Nordstrom announced an increase in quarterly sales, thanks partly to a recent acquisition. The company also raised its annual sales growth guidance. Shares were initially higher in after-hours trading. In the regular session the stock was off a fraction to $74.92.
El Pollo Loco
A disappointing quarter from El Pollo Loco. The chicken restaurant chain missed on the top line, while earnings were in line with forecasts. Shares slid initially after the close. During regular trading, the stock was up about three percent to $18.36.
A tough day for shares of Kohl’s. The retailer missing earnings and revenue estimates. It blamed a late back-to-school start and a sales tax holiday that shoppers took advantage of. Shares tumbled almost nine percent to $56.11.
Mixed quarterlies from Dillard’s. It beat on the bottom line, while revenue missed analyst estimates. Weakness came from its home and furniture categories, while shoe sales were strong. The stock rose two percent to $97.03.
A boutique investment bank called Houlihan Lokey made its Wall Street debut today. Shares priced a dollar below the firm’s range at $21 dollars a piece. The company raised $220 million from that offering. Shares rose more than 6.5 percent to $22.40.
A management reboot at Coca-Cola. The Dow component named James Quincey president and chief operating officer today. That spurred speculation that the long-time company veteran could take the top spot at the soda maker one day. The stock fell a fraction to $41.10.