Consumer Sector Update for 04/20/2017: SCSS,BWLD,EBAY


Shutterstock photo

Top Consumer Stocks

WMT +1.09%

MCD +0.40%

DIS +0.80%

CVS +1.31%

KO -0.12%

Consumer stocks were mixed again on Thursday, with shares of consumer staples companies in the S&P 500 slipping about 0.3% while shares of consumer discretionary firms in the S&P 500 were posting a 1.0% increase.

In company news, Select Comfort ( SCSS ) raced to a nearly two-year high on Thursday after the mattress company late yesterday reported Q1 net income and revenue that streaked past analyst projections.

The company earned $0.56 per share during the January-to-March reporting period, topping the Capital IQ consensus by $0.11 per share. The company also generated $394 million in revenue, topping the Street estimates looking for $370 million in revenue for the first three months of 2017.

SCSS shares were up more than 26% at $32.72 each, previously topping out today at their best price since early May 2015 at $31.60 a share.

In other sector news,

(+) BWLD, (+5.0%) Marcato Capital files definitive proxy statement seeking to elect four new directors to the company's board and ousting CEO Sally Smith, blaming the company founder for failing to follow a "comprehensive plan to drive long-term, sustainable value."

(-) EBAY, (-3.1%) Projected Q2 EPS of $0.43 to $0.45 lags analyst mean by at least $0.02 per share. Also sees revenue in a range of $2.28 bln to $2.32 bln compared with $2.32 bln consensus. Q1 EPS of $0.49 on $2.22 bln in revenue tops Street views by $0.01 per share and $10 mln, respectively.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Business , Commodities
Referenced Symbols: SCSS , BWLD , EBAY


More from MT Newswires

Subscribe






MT Newswires
Contributor:

MT Newswires

Market News, Commodities
Follow on:








Research Brokers before you trade

Want to trade FX?





Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com