Top Consumer Stocks
Consumer stocks were slightly higher Thursday with shares of
consumer staples companies in the S&P 500 adding just 0.1%.
Shares of consumer discretionary firms in the S&P 500 were up
In company news, Costco (
) shares fell Thursday after the discount retailer reported fiscal
Q2 earnings that were down compared with year-ago levels, also
missing analyst estimates for the period, and quarterly revenue
also lagged the consensus view.
Net income for the 12 weeks ended Feb. 16 was $463 million, or
$1.05 per share, down from a $2.01 profit during the same period
last year and missing the Capital IQ consensus by $0.12 per
Revenue rose 5.8% year over year to $26.31 billion, or around
$270 million below analyst projections. Sales at stores open more
than 12 months were up 2.0% from last year, trailing Wall Street
opinion looking for 2.8% growth. Overall, domestic sales were up 2%
over year-ago levels while international sales declined about 1% in
Shares were down 2.6% at $113.46 each in recent trade, earlier
sliding to an intra-day low of $112.27 a share. The stock has a
52-week range of $101.01 to $126.12 a share.
In other sector news,
(+) BORN, (+23.6%) Earns $0.19 per share in Q4 on $107.9 mln in
revenue, up 30.7% from year-ago levels. Analyst estimates were not
available for comparison.
(-) SPLS, (-14.4%) Announces plans to close 225 stores after Q4
EPS of $0.33, ex items, misses by $0.06. Revenue falls 10.6% year
over year to $5.87 bln, trailing estimates by $130 mln. Same-store
sales slide 7%. Guides Q1 earning below consensus.