Overview
- Shares fell roughly 8.6% in premarket trading to about $3,550 after the earnings release.
- Quarterly revenue was $4.27 billion, missing the $4.31 billion consensus, with total net sales up 8.1% year over year.
- Adjusted EPS came in at $27.63, topping the $27.15 estimate but down from $28.29 a year earlier.
- Comparable sales rose 3.3% versus expectations of 5.6%, including 3.4% growth domestically and 2.5% internationally.
- Operating profit declined 1.2% to $698.5 million as margin pressure was noted, and management said market share advanced in Mexico and Brazil.