per share, earned last year in the same period. Revenue rose 8 percent to $5.18 billion.
Rite Aid Corp.
The drugstore operator on Thursday reported a bigger loss for its fiscal second quarter as its revenue slipped 2.5 percent and it refinanced some of its debts.
Rite Aid said it had a net loss of $199.3 million, or 23 cents per share, after paying preferred dividends in the quarter ended Aug. 28. Its net loss was $120.4 million, or 14 cents per share, a year ago.
