Sector Update: Consumer Shares Flat Pre-Market; Conn's Up 15% on Q3 Results


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Top Consumer Shares:

WMT: -0.10%

MCD: flat

DIS: flat

CVS: flat

KO: flat

GE: -0.11%

Consumer shares are fairly flat in pre-bell trading as stocks turn negative on soft housing market data and jobless claims report.

In consumer sector news, Dollar General ( DG ) is up more than 2% as it reports Q3 adjusted EPS of $0.72, vs. the analyst consensus of $0.70 per share on Capital IQ. Same store sales increased 4.4%. Total sales were $4.38 bln, vs. expectations of $4.41 bln.

Conn's ( CONN ) is up about 15% as it reports Q3 adjusted diluted earnings per share of $0.71 for the quarter. Consolidated revenues increased 50.6% over last year to $310.9 million.

The Street consensus was for $0.64 per share on $291 million in revenue, according to Capital IQ estimates.

Fiscal 2014 earnings guidance raised to $2.75 to $2.80 per diluted share on an adjusted basis. Analyst expected $2.61.

And, L Brands ( LB ) is flat at $63.25 after it said its same store sales for the four weeks ended Nov. 30 fell 5% from the four weeks ended Dec. 1, 2012.

Total sales at the owner of Victoria's Secret, La Senza and Henri Bendel rose to $988.5 million from $922 million a year ago in the same time frames.

Finally, Costco Wholesale Corporation ( COST ) reports increased sales for November and for Q1 2014. Net sales for November were $8.78 billion, up 5% year over year. For Q1, net sales totaled $24.47 billion, up 5% from the same period last year.

COST is flat at $122.97.

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 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities
Referenced Symbols: CONN , COST , DG , LB

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