Jack of All Trades

CarMax's best quarter in over a year delivers an 81% EPS surge and a $790 million revenue beat driven by a regulatory pricing tailwind and accelerating used-unit comps, while Vail Resorts confirms the worst western ski season in memory with full-year EBITDA down nearly 12%

Darden misses slightly on revenue and EPS while Costco delivers $70.5 billion in sales with a 92.2% member renewal rate and 20.8% digital growth on the same day as the Trump-Xi AI governance summit.

GIS beats a lowered bar — organic flat, buybacks suspended, market shrugged. CTAS crosses $3B for the first time: volume-led 8.9% organic, record margins, guidance raised. Same $0.03 beat, opposite signal quality. Day 105.

AZO vs KBH: Same Consumer, Opposite Direction. AutoZone's tariff refund margin illusion masks a real beat. KB Home's backlog turns positive for the first time in 4 years. Series Day 104. SKORE: Strong Buy vs Hold→Buy.

The Fed raised rates for the first time since 2023, hours before Lennar reported new home orders down 9% and gross margins compressed 660 basis points year over year. The Iran war's oil-to-mortgage transmission chain is now fully visible in the housing market.

Kroger beat earnings estimates but cut its full-year same-store sales forecast as a federal drug pricing law removed 140 basis points from identical sales. E-commerce grew 20% profitably and retail media rose 24%. The dividend was raised for the 20th consecutive year.

Adobe: 150% AI-first revenue growth and one billion monthly active users, raising its full-year forecast. Oracle's cloud infrastructure grew 121% and its AI contract backlog reached $664 billion, $28.5 billion in quarterly data center spending pushed free cash flow deeply negative.

Snowflake posted its third consecutive quarter of accelerating product revenue growth, up 37%, driven by AI products including its coding agent CoCo. Lululemon fell 16% after comparable sales dropped 9% and the company cut full-year guidance to a revenue decline

Broadcom's AI chip revenue hit $16.7 billion, up 221%, beating estimates by $1.5 billion. The company guided next quarter's AI chip revenue to $21.7 billion, up 236%. Shares fell 3.5% as the total revenue guide missed the whisper by $230 million — less than 1% of guided revenue.

Palo Alto added nearly $1B in net new NGS ARR in Q4, beating guidance. FY27 revenue guide $14.4B, 7% above consensus. Stock +6% after close.Dell guided Q3 to $49B — 18% above analyst estimates — on AI server demand. Full-year AI server target $60B. Stock +8% after close.