Consumer Stocks Climbing In Afternoon Trade; SodaStream Bubbles to 13% Advance After Q2 Results, FY13 Outlook


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Top Consumer Stocks

WMT +0.37%

MCD -0.47%

DIS +0.68%

CVS +0.90%

KO -0.20%

Consumer stocks are higher, with shares of consumer staples companies in the S&P 500 advancing about 0.2%. Shares of consumer discretionary firms in the S&P 500 are ahead nearly 0.7%.

In company news, SodaStream International ( SODA ) is up more than 13% to $66.09 a share after reporting Q2 earnings of $0.74 per share, beating analyst estimates by $0.11 per share.

Revenue rose 28.5% year over year to $132.4 million, topping the consensus view by around $2.68 million.

Based on its Q2 results and projections for the rest of the year, SODA raised its FY13 outlook, now expecting 30% revenue growth this year to around $567.2 million. The company previously was looking for 27% growth over its $436.3 million in FY12 revenue. Analysts, on average, are looking for FY13 revenue of around $558.46 million.

In other sector news,

(+) HBI, (+5.6%) Reports Q2 earnings of $1.19 per share, $0.25 better than the analyst consensus. Net sales rise 1.6% year over year to $1.2 billion, missing by just $10 million.

(-) BGFV, (-18.1%) Q2 revenue climbs 5.9% over same quarter last year to $239.9 million, trailing estimates by $4.16 million. Earns $0.28 per share, beating the Capital IQ consensus by $0.01. Q3 guidance in-line with analyst views.

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) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

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