Sector Update: Consumer Shares Flat to Lower Pre-Bell

By Staff,

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Top Consumer Shares:

WMT: flat

MCD: -0.86%

DIS: flat

CVS: flat

KO: flat

GE: -0.23%

Consumer shares were flat to lower ahead of Thursday's opening bell.

In consumer stocks news, Abercrombie & Fitch Company ( ANF ) shares were up 5.7% after it said Q2 sales were $890.605 million, below the Thomson Reuters mean for $909.22 million.

Abercrombie earned $0.19 per share, above forecasts for $0.11.

FY EPS are seen been $2.15 and $2.35, below estimates for $2.36. It sees FY14 same-store sales down in mid-single digits.

And, Dollar General ( DG ) shares were down 0.3% after it reported Q2 results that are in line with analyst estimates on EPS and revenue, with a year-over-year increase in both.

The discount retailer reported Q2 EPS of $0.83, up from $0.75 in Q2 2013 and in line with analyst estimates. Total revenues of $4.72 billion were up from $4.39 billion in Q2 2013 and about matched analyst projections of $4.77 billion.

Finally, Coty ( COTY ) announced Q4 results that missed projections on EPS and revenues, hurt by a decline in the nail and fragrance business in North America.

The beauty company reported Q4 EPS of $0.03, flat with $0.03 in Q4 2013 but missing analyst estimates of $0.05. Total revenues of $1.04 billion were down from $1.05 billion Q4 2013 and missed analyst projections of $1.06 billion for the quarter.

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: ANF , DG , COTY

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