Consumer Sector Update for 02/16/2017: SKIS,DENN,BBW


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Consumer stocks were ending mostly lower today, with shares of consumer staples companies in the S&P 500 slipping about 0.1% while shares of consumer discretionary firms in the S&P 500 were posting a 0.5% decline.

In company news, Peak Resorts ( SKIS ) was still on the mountain top heading into Thursday's close, with shares of the recreation and hospitality company today climbing to a 14-month high after reinstating its quarterly cash dividend.

The company will pay $0.07 per share to investors on March 13 to shareholders of record on Feb. 27. It cited a strong start to the 2016/2017 ski season for underpinning the dividend return, with several performance indicators - including skier visits and season pass sales - trending above year-ago levels.

Peak Resorts' January 2016 acquisition of Hunter Mountain ski resort in upstate New York also has been performing above expectations during the first full year under its control, the company said, with the $35 million cash purchase proving to be "a highly strategic and accretive acquisition."

SKIS shares were up just under 6% at $6.09 each, easing slightly from their best price since December 2015 at $6.20 a share.

In other sector news,

(+) DENN, Adjusted Q4 EPS of $0.15 per share tops Street view by $0.02 per share. Revenue climbs 4.5% compared with same quarter last year to $129.61 mln, roughly in-line with the $129.43 mln consensus. U.S. same-store sales rise 0.5%, matching the company's Jan. 9 preannouncement.

(-) BBW, Non-GAAP Q4 EPS of $0.31 misses analyst mean by $0.40 per share. Revenue falls 6.3% to $110.3 mln, also trailing the $126.54 mln consensus.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Business , Commodities
Referenced Symbols: SKIS , DENN , BBW


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