A humorous look at the companies that caught our eye, for better or worse, this week
Domino’s Pizza (DOG)
You know when you go out to a restaurant and there’s always one person who likes to complain about everything? That person might very well be a Domino’s investor. Even as the world’s biggest pizza company posted quarterly U.S. same-store sales growth of 5.6 per cent, reported a 25.4-per-cent increase in earnings per share and hiked its dividend by 18 per cent, some investors thought the results weren’t good enough and dumped the stock. "Yeah, Domino’s? My pizza is missing a couple of pepperonis and I’m sending it back.”
DPZ - NYSE, $260.71, down by 9.22%
There are some pieces of information you just can’t live without. Such as: Exactly how many steps did I take today? Or, how far above sea level am I right now? Thanks to Garmin, which makes smart watches, fitness trackers and navigation devices, you’ll never have to go another day without knowing the answer to these and other important questions. Shares of the company surged after it posted revenue and earnings growth above expectations and offered a bullish 2019 forecast, causing investors’ heart rates to rise from the excitement.
GRMN - Nasdaq, US$83.07, up by 16.36%
Uni-Select distributes auto paint and after-market parts to collision and repair centres, but right now the company’s stock looks as if it was in an accident. The shares crumpled like an old Lada after Uni-Select – which is in the midst of a strategic review – reported fourth-quarter results short of expectations and issued 2019 guidance that disappointed investors. With the stock down about 60 per cent from its 2017 high, some shareholders have decided to sell the old jalopy for scrap value.
UNS - TSX, $12.46, down by 35.31%
In the old days, you sat in a chair to watch the game. Now, you sit in a motorized recliner with soothing massage and heat options – and promptly fall asleep before the game even starts. Thanks to strong demand for its recliners and sofas, La-Z-Boy reported same-store sales growth of 6.7 per cent in its retail segment as quarterly earnings more than doubled, sending the stock up sharply. La-Z-Boy investors can afford to put their feet up and relax.
LZB - NYSE, US$35.90, up by 17.55%
Fresh Del Monte Produce (DOG)
Fresh Del Monte Produce’s stock looks about as appetizing as a rotting banana. Hit by restructuring charges, port delays, adverse weather and truck shortages in the United States, the fruit and vegetable producer posted disappointing 2018 results – including a fourth-quarter loss of US$34-million, or 70 US cents a share, that was about five times as big as a year earlier – prompting the company to suspend its dividend to avoid a possible default under its credit facility. The fruit flies are circling.
FDP - NYSE, US$27.87, down by 19.05%