Consumer Sector Update for 12/01/2016: WMT, MCD, DIS, CVS, KO, DG, EXPR


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Top Consumer Shares:

WMT: -0.3%

MCD: -0.4%

DIS: +0.2%

CVS: flat

KO: +0.1%

Consumer shares were mixed ahead of the opening bell Thursday.

In consumer stocks news, Dollar General ( DG ) fell 6.8% after reporting Q3 diluted EPS of $0.84, but included a $0.05 charge without which EPS would have been $0.89; nevertheless this was below the Capital IQ consensus of $0.93. Net sales grew 5% to $5.32 billion but were still short of the mean estimate of $5.37 billion provided by Capital IQ. For fiscal 2016 ending Feb. 3, the company said it now expects diluted EOS growth to be at the low end of the long-term growth model range of 10% to 15%.

And, Express ( EXPR ) was down 17.7% after the specialty retail apparel company said it now expects full year adjusted EPS in a range of $0.78 to $0.82, down from prior guidance in a range of $1.00 to $1.14 and short of the Street estimate of $1.06. The company said it continues to expect comparable sales to decline in the high single digits. For Q4 the company guided EPS in a range of $0.26 to $0.30, missing the Street projection of $0.55. The company said it expects comparable sales to decline by low double digits.

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: DG , EXPR , WMT , MCD , DIS


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