Overview

• Net income fell 7.2% to $837.0 million in the fiscal fourth quarter.
• Diluted EPS was $48.71, below the $50.89 consensus from Visible Alpha analysts.
• Revenue rose 0.6% to $6.24 billion and same-store sales increased 4.5%, slightly ahead of estimates.
• Operating and SG&A expenses increased 3.0% to $2.02 billion as the company opened 141 stores and expanded inventory by 14.1%.
• CEO Phil Daniele said the company expects to aggressively open stores in the new year, and shares were flat in morning trading after a 29% year-to-date gain.