Top Consumer Shares:
Consumer shares are fairly flat in pre-bell trading as stocks
turn negative on soft housing
and jobless claims report.
In consumer sector news, Dollar General (
) 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.
) 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 (
) 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,
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 (
) 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
COST is flat at $122.97.
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