Consumer Stocks Mixed as Defensive Stance Fades, Lifting Consumer Discretionary Shares Over Staples

By Staff,

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Top Consumer Stocks

WMT -0.66%

MCD +1.30%

DIS +0.39%

CVS -0.73%

KO +0.64%

Consumer stocks are mixed, with shares of consumer staple companies in the S&P 500 sinking about 0.6% while shares of consumer discretionary stocks in the S&P are 0.6% higher as a group.

In company news, Zale ( ZLC ) is up more than 22% at $10.95 a share, off slightly from its new 52-week high of $11.08 after the jewelry retailer more than halved its Q4 net loss, reporting a $0.25 per share loss, topping the Capital IQ consensus to lose $0.33 per share during the quarter.

Revenues grew 2.4% year over year to $417.1 million, also beating analyst estimates by $9.22 million. Comparable store sales in the quarter increased 5.6%.

During the same period last year, ZLC reported net income of $0.61 per share on $407 million in revenue.

In other sector news,

(+) EXPR, (+9.3%) Reports Q2 earnings of $0.20 per share, matching analyst expectations. Revenue rises 6.8% to $486 mln, narrowly beating Street estimates by $1 mln. Issues in-line Q3, FY13 revenue guidance.

(+) WTSL, (-0.1%) Adjusted Q2 net income of $0.01 per share reverses year-ago loss and meets analyst expectations. Net sales slip 1.4% to $137.2 mln, also roughly in-line with the Street's view. Forecasts in-line net sales for Q3.

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
Referenced Stocks: ZLC

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