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$TSCO 1Q15 10-Q: Total number of stores at 1Q15-end was 1,422 vs. 1,308 stores at 1Q14-end. Share-based compensation expense was $5MM vs. $3.9MM in 1Q14. TSCO repurchased 0.6MM shares for $47.9MM vs. 1.3MM shares for $84.5MM under the share repurchase program. Working capital was $721.9MM at March 28, 2015, up $27.2MM from March 29, 2014.
Apple ($AAPL) reported decline in sales and profits from comparable quarter last year, attributing the decline to announcement of iPhone 7/7s. Sales and profit are being guided higher for next quarter. Apple is a solid company and will continue to dominate tech and consumer electronics segment for a while. Personally, looks like there is little downside in this investment.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."